MIRA
INFORM REPORT
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Report Date : |
18.01.2007 |
IDENTIFICATION DETAILS
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Name : |
UNI DIAM |
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Registered Office : |
Rm 1207, 12FL |
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Country : |
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Date of Incorporation : |
FEBRUARY 28, 2003 |
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Com. Reg. No.: |
33385023-000 |
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Legal Form : |
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Line of Business : |
Trading
of gems and jewelry 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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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
UNI DIAM
RM 1207, 12FL
TSIMSHATSUI
TEL : 852 27232244
FAX : 852
27232254
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 28, 2003
REGISTRATION NO. :
33385023-000
CHIEF EXECUTIVE :
MR. RITESH RAICHAND HIRAWAT (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 :
FAIR
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.79644 = US$1 AS OF 2007-1-15
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 : 33385023
Date
issued : 28 February, 2003
Issuing
authority : Business Registration Office
- Inland Revenue Dept
*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.
E-mail :
unidiam@rediffmail.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Under
Name Nationality
Job Description
Mr.
Ritesh Raichand Hirawat Indian General Manager
*Key
Personnel*
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Mr.
Ritesh Raichand Hirawat
Founder : Sole founder
HKID
no. : R171961A
Address : Rm C 8Fl
Working
experience : More than 5 years
Responsibilities : Handles the overall management of
the company
*Main
Products & Services*
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Specializes
in trading of gems and jewelry products.
Products
: Fancy diamonds
Gems
Loose
diamonds
Jewelry
Fancy diamonds
*Payment
Terms*
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Sales
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Local : Cash
30-60 days 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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99% of
the annual turnover is attributed to local sales.
*Export
Markets*
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1% of
the annual turnover is attributed to export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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 financial.
SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD10,000 appears to be within
SCs capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3911
Jewelry, of precious metal
Importing 3961
Jewelry of materials other
than solid gold, platinum & silver
Importing 5094
Jewelry/Watches/Precious
Mtl
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
Importing 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Importing 7103
Precious & semiprec
stones, not strung etc
Importing 7103991000
Gemstones, cut but not set suitable
for use in jewelry
Importing 7113
Articles of jewelry &
parts, of precious metal or clad
Importing 7116
Articles of natural or cut
pearls, prec/semprc stones
Importing 7116201000
Jewelry of precious or semiprecious
stones
Trading 7100
Pearls, stones, prec.
metals, imitation jewelry, coins
Trading 7103
Precious & semiprec
stones, not strung etc
Trading 7103991000
Gemstones, cut but not set suitable
for use in jewelry
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Loose
diamonds
Trading Jewelry
Trading Gems
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to
Importing
from
Importing
from
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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