MIRA
INFORM REPORT
|
Report Date : |
26.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
JB IMPEX |
|
|
|
|
Registered Office : |
Flat 1, 12/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
01.10. 2007 |
|
|
|
|
Com. Reg. No.: |
15133793-001-12 |
|
|
|
|
Legal Form : |
Sole Ownership |
|
|
|
|
Line of Business : |
Importer and Exporter of all kinds of Diamonds and Jewellery products |
RATING & COMMENTS
|
MIRA’s 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 |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
JB IMPEX
(Operated by AMEER GEMS)
ADDRESS
Flat 1, 12/F.,
PHONE: Not available
FAX: Not available
(Your enquiry given as: J B IMPEX with old address located at:
Flat C, 6/F.,
65-67B
Tsimshatsui,
MANAGEMENT
Manager: Mr. Ameer Sultan Moosa Naina
SUMMARY
Establishment: 1st October, 2007.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Fair.
ADDRESS
Registered Office:-
Flat 1, 12/F.,
BUSINESS REGISTRATION NUMBER
15133793-001-12
MANAGEMENT
Manager: Mr. Ameer Sultan Moosa Naina
SOLE OWNER
meer Gems, Hong Kong. (See attachment)
HISTORY
The subject was established on 1st October, 2007 as a sole
ownership firm with Ameer Gems as the proprietor under the Hong Kong Business
Registration Regulations.
Originally the subject was located at Flat C, 6/F., Pacific Building, 65‑67B Kimberley Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in August 2008.
Apart from these, neither material change nor amendment has
been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and jewellery products.
Employees: Nil.
Commodities Imported:
Markets:
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Provided by Sole Owner.
Profit & Loss: Too early to offer an opinion.
Condition: Business is still under development.
Facilities: Trying to make use of general banking facilities.
Payment: Maybe meet as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
JB Impex is solely owned and operated by Ameer Gems.
The Manager of the subject is Mr. Ameer Sultan Moosa Naina
who is an Indian. He is a Hong Kong ID
card holder and has got the right to reside in
Business commenced in October 2007, the subject is a gem and jewellery trader.
The subject does not have its own operating office. Its registered address is in a residential
building. Business is not active in
Ameer Gems was established on 7th December, 1991 as a partnership jointly owned by Mr. Ameer Sultan Moosa Naina and Mr. Sadaka Thullah Moosa Naina. Both of whom are Indian and belong to the same family.
Ameer Gems changed to a sole proprietorship as Mr. Sadaka Thullah Moosa Naina retired on 30th June, 2005. Now, Ameer Gems is wholly-owned by Mr. Ameer Sultan Moosa Naina.
The subject is trading in loose diamonds, emerald, precious
stones, ruby jade, gem sets, semi-precious stones, etc. Commodities are chiefly imported from
The subject is just a one-man-company. So does Ameer Gems.
Since the subject does not have its own operating office and
has no employees in
COURT CASES: None per our.
name of the company
AMEER GEMS
ADDRESS
Room 502, 5/F.,
BUSINESS REGISTRATION NUMBER
15133793-000-12
ESTABLISHMENT
7th December, 1991.
SOLE PROPRIETOR
Name: Mr. Ameer Sultan MOOSA NAINA
Residential Address: Flat
8A, 8/F.,
NATURE OF BUSINESS
Import and export of gems and jewelry.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
|
|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.67.37 |
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. |
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 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%)