MIRA
INFORM REPORT
|
Report Date : |
21.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
OCEAN DIAMONDS |
|
|
|
|
Registered Office : |
Flat A5, 10FL Hankow Centre - Block A 47 Peking Rd
Tsimshatsui Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
May 1, 2001 |
|
|
|
|
Com. Reg. No.: |
31769598-000 |
|
|
|
|
Legal Form : |
Sole-Proprietorship |
|
|
|
|
Line of Business : |
Engaged in trading diamonds and related jewelry products. |
RATING &
COMMENTS
|
MIRA’s 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
OCEAN DIAMONDS
FLAT A5, 10FL HANKOW CENTRE - BLOCK A
47 PEKING RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23666135
FAX:N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
1, 2001
REGISTRATION NO. :
31769598-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. MEHUL GIRISHBHAI TANNA (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : AVERAGE
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82649 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –Hong Kong Dollars
*Company Registration*
===================
License number : 31769598-000
Date issued : 1 May,
2001
Issuing authority : Inland
Revenue Department
Type of license :
Business
*Office & Facilities*
================
Other tel no : 23116353
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: ssint@netvigator.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
Management: Mr. Mehul Girishbhai Tanna, General Manager
Name Nationality
Job Description
Mr. Mehul Girishbhai Tanna Indian
General Manager
*Key Personnel*
=============
Mehul Girishbhai Tanna
Founder :
Sole Founder
HKID No :
R2518146
Address :
Flat B 8Fl Kam Ma Bldg 16 Cameron Rd Hong Kong
Mobile no :
92092470
Work Experience : More
than 5 years
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
=====================
Engaged in trading diamonds and related jewelry products.
Products: Diamonds
Jewelry
Precious metal
Precious
stones
Watches
*Payment Terms*
==============
Sales
-------
Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or credit
*Local Distribution Network*
=======================
Part 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 : 4 OBTAINED SCORES : 46
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
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.
*Financials*
=========
As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
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 7114200060 Articles
of base metal clad with precious metal
Trading 7115 Articles
of or clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7116204050 Articles
of precious or semiprecious stones, not jewelry
Trading 9100 Clocks
& watches & parts thereof
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
Trading 9102 Watches,
wrist, pocket etc, case not prec nor clad
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
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 SC’s 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%)