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MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHRENUJ JEWELRY (FAR EAST) LTD |
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Registered Office : |
Unit K-4, 4FL Kaiser Estate - Phase 2, 51 Man Yue St,
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.05. 2006 |
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Com. Reg. No.: |
1044799 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of jewelry products. Sales and distribution of imported 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
SHRENUJ JEWELRY (FAR EAST) LTD
UNIT K-4, 4FL KAISER ESTATE - PHASE 2, 51 MAN YUE ST
HUNGHOM KOWLOON, HONG KONG.
TEL : 852-27663800
FAX : 852-27663893
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
13, 2006
REGISTRATION NO. :
1044799
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. VISHAL SHREYAS DOSHI (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 128,370
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79936= 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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*Trading Name*
============
Although the company is legally registered by the name listed above, it is
commonly known as SHRENUJ JOS LTD under which it operates locally.
*Company Name*
==============
Incorporated as :
SHRENUJ (JEWELRY OUTSOURCING) LTD
Date of incorporation : 13 May,
2006
Changed name to : SHRENUJ
JEWELRY (FAR EAST) LTD
Date of change : 12
October, 2007
*Company Registration*
==================
(1)
License number : 1044799
Date issued : 13 May,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36752328-000
Issuing authority : Business
Registration Office - Inland Revenue Department
Type of license : Business
*Capital Details*
=============
Share value : HKD
1.00/-each
Authorized capital : HKD
1,000,000.00
Paid-up capital : HKD 156,000.00 divided into 156,000
ordinary shares
*Corporate & Organization Structure*
============================
A small company operated and managed by an experienced team of
professionals.
*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. Nihar Nitin Parikh 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: neil.sonawala@shrenuj.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 shareholder : 1
Total number of shares :
156,000
Share class
: Ordinary
Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------ -------------------------------- ----------------
SHRENUJ (MAURITIUS) PVT LTD 156,000 156,000.00
100
*Director's Details*
===============
Mr. Nihar Nitin Parikh
India passport no. : F4759248
Address : D-33
Tahnee Heights Petit Hall, 66 Nepean Sea Rd Mumbai (Bombay) Maharashtra India
*Company Secretary*
=================
RELIABLE COMPUTING & ACCOUNTING LTD
CR no :
0227077
Address : Rm
1321 Hollywood Plaza 610 Nathan Rd Mongkok Kowloon Hong Kong
Date of appointment : 16 May, 2006
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Management: Mr. Vishal Shreyas
Doshi, General Manager
Mr. Neil Sonawala, Representative
Name Nationality
Job Description
Mr. Vishal Shreyas Doshi Indian
General Manager
Mr. Neil Sonawala Hong
Kong Representative
*Key Personnel*
============
(1)
Mr. Vishal Shreyas Doshi
Founder : Co
founder
India passport no. : F4200428
Address : 405
Draham Palace 100-103 N S Patkar Marg Mumbai (Bombay) Maharashtra 400007 India
Work experience : More than 5
years
Responsibilities : Handles
the daily operation of the firm including all financials, sales and legal
matters
(2)
Mr. Neil Sonawala
Mobile no. : 92828274
E-mail :
neil.sonawala@shrenuj.com
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*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing of jewelry products.
2. Sales and distribution of imported products to local and overseas
markets.
Products: Diamonds
Jewelry
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=======================
50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export.
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SC is not known to have any subsidiary at
present.
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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.
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As a 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 an acceptable base to come
into credit dealings of small amount.
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
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to Middle East
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
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%)