MIRA
INFORM REPORT
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Report Date : |
22.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KRISHNA JEWELS |
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Registered Office : |
Rm C, 8/F, Windsor Mansion, 29-31 Chatham Rd, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
8-7-2003 |
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Com. Reg. No.: |
33736878 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & export of diamond & jewellery products. |
RATING &
COMMENTS
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MIRA’s 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 : |
Regular |
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Litigation : |
Clear |
name & address
KRISHNA JEWELS
RM C, 8/F, WINDSOR MANSION, 29-31 CHATHAM RD,
TSIMSHATSUI, KOWLOON, HONG KONG.
TEL : 852 27238220 / 27230004
FAX : 852 27238330
EXECUTIVE SUMMARY
INCORPORATION DATE :
8-7-2003
REGISTRATION NO. :
33736878
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : DALAVI LAXMAN DATTARAM (SOLE PROPRIETOR)
STAFF STRENGTH :
2 (SHARING WITH ITS BUSINESS PARTNER)
AUTHORIZED CAPITAL : [IN HK, UNLIMITED COS. ARE NOT REQUIRED TO FILE ITS
CAPITAL
PARTICULARS TO BR OFFICE (THE INLAND REVENUE)]
PAID-UP
CAPITAL : NOT
APPLICABLE
BUSINESS LINE :
IMPORT & EXPORT OF DIAMOND & JEWELLERY PRODUCTS
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81472 = USD1
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
The correct phone no. of SC is the heading one instead of the no. given
by you.
SC was established under Business Registration number 33736878 on
8-7-2003 with present status as sole proprietorship.
Currently obtained BR copy indicate the particulars of SC's principal(s)
are as follows:
Name(s) of principal(s) & ID/Passport
number(s) Registered
address
- Dalavi Laxman Dattaram / E563313(1) At 8 Post Anjani
Tal-Khed-Dtst-
Ratnagiri
M.S. India.
Change in principal(s):
Name(s) of admitted partner(s) Joining
date
Dalavi Laxman Dattaram 4-7-2006
Name(s) of retired partner(s) Leaving
date
Sankdasaria Nilesh Karshan Bhai 11-7-2006
Total number of employees : 2
(sharing with its business partner).
Location : Maintaining
its office at the heading business address which occupies a gross area of 800
square feet at a commercial building in a commercial & residential
district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
Property ownership : Current land search indicates the ownership details
of the captioned premises as follows:
- Owner(s) : Patel Bharatkumar Jairambhai (partner of Abee Impex)*
- Date of purchase & consideration : 15-5-2000 / HK$2.2M
- Date of mortgage & secured amount : 5-6-2000 / ANS
- Mortgagee : Pacific Finance (HK) Ltd.
Dalavi Laxman Dattaram, sole proprietor: He is by Indian nationality
Currently active in SC's day-to-day operations & is responsible for
its management.
Credit history check : This refers to a check of our database whether the said person has been involved in any of the following stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 58 (see explanatory notes
below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Ms. Pedel, SC's administrator, declined
forwarding any financial information on the ground that it is the company's
policy not releasing any data to a third party without the benefit of knowing
the identity of the inquiring party.
Banking relations are maintained principally with: Bank of India &
HSBC.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database), and
the mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up petitions : None in our database.
Mortgage/charge record(s) : In HK, unlimited companies are not required
to file its charge particulars for public inspection.
Overall payment appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Delinquent
payment record : None in our database.
Debt
collection record : No overdue
amount owed by SC was placed to us for collection within the last 6 years.
Business categories :
SC is engaged in import & export of diamond & jewellery
products.
Items available include diamond (including precious & semi-precious
stones, ruby, pearl, gemsets, etc.) & jewellery products (including
bracelets, necklaces, rings, earrings, pendants, brouches, etc.)
Principal purchases :
Major
types of sourcing :
Merchandise
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : India (major), SE Asia, S.
Africa & Europe
Buying
terms : L/C
& T/T
Principal market :
Local--type
of customers : Nil
Selling
terms : Nil
Overseas--buying
countries : PR China
Selling
terms : L/C &
T/T
Jointly occupying the premises with the below associated co.
Business Partner
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- Name: Abee Impex*
- Year established: 1991
- Business nature: Similar to SC
- Address: Same as heading
business address
- Civil litigation & winding-up petition records: None in our database
SC is considered small-sized in its line locally.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
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 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%)