MIRA
INFORM REPORT
|
Report Date : |
03.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
SHRENUJ (JEWELRY OUTSOURCING) LTD |
|
|
|
|
Registered Office : |
K-4, 4FL Kaiser Estate - Phase 2, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
MAY 13, 2006 |
|
|
|
|
Com. Reg. No.: |
1044799 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Trading jewelry
products. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
SHRENUJ (JEWELRY OUTSOURCING) LTD
K-4, 4FL KAISER ESTATE - PHASE 2,
HUNGHOM
TEL: 852-27663800
FAX: 852-27663893
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 13, 2006
REGISTRATION NO. : 1044799
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. VISHAL SHREYAS DOSHI
(MANAGER)
STAFF STRENGTH : 5
CAPITAL : US$ 128,700
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31,
2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: FAIR
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.81325 = US$1 AS OF
2007-2-12
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*
===================
(1)
License number : 1044799
Date issued : 13 May, 2006
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License number : 36752328
Issuing
authority : Business Registration Office
- Inland Revenue Department
Type of
license : Business
*Trading Name*
=============
Although the
company is legally registered by the name listed above, it is commonly known by
the following Trading Name under which it operates locally:
- SHRENUJ JOS LTD
*Corporate &
Organization Structure*
============================
A small company
operated and managed by an experienced team of professionals.
*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*
=================
Shareholders'
Name %. of
shares
---------------------------
-----------------
Vishal Shreyas
Doshi
90.00
Undislosed
Investors 10.00
*Director's
Details*
===============
Nihar Nitin Parikh
*Company Secretary*
=================
RELIABLE COMPUTERS
& ACCOUNTANTS CO LTD
CR no : 0227077
Address : Rm 1321
Date of appointment
: 16 May, 2006
Management: Mr.
Vishal Shreyas Doshi, General Manager
Name Nationality
Job Description
Mr. Vishal Shreyas
Doshi Indian General Manager
*Key Personnel*
============
Vishal Shreyas
Doshi
Founder : Co founder
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials, sales and legal
matters
*Main Products
& Services*
=====================
Specializes in
trading jewelry products.
Products:
Diamonds
Jewelry
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
-------------
Import : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution
Network*
=======================
50% of the annual
turnover is attributed to local sales.
*Export Markets*
=============
50% of the annual
turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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 private
limited company 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 operating 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 7102100000
Diamonds, unsorted
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
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
Importing from
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)