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MIRA
INFORM REPORT
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Report Date : |
01.08.2007 |
IDENTIFICATION DETAILS
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Name : |
KOTHARI TRADING (HK) LTD |
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Registered Office : |
6 Fl Hang Shun Bldg |
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Country : |
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Date of Incorporation : |
16.12.2002 |
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Com. Reg. No.: |
0825973 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of wide range of gems, diamonds and jewelry. Sales and distribution to local market |
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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Maximum Credit Limit : |
USD 15,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
KOTHARI TRADING (HK) LTD
6FL HANG SHUN BLDG 10-12 WYNDHAM ST,
TEL:852-25255003
FAX:852-25255013
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 16, 2002
REGISTRATION NO. :
0825973
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MANAK CHAND RAJENDRA KUMAR KOTHARI (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 383,632
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD7.82333 = US$1 AS OF 2007-7-31
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
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*Company Registration*
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License number : 0825973
Date issued : 16 December, 2002
Issuing authority : Companies Registry
Type of license : Corporate
License number : 33218272-000
Date issued : N/A
Issuing authority : Inland Revenue Dept.
Type of license : Business
*Corporate & Organization Structure*
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A small sized company operated and managed by an experienced team of
professionals.
*Capital Details*
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Authorized capital : HKD
3,000,000.00 divided into 3,000,000 ordinary shares at HKD 1.00/-each , fully
paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Mr. Manak Chand Rajendra Kumar Kothari can sign on behalf of the company
with seal affixed.
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E-mail: kothari@biznetvigator.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders
: 2
Total number of ordinary shares : 3,000,000
Shareholders' Name No. of
ordinary shares Amount of shares
(HKD) % of Shares
Mr. Manak Chand Rajendra Kumar Kothari 2,000,001 2,000,001.00 66.67
KOTHARI TRADING CO LTD 999,999 999,999.00 33.33
*Director's Details*
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Manak Chand Surendar Kumar Kothari
Address : 3B Sunrise Bldg 5-16-8 Ueno Taito-ku
Tokyo 1100005 Japan
*Company Secretary*
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VERCOS LTD
C. R. no. :
110986
Address : Rm
206, 2Fl Alliances Bldg
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Management : Mr. Manak Chand Rajendra Kumar Kothari, General Manager
Name Nationality
Job Description
Mr. Manak Chand Rajendra Kumar Kothari Indian
General Manager
*Key Personnel*
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Manak Chand Rajendra Kumar Kothari
National ID no. : R321604(6)
Address : 6Fl Hang Shun Bldg 10-12 Wyndham St,
Central, Hong Kong,
Founder : Co-Founder
Work experience : More
than 5 years.
Responsibilities : Handles the daily operation of the
firm including all financials and legal matters.
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*Main Products & Services*
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Specializes in the following areas of work :
1. Import of wide range of gems, diamonds and jewelry.
2. Sales and distribution to local market.
Products:
Diamonds
Emeralds
Gems
Jewelry
Sapphires
*Payment Terms*
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Sales
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Local : Cash or 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 :
Year attended : 2007
Location : Hong Kong
Pavilion
*Local Distribution Network*
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10% of the annual turnover is attributed to local sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
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SC is not known to have any subsidiary at present.
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PAYMENT RATING : 3 OBTAINED SCORES : 56
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered a normally advancing concern with steady customers and good
base to meet its trade engagements. It is considered a credit line up to USD
15,000 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 3915
Jeweler's findings and
materials, and lapidary work
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 7103910000
Rubies, sapphires and emeralds,
otherwise worked
Trading 7103991000
Gemstones, cut but not set suitable
for use in jewelry
Trading 7104200000
Synthetic or reconstructed gemstones
unworked or simply sawn or roughly shaped
Trading 7113205000
Jewelry of base metal clad with
precious metal
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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%)