MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KUNMING ENTERPRISES |
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Registered Office : |
Flat C 47FL Hanchung Mansion 8-10 Hankow Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.08.2002 |
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Com. Reg. No.: |
32913398-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Manufacturer of diamonds, emerald, ruby, sapphire and semi-precious
stones. Sales and Distribution of manufactured products to local market. |
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
KUNMING
ENTERPRISES
FLAT C 47FL HANCHUNG MANSION 8-10 HANKOW RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23688599 FAX: 852-23689484
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 26, 2002
REGISTRATION NO. :
32913398-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. DAMODAR PRASAD R. JAKHOTIA (DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
MANUFACTURER
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
*Company Registered*
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License Number : 32913398-000
Date of Registration : 26 August, 2002
Issuing Authority : Business Registration Office - Inland
Revenue Dept (BRO)
Legal Form : Partnership
Primary Business Activity : Manufacturer
*Office & Facilities*
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Other tel no : 23672599
Previous Address : Rm 1506
Lee Wai Commercial Bldg 1-3 Hart Ave Tsimshatsui Kowloon
SC is not known to host website of its own at present.
E-mail: jakhotia@biznetvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: N/A
Total number of shares: N/A
Shareholders Country Number Amount %
Mr. Damodar Prasad R. Jakhotia India n/a n/a n/a
Mr. Rishi Jakhotia India n/a n/a n/a
*COMPANY DIRECTORS*
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1
Name :
Mr. Damodar Prasad R. Jakhotia
Nationality :
India
ID/Passport No. :
XE781298A
Registered Address : Rm B7,
12Fl Hankow Centre Block B 4A Asley Rd, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
Date of Appointment : 26 Aug,
2002
2
Name :
Mr. Gita Devi Jakhotia
Nationality :
India
ID/Passport No. :
XE781298A
Registered Address : Rm B7,
12Fl Hankow Centre Block B 4A Asley Rd
Country of Residence : Hong
Kong
Date of Appointment : 10 Sep,
2004
3
Name :
Mr. Rishi Jakhotia
Nationality :
India
ID/Passport No. :
P2724913
Registered Address : Rm B7,
12Fl Hankow Centre Block B 4A Asley Rd
Country of Residence : Hong
Kong
Date of Appointment : 26 Aug,
2002
*Main Products & Services*
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Specializes in the following areas of work :
1. Manufacturing a wide range of diamonds, emerald, ruby, sapphire and
semi-precious stones.
2. Sales and distribution of manufactured products to local market.
Products: Diamond
Diamond brio
Diamond rose
Emeralds
Fancy colour
diamonds
*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 : June Hong
Kong Jewellery & Watch Fair
Dates attended : 19-22 June, 2008
Location : Hong Kong
Convention & Exhibition Centre
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Exhibition Participation*
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Exhibition fair : Tucson
"2008" Gem Show
Dates attended : 5-10 February, 2008
Location : Marriott
Starr Pass Resort Tucson AZ, USA
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 partnership firm 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
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7102 Diamonds,
worked or not, not mounted or set
Manufacturing 7103 Precious
& semiprec stones, not strung etc
Manufacturing 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or roughly
shaped, not strung, mounted or set
Manufacturing 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Manufacturing 7103910020 Sapphires
cut but not set for jewelry
Manufacturing 7103910030 Emeralds
cut but not set for jewelry
Manufacturing 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Manufacturing 7103995000 Gemstones
otherwise worked not suitable for use in jewelry
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Fine jewelry
Manufacturer Gemstones
Manufacturer Jade
Manufacturer Semi precious
gemstones
Manufacturer Diamond rose
Manufacturer Diamond brio
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
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%)