MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SEJAL GEMS HONG KONG CO LTD |
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Registered Office : |
FLAT C 6FL Golden
Mansion 83-85a Chatham Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.02.2004 |
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Com. Reg. No.: |
0881980 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and
local purchasing of wide range of precious stones |
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 : |
Usually Correct |
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Litigation : |
Clear |
name & address of the company
SEJAL GEMS HONG KONG CO LTD
FLAT C 6FL GOLDEN MANSION 83-85A CHATHAM RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-31103550 FAX:
852-27306466
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY 11, 2004
REGISTRATION NO. : 0881980
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. RITESH KIRTILAL SHAH
(CHAIRMAN)
STAFF STRENGTH : 6
CAPITAL : US$ 513,479
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 7.79806 = 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*
===================
(1)
License number : 0881980
Date issued : 11 February, 2004
Issuing
authority : Companies Registry
Legal form : Private Company Having a Share
Capital
Type of license : Corporate
(2)
License number : 34290083-000
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Registered capital :
HKD 4,000,000.00 divided into 4,000,000 ordinary shares at HKD 1.00/-each,
fully paid
*Reputation*
==========
Reference checking
for the purpose of establishing the firm's reputation within the respective
industry failed to reveal any negative information.
*Approved
Signatures*
=================
Only Ritesh Kirtilal
Sha can sign on behalf of the company with seal affixed.
SC is
not known to host website of its own at present.
For the past two
years there is no record of litigation.
*Major Shareholders*
=================
Total number of
shareholders: 4
Total number of
shares: 4,000,000
Shareholders Number Amount (HKD) %
----------------------------- --------------- ------------------ -------
TANVI INT'L PTE LTD 1,800,000.00 1,800,000.00 45.00
Mr. Ritesh Kirtilal
Shah 1,000,000.00 1,000,000.00 25.00
SM JEWELS PTE
LTD 1,000,000.00 1,000,000.00 25.00
Mr. Jigneshkumar
Narotamdas Shah 200,000.00 200,000.00 5.00
*Company Secretary*
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WISE BUSINESS
CONSULTING LTD
CR number : 909542
Address : Rm 1906, 19Fl China Insurance Group
Bldg 141 Des Voeux Rd Central Hong Kong
Management: Mr.
Ankit Shah, Representative
Name Nationality Job Description
Mr. Ankit Shah Indian Representative
*Main Products & Services*
======================
Specializes in the
following areas of work :
1. Importing and
local purchasing of wide range of precious stones.
2. Sale and
distribution of purchased products to local and export markets.
Products:
Diamonds
Precious stones
*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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Majority of the
annual turnover is attributed to export.
*(Subsidiaries,
Joint-ventures & Affiliates)
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Company Name: PRITI
GEMS CO LTD
Address: Suite 3110
31Fl Jewelry Trade Center 919/395 Silom Rd Bangrak Bangkok 10500 Thailand
Country: Thailand
Relationship:
Affiliate
Legal Form: Private
company with limited liability
Company Type:
Importer
Industry: Giftware
& Jewellery
PAYMENT RATING : 3
OBTAINED SCORES : 52
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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 private limited
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 short history..
Attached:
trade references
SIC PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7116
Articles of natural or cut
pearls, prec/semprc stones
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to India
Exporting to
Malaysia
Exporting to North
America
Exporting to
Singapore
Exporting to
Thailand
Exporting to USA
Importing from Asia
Importing from India
Importing from
Malaysia
Importing from North
America
Importing from
Singapore
Importing from
Thailand
Importing from USA
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%)