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MIRA
INFORM REPORT
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Report Date : |
18.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
B M FANCY (HK) LTD |
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Registered Office : |
RM 371 Conic Investment Bldg 13 Hok Yuen St Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.07.2006 |
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Com. Reg. No.: |
1062585 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchase of Marquise and
Diamonds |
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 and address of the company
B M FANCY (HK) LTD
RM 371 CONIC INVESTMENT BLDG
13 HOK YUEN ST CENTRAL, HONG KONG.
TEL: 852-23342050 FAX:
852-23342070
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 22, 2006
REGISTRATION NO. :
1062585
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. NIRAV ARUN PAREKH (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80283 = 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
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*Company Registration*
==================
(1)
License number : 1062585
Date issued : 22 July,
2006
Issuing authority : Companies
Registry
Type of License : Corporate
(2)
License number : 37106091-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
===============
Previous address : 9Fl R P Ocean View Court 25A Chatham Rd Tsimshatsui
Kowloon
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 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 WISE BUSINESS CONSULTING LTD can sign on behalf of the company with
seal affixed.
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SC is not known to host website of its own at present.
E-mail: marquise4u@hotmail.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares
: 10,000
Shareholder's Name
No of Ordinary
Shares Amount of shares (HKD) % of Shares
------------------------- ---------------------------
-------------------------------
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Bharatkumar Babubhai Lathiya
10,000
10,000.00
100.00
*Director's Details*
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Shareholders' Details
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Bharatkumar Babubhai Lathiya
Address : Opera House
12 Shreeji Plaza Tata Rd 1 Mumbai (Bombay) Maharashtra 400004, India
*Corporate Secretary*
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WISE BUSINESS CONSULTING LTD
Address : Rm 1906, 19Fl China Insurance Group Bldg 141 Des Voeux Rd
Central Hong Kong
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*Key Personnel*
============
Nirav Arun Parekh
Founder : Sole Founder
HKID no : F1223108
Address : Rm 5-A 1Fl
Moti Mansion Khetwadi 5th Lane Mumbai (Bombay) Maharashtra 400004, India
Responsibility : Handles the
overall management of the company.
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*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase of marquise and diamonds.
2. Sales and distribution of products to local market.
Products: Diamond
Diamond jewelry
Marquise
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 4 OBTAINED SCORES :
45
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
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SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
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%)