MIRA
INFORM REPORT
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Report Date : |
05.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KUNMING TRADING CO |
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Registered Office : |
FLAT B, 12fl Alpha House 27-33 Nathan Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.11.1993 |
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Legal Form : |
Partnership |
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Line of Business : |
Manufacture of Gems Stones and Jewelry Products and other Related
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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Maximum Credit Limit : |
USD 3,000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name & address of the company
KUNMING TRADING CO
FLAT B, 12FL ALPHA HOUSE 27-33 NATHAN RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23685997 FAX: 852-27239408
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 17, 1993
REGISTRATION NO. :
17552882-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. AJAY MAHESHWARI (PARTNER)
STAFF STRENGTH :
3
CAPITAL :
N/A
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 3,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80063 = 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
*Company Registration*
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License number : 17552882-000
Date issued : 17 November, 1993
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license Business
*Office & Facilities*
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Other e-mail : kunmingt@netvigator.com
*Corporate & Organization Structure*
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A family owned and operated business.
*Reputation*
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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: kunmingt@biznetvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 2
Partners/shareholders:
- Ms. Deepa Maheshwari
- Mr. Ajay Maheshwari
Management: Mr. Ajay Maheshwari,
Partner
Ms. Deepa Maheshwari, Partner
Name Nationality
Job Description
Mr. Ajay Maheshwari Indian
Partner
Ms. Deepa Maheshwari Indian
Partner
*Main Products & Services*
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Specializes in the following areas of work:
1. Manufacture of gems stones and jewelry products and other related
products.
2. Sales and distribution of manufactured products to local and export
markets.
Products: Diamonds
Gems
Pear-shaped
diamonds
Polished
emeralds
Polished
rubies
*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)
*Exhibition Participation*
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Exhibition fair : Hongkong
International Jewellery Show 2000
Dates attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Local Distribution Network*
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Majority 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 : GEMSTONE
INT'L CO LTD
Address : 306
Wing Kugawa Mansion 4-8-23 Kamishida Kofu-shi 4000041 Yamanashi Japan
Country :
Japan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
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Associated with a company registered at the following address :
Address: 308, 3Fl New Amrut Diamond House Tata Rd 1 Opera House 1
Mumbai- 400004 India
PAYMENT RATING : 4
OBTAINED SCORES : 47
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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 firm there is no legal requirement according to local corporate
law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : NANYANG COMMERCIAL BANK LTD
Global Identifier : 30414157
Branch :
Mongkok,Kowloon
Branch Address : 727 Nathan Rd
SWIFT Code : NYCBHKHH
SC is considered small-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 3,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3281 Cut
stone and stone products
Exporting 3911 Jewelry,
of precious metal
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
Manufacturing 3281 Cut
stone and stone products
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7102 Diamonds,
worked or not, not mounted or set
Exporting 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or simply
sawn or
roughly
shaped, not strung, mounted or set
Exporting 7103910000 Rubies, sapphires and emeralds, otherwise worked
Exporting 7116204050 Articles of precious or semiprecious stones, not jewelry
Manufacturing 7102 Diamonds,
worked or not, not mounted or set
Manufacturing 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or
roughly
shaped, not strung, mounted or set
Manufacturing 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Manufacturing 7116204050 Articles
of precious or semiprecious stones, not jewelry
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Round
diamonds
Exporter Polished
rubies
Exporter Polished
emeralds
Manufacturer Gems
Manufacturer Pear-shaped
diamonds
Manufacturer Round
diamonds
Manufacturer Polished
emeralds
Manufacturer Polished
rubies
Manufacturer Diamonds
Manufacturer Polished
sapphire
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Taiwan
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%)