MIRA INFORM
REPORT
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Report Date : |
26.04.2011 |
IDENTIFICATION DETAILS
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Name : |
JEBEL
GEMS INT. |
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Registered Office : |
Flat A, 16/F., Peninsula Apartments, 16 Mody Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.02.1999 |
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Com. Reg. No.: |
22270273-000-02 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of gems, sapphires, ruby and other precious stones |
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 |
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 |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
JEBEL GEMS
INT.
Company ADDRESS
Flat A, 16/F., Peninsula Apartments, 16 Mody Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2367 0173
FAX: 2367 0175
MANAGEMENT
Manager: Mr. Avinash Chandrakani Bhurke
SUMMARY
Establishment: 11th February, 1999.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
Banking Relation: Fair.
Company ADDRESS
Head Office:-
Flat A, 16/F., Peninsula Apartments, 16 Mody Road, Tsimshatsui, Kowloon, Hong Kong.
Associated/Affiliated
Companies:-
*# A.T. Gems, Hong Kong.
* AB Jewellery Ltd., Hong Kong.
* Akshar Gems, Hong Kong.
# Anitadiam, Hong Kong.
* D and V International, Hong Kong.
* S.K. Gems, Hong Kong.
(* Same owner
# Same address)
BUSINESS REGISTRATION NUMBER
22270273-000-02
MANAGEMENT
Manager: Mr. Avinash Chandrakani Bhurke
SOLE PROPRIETOR
Name: Mr. Avinash Chandrakani BHURKE
Residential Address: Flat C, 5/F., Hong Sun Building, 45-47 Carnarvon Road, Tsimshatsui, Kowloon, Hong
Kong.
HISTORY
The subject was originally established on 11th February, 1999 as a sole proprietorship concern of Mr. Avinash Chandrakani Bhurke under the Hong Kong Business Registration Regulations. On 17th May, 2000, Mr. Sonal Vithalbhai Patel joined in and since then the subject had become a partnership concern. However, Mr. Sonal Vithalbhai Patel retired on 10th December, 2007 and the subject became a sole proprietorship again.
At the very beginning, the subject was located at Flat C, 5/F., Hong Sun Building, 45-47 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat 1, 7/F., 1 Hanoi Road, Tsimshatsui, Kowloon, Hong Kong in October 2003, and further to the present address in November 2010.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of gems, sapphires, ruby and other precious stones.
Employees: Nil.
Materials/Commodities: Imported from Europe, India, other Asian countries, etc.
Markets: Southeast Asia, Japan, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a small profit in 2010.
Condition: Keeping in a normal state.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: Industrial & Commercial Bank of China (Asia) Ltd., Hong Kong.
Standing: Small.
GENERAL
Jebel Gems Int. was a partnership concern jointly owned by Mr. Avinash Chandrakani Bhurke and Mr. Sonal Vithalbhai Patel, both of whom are Indian. Now, it is solely owned by the former as the latter has retired.
Bhurke has been in Hong Kong for a very long time. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject’s registered address, which is in a private building, is not accessed by outsiders. Located at Flat A, 16/F., Peninsula Apartments, 16 Mody Road, Tsimshatsui, Kowloon, Hong Kong, the subject’s new registered address is also the new residence of Bhurke.
Your given phone number 219-076-6906 and fax number 212-367-0175 are not Hong Kong lines.
The subject is trading in all kinds of gems, sapphires, ruby and other precious stones. It imports rough, polished or cut diamonds from Europe, India, other Asian countries, etc. and processes into jewellery and other ornaments in Hong Kong. Finished products are marketed in Hong Kong, exported to Southeast Asia, Japan, Europe, etc.
The subject has had two more affiliated or associated firms located at the same address, namely, A.T. Gems and Anitadiam. Both are diamond trading firms and have registered with the Hong Kong Government. A.T. Gems is also owned and operated by Bhurke.
Bhurke is also operating other firms, namely, AB Jewellery Ltd., Akshar Gems, D and V International, and S.K. Gems. Incorporated on 17th August, 2006, AB Jewellery Ltd. is wholly-owned by Bhurke who is also the only director of this firm. Also trading in diamonds, all these firms are located at a different address, and are also registered in Hong Kong.
The subject’s business is chiefly handled by Bhurke himself.
As the history of the subject in Hong Kong is over twelve years and two months, on the whole, consider it good for business engagements in small credit amounts.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.45 |
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|
1 |
Rs.73.35 |
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Euro |
1 |
Rs.64.78 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.