MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
INFINITY DIAMONDS MFG LTD |
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Registered Office : |
Unit 904, 9FL Guard Force Centre 3 Hok Yuen St, East
Hunghom |
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Country : |
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Date of Incorporation : |
March 27, 2003 |
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Com. Reg. No.: |
0843230 |
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Legal Form : |
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Line of Business : |
Importing of bracelet, earrings, necklaces, rings and other related
products. Domestic and international sales of imported products. |
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/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
NAME &
ADDRESS
INFINITY DIAMONDS MFG LTD
UNIT 904, 9FL GUARD FORCE CENTRE
EAST HUNGHOM
TEL : 852 23760641
FAX : 852 23760361
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 27, 2003
REGISTRATION NO. :
0843230
CHIEF EXECUTIVE :
MR. YUSUF MOHAMED (REPRESENTATIVE)
STAFF STRENGTH :
10
CAPITAL :
US$ 767,263
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. 8288 = US$1 AS OF 2007-8-7
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 : 0843230
Date issued : 27 March,
2003
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 33514698-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
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Incorporated as : 4C
DIAMONDS (HK) LTD
Date of incorporation : 27
March, 2003
Changed name to : INFINITY
DIAMONDS MFG LTD
Date of change : 7
April, 2004
*Capital Details*
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Authorized capital : HKD 6,000,000.00 divided into 6,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*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.
*Approved Signatures*
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Only Mr. Jayesh Babubhai Patel can sign on behalf of the company with
seal affixed.
E-mail : infini@biznetvigator.com
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*
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Total number of shareholders :
2
Total number of ordinary shares : 6,000,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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Jayesh Babubhai Patel
4,800,000
4,800,000.00
80
Aarti Jayesh Patel
1,200,000
1,200,000.00
20
*Directors' Details*
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Aarti Jayesh Patel
HKID no. : P158761(0)
Address : Flat B2, 9Fl Hankow
Centre - Block B 4A
Jayesh Babubhai Patel
HKID no. : K778409(0)
Address
: Flat B2, 9Fl Hankow Centre - Block B 4A
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Yusuf Mohamed
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of bracelet, earrings, necklaces, rings and other related
products.
2. Domestic and international sales of imported products.
Products : 14k gold jewelry
18k gold jewelry
18k jewelry
21K gold
22k gold fine
jewellery
*Payment Terms*
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Sales
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Local : Cash or Credit
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.
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 private limited company 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
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113192900 Gold
necklaces and neck chains
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9113900000 Parts
for watch straps, bands, and bracelets
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Bracelets
Trader Brooches
Trader Earrings
Trader Necklaces
Trader Pendants
Trader Rings
Trader Jewelry
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/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%)