MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
SG TRADING CO |
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Registered Office : |
Flat
D 8fl Windsor Mansion 29-31 Chatham Rd Tsimshatsui Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
21867346-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in trading of diamonds |
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
Concern |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME & ADDRESS
SG TRADING CO
FLAT D
8FL WINDSOR MANSION 29-31 CHATHAM RD
TSIMSHATSUI
KOWLOON,
HONG KONG
TEL: 852 90186070
FAX: 852 23753700
EXECUTIVE SUMMARY
INCORPORATION DATE :
1998
REGISTRATION NO. :
21867346-000
CHIEF EXECUTIVE :
MR. SHARMA ANIL KUMAR (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
UP TO USD 5,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77920 = US$1 AS OF 2006-11-6
*Company Registration*
===================
License number
: 21867346-000
Year issued : 1998
Issuing authority
: Inland Revenue Dept.
Type of license
: Business
*Corporate & Organization Structure*
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A small sized company 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.
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Shareholders' Name % of Shares
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Mr. Sharma Anil Kumar 50.00
Mr. Devang
Sevantilal Shah 50.00
*Director's Details*
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Mr. Devang Sevantilal Shah
HKID No. :
P3435974
Address :
Flat 7C Ear East Mans 5-6 Middle Rd, Tsimshatsui, Kowloon, Hong Kong
Name Nationality
Job Description
Mr. Devang Sevantilal Shah Indian Director
Mr. Sharma Anil Kumar Indian General Manager
*Key Personnel*
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Mr. Sharma Anil Kumar
Founder : Co-Founder
HKID No. : P4602688
Address : Flat 7C Ear East Mans 5-6 Middle Rd, Tsimshatsui,
Kowloon, Hong Kong
Work 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 of diamonds.
Products : Diamonds
*Payment Terms*
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Sales
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Local :
Cash or 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)
*Local Distribution Network*
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50% of the annual turnover is attributed to local
sales.
*Export Markets*
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50% of the annual turnover is attributed to
exports.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
47
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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 privately owned 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 USD5,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
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 7102100000 Diamonds, unsorted
Trading 7116 Articles of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
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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