MIRA
INFORM REPORT
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Report Date : |
10th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
EMBASSY
INTERNATIONAL HK LIMITED |
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Registered Office : |
Unit D
26fl, 8 Hart Ave Tsimshatsui Kowloon, Hong Kong |
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Country : |
Hong
Kong |
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Date of Incorporation : |
11.07.2006 |
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Com. Reg. No.: |
1058238 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in trading diamonds. |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Company name
EMBASSY
INT'L (HK) LTD
UNIT D
26FL, 8 HART AVE TSIMSHATSUI KOWLOON, HONG KONG
TEL : 852 23684768
FAX :
852 27395226
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 11, 2006
REGISTRATION NO. :
1058238
CHIEF EXECUTIVE :
MR. PURAN SINGH BAJETHA (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
NO YET DETERMINED
RECOMM. CREDIT RANGE :
UNDER SECURED TERMS
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
NA
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.78315 = US$1 AS OF 2006-11-10
*Company Registration*
===================
(1)
License number
: 1058238
Date issued : 11 July,
2006
Issuing authority
: Companies Registry
(2)
License number
: 36954081-000
Date issued : N/A
Issuing authority
: Inland Revenue Dept.
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00, fully paid
*Corporate & Organization Structure*
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A small-sized company operated and managed by an
experienced team of professionals.
*Reputation*
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Due to the recent incorporation of the firm, no
meaningful points of reference in terms of reputation within the jewelry
industry was possible.
*Approved Signatures*
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Only Mr. Chirag Mahendra Gandhi can sign on behalf
of the company with seal affixed.
E-mail :
dxdiam@hotmail.com
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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Shareholders' Name Amount of Shares (HKD)
% of Shares
--------------------------- ---------------------------------- -----------------
Puran Singh Bajetha 9,000.00 90.00
Undisclosed
Inventors 1,000.00 10.00
*Director's Details*
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(1)
Chirag Mahendra Gandhi
Founder : Co-founder
Passport no. : F2526959
Address : 1201/C Tirupati Apartment B Desai Rd,
Mumbai (Bombay), Maharashtra India
(2)
Yogesh Ratilal Gandhi
Founder : Co-founder
Passport no. : Z1024903
Address : Pooja Abhishek Bldg Suashi B/H Namrata Apts
Lal Bungleo, Surat, Gujarat, 395007 India
*Corporate Secretary*
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HARRIS SECRETARIES LTD
Date of
appointment : 11 July, 2006
Name Nationality
Job Description
Mr. Chirag Mahendra Gandhi Indian Director
Mr. Puran Singh Bajetha Indian General
Manager
Mr. Yogesh Ratilal Gandhi Indian Director
*Key Personnel*
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Puran Singh Bajetha
Founder :
Co-founder
HKID no. :
K983270(A)
Address : Flat
B 3Fl, 35-37 Hankow 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 diamonds.
Products : Diamonds
*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)
*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 export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
0
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Implication |
Implications |
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1 |
Scores
85100 |
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.
As a private limited company there is no legal
requirement according to local corporate law for public disclosure of detailed
financials.
Additionally as the company was only established
four months ago no financials have been lodged.
SC was
established recently in 2006, and its credit has not been established yet.
Credit dealings with SC are recommended under secured terms at present.
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
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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