MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
PUJA EXPORTS |
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Registered Office : |
Flat F 14fl |
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Country : |
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Date of Incorporation : |
April 8, 1997 |
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Com. Reg. No.: |
20810623 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading a range of gems and jewelry. Sales and distribution to export market. |
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 : |
Slow |
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Litigation : |
Clear |
NAME &
ADDRESS
PUJA EXPORTS
FLAT F 14FL
SOUTH TSIM SHA TSUI NEW TERRITORIES
TEL : 852-23119628
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 8, 1997
REGISTRATION NO. :
20810623
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
Mr. Mitesh Chunilal Gajera (Managing
Director)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.81506 = US$1 AS OF 2007-7-5
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 : 20810623
Date issued : 8 April,
1997
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
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Due to the lack of any third party references and the small nature of
the company's business, we were unable
to establish the level of the firm's reputation within the respective industry.
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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Vipulkumar Manubhai Patel
Mitesh Chunilal Gajera
Management: Mr. Mitesh Chunilal
Gajera, Managing Director
Mr. Vipulkumar Manubhai Patel, Partner
Name Nationality
Job Description
Mr. Mitesh Chunilal Gajera Indian Managing
Director
Mr. Vipulkumar Manubhai Patel
*Key Personnel*
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(1)
Vipulkumar Manubhai Patel
Founder :
Co-Founder
National ID number : ZZ4672304
Address : 2Fl
(2)
Mitesh Chunilal Gajera
Founder :
Co-Founder
National ID number : ZZ5208911
Address : 50
Vishnu Nagar Soc New AK Rd Ankurchar Rasta Varachha Surat Gujarat 395008
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading a range of gems and
jewelry.
2. Sales and distribution to
export market.
Products: Gems
Jewelry
Precious metal
Precious
stones
*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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Local : Cash or credit
*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 : 40
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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, no official financial statement is required to be
publicly disclosed.
The company has been unwilling to reveal any details of its business operations
and no further information is available through any official public on this
company.
In the absence of any information on this company, we suggests caution
is exhibited by third parties offering credit or trade financing for this
company.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3961 Jewelry of materials other than
solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Exporting 7113 Articles
of jewelry & parts, of precious metal or clad
Exporting 7116 Articles of natural or cut pearls,
prec/semprc stones
Exporting 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
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%)