MIRA
INFORM REPORT
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Report Date : |
20.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
JEWELS INDIA (HK) |
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Registered Office : |
Flat B 3FL Ka Wing Bldg 27 Granville Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 27, 2007 |
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Com. Reg. No.: |
38321571-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Registered to engage in the following areas of work : Trading of diamonds, color stone and jewelry. Sales and distribution of products to local market. |
RATING &
COMMENTS
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MIRAs Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
JEWELS INDIA (HK)
FLAT B 3FL KA WING BLDG 27 GRANVILLE RD TSIMSHATSUI KOWLOON,
HONG KONG.
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 27, 2007
REGISTRATION NO. :
38321571-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SANJAY KUMAR JAIN (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75398 = 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
is not known to host website of its own at present.
For the past 3 months 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.
*Key Personnel*
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Sanjay Kumar Jain
Founder
: Sole Founder
National ID no.
: ZZ5299747
Address
: Rm 4, 9Fl Tsimshatsui Mansions Block B 83-97 Nathan Rd Tsimshatsui
Kowloon Hong
Kong
Date of appointment
: 27 June, 2007
*Operations Status*
==============
No telephone listing could be found for the company. It is
therefore not possible to contact the company directly to obtain further
information. The nature and extent of the company's operations could not be
determined and it could not be confirmed whether the company operates from the
Registered Office address or in another location.
*Main Products & Services*
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Registered to engage in the following areas of work :
1. Trading of diamonds, color stone and jewelry.
2. Sales and distribution of products to local market.
Products : Color stones
Diamonds
Jewelry
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85100 |
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.
Since the company was only established three (3) months ago no
financials have been lodged.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Hong
Kong
Swift code :
HSBCHKHH
Based on the investigations performed, it has not been possible
to prepare a normal credit report on the company. Given the circumstances, caution is advised related to dealings
with persons claiming to represent such an entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3200 Stone, Clay, & Glass Products
Trading 3911 Jewelry, of precious metal
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 6815990000 Other articles of stone or other mineral substances
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7113200000 Jewelry and parts, base metal clad w precious metal
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
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 SCs 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%)