MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNIQUE LOTUS GEMS |
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Registered Office : |
Rm 1, 8fl Guard Force Centre 3 Hok Yuen St
East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 5, 1998 |
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Com. Reg. No.: |
22018025-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Specializes in Trading of Jewelry 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address of the company
UNIQUE LOTUS GEMS
RM 1, 8FL GUARD FORCE CENTRE 3 HOK YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27234706 FAX: 852-23119723
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 5, 1998
REGISTRATION NO. :
22018025-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. KUMAR JAIN SUNIL (PARTNER)
STAFF STRENGTH :
1
CAPITAL :
N/A
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80365 = 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 : 22018025-000
Date issued : 5 October, 1998
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
Legal form : Partnership
*Office & Facilities*
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Other e-mail : nasar@hongkong.com
*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: sunil@uniquelotus.com.hk
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.
Management: Mr. Kumar Jain
Sunil, Partner
Mr. Vinay Kumar Kedia, Partner
Name Nationality
Job Description
Mr. Kumar Jain Sunil Indian
Partner
Mr. Vinay Kumar Kedia Indian Partner
*Main Products & Services*
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Specializes in trading of jewelry and other related products.
Products: Cut sapphires
Emeralds
Pink sapphire
Rubies
Sapphires
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*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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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.
SC is not known to have any subsidiary at
present.
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 : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Mongkok,
Kowloon
Branch Address : 5Fl Hong Kong & Shanghai Bank Bldg 673 Nathan
Rd
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with a 10 years development
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 3281 Cut stone and
stone products
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or roughly
shaped, not strung, mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Pink
sapphire
Trader Yellow
sapphire
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%)