MIRA
INFORM REPORT
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Report Date : |
11th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
S. GOLDI |
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Registered Office : |
13/F, Katherine House, 53-55 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
15-7-2004 |
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Com. Reg. No.: |
34729874 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in import & export of diamond &
jewellery. |
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 : |
Usually
Correct |
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Litigation : |
Clear |
Name & address
S. GOLDI
13/F, KATHERINE HOUSE, 53-55 CHATHAM ROAD SOUTH,
TSIMSHATSUI, KOWLOON, HONG KONG.
TEL: 852 31705172
FAX: 852 31714224
EXECUTIVE SUMMARY
INCORPORATION DATE : 15-7-2004
REGISTRATION NO. : 34729874
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : PATEL MANISHKUMAR
SAVJIBHAI (SOLE PROPRIETOR)
STAFF STRENGTH :
3
AUTHORIZED
CAPITAL : [IN HONG KONG, UNLIMITED COS. ARE NOT REQUIRED TO FILE
ITS CAPITAL PARTICULARS TO BR OFFICE (THE
INLAND
REVENUE)]
PAID-UP
CAPITAL : NOT
APPLICABLE
BUSINESS LINE : IMPORT & EXPORT OF DIAMOND & JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78470 = USD1 AS OF 2006-09-25
SC was established under Business Registration
number 34729874 on 15-7-2004 with present status as sole proprietorship.
Currently obtained BR copy indicate the particulars
of SC's principal(s) are as follows:
Name(s) of
principal(s) & ID/Passport number(s) Registered address
- Patel Manishkumar Savjibhai Rm
F, 14/F, Hilton Tower,
/
P2401529 96
Granville Road,
Tsimshatsui East, Kowloon, Hong Kong.
Certain material change or amendment regarding SC
within the last 4 years has been traced & noted as follows:
Change of business address : SC moved to the
heading business address from 13/F, Fullcorp Centre, 53-55 Chatham Road South,
Tsimshatsui, Kowloon, Hong Kong.
Change in principal(s):
Name(s) of
admitted partner(s) Joining
date
Patel Manishkumar Savjibhai 9-12-2005
Name(s) of retired
partner(s) Leaving
date
Budheliya Mansukhbhai B. 21-12-2005
This section will contain the civil litigations
& winding-up petitions filed against SC for the last 6 years (as stored in
our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges
by an unlimited co is not required to be registered in the public records.
Civil
litigation/winding-up petitions : None
in our database.
Mortgage/charge record(s) : In Hong Kong, unlimited companies are not
required to file its charge particulars for public inspection.
Patel Manishkumar Savjibhai, sole proprietor:
- In his 40's & married
- Embarked upon his career to present field as a
junior salesman in his mid 20's
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: As stated above.
Property ownership: Current land search indicates
the said premises ownership as follows:
- Owner(s) : Alwani Ramesh Vishi Das & Alwani
Ramesh Sonia
- Date of purchase & consideration : 21-3-2005
/ HKD5.95M
- Date of mortgage & secured amount : NA
- Mortgagee : NA
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of the
following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 52 (see explanatory notes
below)
Keys : 1 : scores 81-100 : Excellent
2 : scores
61-80 : Good
3 : scores
46-60 : Average
4 : scores
21-45 : Fair
5 : scores
01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history &
trade reputation, business experience & track record, market connection and
management skill.
Business categories :
SC is engaged in import & export of diamond
& jewellery.
Items available include diamond, precious &
semi-precious stones, pearls, ruby, sapphire, diamond rings, bracelets,
necklaces & other jewellery products.
Principal purchases :
Major types of sourcing :
Diamond & jewellery items
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India & Belgium
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Wholesalers
Selling terms :
Local L/C & credit of 30 days
Overseas--buying countries : USA
& Europe
Selling terms :
L/C & T/T
Total number of
employees : 3.
Location:
Sub-lease a small portion as its office at the heading business address
(with gross area of 600 sq. ft.) which is mainly occupied as an office by Sky
Cotton Ltd., (an unrelated co.), whose partial information is as follows:
- Year established: 1992
- Business line:
It is engaged in manufacturing & export of jewellery products,
specializing in 18K gold invisible setting jewellery, as well as 14K gold
jewellery & 925 sterling silver.
- Address:
Same as heading business address
- Civil litigation & winding-up petition records: None in our database
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
Current land search indicates that Sky Cotton Ltd.
has entered into a tenancy agreement for 3 years from 12-5-2004 to 11-5-2007
(re: heading business address).
SC is
not known to have any subsidiary at present.
Overall payment
appraisal :
( )
Excellent ( ) Good
(X) Average ( ) Fair
( ) Poor (
) Not yet determined
The appraisal serves as a reference to reveal SC's
payments habits and ability to pay. It
is based on the 3 weighed factors:
Trade payment experience (through current enquiry with SC's suppliers),
our delinquent payment records and our debt collection record concerning SC.
Trade
payment experience : Owing to the
nature of its business, SC is not an active seeker of local
commercial
credit since merchandise/materials are imported. Its expenses in the form of
accruals and
servicing
are reportedly met in prompt manner.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Banking relations are maintained principally with:
HSBC.
Upon a current contact, Patel Manishkumar Savjibhai,
SC's sole proprietor, declined forwarding any financial information on the
ground that it is the company's policy not releasing any data to a third party
without the benefit of knowing the identity of the inquiring party.
Re: In Hong
Kong, only the public listed cos., financial institutions & overseas cos.
are obligated to file their financial statements to Companies Registry for
public search. Generally, the private
limited cos. & unlimited cos. always keep those data as highly confidential
matter.
SC is considered small-sized in its line locally.
With regard to its size of operation and limited growth potential, credit
should be confined to small amount at present.
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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