MIRA
INFORM REPORT
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Report Date : |
07.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAZAL RESOURCES VENTURE LD |
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Registered Office : |
Rm 603 Empress Plaza 17-19 Chatham Rd, South Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
February 10, 2006 |
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Com. Reg. No.: |
36432708-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing and local purchasing of jewelry and related products. Trading of purchased products to local and export market. |
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 & address
MAZAL RESOURCES VENTURE LD
RM 603 EMPRESS PLAZA 17-19 CHATHAM RD
SOUTH TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852- 23681088 FAX: 852-23671216
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 10, 2006
REGISTRATION NO. :
36432708-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. MAN RAJ NAHATA (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79860 = 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
*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.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong Kong,
there is either, no requirement for Shareholders or no requirement for public
disclosure of Shareholders.
*Key Personnel*
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Man Raj Nahata
National ID number : K9588574
Founder : Sole
Founder
Address : 8Fl
Front Ocean View Court 25 Chatham Rd South Tsimshatsui Kowloon Hong Kong
Responsibility : Handles
the overall management of the company
Other position : CEO,
OSIA INT'L - Hong Kong
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing of jewelry and related products.
2. Trading of purchased products to local and export market.
Products: Bangles
Bracelets
Brooches
Diamonds
Earrings
*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 : OSIA INT'L
Address : Rm 603 6Fl Empress Plaza 17-19 Chatham Rd South Tsimshatsui
Kowloon Hong Kong
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
PAYMENT
RATING : 4 OBTAINED SCORES :
48
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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 sole proprietorship 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. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Bracelets
Trader Pendants
Trader Brooches
Trader Bangles
Trader Necklaces
Trader Earrings
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Belgium
Exporting to India
Importing from Asia
Importing from Belgium
Importing from India
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%)