MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL ENTERPRISES |
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Registered Office : |
Rm 701, 7FL Yip Fung Bldg |
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Country : |
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Date of Incorporation : |
April 1, 1978 |
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Com. Reg. No.: |
05566326 |
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Legal Form : |
Partnership |
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Line of Business : |
Importing of raw materials and jewelry products. Manufacturing jewelry products. Local and international trading of 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 Concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
address
ROYAL ENTERPRISES
RM 701, 7FL YIP FUNG BLDG
TEL : 852-25212443
FAX : 852-28452706
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL
1, 1978
REGISTRATION NO. :
05566326
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. MOHAN TIKAMDAS SADHWANI (PARTNER)
STAFF STRENGTH :
10
CAPITAL :
N/A
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82856 = US$1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
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License number : 05566326
Date issued : 1 April,
1978
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form :
Partnership
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail: dns@webdomain.com.hk
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in
*Major Shareholders*
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Partners' Name
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Mr. Mohan Tikamdas Sadhwani
Mr. Rajesh Mohandas Sadhwani
Management: Mr. Mohan Tikamdas
Sadhwani, Partner
Mr. Rajesh Mohandas Sadhwani, Partner
Name Nationality
Job Description
Mr. Mohan Tikamdas Sadhwani British
Partner
Mr. Rajesh Mohandas Sadhwani British
Partner
*Key Personnel*
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(1)
Rajesh Mohandas Sadhwani
National ID no. :
K0562319
Address :
Apt 14N,
Date of appointment : 15 October, 1987
(2)
Mohan Tikamdas Sadhwani
National ID no. :
K069858A
Address : Rm
12E
Date of appointment : 15 October, 1982
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of raw materials and jewelry products.
2. Manufacturing jewelry products.
3. Local and international trading of products.
Products: Precious stones
Semi precious
stones
*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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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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 partnership company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a long operating history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7103 Precious
& semiprec stones, not strung etc
Manufacturing 7116 Articles
of natural or cut pearls, prec/semprc stones
Manufacturing 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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%)