MIRA
INFORM REPORT
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Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAI GEMS INT'L |
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Registered Office : |
Unit 1001 Katherine House 53-55 Chatham Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Com. Reg. No.: |
19162546-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading of Jewelry and other Related Products. |
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
SAI
GEMS INT'L
UNIT 1001 KATHERINE HOUSE 53-55 CHATHAM RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23661687 FAX: 852-27309828
EXECUTIVE SUMMARY
INCORPORATION DATE : N/A
REGISTRATION NO. :
19162546-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. DEEPAK BUDHRANI (REPRESENTATIVE)
STAFF STRENGTH :
10
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 2,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78660 = 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
*Office & Facilities*
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Other contact details
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Tel no : 23170238
E-mail : dknjewhk@netvigator.com
Previous address: Unit 601 Fullcorp Center 53-55 Chatham Rd Tsimshatsui
Kowloon
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: saigemshk@gemkey.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
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Mr. Deepak Budhrani
Mr. G. K. Budhrani
Management: Mr. Deepak Budhrani,
Representative
Mr. G. K. Budhrani, Representative
Name Nationality
Job Description
Mr. Deepak Budhrani Hong Kong Representative
Mr. G. K. Budhrani Hong
Kong Representative
*Main Products & Services*
======================
Specializes in trading of jewelry and other related products.
Products: Diamond jewelry
Gems
Ruby sapphire
*Payment Terms*
==============
Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : Hongkong
International Jewellery Show 2000
Dates attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
(2)
Exhibition fair : AGTA Tucson
2008 Gem Show
Dates attended : 6-11 February, 2008
Location : Tucson
Convention Center
*Local Distribution Network*
======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : SAI GEMS
INT'L - KOWLOON
Branch Address : Rm 1319 Beverly Commercial Center 87-105 Chatham Rd
Tsimshatsui, Kowloon,
PAYMENT RATING : 4 OBTAINED SCORES :
47
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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 partnership company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
In view of SC's operation scale & nature of business, it seems more
appropriate to confine credit dealings to small amount at present.
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 7101 Pearls,
natural or cultured, not strung or set etc
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103910000 Rubies,
sapphires and emeralds, otherwise worked
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
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%)