MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
GALAXY GEMS LTD |
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Registered Office : |
RM 1307, 13FL Hart Ave Plaza 5-9 Hart Ave Tsimshatsui Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.04.2008 |
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Com. Reg. No.: |
1232172 |
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Legal Form : |
Private Lmited |
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Line of Business : |
Trading wide range of Diamonds And Gems |
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. |
Small |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
GALAXY GEMS LTD
RM 1307, 13FL HART AVE PLAZA 5-9 HART AVE TSIMSHATSUI KOWLOON, HONG
KONG.
TEL: 852-23666440
FAX: 852-23666447
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 28, 2008
REGISTRATION NO. :
1232172
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ANKIT JAIN (DIRECTOR)
STAFF STRENGTH :
2
CAPITAL :
US$ 128,041
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE :
C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79761 = US$1
*OTHER LICENSE*
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License Number : 39226538-000
Issuing Authority : Business Registration Office - Inland Revenue Dept
*Company Registration*
===================
License Number : 1232172
Date of Registration : 28 April, 2008
Issuing Authority : Companies Registry (CR)
Legal Form : Private company with limited liability
Primary Business Activity : Trader
Employees : 2
Key Industry : Giftware & Jewellery
*Capital Details*
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Authorized capital: HKD 1,000,000.00 divided into 1,000,000 shares at
HKD 1.00/-each, fully paid
*Approved Signatures*
===================
The following directors can sign on behalf of the company with seal
affixed :
- Mr. Ankit Jain
- Mr. Rajmohan Nirmal Kumar Kothari
*Registrar*
=========
- PIONEER CONSULTANTS LTD
SC is not known to host website of its own at present.
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 shares: 1,000,000
Shareholders Country Number Amount (HKD) %
Mr. Ankit Jain India 700,000.00 700,000.00 70.00
Mr. Rajmohan Nirmal Kumar Kothari
India 300,000.00 300,000.00 30.00
*Company Secretary*
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PIONEER CONSULTANTS LTD
C.R. no. : 670846
Address : Rm 828 Willy Commercial Bldg 28-36 Wing Kut
St Central Hong Kong
Date of appointment : 28
April, 2008
*COMPANY DIRECTORS*
======================
Name : Mr. Ankit Jain
Nationality : India
ID/Passport No. : G2697653
Registered Address : Flat A-1 Block A 2Fl Friends House 6C Carnarvon Rd,
Tsimshatsui, Kowloon
Country of Residence : Hong Kong
Date of Appointment : 28 Apr, 2008
Name : Mr. Rajmohan Nirmal Kumar Kothari
Nationality : India
Registered Address : Flat A-1 Block A 2Fl Friends House 6C Carnarvon Rd,
Tsimshatsui, Kowloon
Country of Residence : Hong Kong
Date of Appointment : 28 Apr, 2008
*Main Products & Services*
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Specializes in trading wide range of diamonds and gems.
Products: Diamonds
Gems
*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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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 5 OBTAINED SCORES : 33
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Rating Key |
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.
Since the company was only established two (2) months ago no financials
have been lodged.
*BANK DETAILS*
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Bank Name : BANK OF INDIA
Branch : Central, Hong Kong
Branch Address : 2Fl Ruttonjee House - Dina House 11 Duddell St
SWIFT Code : BKIDHKHH
Bank Name : HANG SENG BANK LTD
Branch : Central, Hong Kong
Branch Address : Level 21 Hang Seng Bank Bldg 83 Des Voeux Rd
SWIFT Code : SCBLHKHH
SC was established recently in 2008, and its credit has not been
established yet. Credit dealings with SC should be confined into COD at
present.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961
Jewelry of materials other than solid
gold, platinum & silver
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7103995000
Gemstones otherwise worked not
suitable for use in jewelry
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Importing
Middle-East Exporting
North America Exporting
India Importing
USA Exporting
United Arab Emirates
Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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 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%)