MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTER-GEMS (HK) LTD |
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Registered Office : |
5FL Kaiseng Commercial Centre 4-6 Hankow Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.10.1997 |
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Com. Reg. No.: |
0626569 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchasing of gems and jewelry. Distribution of purchased products to local and overseas markets. |
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
INTER-GEMS (HK) LTD
5FL KAISENG COMMERCIAL CENTRE 4-6 HANKOW RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-23685589
FAX : 852-23689116
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 15, 1997
REGISTRATION NO. :
0626569
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
3
CAPITAL :
US$ 64,313
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75340 = 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 Registration*
===================
(1)
License number : 0626569
Date issued : 15 October,
1997
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 21311654-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 501,000.00 divided into 501,000 ordinary shares
at HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Mr. Dipan Jagdish Patel can sign on behalf of the company with seal
affixed.
www.intergemshk.com The design is professional and the content
is well organized. At present it is in English version.
E-mail: inter-gems@trapz.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 3
Total number of ordinary shares : 501,000
Shareholders' name No. of ordinary shares Amount of shares (HKD) % of Shares
--------------------------
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----------------------------------
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SHRENUJ (MAURITIUS) PVT LTD 255,510 255,510.00 51
Ms. Anita Patel 240,480 240,480.00 48
Mr. Dipan Jagdish Patel 5,010 5,010.00 1
Share Transfer :
Date of transfer
Transferor Transferee
No. of shares
---------------------
-------------- --------------
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22 July, 2006 SHRENUJ
& CO LTD SHRENUJ
(MAURITIUS) PVT LTD 255,510
*Directors' Details*
===============
(1)
Mr. Vishal Shreyas Doshi
India Passport No : F4200428
Address : 162 Neelamber
37 Gopalrao Deshmukh Marg Mumbai (Bombay) Maharashtra 400026 India
(2)
Mr. Dipan Jagdish Patel
HKID No : P356913(A)
Address : 5Fl Kaiseng Commercial
Centre 4-6 Hankow Rd Tsimshatsui Kowloon Hong Kong
Email :
dipan@inter-gemshk.com
(3)
Ms. Anita Patel
HKID No : K299621(9)
Address : 5Fl Kaiseng Commercial
Centre 4-6 Hankow Rd Tsimshatsui Kowloon Hong Kong
*Company Secretary*
=================
RELIABLE COMPUTERS & ACCOUNTANTS CO LTD
Address : Rm 1321 Hollywood
Plaza 610 Nathan Rd Mongkok Kowloon Hong Kong
CR no. : 227077
SC management background details are not available at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing of gems and jewelry.
2. Distribution of purchased products to local and overseas markets.
Products: Baguettes
Diamond
jewelry
Emerald
jewelry
Emeralds
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)
*Exhibition Participation*
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Exhibition/Fair : Hong Kong
Int'l Jewellery Show (HKIJS)
Date scheduled : 6-10 March,
2007
Location : Hong Kong
*Associations*
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Member of Shanghai Diamond Exchange (SDE)
*Local Distribution Network*
=======================
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.
*International Exhibition Participation*
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Participated in the following international exhibitions:
(1)
Exhibition/Fair : China Int'l
Gold, Jewellery & Gem Fair
Dates attended : N/A
Location : Shenzhen
China
(2)
Exhibition/Fair : Jewel Fair
Korea
Dates attended : 28 June - 1
July, 2007
Location : South
Korea
*Strategic Partners & Alliances*
=========================
Group name : SHRENUJ Group
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 development history of
10 years.
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
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or
roughly
shaped, not strung, mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Marquise
Trader Pearl
Trader Emerald
jewelry
Trader Emeralds
Trader Polished
diamonds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
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%)