MIRA
INFORM REPORT
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Report Date : |
12.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
GEM LUSTRE CO |
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Registered Office : |
RM 1203 Guard Force Centre 3 Hok Yuen St
East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.12.1987 |
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Com. Reg. No.: |
11518741 |
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Legal Form : |
Partnership |
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Line of Business : |
Local Purchase and Import of Jewelry Products |
RATING &
COMMENTS
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MIRA’s 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 AND ADDRESS
GEM
LUSTRE CO
RM 1203 GUARD FORCE CENTRE
3 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG
KONG.
TEL: 852-23670393
FAX: 852-27399672
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 28, 1987
REGISTRATION NO. :
11518741
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. ABDUL RAUF KHAN (PARTNER)
STAFF STRENGTH :
10
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78611 = 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 –Hong Kong Dollars
*Office & Facilities*
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Other tel no : 23661025
Previous address : Rm 807 Hang Sang TsimShaTsui Bldg 18 Carnarvon Rd
Tsimshatsui Kowloon
*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.
E-mail: gemlustrenet@yahoo.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Partner's Name
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Abdul Rauf Khan
Nizamudeen Mansoori
Management: Mr. Abdul Rauf Khan,
Partner
Mr. Nizamudeen Mansoori, Partner
Name Nationality
Job Description
Mr. Abdul Rauf Khan Indian
Partner
Mr. Nizamudeen Mansoori Indian
Partner
*Key Personnel*
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(1)
Abdul Rauf Khan
National ID number : P0606441
Address : Rm
J 17Fl Star Mansion 3-5 Minden Row Tsimshatsui Kowloon Hong Kong
Date of Appointment : 5
September, 1990
(2)
Nizamudeen Mansoori
National ID number : P0738801
Address : Rm
E4 13Fl Chung King Mansion 36-44 Nathan Rd Kowloon Hong Kong
Date of Appointment : 28 December,
1987
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase and import of jewelry products.
2. Sales and distribution of products to local market.
Products: Gemstones
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
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.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : GEM
LUSTRE USA INC
Address :
Suite 810 New York 2 West 46th St New York 10036 New York USA
Country :
USA
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
PAYMENT RATING : 3 OBTAINED SCORES :
51
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Implication |
Implications |
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1 |
Scores 85–100 |
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 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 with a long history.
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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to India
Exporting to Tanzania
Exporting to USA
Exporting to United Kingdom
Importing from Asia
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 SC’s 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%)