MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
VIDHI GEMS |
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Registered Office : |
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Country : |
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Date of Incorporation : |
May 17, 2000 |
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Com. Reg. No.: |
30929159-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Trading wide range of giftware, toys, kitchenware and
other related 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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
VIDHI GEMS
TEL : [+852] 27245544
FAX : [+852] 27235544
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 17, 2000
REGISTRATION NO. :
30929159-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SANDHYA SUKHLECHA (CHAIRMAN)
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 :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78344 = USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Reputation*
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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.
Email : vidhigems@msn.com
For the past 7 years there is no
record of litigation.
Based on corporate filing regulations for this type of
entity in
*Key Personnel*
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Sandhya Sukhlecha
National ID no
: P5841996
Address
: Flat A4, 7Fl
Responsibility
: Handles the overall management of the company.
Date of appointment
: 17 May, 2000
*Main Products & Services*
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Specializes in trading wide range of giftware, toys,
kitchenware and other related products.
Products : Baby items
Baby
toys
Bathroom accessories
Battery-operated toys
Bedroom accessories
*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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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 : 3 OBTAINED SCORES : 50
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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 7 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3263 Whiteware table & kitchen goods
Trading 3469 Cooking and kitchenware of aluminum (except cast)
Trading 3648 Lighting equipment, (including commercial)
Trading 3873 Watches, clocks, clockwork operated devices, and parts
Trading 3911 Jewelry, of precious metal
Trading 3914 Silverware, plated ware, and stainless steel ware
Trading 3944 Games, toys, and children's vehicles, except dolls and bicycles
Trading 3999 Manufactured articles
Trading 5021 Furniture
Trading 5023 Homefurnishings
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 4817 Envelopes, postcards etc & boxes etc of
stationery
Trading 4820900000 Blotting pads, book covers (including cover board and book jackets)
and articles
of
stationery, of paper or paperboard
Trading 6113 Garments, knit etc, coated etc rubber, plastic etc
Trading 6114 Garments, knitted or crocheted
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7113110000 Jewelry and parts thereof, of silver
Trading 7114116000 Silver articles for household, kitchen; toilet a sanitary wares
Trading 7323930030 Cooking ware of stainless steel, and parts thereof
Trading 7323930060 Kitchen ware of stainless steel, and parts
Trading 7324900000 Other sanitary ware and parts, of iron or steel (not baths, not
sinks or wash
basins
of stainless steel)
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Educational
game
Trader Electronic
toys
Trader Electronic
games
Trader General
gifts
Trader Giftware
Trader Handicrafts
Trader Lighters
Trader Stationery
Trader Watch
and clock
Trader Bathroom
accessories
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%)