MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NR GEM EXPORTS |
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Registered Office : |
Rm D 9FL |
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Country : |
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Date of Incorporation : |
May 10, 1995 |
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Com. Reg. No.: |
19093280 |
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Legal Form : |
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Line of Business : |
Importing and exporting of diamonds and gem stones and other related
jewelries. |
RATING & COMMENTS
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MIRAs 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 & address
NR GEM EXPORTS
RM D 9FL LISING COURT
TSIMSHATSUI
TEL : 852 23013888
FAX : 852 23127888
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 10, 1995
REGISTRATION NO. :
19093280
CHIEF EXECUTIVE :
MR. MUKESH BABULAL MODI (PARTNER)
STAFF STRENGTH :
5
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 :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.75358 = 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
*Company Registration*
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License number : 19093280
Date issued : 10 May,
1995
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form :
Partnership
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.
E-mail : nisham9@yahoo.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Mukesh Babulal Modi
Nimisha Mukesh Modi
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Mukesh Babulal Modi Indian
Partner
Mrs. Nimisha Mukesh Modi Indian
Partner
*Key Personnel*
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Mukesh Babulal Modi
National ID no : K8738351
Address : Rm A
7Fl
Date of appointment : 1 October, 1997
Nimisha Mukesh Modi
National ID no :
K8738378
Address : Rm G
13Fl
Date of appointment : 10 May, 1995
*Main Products & Services*
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Specializes in importing and exporting of diamonds and gem stones and other
related jewelries.
Products : Diamonds
Gemstones
Jewelry
Precious
metals
Precious
stones
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 partnership firm 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 12 years history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut
stone and stone products
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 7102100000 Diamonds,
unsorted
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7112900000 Precious
metal waste and scrap
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7116204050 Articles
of precious or semiprecious stones, not jewelry
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Watches
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
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. |
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%)