MIRA
INFORM REPORT
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Report Date : |
13.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHRENUJ (JEWELRY OUTSOURCING) LTD |
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Registered Office : |
K-4, 4FL Kaiser Estate - Phase 2, 51 Man
Yue St, Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
MAY
13, 2006 |
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Com. Reg. No.: |
1044799 |
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Legal Form : |
Private |
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Line of Business : |
Trading
jewelry products. |
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/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name & address
SHRENUJ (JEWELRY OUTSOURCING) LTD
K-4, 4FL KAISER ESTATE - PHASE 2, 51 MAN YUE ST
HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27663800
FAX: 852-27663893
EXECUTIVE SUMMARY
INCORPORATION
DATE : MAY 13, 2006
REGISTRATION
NO. : 1044799
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. VISHAL
SHREYAS DOSHI (MANAGER)
STAFF
STRENGTH : 5
CAPITAL : US$ 128,700
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : SMALL AMOUNT
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIR
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.81325 =
US$1 AS OF 2007-2-12
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 : 1044799
Date
issued : 13 May, 2006
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License
number : 36752328
Issuing
authority : Business Registration
Office - Inland Revenue Department
Type of
license : Business
*Trading
Name*
=============
Although
the company is legally registered by the name listed above, it is commonly
known by the following Trading Name under which it operates locally:
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SHRENUJ JOS LTD
*Corporate
& Organization Structure*
============================
A small
company operated and managed by an experienced team of professionals.
*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.
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Shareholders'
Name %. of shares
---------------------------
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Vishal
Shreyas Doshi 90.00
Undislosed
Investors 10.00
*Director's
Details*
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Nihar
Nitin Parikh
India
passport no : F4759248
*Company
Secretary*
=================
RELIABLE
COMPUTERS & ACCOUNTANTS CO LTD
CR
no : 0227077
Address : Rm 1321 Hollywood Plaza
610 Nathan Rd Mongkok Kowloon Hong Kong
Date of
appointment : 16 May, 2006
Management:
Mr. Vishal Shreyas Doshi, General Manager
Name Nationality
Job Description
Mr.
Vishal Shreyas Doshi Indian General Manager
*Key
Personnel*
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Vishal
Shreyas Doshi
India
passport no : F4200428
Founder : Co founder
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal
matters
*Main
Products & Services*
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Specializes
in trading jewelry products.
Products:
Diamonds
Jewelry
*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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Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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50% of
the annual turnover is attributed to local sales.
*Export
Markets*
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50% of
the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
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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 operating 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 3911 Jewelry,
of precious metal
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 7102100000
Diamonds, unsorted
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
Trading 7113205000
Jewelry of base metal clad with
precious metal
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to USA
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/normal. |
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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