MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
G KAY INT'L (HK) LTD |
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Registered Office : |
Rm 1207 Global Trade Centre 15 Wing Kin Rd Kwai Chung New
Territories |
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Country : |
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Date of Incorporation : |
December. 13, 2006 |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
Trading animal skin leather. |
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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Maximum Credit Limit : |
Up To USD 2,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
G KAY INT'L (HK) LTD
RM 1207 GLOBAL TRADE CENTRE 15 WING KIN RD KWAI CHUNG NEW
TERRITORIES,
TEL : [+852] 26141181
FAX : [+852] 26143694
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER. 13, 2006
CHIEF EXECUTIVE :
MR. PUNNA REDDY KOTLA (MANAGING DIRECTOR)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES : N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.82492 = USD1 AS OF 2007-08-01
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Name*
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Incorporated as
: SUNRISE TANNERS PACIFIC LTD
Date of incorporation
: 13 December, 2006
Changed name to : G KAY INT'L (HK) LTD
Date of change
: 4 May, 2007
*Company Registration*
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(1)
License number :
1094998
Date issued
: 13 December, 2006
Issuing authority :
Companies Registry
Type of license :
Corporate license
(2)
License number :
37448863
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business license
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 shares
of HKD 1.00/-each
Paid-up capital
: HKD 1.00
*Office & Facilities*
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Other tel no : 26141000
*Reputation*
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Due to the recent incorporation of the firm, and the
relatively small nature of it's business, no meaningful points of reference in
terms of reputation within the respective industry was possible.
*Registrar*
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- ASIAN SPIRIT (NOMINEES) LTD
*Approved Signatures*
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Only Mr. Punna Reddy Kotla can sign on behalf of the company
with seal affixed.
SC is not known to host website of its own at present. E-mail : namratag@netvigator.com
For the past 7 months there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of share : 1
Shareholder's Name No. of Shares % of Shares
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Punna Reddy Kotla 1 100.00
Management : Mr. Punna Reddy Kotla, Managing Director
Name
Nationality Job
Description
Mr. Punna Reddy Kotla Indian
Managing Director
*Key Personnel*
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Mr. Punna Reddy Kotla
Founder :
Sole founder
National ID no :
F7813771
Address : 1st Cross 152 MBT Rd Ranipet Tamil
Nadu, 632401
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Specializes in trading animal skin leather.
Products : Cowhide leather
Goathide leather
Sheep skins
*Payment Terms*
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Sales
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Local : Cash or
Credit
Purchases
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Local : Cash or
Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains factory in
PAYMENT RATING : 4 OBTAINED SCORES
: 35
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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 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 seven (7)
months ago no financials have been lodged.
*Bank Details*
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Bank name : HANG SENG BANK LTD
Branch :
Swiftcode :
SCBLHKHH
SC is considered small-sized in
its line with a short operating history. Credit dealings with SC should be
confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 3100 Leather
and Leather Products
Importing 3111 Leather,
tanned or finished
Importing 3199 Leather
goods
Trading 3100 Leather and Leather Products
Trading 3111 Leather, tanned or finished
Trading 3199 Leather goods
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 4100 Raw
hides & skins & leather
Importing 4105 Sheep
or lamb skin leather, no wool
Importing 4106 Goat
or kidskin leather, no hair
Importing 4107 Leather
of animals, no hair
Importing 4205 Articles
of leather
Importing 4205008000 Other articles of leather or composition leather
Trading 4100 Raw hides & skins & leather
Trading 4105 Sheep or lamb skin leather, no wool
Trading 4106 Goat or kidskin leather, no hair
Trading 4107 Leather of animals, no hair
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Sheep
skins
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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 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%)