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MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
MARVAL GEMS (HONG KONG) LTD |
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Registered Office : |
RM 1606 16 Fl Hart Ave Plaza , 5-10 Hart Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.12.1999 |
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Com. Reg. No.: |
0699297 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of Jewelry Gems. |
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
MARVAL GEMS (HONG KONG) LTD
RM 1606 16FL HART AVE PLAZA
5-10 HART AVE TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27239789 FAX:
852-27244544
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 29, 1999
REGISTRATION NO. :
0699297
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. NIRAJ SURESH MEHTA (DIRECTOR)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,000,000
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80529 = 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
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*Company Registration*
===================
(1)
License number : 0699297
Date issued : 29
December, 1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 30624098-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Sales Dept
Type of license : Business
Name
*Capital Details*
==============
Authorized capital : USD
1,000,000.00 divided into 100,000 shares at USD 10.00/-each, fully paid
*Office & Facilities*
=================
Other tel no. : 27210114
*Approved Signatures*
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Only Mr. Niraj Suresh Mehta can sign on behalf of the company with seal
affixed.
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SC is not known to host website of its own at present.
E-mail: niraj@marvalgems.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 100,000
Shareholders Country Number Amount (USD) %
Mrs. Hina Rajesh Modi Israel 99,999.00 999,990.00 100.00
Mr. Niraj Suresh Mehta India 1.00 10.00 0.00
*Company Secretary*
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DHUN'S MANAGEMENT SERVICES LTD
Address : 7Fl Man On
Commercial Bldg 12-13 Jubilee St Central Hong Kong
CR no. : 27006
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*COMPANY DIRECTORS*
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1
Name :
Mr. Niraj Suresh Mehta
Nationality :
India
ID/Passport No. :
P952832(A)
Registered Address : Flat A 10Fl
South Sea Apartment 81 Chatham Rd, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mrs. Hina Rajesh Modi
Nationality :
Israel
ID/Passport No. :
P952832(A)
Registered Address : 2Fl,
5/5 Gilaad St, Ramat Gan, 52260
Country of Residence : Israel
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*Main Products & Services*
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Specializes in trading of jewelry gems.
Products: Fancy, cut diamonds
Fine jewelry
Gems
Jewelry
Loose 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
Import : Letter of Credit
(L/C)
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 4 OBTAINED SCORES :
49
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a development history of 9
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Pear-shaped
diamonds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)