MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOEX JEWEL’S |
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Registered Office : |
Flat A, 17/F., Costa Del Sol (Phase IIB), Tower 15A,
Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.10.1999 |
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Com. Reg. No.: |
30417112-000-10 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of All kinds Diamonds and Jewellery. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
KOEX JEWEL’S
ADDRESS
Flat A, 17/F., Costa Del Sol (Phase IIB), Tower 15A, Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Manager: Mr. Mayur Narendrakumar Patel
SUMMARY
Establishment: 9th October, 1999.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Head Office:-
Flat A, 17/F., Costa Del Sol (Phase IIB), Tower 15A, Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
30417112-000-10
MANAGEMENT
Manager: Mr. Mayur Narendrakumar Patel
SOLE PROPRIETOR
Name: Mr. Mayur Narendrakumar PATEL
Residential Address: 69
Tejkiran Apt. Behind Shreyas Hall, Dadi Sheth X Lane No. 2, Babulnath, Mumbai-7,
India.
HISTORY
The subject was established on 9th October, 1999 as a sole proprietorship concern owned by Mr. Lee Sung Woo under the Hong Kong Business Registration Regulations.
The subject became a partnership when Mr. Mayur Narendrakumar Patel, who is an Indian, joined in as a partner on 1st December, 2001.
The subject became a sole proprietorship again as Mr. Lee Sung Woo retired on 1st April, 2002.
Initially the subject was located at Room 6-A, Bo Yip Building, 6 Ashley Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in November 2005.
Apart from these, neither material change nor amendment has
been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds diamonds and jewellery.
Employees: Nil.
Commodities Imported: India, Belgium, etc.
Markets: Asian countries, the Middle East, Thailand, etc.
Terms/Sales: L/C.
Terms/Buying: L/C, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Keeping a balance account.
Condition: Business is not very active.
Facilities: Banking facilities are not actively used.
Payment: Met as required.
Commercial Morality: Fair.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Koex Jewel’s is a sole proprietorship operated by Mr. Mayur Narendrakumar Patel.
Mr. Patel is an Indian holding an India passport and does not have the right to reside in Hong Kong permanently.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.
The subject does not have its own operating office. Its registered address is in the residence of the sole proprietor in Hong Kong. Business is not very active in Hong Kong.
The subject is trading in loose diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured sapphire, etc. Raw materials are imported from India, Belgium and other European countries, etc. Finished products and polished diamonds are exported or re-exported to the other Asian countries, Europe, the Middle East, etc.
The subject is just a one-man-company. Keeping a balance account in most of the past years.
Since the subject does not have its own operating office and has no employees, consider it good for business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.90 |
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UK Pound |
1 |
Rs.74.30 |
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Euro |
1 |
Rs.63.42 |
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%)