MIRA
INFORM REPORT
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Report Date : |
16.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
EVERST GEMS LTD |
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Registered Office : |
12/F, A2, China Insurance Bldg, 48 Cameron Rd, TST, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
4.5.1990 |
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Com. Reg. No.: |
277739 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of low-End Jewelleries. |
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
EVERST
GEMS LTD
12/F, A2, CHINA
INSURANCE BLDG,
48 CAMERON RD, TST, KLN, HONG KONG
TEL: 852
23681199 FAX: 852
23671357
EXECUTIVE SUMMARY
INCORPORATION DATE :
4-5-1990
REGISTRATION NO. :
277739
REGISTERED LEGAL FORM : PRIVATE
LIMITED COMPANY
CHIEF EXECUTIVE : MS. JAIN PURVI (DIRECTOR)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL :
HK $10,000 = 10,000 SHARES @ $1.-
PAID-UP
CAPITAL : HK $10,000
BUSINESS LINE :
TRADING OF LOW-END JEWELLERIES
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80165 = USD 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
SC is a private limited company registered under incorporation file no.
277739 on 4-5-1990.
SC's shareholder(s) & director(s) are shown to be as follows:
Shareholder(s) (as at 4-5-2008) Number
of shares held
- Purvi Jain
4,900
- Abhishek Prakash Jain
5,100
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10,000
=======
Director(s) (as at 4-5-2008)
- Jain Abhishek Prakash / R340899(9)
- Jain Purvi / A9651349
The above registration information is based on SC's annual return filed
at Companies Registry within the last 2 years.
Total number of employees: 2.
Location: Maintaining
its office at the heading business address which occupies a gross area of 400
square feet at a commercial building in a commercial & shopping district.
Condition inside the premises during our
visit: Normal.
Office/factory layout: Good.
The premise is rented.
Jain Abhishek Prakash, director:
- In his mid 40's & married
- Embarked upon his career to present field as a small businessman in
his late 20's
- He is husband of Jain Purvil (SC's director)
Currently active in SC's day-to-day operations & is responsible for
its management.
Registered residential address: Rajniketan Bldg, Ft 22-24, 6/F, Ridge
Rd, Malabar Hill, Mumbai-400 006, India..
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following
stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Jain Purvi, SC's director:
- She is by Indian nationality
Registered residential address: Same as Jain Abhishek Prakashi.
Credit history
check : This refers to a check of our
database whether the said person has been involved in any of the following records
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 2 Obtained scores : 63 (see explanatory notes below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The rating indicates the personal financial & operational strength
of SC's major principals. It is
calculated from a composite of scores obtained from the following 5 factors
which carry equal weight in our analysis:
Personal financial strength, credit history & trade reputation,
business experience & track record, market connection and management skill.
Upon a current contact, Jain Abhishek Prakash, SC's director, declined forwarding
any financial information on the ground that it is the company's policy not
releasing any data to a third party without the benefit of knowing the identity
of the inquiring party.
As per current co. search, total amount of indebtedness of SC in respect
of all mortgages and charges which are required to be registered with Companies
Registry as at 4-5-2008 was nil.
Banking relations are maintained principally with: HSBC
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 6 years (as stored in our database),
and the mortgage/charge records filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil litigation/winding-up petitions: (X) see below ( ) see attached sheet
Date :
21-3-2006
Defendant(s) : SC
Plaintiff(s) : Commissioner of Inland Revenue
Cause of claim : Tax
Claimed amount : $3,046
Mortgage/charge record(s): None filed since its incorporation date.
Overall payment appraisal:
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment
experience (through current enquiry with SC's suppliers), our delinquent
payment records and our debt collection record concerning SC.
Trade payment
experience: SC did not provide any name of
trade/service suppliers and we have no other sources to conduct the enquiry at
present.
Delinquent
payment record: None in our database.
Debt
collection record: No overdue amount owed by SC
was placed to us for collection within the last 6 years.
Business categories:
SC is engaged in trading of low-end jewelleries.
Items available include diamonds, gemstones, jades, ambers, corals, emeralds,
opals, rubies & sapphires
Principal purchases:
Major
types of sourcing :
Merchandise & accessories
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : SE Asia & India
Buying
terms : COD
& L/C
Principal market:
Local--type
of customers : Nil
Selling
terms : Nil
Overseas--buying
countries : USA, Canada, Japan, SE Asia
& Australia
Selling
terms : COD &
L/C
SC is not known to have any subsidiary at present.
SC is considered small-sized in its line locally with acceptable base to
meet its normal dealings. Credit
dealings of small amount may be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted
indicate that SC was not involved in any property transaction (both purchase
& disposal) in Hong Kong for the last 6 years.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.17 |
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UK Pound |
1 |
Rs.86.46 |
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Euro |
1 |
Rs.68.68 |
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%)