MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PURITY COMPANY |
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Registered Office : |
7FL Ocean View Court - Rear Portion, 33 Mody Rd Tsimshatsui Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.06.2004 |
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Com. Reg. No.: |
34676023 |
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Legal Form : |
Partnership |
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Line of Business : |
Importing and Exporting Various Range of Jewelry |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
PURITY CO.
7FL OCEAN VIEW COURT - REAR PORTION, 33 MODY RD TSIMSHATSUI KOWLOON,
HONG KONG.
TEL: 852-23684938
FAX: 852-23684939
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 23, 2004
REGISTRATION NO. :
34676023
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. DEEPAK JAIN (PARTNER)
STAFF STRENGTH :
4
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79643 = US$1
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD –Hong Kong
Dollars
*Company Registration*
==================
License number : 34676023
Date issued : 23 June, 2004
Issuing authority : Business Registration Office -
Inland Revenue Dept
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: purity@netvigator.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Major Shareholders*
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Partners' Name
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Mr. Rajesh Golchha
Mr. Deepak Jain
Mr. Sandeep Mehta
Management:
Mr. Deepak Jain, Partner
Mr. Rajesh Golchha, Partner
Mr. Sandeep Mehta, Partner
Name Nationality Job Description
Mr. Deepak Jain Indian Partner
Mr. Rajesh Golchha Indian Partner
Mr. Sandeep Mehta Indian Partner
*Key Personnel*
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Mr. Deepak Jain
Founder : Co-founder
HKID : ZZ6994945
Address : 7Fl Ocean View Court - Rear Portion 33 Mody
Rd Tsimshatsui Kowloon Hong Kong
Mr. Sandeep Mehta
Founder : Co-founder
HKID : ZZ6994953
Address : 7Fl Ocean View Court - Rear Portion 33 Mody
Rd Tsimshatsui Kowloon Hong Kong
Mr. Rajesh Golchha
HKID : ZZ521234A
Address : 7Fl Ocean View Court - Rear Portion 33 Mody
Rd Tsimshatsui Kowloon Hong Kong
Date of appointment : 1
October, 2005
*Main Products & Services*
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Specializes in importing and exporting various range of jewelry.
Products include the following :
- Diamonds in pear-cut, round-cut in full and single in 2 and star and
F
Products:
Diamonds
Fine jewelry
Imitation jewelry
Jewelry
Loose diamonds
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export worldwide.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC
based upon our Payment Database, comments from suppliers of SC, information from
banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.
As a partnership firm, no official financial statement is required to be
publicly disclosed.
*Bank Details*
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Bank Name : HSBC
PRIVATE BANK (SUISSE) SA
Branch :
Central, Hong Kong
Branch Address : Level
13 & 14 HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
BLICHKHK
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911
Jewelry, of precious metal
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102290000
Industrial diamonds, worked
Trading 7116201000
Jewelry of precious or semiprecious
stones
Trading 7117
Imitation jewelry
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North
America
Exporting to USA
Importing from Asia
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)