MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GEMORINA (HK) LTD |
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Registered Office : |
Unit 1001, 10FL Guard Force Centre, 3 Hok Yuen St Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
September 15, 2000 |
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Com. Reg. No.: |
0731209 |
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Legal Form : |
Private |
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Line of Business : |
Trading of diamonds. |
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 |
name & address
GEMORINA (HK) LTD
UNIT 1001, 10FL GUARD FORCE CENTRE
3 HOK YUEN ST HUNGHOM KOWLOON, HONG KONG.
TEL : 852-27219804
FAX : 852-27214863
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 15, 2000
REGISTRATION NO. :
0731209
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ASHUTOSH BHARGAVA (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79936 = 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*
==================
(1)
License number : 0731209
Date issued : 15 September,
2000
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 31249835-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
1,000,000.00
Paid-up capital : HKD 10.00
divided into 10 ordinary shares
*Office & Facilities*
================
Other e-mail add :
ashu@gemorina.com
Previous address : 906 Hang Seng Bank Bldg 18 Carnarvon Rd Tsimshatsui
Kowloon
*Corporate & Organization Structure*
===========================
A family-owned and operated business.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Ashutosh Bhargava can sign on behalf of the company with seal
affixed.
*Registrar*
=========
CHAMPION CORPORATE LTD
www.gemorina.com SC’s website is unable to
be landed at present for the technical reason.
E-mail: gemorina@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 10
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
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-------------------------------
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Ashutosh Bhargava
8 8.00 80.00
Renuka Bhargava
2 2.00 20.00
*Directors' Details*
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(1)
Renuka Bhargava
HKID no. : K971964(4)
Address : Flat 89, 7Fl Hannover
Court 85-91 Waterloo Rd, Kowloon Tong, Kowloon Hong Kong
(2)
Prem Bhargava
HKID no. : P528349(7)
Address : Flat 89, 7Fl
Hannover Court 85-91 Waterloo Rd Hong Kong
*Company Secretary*
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Renuka Bhargava
HKID no. : K971964(4)
Address : Flat 89, 7Fl Hannover
Court 85-91 Waterloo Rd, Kowloon Tong, Kowloon Hong Kong
*Key Personnel*
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Ashutosh Bhargava
HKID no. : P055266(A)
Address : Flat 89, 7Fl
Hannover Court 85-91 Waterloo Rd Hong Kong
Responsibility : Handles the
overall management of the company
*Main Products & Services*
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Specializes in trading of diamonds.
Products: Diamonds
Single-cut
diamond
*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 : 4 OBTAINED SCORES :
48
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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 private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116201000 Jewelry
of precious or semiprecious stones
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%)