MIRA
INFORM REPORT
|
Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
Rm |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
July 15, 2004 |
|
|
|
|
Com. Reg. No.: |
34729874-000 |
|
|
|
|
Legal Form : |
Sole-Proprietorship |
|
|
|
|
Line of Business : |
Trading a wide range of jewelry and precious stones. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
name & address
RM
HUNGHOM
TEL : 852-31705172
FAX : 852-31714224
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 15, 2004
REGISTRATION NO. :
34729874-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR MANISHKUMAR S. PATEL (CHAIRMAN)
STAFF STRENGTH :
3
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 :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : AVERAGE
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.82896 = 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*
===================
License number : 34729874-000
Date issued : 15 July,
2004
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
==========
Unable to locate any points of reference within the industry due to the
relatively small nature of the company
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
Management: Mr. Mansukh
Budheliya, CEO
Mr. Manishkumar S. Patel, Managing Director
Name Nationality
Job Description
Mr. Mansukh Budheliya Indian
CEO
Mr. Manishkumar S. Patel Indian
Managing Director
*Key Personnel*
============
Mr. Manishkumar S. Patel
National ID no. : P2401529
Responsibility :
Handles the overall management of the company.
Address : Rm
F 14Fl Hilton Tower 96 Granville Rd Tsimshatsui Kowloon
Date of appointment : 9 December, 2005
*Main Products & Services*
=====================
Specializes in trading a wide range of jewelry and precious stones.
Products: Diamonds
Jewelries
Precious stones
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*LOCAL BRANCHES & MANAGEMENT *
=================================
Branch: S GOLDI -
Branch Address: Rm 1304, 13Fl Katherine House
PAYMENT RATING : 4 OBTAINED SCORES : 43
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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 locally.
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
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 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)