MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
CORUNDUM HONGKONG LTD |
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Registered Office : |
Suite 305 Chevalier House 45-51 Chatham Rd Tsimshatsui Kowloon,
Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
August
11, 1997 |
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Com. Reg. No.: |
0620186 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged in trading of diamonds and jewelry. |
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/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
CORUNDUM HONGKONG LTD
SUITE 305 CHEVALIER HOUSE 45-51 CHATHAM RD
TSIMSHATSUI KOWLOON,
HONG KONG
TEL: 852 23679195
FAX: 852 27230167
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 11, 1997
REGISTRATION
NO. : 0620186
LEGAL FORM : PRIVATE LIMITED
COMPANY
CHIEF
EXECUTIVE : MR. DEEPAK
KUMAR MORE (CHAIRMAN)
STAFF
STRENGTH : 6
CAPITAL : US$ 128,866
BUSINESS
LINE : TRADER
TURNOVER : NA (AS OF DEC.
31, 2005)
EQUITIES : NA (AS OF
DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO USD 10,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.77987 = US$1 AS OF 2006-11-6
*Company Registration*
===================
(1) License number : 0620186
Date issued : 11 August, 1997
Issuing authority
: Companies Registry
Legal form : Limited Liability Company
Type of license
: Corporate
(2) License number : 21194107
Issuing authority : Inland Revenue Dept.
Type of license
: Business
*Capital Details*
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Share value
: HKD 10.00/-each
Nominal capital : HKD 1,000,000.00
Paid-up capital
: HKD 20.00 divided into 2 ordinary shares
*Corporate & Organization Structure*
============================
A small sized company mainly operated and managed
by an experienced team of professionals.
*Reputation*
===========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
Website
: www.corundum.net SC's
website is unable to be landed at present for the technical reason.
E-mail :
morechk@netvigator.com
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 2
Total number of shares : 2
Shareholders' Name No of
Shares Amount of Shares (HKD)
% of Shares
------------------------- ------------------ ----------------------------------- -------------
Mr. Deepak Kumar More 1 10.00 50.00
Mr. Smita More 1 10.00 50.00
*Director's Details*
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Mr. Smita More
HKID no : P285186(9)
Address : 6/E Cliffview Mansions 25 Conduit Rd
Mid-levels Hong Kong
*Company Secretary*
=================
DHUNS MANAGEMENT SERVICES LTD
HK CR no. : 27006
Address : 7Fl Man On Commercial Bldg 12-13 Jubliee St
Central Hong Kong
Name Nationality
Job Description
Mr. Deepak Kumar More British General
Manager
Mr. Smita More Indian Director
*Key Personnel*
==============
Mr. Deepak Kumar More
Founder : Co-Founder
UKID no
: XD621362(1)
Address : 6/E Cliffview Mansions 25 Conduit Rd
Mid-levels Hong Kong
Working experience
: More than 5 years
Responsibilities : Handles the daily operation of the firm including all
financials and legal matters.
*Main Products & Services*
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Specializes in trading diamonds and jewelry.
Products : Cut
diamonds
Cut rubies
Diamonds
Jewelry
Sapphires
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Exhibition Participation*
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Exhibition fair
: Hongkong International Jewellery Show 2000
Dates attended
: 6-9 March, 2000
Location : Hongkong Convention & Exhibition Centre
*Local Distribution Network*
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40% of the annual turnover is attributed to local
sales
*Export Markets*
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60% of the annual turnover is attributed to
export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 4
OBTAINED SCORES : 48
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Rating
Key |
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 private limited company there is no legal
requirement according to local corporate law for public disclosure of detailed
financials.
SC is
considered small-sized in its line with favorable market conditions. It is
considered a credit line up to USD10,000 appears to be within SC’s capacities.
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 7102 Diamonds, worked or not, not mounted or set
Trading 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or
simply sawn
or
roughly shaped, not strung, mounted or set
Trading 7103910020 Sapphires cut but not set for jewelry
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to South Korea
Exporting to Taiwan
Exporting to USA
Importing from Asia
Importing from China
Importing from India
Importing from Thailand
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/normal. |
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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