MIRA INFORM
REPORT
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Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
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Name : |
JINA
GEMS |
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Registered Office : |
Room 1405, 14/F., |
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Country : |
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Date of Incorporation : |
15.02.1994 |
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Com. Reg. No.: |
17815672-000-02 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of loose
diamonds, gemstones, etc |
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 : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
JINA GEMS
Company ADDRESS
Room 1405, 14/F.,
PHONE: 2721 3650
FAX: 2369 5443
MANAGEMENT
Manager: Ms. Jina Hemandra Patel
SUMMARY
Establishment: 15th February, 1994.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Annual Turnover: US$1.5~2.0 million.
Employees: 2
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
company ADDRESS
Head Office:-
Room 1405, 14/F.,
BUSINESS REGISTRATION NUMBER
17815672-000-02
MANAGEMENT
Manager: Ms. Jina Hemandra Patel
SOLE PROPRIETOR
Name: Ms. Jina Hemandra PATEL
Residential Address: 12/F.,
Block B, Kok Pah Mansion,
Kong.
HISTORY
The subject was established on 15th February, 1994 as a sole proprietorship concern owned by Ms. Jina Hemandra Patel under the Hong Kong Business Registration Regulations.
At
the very beginning, the subject was located at 12/F., Block B, Kok Pah Mansion,
58-60 Cameron Road, Tsimshatsui, Kowloon, Hong Kong, moved to Room 928, 9/F.,
Beverley Commercial Centre, 87-105 Chatham Road South, Tsimshatsui, Kowloon,
Hong Kong in July 2003, and further moved to the present address in March 2006.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of loose diamonds, gemstones, etc.
Employees: 2
Commodities Imported:
Markets:
Annual Turnover: US$1.5~2.0 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a very small profit every year.
Condition: Keeping in a steady state.
Facilities: Making fairly active use of general banking facilities.
Payment: Met obligations on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Jina
Gems is a sole proprietorship set up and owned by Ms. Jina Hemandra Patel who
is an Indian businesswoman. As the
manager of the subject, Patel is a Hong Kong ID Card holder and has got the
right to reside in
Established
in February 1994, the subject is a diamond and gemstone trader. It is trading in loose diamonds, emerald,
ruby, sapphire, aqumarine, taurmaline amythist blue topaz, other coloured
stones, etc. Products are chiefly
imported from
The subject has claimed to be an international jewellery purchaser for a very long time.
The
subject’s business is chiefly handled by Mr. Hemendra Patel who is a family
member of Ms. Jina Hemandra Patel. H.
Patel also has been in
Annual sales turnover of the subject ranges from US$1.5 to 2.0 million.. Making a small profit every year.
The
subject also acquires commodities from
The
subject’s history in
On the whole, consider it good for normal business engagements.
COURT CASES: None per our records.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.31 |
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1 |
Rs.70.26 |
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Euro |
1 |
Rs.59.56 |
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.