MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
AR JEWELS |
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Registered Office : |
Rm 807 Hang Seng Tsimshatsui Bldg |
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Country : |
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Date of Incorporation : |
December 9, 2003 |
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Com. Reg. No.: |
34128698-000 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Wholesale trade
of gems and jewelry. |
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 : |
Usually correct |
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Litigation : |
Clear |
name & address
AR JEWELS
RM 807 HANG SENG TSIMSHATSUI BLDG 18 CARNAVON RD
TSIMSHATSUI
TEL: 852-35719233 FAX: 852-27399672
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 9, 2003
REGISTRATION NO. : 34128698-000
LEGAL FORM : SOLE PROPRIETORSHIP
CHIEF EXECUTIVE : MR. ABDUL WAHID MANSURI
(CHAIRMAN)
STAFF STRENGTH : 7
CAPITAL : N/A
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: FAIR
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.79889 = 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 : 34128698-000
Date issued : 9 December, 2003
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Legal form : Sole Proprietorship
Type of
license : Business
*Reputation*
==========
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.
*Major
Shareholders*
================
Under
*Key Personnel*
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Abdul Wahid Mansuri
Founder : Sole Founder
HKID number : R3012629
Address : 14-A
Responsibility : Handles the overall management of the
company.
*Main Products
& Services*
======================
Specializes in the
wholesale trade of gems and jewelry.
Products:
Diamonds
Gems & jewelry
Tanzanite
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
*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.
*LOCAL BRANCHES
& MANAGEMENT*
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Branch : AR JEWELS
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Branch Address :
Guard Force Centre
Branch Suburb :
Hunghom
*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Maintains
manufacturing facilities in
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 with a development history of 4 years.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
Trading 7103995000
Gemstones otherwise worked not
suitable for use in jewelry
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
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%)