MIRA
INFORM REPORT
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Report Date : |
20th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
TRANS EXIM LTD. |
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Registered Office : |
Rm 1724a, 17/F, Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
16-9-1993 |
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Com. Reg. No.: |
449526 |
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Legal Form : |
Private Limited Co |
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Line of Business : |
Engaged in trading of diamond |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
TRANS EXIM LTD.
RM 1724A, 17/F, STAR HOUSE,
3 SALISBURY ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
TEL: 852 28773191
FAX: 852 28014925
EXECUTIVE SUMMARY
INCORPORATION DATE : 16-9-1993
REGISTRATION NO. : 449526
REGISTERED LEGAL FORM : PRIVATE
LIMITED CO.
CHIEF EXECUTIVE : PATWA AMIT HARESH KUMAR
(DIRECTOR)
STAFF STRENGTH :
6
AUTHORIZED
CAPITAL : HKD 1M = 1M SHARES @ HKD1.-
PAID-UP
CAPITAL : HKD 1M
BUSINESS LINE : TRADING OF DIAMOND
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78335 = USD1 AS OF 2006-09-21
The correct address of SC is the heading one
instead of the address given by you.
SC is a private limited company registered under
incorporation file no. 449526 on 16-9-1993.
SC's shareholders & directors are shown to be
as follows:
Shareholders (as
at 16-9-2005) Number
of shares held
Patwa Amit Haresh
Kumar 500,000
Shah Zenit Chetan
Kumar 300,000
Mohamed Thariq
Mohamed Zubair 200,000
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1,000,000
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Directors (as at 25-5-2006)
Patwa Amit Haresh Kumar / P924993(5)
Shah Zenit Chetan Kumar / A3530008
The above registration information is based on SC's
annual return filed at Companies Registry within the last 2 years.
Our current search reveals certain material change
or amendment of SC has been recorded within the last 2 years & noted as
follows:
Change of business address : SC moved to the
heading business address from Rm C, 4/F, Minden Apt., 1 Mindow Row,
Tsimshatsui, Kowloon, Hong Kong on 25-5-2006.
Partial change in SC's directorship as follows:
Name(s) of
resigned director(s) Resignation
date
Mohamed Thariq Mohamed Zubair 25-5-2006
Name(s) of newly
appointed director(s) Appointment
date
Shah Zenit Chetan Kumar 25-5-2006
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) : None filed
within the last 2 years as per our current search.
Mortgage Index:
Year(s) in which mortgage registration(s) are
filed: 1996, 1997, 2000
Year(s) in which mortgage satisfaction record(s)
are filed: 2002
Patwa Amit Haresh Kumar, director:
- In his mid 40's
- He is by Indian nationality
- Also currently partner of 4C's Diamonds
Distributors which is engaged in manufacturing & export of fine jewellery
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: Flat C, 6/F,
Comfort Bldg., 88 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
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
Shah Zenit Chetan Kumar, director:
- He is by Indian nationality
Currently residing in PR China & only visits
Hong Kong for business occasionally.
Registered residential address: Boan Nan Road,
2078, Shengong Hao Yau, Hao Shan Ghe 13-C, Lohwu District, Shenzhen, Guangdong
Province, PR China 518008.
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 : 58 (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 trading of diamond.
Items available include polished & cut diamond.
Principal purchases :
Major types of sourcing :
Diamond
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India
Buying terms :
L/C & T/T
Principal market :
Local--type of customers : Nil
Selling terms :
Nil
Overseas--buying countries : PR
China & SE Asia
Selling terms :
L/C & T/T
Total number of
employees : 6.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,600 square feet at a commercial &
shopping building in a commercial & shopping district.
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
Property ownership : Current land search indicates
the ownership details of the captioned premises as follows:
- Owner(s) : Diamart Ltd. (SC's associated co.)
- Date of purchase & consideration : 26-7-2002
/ HKD2.75M
- Date of mortgage & secured amount : 4-3-2005
/ ANS
- Mortgagee : Industrial & Commercial Bank of
China (Asia) Ltd.
The said premises was formerly purchased by SC at a
consideration of HKD3.39M on 29-2-2000.
Jointly occupying the premises with the below
mentioned affiliate.
Affiliate(s):
Company name :
4C's Diamonds Distributors
Year established : 1988
Business
nature : Manufacture & export of
fine jewellery
Address : Same as heading business
address
Turnover :
NA
Civil litigation & winding-up petition records:
None in our database
Other associated cos.:
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- Diamart Ltd.
- Digico Holdings Ltd.
Overall payment appraisal :
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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
- ABN AMRO Bank Ltd.
Upon a
current contact, Ms. Kwok, SC's staff member, 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.
As per current co. search, total amount of
indebtedness of SC in respect of all mortgages and charges which are required
to be registered with Companies Registry as at 16-9-2005 was nil.
SC is considered small-sized in its line locally
with acceptable base to meet its normal dealings. Credit up to moderate amount may be considered.
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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