MIRA
INFORM REPORT
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Report Date : |
20th
January, 2007 |
IDENTIFICATION DETAILS
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Name : |
JEWEL CREATION |
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Registered Office : |
Rm 1709-10, 17fl |
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Country : |
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Date of Incorporation : |
21.12.2002 |
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Com. Reg. No.: |
33226532-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in trading diamonds and other related products. |
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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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
JEWEL CREATION
RM 1709-10, 17FL
SOUTH TSIMSHATSUI
TEL : 852-29578149
FAX : 852-29578194
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 21, 2002
REGISTRATION NO. :
33226532-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. MANISHKUMAR MADH SUKHADIYA (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.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD7.80859 = US$1 AS OF 2007-1-19
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*
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License number : 33226532-000
Date issued : 21 December, 2002
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner.
*Reputation*
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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
Based on corporate filing regulations for this type of entity in
Management: Mr. Manishkumar Madh Sukhadiya, General Manager
Name Nationality Job Description
Mr. Manishkumar Madh Sukhadiya Indian
General Manager
*Key Personnel*
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Manishkumar Madh Sukhadiya
Founder :
Sole Founder
HKID no. :
ZZ5167859
Address : Flat A 3Fl Southsea Mans
Work experience : More
than 5 years
Responsibilities :
Handles the overall operation of the firm including all financials and legal
matters.
*Main Products & Services*
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Engaged in trading diamonds and other related products.
Products: Diamonds
Jewelry
*Payment Terms*
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Sales
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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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There is no record of local sales since the prime focus of the
firm's activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export.
SC is not known to have any subsidiary
at present.
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 locally with a short
operating history. Credit dealings with SC in small amount can be considered.
ATTACHED: TRADE
REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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
Trading 7102 Diamonds, worked or not, not mounted or set
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7113200000 Jewelry and parts, base metal clad w precious metal
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
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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