MIRA
INFORM REPORT
|
Report Date : |
16.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
GEM DIAMOND CORP |
|
|
|
|
Registered Office : |
Flat F 21FL |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
July 21, 1979 |
|
|
|
|
Com. Reg. No.: |
06171990-000 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Importing wide range of cut & polished diamonds in different
varieties. Sales and distribution to local and export markets. |
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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
name &
address
GEM DIAMOND CORP
FLAT F 21FL
TSIMSHATSUI
TEL : 852 23760640
FAX : 852 23761559
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 21, 1979
REGISTRATION NO. :
06171990-000
CHIEF EXECUTIVE :
MR. ASHWIN KUMAR (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8205 = US$1 AS OF
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*
===================
License number : 06171990-000
Date issued : 21 July,
1979
Issuing authority : Business
Registration Office - Inland Revenue Dept
*Office & Facilities*
================
Other tel no. : 23761693
Previous contact details
---------------------------------
Address : Flat 9E
Bo Yip Bldg
Year of relocation : 2006
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail : gemdiam@netvigator.com
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Shareholders*
============
Based on corporate filing regulations for
this type of entity in
*COMPANY MANAGEMENT*
=========================
Name Nationality
Job Description
Mr. Ashwin Kumar
*Key Personnel*
=============
Ashwin Kumar
Founder : Sole founder
HKID number :
K7550871
Address : Rm
9E Bo Yip Bldg
Responsibilities :
Handles the overall operation of the firm.
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing wide range of cut & polished diamonds in different
varieties.
2. Sales and distribution to local and export markets.
Products : Cut diamonds
Diamonds
Fancy
diamonds
Polished
diamonds
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
====================
Exhibition fair : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Dates attended : 6-10 March, 2007
Location :
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
================================
Maintains manufacturing facility in
PAYMENT RATING : 3 OBTAINED SCORES : 53
|
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 sole proprietorship company there is no legal requirement according
to local corporate law for public disclosure of detailed financials.
SC is considered an old-established business in small size.
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 7103 Precious
& semiprec stones, not strung etc
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7116205000 Articles
of precious or semiprecious or synthetic stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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%)