MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRISTINE TRADERS |
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Registered Office : |
Flat 13A, 13FL Oceanview Court 21-23
Chatham Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.07.2005 |
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Com. Reg. No.: |
35701570 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Trading
jewelry and 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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Status : |
New
Company |
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
name
PRISTINE TRADERS
address
FLAT 13A, 13FL OCEANVIEW COURT 21-23 CHATHAM RD
TSIMSHATSUI KOWLOON HONG KONG,
TEL: 852-23669269
FAX: 852-27242912
EXECUTIVE SUMMARY
INCORPORATION
DATE : JUNE 7, 2005
REGISTRATION
NO. : 35701570
LEGAL
FORM : SOLE
PROPRIETORSHIP
CHIEF
EXECUTIVE : MR. KRUNAL
JAGATKUMAR SHAH (CHAIRMAN)
STAFF
STRENGTH : 4
CAPITAL : US$ 12,870
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 : N/A
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79625=
US$1 AS OF 2007-1-9
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*
===================
License
number : 35701570
Date
issued : 7 June, 2005
Issuing
authority : Business Registration
Office
Type of
license : Business
*Corporate
& Organization Structure*
============================
A small
sized company mainly 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: glorylight@hotmail.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
================
Under
the Hong Kong corporate law, there is no existing "shareholder" in a
sole proprietorship.
Management:
Mr. Krunal Jagatkumar Shah, General Manager
Name Nationality
Job Description
Mr.
Krunal Jagatkumar Shah Indian General Manager
*Key
Personnel*
=============
Krunal
Jagatkumar Shah
Founder : Sole Founder
HKID
No : ZZ4202197
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the
firm including all financials and legal matters.
Address : Flat 13A, 13Fl Ocean View
Court 21-23 Chatham Rd Tsimshatsui Kowloon Hong
Kong
*Main
Products & Services*
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Specializes
in trading jewelry and diamonds.
Products:
Diamonds
Jewelry
Diamonds
Jewelry
*Payment
Terms*
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Sales
------
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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90% of
the annual turnover is attributed to local sales.
*Export
Markets*
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10% 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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Rating Key |
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 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
Importing 3911
Jewelry, of precious metal
Importing 3961
Jewelry of materials other
than solid gold, platinum & silver
Importing 5094
Jewelry/Watches/Precious
Mtl
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
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7102100000
Diamonds, unsorted
Importing 7113
Articles of jewelry &
parts, of precious metal or clad
Importing 7113110000
Jewelry and parts thereof, of silver
Importing 7113200000
Jewelry and parts, base metal clad w
precious metal
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 7113110000
Jewelry and parts thereof, of silver
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Thailand
Exporting
to Vietnam
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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