MIRA
INFORM REPORT
|
Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
BRIGHT GEMS |
|
|
|
|
Registered Office : |
Rm 8, 6FL Heng Ngai Jewelry Centre |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
September 17, 1988 |
|
|
|
|
Com. Reg. No.: |
12147585 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Trading coloured precious stones.
|
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
BRIGHT GEMS
RM 8, 6FL HENG NGAI JEWELRY CENTRE
TEL : 852 27393273
FAX : 852 23120587
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 17, 1988
REGISTRATION NO. :
12147585
CHIEF EXECUTIVE :
MR. MARSHAL JAIN (CHAIRMAN)
STAFF STRENGTH :
5
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 7.81457 = US$1 AS OF 2007-6-22
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 : 12147585
Date issued : 17
September, 1988
Issuing authority : Business Registration
Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
==================
Previous Contact Details
-----------------------------------
Address : Rm 1308,
Date of relocation : December 2006
*Corporate & Organization Structure*
=============================
A family-owned and managed business.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail : brightgems@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.
*Major Shareholders*
=================
Total number of shareholder : 2
Partners' Name %
of Shares
--------------------
----------------
Mr. Marshal Jain
50.00
Mr. Sandeep Jain
50.00
*Company Directors*
=================
Based on corporate filing regulations for
this type of entity in
*COMPANY MANAGEMENT*
=========================
Name Nationality
Job Description
Mr. Marshal Jain Indian Partner
Mr. Sandeep Jain Indian Partner
*Key Personnel*
=============
Mr. Marshal Jain
HKID no :
P0068237
Address :
Flat A 10Fl Hankow
Date of appointment : 20 March,
1990
Mr. Sandeep Jain
HKID no :
ZZ519337A
Address :
Plot 1 Ramgali 1
Date of appointment : 1 October,
2002
*Main Products & Services*
======================
Specializes in trading coloured precious stones.
Products : Gemstones
Polished
emeralds
Polished
rubies
Polished
sapphire
*Payment Terms*
=============
Sales
------
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
Majority of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
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 partnership firm 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 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 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
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%)