MIRA
INFORM REPORT
|
Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
OM GEM CREATION LTD |
|
|
|
|
Registered Office : |
RM 707, 7fl Fu Hang Industrial Bldg 1 Hok
Yuen St East Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
17.09.2004 |
|
|
|
|
Com. Reg. No.: |
0923114 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import and Local Purchase of Polished Diamonds |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name and address of the company
OM
GEM CREATIONS LTD
RM 707, 7FL FU HANG INDUSTRIAL BLDG
1 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG
KONG.
TEL: 852-27230097 FAX: 852-23111884
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 17, 2004
REGISTRATION NO. :
0923114
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
2
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79860 = 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 : 0923114
Date issued : 17
September, 2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34953758-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid.
*Approved Signatures*
=================
Satish Vithalbhai Goyani can sign on behalf of the company with seal
affixed.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Registrar*
========
ALTO PROFITTO SECRETARIAL LTD
SC is not known to host website of its own at present.
E-mail: omgem@biz.netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 10,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- ---------------------------- -------------------------------- ----------------
Shailesh Kumar Vallabh Bhai Patel 5,000 5,000.00 50.00
Satish Vithalbhai Goyani 5,000
5,000.00
50.00
*Directors' Details*
==============
(1)
Satish Vithalbhai Goyani
HKID number : R249960(5)
Address : Rm 707, 7Fl Fu
Hang Industrial Bldg 1 Hok Yuen St East, Hunghom, Kowloon Hong Kong
(2)
Shailesh Kumar Vallabh Bhai Patel
HKID number : P457929(5)
Address : Rm 707, 7Fl Fu
Hang Industrial Bldg 1 Hok Yuen St East, Hunghom, Kowloon Hong Kong
*Company Secretary*
================
Satish Vithalbhai Goyani
HKID number : R249960(5)
Address : Rm 707, 7Fl Fu
Hang Industrial Bldg 1 Hok Yuen St East, Hunghom, Kowloon Hong Kong
SC declined to release its management background at present.
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Import and local purchase of polished diamonds.
2. Sale and distribution of purchased products to local and overseas
markets.
Products: Polished diamonds
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
46
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 short history. Credit
dealings with SC should be confined into small amount 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
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 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
Importing from Asia
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.39 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)