MIRA
INFORM REPORT
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Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
EMBASSY INT'L (HK)
LTD |
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Registered Office : |
Unit D 26fl, 8
Hart Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.07.2006 |
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Com. Reg. No.: |
1058238 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in trading diamonds. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company name
EMBASSY INT'L (HK)
LTD
UNIT D 26FL, 8 HART
AVE TSIMSHATSUI KOWLOON, HONG KONG
TEL : 852 23684768
FAX : 852 27395226
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 11, 2006
REGISTRATION NO. :
1058238
CHIEF EXECUTIVE :
MR. PURAN SINGH BAJETHA (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
NO YET DETERMINED
RECOMM. CREDIT RANGE :
UNDER SECURED TERMS
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : NA
OPERATIONAL
TREND : FAIR
GENERAL
REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.78315 = US$1 AS OF 2006-11-10
*Company Registration*
===================
(1)
License number : 1058238
Date issued : 11 July, 2006
Issuing authority : Companies Registry
(2)
License number : 36954081-000
Date issued : N/A
Issuing authority : Inland Revenue Dept.
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00, fully paid
*Corporate & Organization Structure*
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A small-sized company operated and managed by an experienced team of
professionals.
*Reputation*
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Due to the recent incorporation of the firm, no meaningful points of
reference in terms of reputation within the jewelry industry was possible.
*Approved Signatures*
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Only Mr. Chirag Mahendra Gandhi can sign on behalf of the company with
seal affixed.
E-mail : dxdiam@hotmail.com
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*
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Shareholders' Name Amount of Shares (HKD) % of Shares
--------------------------- ---------------------------------- -----------------
Puran Singh Bajetha 9,000.00 90.00
Undisclosed Inventors 1,000.00 10.00
*Director's Details*
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(1)
Chirag Mahendra Gandhi
Founder :
Co-founder
Passport no. :
F2526959
Address :
1201/C Tirupati Apartment B Desai Rd, Mumbai (Bombay), Maharashtra India
(2)
Yogesh Ratilal Gandhi
Founder :
Co-founder
Passport no. :
Z1024903
Address : Pooja
Abhishek Bldg Suashi B/H Namrata Apts Lal Bungleo, Surat, Gujarat, 395007 India
*Corporate Secretary*
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HARRIS SECRETARIES LTD
Date of appointment : 11 July, 2006
Name Nationality
Job Description
Mr. Chirag Mahendra Gandhi Indian
Director
Mr. Puran Singh Bajetha Indian
General Manager
Mr. Yogesh Ratilal Gandhi Indian
Director
*Key Personnel*
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Puran Singh Bajetha
Founder : Co-founder
HKID no. : K983270(A)
Address : Flat B 3Fl, 35-37 Hankow Rd, Tsimshatsui,
Kowloon Hong Kong
Work experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
*Main Products & Services*
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Specializes in trading diamonds.
Products : Diamonds
*Payment Terms*
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Sales
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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)
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export.
SC is not known to
have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES :
0
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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.
As a private limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
Additionally as the company was only established four months ago no
financials have been lodged.
SC was established
recently in 2006, and its credit has not been established yet. Credit dealings
with SC are recommended under secured terms at present.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
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%)