MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
S M JEWELS HK LTD |
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Registered Office : |
Unit 10B 11FL Focal Industrial Centre
21 Man Lok St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.01.2005 |
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Com. Reg. No.: |
0948914 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Diamonds and Jewelry.
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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
S M
JEWELS HK LTD
UNIT 10B 11FL FOCAL INDUSTRIAL CENTRE
21 MAN LOK ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-26271273 FAX: 852-26271279
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 28, 2005
REGISTRATION NO. :
0948914
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YOGESH JAIN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 384,123
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 7.80162 = 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
Registered Legal Address : Flat D 6Fl Tin Man Court 2-2A Kimberley St
Tsimshatsui Kowloon
*Company Registration*
===================
(1)
License number : 0948914
Date issued : 28 January, 2005
Issuing authority : Companies Registry
Legal form : Private Company Limited by Shares
Type of license : Corporate
(2)
License number : 35314824 - 000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 3,000,000.00 divided into 3,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Approved Signature*
==================
Only Mr. Minaxi Ritesh Shah can sign on behalf of the company with seal
affixed.
*Registrar*
==========
- WISE BUSINESS CONSULTING LTD
SC is not known to host website of its own at present.
E-mail: sejalgems@yahoomail.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders
: 3
Total number of ordinary shares
: 3,000,000
Shareholder's Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
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-----------------------------------
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Minaxi Ritesh Shah 1,800,000 1,800,000.00 60.00
Ankitkumar Narendrabhai Shah
1,000,000
1,000,000.00
33.33
Yogesh Jain 200,000
200,000.00
6.67
Transfer of Shares
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Date Transferred
Transferor
Transferee No. of
Ordinary Shares
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--------------- --------------- -------------------------------
9 January, 2008 S M
JEWELS PTE LTD Minaxi Ritesh
Shah 1,800,000
*COMPANY DIRECTORS*
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1
Name :
Mr. Ankitkumar Narendrabhai Shah
Nationality :
India
ID/Passport No. :
F2320315
Registered Address : 52
Nehrupark Society O/S Gomti-Pur Gate B/H Amrapali Cinema
Country of Residence : India
2
Name :
Mr. Minaxi Ritesh Shah
Nationality :
India
ID/Passport No. :
A9143329
Registered Address : Flat C
6Fl Golden Mansion 83-85A Chatham Rd
Country of Residence : Hong
Kong
3
Name :
Mr. Yogesh Jain
Nationality :
India
ID/Passport No. :
R013331(A)
Registered Address : Flat 4,
3Fl Kiu Fung Mansion 18 Austin Ave, Tsimshatsui, Kowloon
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading of diamonds and jewelry.
Products: Diamonds
Fine gold
jewelry
Fine jewelry
Fine silver jewelry
Gold
*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 : 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 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 history.
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113110000 Jewelry
and parts thereof, of silver
Trading 7113115000 Silver
jewelry, articles a pts incl pr mtl pltd silvr val ov $18 per dozen pieces or
parts
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7115901000 Articles
of gold including metal clad with gold
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Fine
jewelry
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.16 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.95 |
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%)