MIRA
INFORM REPORT
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Report Date : |
04.10.2007 |
IDENTIFICATION DETAILS
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Name : |
BEAUTY - DIAM |
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Registered Office : |
Rm 6, 9FL Hart Ave Plaza |
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Country : |
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Date of Incorporation : |
January 15, 1997 |
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Com. Reg. No.: |
20640474-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importing jewelry, watches and precious stones & metals. |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BEAUTY - DIAM
RM 6, 9FL
TSIMSHATSUI
TEL : 852-23664475
FAX : 852-23664076
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 15, 1997
REGISTRATION NO. :
20640474-000
LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. KALA PIYUSH BHAGCHAND (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
IMPORTER
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82391 = US$1 AS OF 2007-7-25
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*
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License number : 20640474-000
Date issued : 15
January, 1997
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form : Sole
Proprietorship
Type of license : Business
license
*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.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in
*Key Personnel*
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Mr. Kala Piyush Bhagchand
Founder : Sole
founder
National ID no : R3632260
Address : Rm 9C Bo Yip
Bldg
Responsibility : Handles the
overall management of the company.
*Main Products & Services*
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Specializes in importing jewelry, watches and precious stones &
metals.
Products: Jewelry
Precious metals
Precious stones
Watches
*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 : 47
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Implication |
Implications |
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1 |
Scores 85100 |
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.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3873 Watches, clocks,
clockwork operated devices, and parts,
Importing 3911 Jewelry, of
precious metal
Importing 3961 Jewelry of
materials other than solid gold, platinum & silver
Importing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7103 Precious
& semiprec stones, not strung etc
Importing 7103104000 Other
precious and semiprecious stones, unworked, simply sawn, shaped
Importing 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7113200000 Jewelry
and parts, base metal clad w precious metal
Importing 7113205000 Jewelry
of base metal clad with precious metal
Importing 7114200060 Articles
of base metal clad with precious metal
Importing 7115900000 Other
articles of precious metal or of metal clad with precious metal
Importing 9101 Watches,
wrist, pocket etc, prec metal or clad case
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from
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 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%)