MIRA
INFORM REPORT
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Report Date : |
29.03.2007 |
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 |
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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
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*
=============
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*
===============
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*
=====================
Specializes in trading diamonds and jewelry.
Products : Cut
diamonds
Cut rubies
Diamonds
Jewelry
Sapphires
*Payment Terms*
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Sales
------
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)