MIRA
INFORM REPORT
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Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
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Name : |
CRYSTURAL GEMS |
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Registered Office : |
Room D, 6/F, |
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Country : |
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Date of Incorporation : |
1999 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Wholesaler and Exporter of Intermediate 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 : |
Regular |
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Litigation : |
Clear |
name of
the company
CRYSTURAL GEMS
Business Address
Room D, 6/F, Lake
View Garden, Tower 2
21 Yau On Street
Shatin
N.T
Hong Kong
Tel: +852-23671144
Fax: +852-23672244
SUMMARY
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Founded: |
1999 |
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Legal form: |
Sole Proprietorship |
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Registration date: |
23.09.1999 |
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ACTIVITY: |
Wholesaler & Exporter |
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Main Products: |
intermediate products |
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Staff: |
2 (2 in Hong Kong) |
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Financial situation: |
Modest but ordered |
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Payments: |
Payments are made according to terms |
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Litigation: |
clear |
Registration status:
1999 - Registered company
Activity status: 1999 - Active company
IDENTIFICATION
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Name: |
Crystural Gems |
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Telephone: |
+852-23671144 |
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Fax: |
+852-23672244 |
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Business Address: |
Room D, 6/F, Lake View Garden, Tower 2 |
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Registered Address: |
Room D, 6/F, Lake View Garden, Tower 2 |
HISTORY AND REGISTRATION
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Founded: |
1999 |
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Legal form: |
Sole Proprietorship |
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Registration date: |
23.09.1999 |
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BR Number: |
30389498 |
SHAREHOLDERS
PAYMASTER
Gaurang Ranesh
Flat C, 4/F, Block 3, Site 4
Palm Mansion, Whampoa Garden
Hung Hom
Hong Kong
Proprietor
MANAGEMENT
Mr. Gaurang Ranesh
Paymaster, Proprietor
Mr. Paymaster is active in subject's daily operations. He is responsible for
overall management.
ACTIVITY
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NATURE OF BUSINESS: |
Wholesaler & Exporter |
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NACE: |
4676 Wholesale of other intermediate products |
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Main products: |
intermediate products |
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Activity comment: |
Subject is engaged in exporting and wholesaling of intermediate
products. However, Mr Gary declined to disclose specific products, but are
estimated to be gemstones. |
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MARKETS: |
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PURCHASES: |
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PREMISES
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Address: |
Room D, 6/F, Lake View Garden, Tower 2 |
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Type of premises: |
office premises |
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Area: |
Residential |
Located in residential area.
STAFF:
Total staff: 2
Staff in Hong Kong: 2
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IMPORTANCE: |
Small Company |
FINANCE
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Financial situation: |
Modest but ordered |
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Status of company: |
Properly run |
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Business trends: |
Stagnant |
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Direct interview: |
Mr Gary, manager |
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Financial data source: |
Declined to disclose financial information |
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Subject declined to disclose financial
information on the ground of undisclosed identity of the ultimate enquiry under
its company policy.
Subject is unlimited company and therefore has no record under the Companies
Registry, does not have paid-up capital and has unlimited liability.
Bankers
The Hongkong and Shanghai Banking Corporation Limited, Level 9, Hongkong
Bank Bldg., 1 Queen's Road,
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Facilities: |
no facilities provided by bank |
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Payments: |
Payments are made according to terms |
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Litigation records: |
clear |
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Insolvency Information: |
Accordi ng to available information sources the
company is not in a insolvency/Preliminary/debt regulation proceeding. |
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Negative file check: |
clear |
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Company comment: |
Secure terms are recommended. Small business is deemed carried out with
limited resources for regular financial commitments. Capability to overcome
financial difficulties is deemed limited. Business should be done on a secured
basis with close monitoring.
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.74 |
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UK Pound |
1 |
Rs.74.37 |
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Euro |
1 |
Rs.62.78 |
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%)