MIRA
INFORM REPORT
|
Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
ROSEY GEMS |
|
|
|
|
Registered Office : |
Flat C, 6/F, Hang Wan Building, 42-44 Granville Road, Tsimshatsui,
Kowloon, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
02.03.2004 |
|
|
|
|
Com. Reg. No.: |
34320830 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Trading of Fine Jewellery |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME &
ADDRESS
ROSEY GEMS
FLAT C, 6/F, HANG WAN BUILDING, 42-44 GRANVILLE ROAD, TSIMSHATSUI,
KOWLOON, HONG KONG.
TEL: 852 64939667 / 23698444
FAX: 852 23698444
EXECUTIVE SUMMARY
INCORPORATION DATE :
2-3-2004
REGISTRATION NO. :
34320830
REGISTERED LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. PARIKH JIGAAR (PARTNER)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL
: N/A [IN HK, UNLIMITED COS.
ARE NOT REQUIRED TO FILE ITS
CAPITAL PARTICULARS TO BR
OFFICE (THE INLAND REVENUE)]
PAID-UP CAPITAL :
NOT APPLICABLE
BUSINESS LINE :
TRADING OF JEWELLERY
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 7.79759 = USD1
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
SC was established under Business Registration number 34320830 on
2-3-2004 with present status as partnership.
Currently obtained BR copy indicates the particulars of SC's
principal(s) are as follows:
Name(s) of principal(s) & ID/Passport number(s) Registered
address
- Shah Samir Indulal / ZZ4101021 2/F,
Navjivan Society,
Lamington
Road, Bombay, India.
- Shah Priyesh Arun / ZZ4194313 162
J S S Rd, 1/7, Mohun Bldg.,
Next
to Maiestic Shopping Ctr.,
Girgaum
Mumbai 40004, India.
- Parikh Jigaar / A9043587 Flat
G, 5/F, Windsor Mansion,
29-31
Chatham Road,
Tsimshatsui,
Kowloon, Hong Kong.
Certain material change or amendment regarding SC within the last 4
years has been traced & noted as follows:
Change in principal(s):
Name(s) of admitted partner(s) Joining
date
Nil Nil
Name(s) of retired partner(s) Leaving
date
Shah Jimeet Girishbhai 6-8-2007
SC's registered address: Flat D, 14/F, Windsor Mansion, 29-31 Chatham Road,
Tsimshatsui, Kowloon, Hong Kong.
Total number of employees: 2.
Location: Maintaining its office at the heading business address which occupies a
gross area of 350 square feet at a commercial & residential building in a
shopping & residential district.
Condition inside the premises during our visit: Normal.
Office/factory layout: Standard.
Parikh Jigaar, partner:
- Born in 1985
- He is by Indian nationality
- He has 4 years of experience in present field
He travels frequently between Shenzhen, PR China & HK.
Credit history check : This refers to a check of our database whether
the said person has been involved in any of the following stored by us within
the last 6 years:
Civil litigation as defendants :
None in our database
Bankruptcy/winding-up petitions :
None in our database
Delinquent payment records :
None in our database
Debt collection records :
No overdue amount owed by the said person was placed to us for collection
Shah Priyesh Arun, partner:
- Born in 1984
- He is by Indian nationality
- He has 4 years of experience in present field
He travels frequently between Shenzhen, PR China & HK.
Credit history check : This refers to a check of our database whether
the said person has been involved in any of the following records stored by us
within the last 6 years:
Civil litigation as defendants :
None in our database
Bankruptcy/winding-up petitions :
None in our database
Delinquent payment records :
None in our database
Debt collection records :
No overdue amount owed by the said person was placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 45 (see
explanatory notes below)
Keys : 1 : scores 81-100 : Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Shah Priyesh Arun, SC's partner, declined
forwarding any financial information on the ground that it is the company's
policy not releasing any data to a third party without the benefit of knowing
the identity of the inquiring party.
Banking relations are maintained principally with: Hang Seng Bank Ltd.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up petitions: None in our
database.
Mortgage/charge record(s): In HK, unlimited companies are not required
to file its charge particulars for public inspection.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment experience (through current enquiry with SC's
suppliers), our delinquent payment records and our debt collection record concerning
SC.
Trade payment experience: Owing to the nature of its operation, SC is
not an active seeker of local commercial credit. Its expenses in the form of
accruals and servicing are reportedly met in a prompt manner.
Delinquent payment record: None in our database.
Debt collection record: No overdue amount owed by SC was placed to us for
collection within the last 6 years.
Business categories:
SC is engaged in trading of fine jewellery.
Items available include diamond, precious & semi-precious stones.
Principal purchases:
Major types of sourcing :
Diamond
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India
Buying terms :
L/C & T/T
Principal market:
Local--type of customers :
Wholesalers & retailers
Selling terms :
COD & credit of 30 to 60 days
Overseas--buying countries :
PR China & Thailand
Selling terms :
L/C & T/T
Reportedly, SC also maintains liaison office in Shenzhen, Guangdong
Province, PR China. (Tel: 86-13113818667)
SC is considered small-sized in its line locally. Credit dealings should
be confined to small amount at present.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)