MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRECIOUS
TRADES |
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Registered Office : |
Rm 7b
Kok Pah Mansion 58-60 Cameron Rd, Tsimshatsui Kowloon |
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Country : |
Hong
Kong |
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Date of Incorporation : |
26.02.1988 |
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Com. Reg. No.: |
11635107-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importing and domestic sales 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/normal. |
Small |
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Maximum Credit Limit : |
USD3,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
PRECIOUS TRADES
RM 7B KOK
PAH MANSION 58-60 CAMERON RD
TSIMSHATSUI
KOWLOON, HONG KONG
TEL: 852
27221215 FAX: NA
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 26, 1988
REGISTRATION NO. :
11635107-000
CHIEF EXECUTIVE :
MR. RAVISH JAIN (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,284
BUSINESS LINE :
IMPORTER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 3,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.78462 = US$1 AS OF 2006-11-13
*Company Registration*
===================
License number
: 11635107-000
Date issued : 26
February, 1988
Issuing authority
:
Inland Revenue Department
Type of license
: Business
*Corporate & Organization Structure*
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A small-sized company operated and managed by the
owner.
*Reputation*
==========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
E-mail :
jieash@nevigator.com
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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Under Hong Kong
corporate law, there is no existing "shareholder" in a sole proprietorship.
Name Nationality
Job Description
Mr. Ravish Jain Indian General Manager
*Key Personnel*
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Mr. Ravish Jain
Founder : Sole
Founder
Passport no.
: K9897968
Address : SP 8
Bhabma Marg, Jaipur, 302004 India
Responsibilities
: Handles the overall
management of the company
Work experience :
More than 15 years
*Main Products & Services*
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Specializes in importing and domestic sales of
diamonds.
Products : Diamonds
*Payment Terms*
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Sales
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Local :
Cash
30-60 days credit
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*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 : 45
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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 sole proprietorship 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 favorable market
conditions. It is considered a credit line up to USD3,000 appears to be within
SC’s capacities.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Importing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7102100000 Diamonds, unsorted
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/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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