MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ABEE IMPEX |
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Registered Office : |
Rm 703, 7/F, |
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Country : |
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Date of Incorporation : |
16-4-1991 |
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Com. Reg. No.: |
14399546 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in trading of precious stones |
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 & address
ABEE IMPEX
RM 703, 7/F,
TSIMSHATSUI,
TEL: 852 27238220
FAX: 852 27238330
EXECUTIVE SUMMARY
INCORPORATION DATE : 16-4-1991
REGISTRATION NO. : 14399546
REGISTERED LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : PATEL
BHARATKUMAR JAVRAMBHAI (PARTNER)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL : [IN
ITS CAPITAL PARTICULARS TO BR OFFICE (THE
INLAND
REVENUE)]
PAID-UP CAPITAL : NOT APPLICABLE
BUSINESS LINE : TRADING OF PRECIOUS STONES
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77585 = USD1 AS OF 2006-07-12
The correct address of SC is the heading one
instead of the address given by you.
SC was established under Business Registration number
14399546 on 16-4-1991 with present status as partnership.
Currently obtained BR copy indicate the particulars
of SC's principal(s) are as follows:
Name(s) of principal(s) & ID/Passport number(s) Registered address
- Patel Bharatkumar Javrambhai Flat F,
5/F,
/ G893770 / Indian
- Patel Virendrakumar C/3
Trikamnagar-1,
/ R116931(8) /
No material change or amendment regarding SC has
been traced & noted since its inception.
This section will contain the civil litigations
& winding-up petitions filed against SC for the last 6 years (as stored in
our database), and the mortgage/charge filed by SC for the last 2 years. In
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : In
HONG KONG, unlimited companies are not required to file its charge particulars
for public inspection.
Patel Bharatkumar Javrambhai, partner:
- In his late 50's
- He is by Indian nationality
- Embarked upon his career to present field as a
junior salesman in his early 20's
Currently active in SC's day-to-day operations
& is responsible for its management.
Credit history check : This refers to a check of our database whether the said person
has been involved in any of the following records stored by us within the last
6 years:
Civil litigation as defendants : None
in our database
Bankruptcy/winding-up petitions : None
in our database
Delinquent payment records : None in our
database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Patel Virendrakumar, partner:
- In his mid 50's
- He is by Indian nationality
Currently active in SC's day-to-day operations
& is responsible for its management.
Credit history check : This refers to a check of our database whether the said person
has been involved in any of the following records stored by us within the last
6 years:
Civil litigation as defendants : None
in our database
Bankruptcy/winding-up petitions : None
in our database
Delinquent payment records : None in our
database
Debt collection records : No
overdue amount owed by the said person was placed to us
for
collection
Ownership background appraisal:
Rating : 3 Obtained scores : 58 (see explanatory notes below)
Keys : 1 : scores 81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history &
trade reputation, business experience & track record, market connection and
management skill.
Business categories :
SC is engaged in trading of precious stones.
Items available include diamond, jade, ruby &
other gemstones (for jewellery sets).
Principal purchases :
Major types of sourcing : Precious stones
Local--type of suppliers : Nil
Buying terms :
Nil
Overseas--supplying countries :
Buying terms :
D/A & T/T
Principal market :
Local--type of customers : Nil
Selling terms :
Nil
Overseas--buying countries : USA & Europe
Selling terms :
D/P & T/T
Total number of employees : 2.
Location : Maintaining its
office at the heading business address which occupies a gross area of 500
square feet at a commercial building in a commercial & shopping district.
Condition inside the premises during our visit :
Office/factory layout : Standard.
The premises is rented.
SC's overseas affiliate:
- Vraj Diamond (in
SC is
not known to have any subsidiary at present.
Overall payment appraisal :
( )
Excellent ( ) Good
(X) Average ( ) Fair
( ) Poor (
) Not yet determined
The appraisal serves as a reference to reveal SC's
payments habits and ability to pay. It
is based on the 3 weighed factors: Trade
payment experience (through current enquiry with SC's suppliers), our
delinquent payment records and our debt collection record concerning SC.
Trade payment experience : Owing to the nature of its business, SC is
not an active seeker of local commercial credit since merchandise/materials are
imported. Its expenses in the form of accruals and servicing are reportedly met
in prompt manner.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Banking relations are maintained principally with:
Bank of India
Upon a
current contact, SC's principal(s) declined forwarding any financial
information on the ground that SC is a private venture whose data is not
required for public inspection.
Re: In
SC is considered small-sized in its line locally
with an acceptable base to come into credit dealings of small amount
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 |