MIRA
INFORM REPORT
|
Report Date : |
16.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
BRIGHT STAR DIAMOND CO LTD |
|
|
|
|
Registered Office : |
4FL, 18, Lane 238, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
MARCH 22, 1999 |
|
|
|
|
Com. Reg. No.: |
16839030 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing
and domestic sales of diamonds. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 15,000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
BRIGHT STAR DIAMOND CO LTD
address
4FL, 18, LANE 238,
TEL : 886-2-27199877
FAX : 886-2-27196652
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 22, 1999
REGISTRATION NO. :
16839030
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MANISH BAMB (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 76,570
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.65691 = 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
TWD –
*Company
Registration*
====================
License
number : 16839030
Date
issued : 22 March, 1999
Issuing
authority : Ministry of Economic Affairs
(MOEA)
*Registered
Office*
==============
Although
the company is operating its main business from the address listed above, the
actual business license is legally registered at:
Address : 2Fl,
*Office
& Facilities*
================
Size : 45 sq. meters (Approx)
Location :
Property
status : Rented
Type of
building : Commercial building
Facilities : Modern facilities
Comment :
Serves as office and warehouse.
*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.
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*
=================
Shareholders'
Name % of Shares
--------------------------- -----------------
Mr.
Manish Bamb
90.00
Undisclosed Inverstors 10.00
Name Nationality Job Description
Mr.
Manish Bamb Indian General Manager
*Key
Personnel*
============
Mr.
Manish Bamb
Founder : Co-founder
Work
experience : More than 5 years
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
*Main
Products & Services*
======================
Specializes
in importing and domestic sales of diamonds.
Products
: Diamonds
Diamonds
non-industrial
*Payment
Terms*
=============
Sales
-------
Local : Cash
30-60 days credit
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following locally based companies supply similar range of products :
-
PLATINUM JEWEL CO
- THAI
FINE GEMS & JEWELRY LTD
- WORLD
SHINER JEWELLERY LTD
- YU PAY
JEWELRY CO
*Local
Distribution Network*
=======================
100% of
the annual turnover is attributed to local sales.
*Export
Markets*
=============
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 : 49
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 with a paid-up capital of less than USD 6 million, there
is no legal requirement according to
*Int´l
Trade Activity (Currency:
===============================
Year Imports Exports
Total
2003 $300,000.00 $0.00
$300,000.00
2004 $200,000.00 $0.00
$200,000.00
2005 $100,000.00 $0.00
$100,000.00
Over the
past 8 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD 15,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3911 Jewelry, of precious metal
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 7102390010
Diamonds non-industrial, (cut,
faceted, not set or mounted) weighing less
than
0.5 carat each
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from
Importing
from
Importing
from
Importing
from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base
with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|