MIRA
INFORM REPORT
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Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
PRETTY JEWELLERY INT'L LTD |
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Registered Office : |
RM 403 Guard Force Centre 3 Hok Yuen St East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.03.2005 |
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Com. Reg. No.: |
0955023 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Jewelry, Watches 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
PRETTY
JEWELLERY INT'L LTD
RM 403 GUARD FORCE CENTRE 3 HOK YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG
TEL: 852-22096600 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 10, 2005
REGISTRATION NO. :
0955023
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. NIMESH PIYUSH MEHTA (DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,280,410
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 7.80197 = 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 : 0955023
Date issued : 10
March, 2005
Issuing authority : Companies
Registry
Legal form :
Private limited company
Type of license : Corporate
(2)
License number : 35563259-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000,000.00 divided into 10,000,000 ordinary
shares at HKD 1.00/-each, fully paid.
*Approved Signatures*
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Only Mr. Romy Piyush Mehta can sign on behalf of the company with seal
affixed.
*Registrar*
=========
MOORE STEPHENS ASSOCIATES LTD
SC is not known to host website of its own at present.
E-mail: sunder@prettyjewelry.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares
: 10,000,000
Shareholder's Name No.
of Ordinary Shares Amount of
Shares (HKD) % of Shares
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-------------------------------
--------------------------------- -------------
Romy Piyush Mehta
5,000,000
5,000,000.00
50.00
Nimesh Piyush Mehta
5,000,000 5,000,000.00 50.00
Share transfer
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Date No.
of Shares
Transferror
Transferre
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---------------------- -------------------- ----------------
30 August, 2007
10 Priti
Romy Mehta Romy Piyush
Mehta
30 August, 2007
10 Nimesh
Piyush Mehta Romy Piyush Mehta
*Company Secretary*
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FIRST ISLAND SECRETARIES LTD
Address : Rm 905 Silvercord
Tower 2, 30 Canton Rd Tsimshatsui Kowloon
CR number : 49295
*COMPANY DIRECTORS*
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1
Name :
Mr. Nimesh Piyush Mehta
Nationality :
India
ID/Passport No. :
P146336(9)
Registered Address : Flat
B2, 20Fl Greenfield Terrace 26 Homantin Hill Rd ,Kowloon
Country of Residence : India
2
Name :
Mr. Romy Piyush Mehta
Nationality :
India
ID/Passport No. :
R148936(3)
Registered Address : Duplex
B 17 & 18Fl Tower 2 The Astrid 180 Arovie St ,Kowloon
Country of Residence : India
3
Name :
Mr. Sunder Menon
Nationality :
India
Country of Residence : India
*Main Products & Services*
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Specializes in trading of jewelry, watches and other related
products.
Products: 24K gold jewelry
Fine gold
jewelry
Fine silver
jewelry
Gold
Gold jewelry
*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.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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 development
history.
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 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry
and parts thereof, of silver
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Gold
jewelry
Trader Precious metal
products
Trader Gold jewelry
sets
Trader 24K gold
jewelry
Trader Semi precious
stones
Trader Rings
Trader Men's wrist
watches
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.27 |
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UK Pound |
1 |
Rs.86.28 |
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Euro |
1 |
Rs.68.24 |
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%)