MIRA
INFORM REPORT
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Report Date : |
01.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
JIN GEMS |
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Registered Office : |
Flat C 12FL Mass Resources Development Bldg 12 Humphreys
Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.06.1991 |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
Import of a wide range of diamonds and other jewelry
products. Distribution of the products to the local and
international markets. |
RATING &
COMMENTS
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MIRAs 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/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
JIN GEMS
FLAT C 12FL MASS RESOURCES DEVELOPMENT BLDG 12 HUMPHREYS AVE
TSIMSHATSUI KOWLOON, HONG KONG
TEL: [+852] 23671450
FAX: [+852] 23671511
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 19, 1991
CHIEF EXECUTIVE :
MR. RAJENDRA KUMAR DAGA (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 7.82492 = USD1
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 :
14616728-000
Date issued
: 19 June, 1991
Issuing authority :
Business Registration Office - Inland Revenue Dept
Legal form
: Individual Business
Type of license
: Business
*Office & Facilities*
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Other tel. no. :
23671373
*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 : jingemsnew@yahoo.com
For the past 16 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. Rajendra Kumar Daga, Executive Director
Name Nationality Job
Description
Mr. Rajendra Kumar Daga Indian
Executive Director
*Key Personnel*
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Rajendra Kumar Daga (Also known as Raj)
Founder
: Sole Founder
National ID number
: P1338874
Address
: Flat E 13Fl Star Mansion 3-5 Minden Row Mody Rd Tsimshatsui Kowloon
Hong Kong
Date of appointment
: 19 June, 1991
Responsibilities
: Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Import of a wide range of diamonds and other jewelry
products which are manufactured by its factory in India.
2. Distribution of the products to the local and
international markets.
Products : 18k gemset jewelry
Diamond
Diamond gems
Emeralds
Fine
jewelry
*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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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair :
Hong Kong International Jewellery Show 2000
Dates attended :
6-9 March, 2000
Location
: Hong Kong Convention & Exhibition Centre
(2)
Exhibition fair :
Hong Kong International Jewellery Show 2007
Details
: The company used Booth numbers 5H39 and 5H41.
*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.
Products are also exported to Scandinavia.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains manufacturing facilities (2,500 sq. meters) and
administrative offices in the following locations in
India :
- Bombay
- Surat
- Jaipur
PAYMENT RATING : 4 OBTAINED SCORES : 48
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Implication |
Implications |
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1 |
Scores 85100 |
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 an individual business there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
SC is considered a normally advancing concern with steady customers and good base to meet its trade engagements.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3873 Watches, clocks,
clockwork operated devices, and parts
Trading 3911 Jewelry, of precious metal
Trading 3961 Jewelry of materials other than solid gold, platinum
& silver
Trading 5094 Jewelry/Watches/Precious
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7102 Diamonds, worked or not, not mounted or set
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 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7116 Articles of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry of precious or semiprecious stones
Trading 7117 Imitation jewelry
Trading 9100 Clocks & watches & parts thereof
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Ruby
Trader Sapphire
Trader Tanzanite
Trader Gemset
jewelry
Trader Fine
jewelry
Trader Imitation
jewelry
Trader Timepieces
Trader Gemstones
Trader Jade
Trader Semi
precious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Europe
Exporting to Malaysia
Exporting to Middle East
Exporting to North America
Exporting to Taiwan
Exporting to Thailand
Exporting to USA
Importing from Asia
Importing from India
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.34 |
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UK Pound |
1 |
Rs.86.52 |
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Euro |
1 |
Rs.68.54 |
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/normal. |
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 SCs 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%)