MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
S & S INTERNATIONAL |
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Registered Office : |
Rm A5, 10/F, Blk A, Hankow Centre,47 Peking Road,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
17-6-1997 |
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Com. Reg. No.: |
21018163 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Import & export of fine jewellery. |
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 : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name
S & S INTERNATIONAL
RM A5, 10/F, BLK A, HANKOW CENTRE,47 PEKING ROAD, TSIMSHATSUI,
KOWLOON, HONG KONG.
TEL : 852 23666853
FAX : 852 23666856
EXECUTIVE SUMMARY
INCORPORATION DATE :
17-6-1997
REGISTRATION NO. :
21018163
REGISTERED LEGAL FORM :
SOLE PROPRIETORSHIP
CHIEF EXECUTIVE : TANNA MEHUL
GIRISHBHAI (SOLE PROPRIETOR)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL : [IN HK, 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 FINE JEWELLERY
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NORMAL
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81599 = USD1 AS OF 2007-4-4
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD – Hong Kong Dollars
SC was established under Business Registration number
21018163 on 17-6-1997 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
- Tanna Mehul Girishbhai /
Z1497007 Rm
5B, 5/F, Lip Seng Mansion,
15-19
Carnarvon Road,
Tsimshatsui,
Kowloon, HK.
No material change or amendment regarding SC has been traced
& noted since its inception.
Tanna Mehul Girishbhai, sole proprietor:
- He is by Indian nationality
- Possesses 15 years of experience in present field
- Moved to HK in 1998 and joined SC as a partner in 1999
- He became SC's sole proprietor in 2001
Currently active in SC's day-to-day operations & is
responsible for its management.
Credit
history check : This refers to a check
of our database whether the said person has been involved in any of
the
following 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.
Upon a current contact, Tanna Mehul Girishbhai, 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.
Banking relations are maintained principally with: Hang Seng
Bank Ltd.
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 records 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 HK, unlimited companies are not required
to file its charge particulars for public inspection.
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.
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.
Business categories :
SC is engaged in import & export of fine jewellery.
Items available include diamond, sapphires, ruby, tsavorite,
tanzanite, star ruby, kunzite & jades, precious & semi-precious stones
Principal purchases :
Major types of sourcing :
Merchandise
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India (mainly), Thailand, Vietnam, PR China & S. Africa
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Nil
Selling terms :
Nil
Overseas--buying countries :
Europe, USA & SE Asia
Selling terms :
L/C & T/T
Total number of employees : 2.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,000 square feet at a commercial &
residential building in a commercial & residential district.
Condition inside the premises
during our visit : Normal.
Office/factory layout : Standard.
The premises is rented.
SC is not known to have any subsidiary at
present.
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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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%)