MIRA
INFORM REPORT
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Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PRINCESS JEWELLERY CO |
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Registered Office : |
Rm 1101-02, 11fl Cammer Commercial Bldg |
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Country : |
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Date of Incorporation : |
March 23, 2002 |
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Com. Reg. No.: |
32462907 |
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Legal Form : |
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Line of Business : |
Importing or materials. Trading of diamond products. Sales and distribution to local and international markets. |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
PRINCESS JEWELLERY CO
RM 1101-02, 11FL CAMMER COMMERCIAL BLDG 30-32 CAMERON RD
TSIMSHATSUI
TEL : 852 27214200
FAX : 852 23167695
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 23, 2002
REGISTRATION NO. :
32462907
CHIEF EXECUTIVE :
MR. HEMANT SUPARASH JAIN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,287
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81718 = US$1 AS OF 2007-7-2
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 : 32462907
Date issued : 23 March,
2002
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Previous address : Rm 02 & 03, 13Fl Tern Plaza Tsimshatsui Kowloon
Hong Kong
*Corporate & Organization Structure*
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A small-sized company operated and managed by an experienced team of
professionals.
*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 : venusjewels@hotmail.com
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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Partners' Name
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Mr. Hemant Suparash Jain
Mr. Pankaj Jain
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Hemant Suparash Jain Indian
Partner
Mr. Pankaj Jain Indian
Partner
*Key Personnel*
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Mr. Hemant Suparash Jain
Founder :
Co-founder
HKID no :
ZZ4008331
Address :
A-11-604 Siddharth Nagar Opp Bhor Borivali (East) Mumbai (
Maharashtra
Work experience : More
than 5 years
Responsibility :
Handles the daily operation of the firm including all financial and legal
matters.
Date of appointment : 1 August,
2004
Mr. Pankaj Jain
HKID no :
ZZ4471198
Address :
12Fl
Date of appointment : 1 August,
2005
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing or materials.
2. Trading of diamond products.
3. Sales and distribution to local and international markets.
Products : Diamonds
Jewelry
Jewelry &
accessories
*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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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% 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 partnership firm 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 short history.
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 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
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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This score serves as a reference to assess SCs credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)