MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
AR JEWELS |
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Registered Office : |
Rm 807 Hang Seng Tsimshatsui Bldg |
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Country : |
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Date of Incorporation : |
DECEMBER
9, 2003 |
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Com. Reg. No.: |
34128698-000 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Wholesale
trade of gems and jewelry. |
RATING & COMMENTS
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MIRAs 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 : |
Up To
USD 10,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name & address
AR JEWELS
RM 807 HANG SENG TSIMSHATSUI BLDG 18 CARNAVON RD
TSIMSHATSUI
TEL: 852-35719233 FAX: 852-27399672
EXECUTIVE SUMMARY
INCORPORATION
DATE : DECEMBER 9, 2003
REGISTRATION
NO. : 34128698-000
LEGAL FORM : SOLE PROPRIETORSHIP
CHIEF
EXECUTIVE : MR. ABDUL
WAHID MANSURI (CHAIRMAN)
STAFF
STRENGTH : 7
CAPITAL : N/A
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIR
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79889 =
US$1 AS OF 2007-1-12
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company
Registration*
===================
License
number : 34128698-000
Date
issued : 9 December, 2003
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Legal
form : Sole Proprietorship
Type of
license : Business
*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*
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Under
*Key
Personnel*
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Abdul
Wahid Mansuri
Founder : Sole Founder
HKID
number : R3012629
Address : 14-A
Responsibility : Handles the overall management of the
company.
*Main
Products & Services*
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Specializes
in the wholesale trade of gems and jewelry.
Products:
Diamonds
Gems & jewelry
Tanzanite
*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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Local : Cash or Credit
*Local
Distribution Network*
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Part of
the annual turnover is attributed to local sales.
*Export
Markets*
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Part of
the annual turnover is attributed to export.
*LOCAL
BRANCHES & MANAGEMENT*
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Branch :
AR JEWELS -
Branch
Address : Guard Force Centre
Branch
Suburb : Hunghom
*Subsidiaries,
Joint-ventures & Affiliates*
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Maintains
manufacturing facilities in
PAYMENT RATING : 4 OBTAINED SCORES : 47
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Implication |
Implications |
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1 |
Scores 85100 |
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 a development history of 4 years.
Credit dealings with SC in small amount can be considered.
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 7102100000
Diamonds, unsorted
Trading 7103995000
Gemstones otherwise worked not
suitable for use in jewelry
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting
to
Exporting
to
Exporting
to
Importing
from
Importing
from
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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