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Report Date : |
05.07.2012 |
IDENTIFICATION DETAILS
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Name : |
P. V. GEMS |
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Registered Office : |
Room 2301, 23/F., World-Wide House, |
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Country : |
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Date of Incorporation : |
13.01.2011 |
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Com. Reg. No.: |
53611614-000-01 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of all kinds of gems |
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No. of Employees : |
Not Available |
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 : |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
P. V. GEMS
c/o Wingate
Business Ltd.
Room 2301, 23/F.,
World-Wide House, 19 Des Voeux Road Central, Hong Kong.
PHONE: 2830 9999
FAX: 2830 9998
E-MAIL: pv.gems20@gmail.com
Manager: Ms. Pooja Jain
Establishment: 13th January, 2011.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Gem Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
P. V. GEMS
Head
Office:-
c/o Wingate
Business Ltd.
Room 2301, 23/F.,
World-Wide House, 19 Des Voeux Road Central, Hong Kong.
53611614-000-01
Manager: Ms. Pooja Jain
Name: Ms. Pooja JAIN
Residential
Address:Flat D, 13/F., Block 1, Tung Chung Crescent, Tung Chung, New
Territories, Hong Kong.
The
subject was established on 13th January, 2011 as a sole proprietorship concern
owned by Ms. Pooja Jain under the Hong Kong Business Registration Regulations.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer and Exporter.
Lines: All kinds of gems.
Employees: Nil.
Commodities Imported: India, Sri-Lanka, other Asian countries, etc.
Markets: Hong Kong, China, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C. T/T, D/P, etc.
Capital: Not disclosed.
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
P.
V. Gems is a sole proprietorship set up and owned by Ms. Pooja Jain who is an
Indian businesswoman. Being manager of
the subject, she is a Hong Kong ID Card holder and has got the right to
reside in Hong Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Room
2301, 23/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong known as Wingate
Business Ltd. which is handling its correspondences and documents.
The
subject has no employees in Hong Kong.
Its operating address seems to be in the residence of Jain which is in
Tung Chung, New Territories, Hong Kong.
The
subject is trading in all kinds of gemstones.
It also carries the following semi-precious stones: Aquamarine, Pink
Amethyst, Rubylite, Green Amethyst, Blue Topaz, Lemon Topaz, Citrine, Smokey
Topaz, Kunzite, Peridot, Morganite, Pink Tourmalines, Amethyst, Pink Topaz,
Garnet, Rose Quartz, etc.
Commodities
are imported from India, Sri-Lanka, other Asian countries. Prime markets are Hong Kong, China, the other
Asian countries, etc. Business is still
under development.
Business
commenced in January 2011, the subject is just a one-person company.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.55 |
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|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.68.70 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
-- |
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.