MIRA
INFORM REPORT
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Report Date : |
28.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
GURU KRIPA INTERNATIONAL |
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Registered Office : |
Flat D 12FL South Sea Apartment 81 Chatham Rd Tsimshatsui South Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.05.2006 |
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Com. Reg. No.: |
36764959 |
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Legal Form : |
Partnership |
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Line of Business : |
Local purchase and import of trading jewelry 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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address
GURU KRIPA INT'L
FLAT D 12FL SOUTH SEA APARTMENT 81 CHATHAM RD
TSIMSHATSUI SOUTH KOWLOON, HONG KONG.
TEL: 852-61915554
FAX: 852- 23320945
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 18, 2006
REGISTRATION NO. : 36764959
LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : MR. D. SAURABH (PARTNER)
STAFF STRENGTH : 10
CAPITAL : N/A
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT : FAIR
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.78405= 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
*Reputation*
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Due to the recent establishment of the firm, and the relatively small nature of it's business, no meaningful points of reference in terms of reputation within the respective industry was possible.
SC is not known to host website of its own at present.
E-mail: dsaurabh27@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Partners' Name
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Kavita Gurmukhdas Hemnani
D. Saurabh
Management: Mr. D. Saurabh, Partner
Name Nationality Job Description Dept. / Division
Mr. D. Saurabh Indian Partner -
*Key Personnel*
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Kavita Gurmukhdas Hemnani
National ID number : XG4682878
Address : Flat D 12Fl South Sea Apartment 81 Chatham Rd Tsimshatsui South Kowloon Hong Kong
Date of appointment : 18 May, 2006
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase and import of trading jewelry products.
2. Sales and distribution of products to local market.
Products: Diamonds
Gems
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's activity is concentrated on local sales only.
SC is not known to
have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
35
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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 company there is no legal requirement according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Tsimshatsui Kowloon
Swift code : HSBCHKHH
SC is considered small-sized in its line with a short history. Credit dealings with SC are recommended under secured terms at present
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3911 Jewelry, of precious metal
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7113 Articles of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from China
Importing from India
Importing from Thailand
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. |
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%)