MIRA
INFORM REPORT
|
Report Date : |
12.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WORLDATA INVESTMENT LTD |
|
|
|
|
Registered Office : |
Suite E 6FL Cameron Plaza 23-25 Cameron Rd, Tsimshatsui
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
JULY 2, 1991 |
|
|
|
|
Com. Reg. No.: |
316294 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing and
domestic sales of diamond products. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
WORLDATA INVESTMENT LTD
SUITE E 6FL CAMERON PLAZA 23-25 CAMERON RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL : 852-23660727
FAX : 852- 23693221
EXECUTIVE SUMMARY
INCORPORATION DATE : JULY 2, 1991
REGISTRATION NO. : 316294
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. NARESHKUMAR MANEKLAL
SHAH (CHAIRMAN)
STAFF STRENGTH : 8
CAPITAL : US$
2,510,940
BUSINESS LINE : IMPORTER
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 : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.80341 = US$1 AS OF
2007-1-18
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*
===================
(1)
License number : 316294
Date issued : 2 July, 1991
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License number : 16085448-001
Date issued : 16 August, 1994
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of
license : Business
*Trading Name*
=============
Although the
company is legally registered by the name listed above, it is commonly known as
BLUE DIAM CO under which it operates locally.
*Registered Office*
==============
Although the
company is operating its main business from the address listed above, the
actual business
license is legally
registered at :
Address : Rm 2810, 28Fl Chung Kiu Commercial Bldg
113 Argyle St Kowloon Hong Kong
*Capital Details*
============
Authorized capital
: HKD 19,510,000.00
Paid-up
capital : HKD 19,500,010.00
divided into 19,500,010.00 ordinary shares at HKD 1.00/-each
*Corporate &
Organization Structure*
=============================
A small company
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.
*Approved
Signatures*
==================
Mr. Ketan Vinodlal
Dani can sign on behalf of the company with seal affixed.
Web
site: www.tdctrade.com/bluediam
The design is professional and the content is well organized. At present it is
in English version.
E-mail: dani@hknet.com
For the past two
years there is no record of litigation.
*Major
Shareholders*
=================
Total number of
shareholders : 2
Total number of
ordinary shares : 19,500,010
Shareholders'
Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
---------------------------
-------------------------------
------------------------------
---------------
Mr. Nareshkumar
Maneklal Shah 19,500,009
19,500,009.00 100.00
Mr. Ketan Vinodlal
Dani
1 1.00 0.00
*Director's
Details*
===============
Mr. Ketan Vinodlal
Dani
HKID no :
P386609(6)
E-mail : dani@hknet.com
Address : 2Fl Carmen's Garden Flat D - Tower 3, 9
Cox's Rd Tsimshatsui Kowloon Hong Kong
*Company Secretary*
=================
RICH BASE
SECRETARIAL SERVICES LTD
License number :
581376
Address : Rm 2810, 28Fl Chung Kiu
Commercial Bldg 113 Argyle St Kowloon
*Key Personnel*
============
Mr. Nareshkumar
Maneklal Shah
India passport
number : K006221
Address : 2Fl Carmen's Garden Flat D
- Tower 3, 9 Cox's Rd Tsimshatsui Kowloon Hong Kong
Responsibility : Handles the overall management of the company.
*Main Products
& Services*
======================
Specializes in
importing and domestic sales of diamond products.
Products:
Jewelry
Loose
diamonds
Jewelry
Loose
diamonds
*Payment Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Purchases
--------------
Import : Letter of
Credit (L/C)
Document against Acceptance (D/A)
*Local Distribution
Network*
=======================
90% of the annual
turnover is attributed to local sales.
*Export Markets*
=============
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 : 3 OBTAINED SCORES : 57
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 MODERATE amounts depending on individual judgement
experience.
As a private
company there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
Over the past 16
years, SC has made a stable growth with satisfactory profit. Credit dealings
with SC in moderate amount can be considered.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3911
Jewelry, of precious metal
Importing 5094
Jewelry/Watches/Precious
Mtl
Trading 3911
Jewelry, of precious metal
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102100000
Diamonds, unsorted
Importing 7113
Articles of jewelry &
parts, of precious metal or clad
Importing 7116201000
Jewelry of precious or semiprecious
stones
Trading 7102100000
Diamonds, unsorted
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from Asia
Importing from
India
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)