MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG STONE CO |
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Registered Office : |
Rm 707, 7FL Kowloon Centre 29-43 Ashley Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
MAY 2, 2003 |
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Com. Reg. No.: |
33594765 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading a range of stone and other related products. |
RATING &
COMMENTS
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MIRAs 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 : |
Usually correct |
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Litigation : |
Clear |
name &
address
HONG KONG STONE CO
RM 707, 7FL KOWLOON CENTRE 29-43 ASHLEY RD TSIMSHATSUI KOWLOON,
HONG KONG
TEL : 852 27367744
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 2, 2003
REGISTRATION NO. :
33594765
CHIEF EXECUTIVE :
MR. SHRENIKKUMAR RATILAL SHAH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.81589 = US$1 AS OF 2007-04-04
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
*Company Registration*
===================
License number : 33594765
Date issued : 2 May,
2003
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of License :
Business
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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*
================
Under Hong Kong corporate law, there is no existing
"shareholder" in a sole proprietorship.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Corporate Ownership*
==================
Direct / Indirect Corporate Parent Details
Chairman : Mr. Shrenikkumar Ratilal Shah
Nationality : Hong Kong
*COMPANY DIRECTORS*
======================
Personal Unique Identifier : MI01774238
Country : Hong Kong
Name : Mr. Shrenikkumar Ratilal Shah
Nationality : Hong Kong
ID/Passport No. : P1242931
Registered Address : 8C Bo Yip Bldg 6-8 Ashely Rd, Tsimshatsui, Kowloon
Date of Appointment : 2 May, 2003
*Key Personnel*
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Mr. Shrenikkumar Ratilal Shah
Founder :
Sole founder
HKID number : P1242931
Address : 8C
Bo Yip Bldg 6-8 Ashely Rd Tsimshatsui Kowloon Hong Kong
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Engaged in trading a range of stone and other related products.
Products : Limestones
Stone
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 42
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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.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a sole proprietorship company, no official financial statement is
required to be publicly disclosed.
SC is considered small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1422 Crushed,
broken limestone
Trading 1442 Construction
sand & gravel
Trading 3200 Stone,
Clay, & Glass Products
Trading 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2517100010 Limestone,
crushed or broken
Trading 2521 Limestone
flux; lmstn & oth cal sto usd mfr lime, cement
Trading 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Trading 6810 Articles
of cement, concrete or artificial stone
Trading 6810990050 Articles
of cement, of concrete or of artificial stone, whether or not reinforced
Trading 6815 Articles
of stone or other mineral substance
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 SCs 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%)