MIRA
INFORM REPORT
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Report Date : |
28.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
EMERALD COLLECTIONS |
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Registered Office : |
RM B2, 11FL Prat Mansion Block B 26-36 Prat Ave
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.11.1997 |
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Com. Reg. No.: |
21378858-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Wholesale trading of precious gemstone |
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
EMERALD COLLECTIONS
RM B2, 11FL PRAT MANSION BLOCK B
26-36 PRAT AVE TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23690302
FAX: 852-23690846
EXECUTIVE SUMMARY
INCORPORATION DATE : NOVEMBER 20, 1997
REGISTRATION NO. : 21378858-000
LEGAL FORM : SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE : MR. NITIN DUSAD (CHAIRMAN)
STAFF STRENGTH : 15
CAPITAL : N/A
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 : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.78611 = 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*
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License number : 21378858-000
Date issued : 20 November, 1997
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
www.emeraldwholesale.com The design is professional and the content is well organized. At present it is in English version.
E-mail: nitin02@netnavigator.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.
*Key Personnel*
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Nitin Dusad
Founder : Sole Founder
National ID number : R1904530
Email address : nitin02@netnavigator.com
Address : Rm B 12Fl Star Mans Minden Row Tsimshatsui Kowloon Hong Kong
Responsibility : Handles the overall management of the company.
Date of appointment : 20 November, 1997
*Main Products & Services*
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Specializes in the following areas of work:
1. Wholesale trading of precious gemstone.
2. Distribution of products to local and international market.
Products: Emeralds
Precious stones
Ruby
Sapphires
Semi precious stones
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Import : Letter of Credit (L/C)
*Imports*
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Products are import from the following locations in Thailand:
- Chantabubi
- Kanchanburi
- Bangkok
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*Subsidiaries, Joint-ventures & Affiliates*
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Owns a lapidaries in Jaipur, India
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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 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 with a 10 year development history.
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
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7103 Precious & semiprec stones, not strung etc
Trading 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or simply sawn or roughly shaped, not strung, mounted or set
Trading 7103910020 Sapphires cut but not set for jewelry
Trading 7103910030 Emeralds cut but not set for jewelry
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to India
Exporting to North America
Exporting to USA
Importing from Asia
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%)