MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GEM DE ORIENT |
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Registered Office : |
Rm A-1, 13fl Hankow Centre 47 Peking Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
-- |
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Com. Reg. No.: |
32334047-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading
diamond 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 : |
Moderate
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name
GEM DE ORIENT
address
RM A-1, 13FL HANKOW CENTRE 47 PEKING RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL : 852-25211403
FAX : 852-28681956
EXECUTIVE SUMMARY
INCORPORATION
DATE : N/A
REGISTRATION
NO. : 32334047-000
LEGAL
FORM :
PARTNERSHIP
CHIEF
EXECUTIVE : MR. MUJEEB
(CHAIRMAN)
STAFF
STRENGTH : 3
CAPITAL : US$ 1,287
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 : FAIRLY STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79741 =
US$1 AS OF 2007-1-11
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 : 32334047-000
Date
issued : N/A
Issuing
authority : Business Registration
Office - Inland Revenue Dept
*Corporate
& Organization Structure*
============================
A small
sized 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.
www.stylewatch.com/gemde SC’s website is unable to be landed at present for
the technical reason.
E-mail: gdo@netvigator.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Partners'
Name % of
Shares
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Mr.
Mujeeb
90.00
Undisclosed
investors 10.00
Management:
Mr. Mujeeb, General Manager
Name Nationality Job Description
Mr.
Mujeeb Indian General Manager
*Key
Personnel*
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Mr. Mujeeb
Founder : Co-founder
Responsibility
: Handles the daily operation of the firm including all financial, sales and
legal matters.
*Main Products
& Services*
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Specializes
in trading diamond products.
*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 : 49
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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
partnership firm 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. Credit
dealings with SC in small amount appears acceptable.
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
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Importing
from Asia
Importing
from Belgium
Importing
from Europe
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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