MIRA
INFORM REPORT
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Report Date : |
30.07.2007 |
IDENTIFICATION DETAILS
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Name : |
AMANI LTD. |
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Registered Office : |
Flat
804,8/F, Hangseng T.S.T. Builing , |
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Country : |
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Date of Incorporation : |
12.02.2001 |
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Com. Reg. No.: |
82002 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Engaged in
trading of general merchandise. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
AMANI LTD
FLAT 804,8/F, HANGSENG
T.S.T. BUILING ,
TEL : 852 23683358
FAX : 852 23670235
EXECUTIVE SUMMARY
INCORPORATION DATE : 12-2-2001
REGISTRATION NO. : 82002
REGISTERED LEGAL
FORM : PRIVATE LIMITED CO.
CHIEF EXECUTIVE :
SHAH SANJIV CHANDRAKANT (MANAGING DIRECTOR)
STAFF STRENGTH : 4.
AUTHORIZED
CAPITAL :$10,000=10,000 SHARES
@1.
PAID-UP CAPITAL :$ 2.
BUSINESS LINE : TRADING OF GENERAL
MERCHANDISE
TURNOVER : N/A (AS OF DEC.
31, 2004)
EQUITIES : N/A (AS OF
DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION
: STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.80488 = USD1 AS OF 2007-02-01
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –
SC is a private
limited company registered under incorporation file no. 746752 on 12-2-2001.
SC's shareholders
& directors are shown to be as follows:
Shareholders (as at 12-2-2006) Number
of shares held
Shah Mansi Sanjeev 2
==
Directors (as at
12-2-2006)
Shah Sanjiv
Chandrakant / K801490(6)
The above
registration information is based on SC's annual return filed at Companies
Registry within the last 2 years.
No material change
or amendment regarding SC has been traced & noted within last 2 years.
Total number of employees : 4.
Location : Maintaining its office at the heading
business address which occupies a gross area of 600 square feet at a commercial
building in a commercial district.
Condition inside the premises during our visit :
Office/factory layout : Standard.
This section will
contain the civil litigations & winding-up petitions filed against SC for the
last 6 years (as stored in our database), and the mortgage/charge filed by SC
for the last 2 years. In
Civil litigation/winding-up petitions: None in our database.
Mortgage/charge record(s): None filed since its
incorporation date.
Shah Sanjiv
Chandrakant, director:
- In his early 40's
- He is by Indian
nationality
- He has over 15 years
of experience in present field
Currently active in
SC's day-to-day operations & is responsible for its management.
Registered
residential address: Same as heading business address.
Credit history check : This refers to a check of our database whether
the said person has been involved in any of the following records stored by us
within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership
background appraisal:
Rating : 3
Obtained scores : 58 (see
explanatory notes below)
Keys : 1 : scores 81-100 :
Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating
indicates the personal financial & operational strength of SC's major
principals. It is calculated from a composite
of scores obtained from the following 5 factors which carry equal weight in our
analysis:
Personal financial
strength, credit history & trade reputation, business experience &
track record, market connection and management skill.
Business
categories:
SC is engaged in
trading of general merchandise.
Items available
include diamond, jewellery, coloured stones & equipment for general use
& diamond verification.
Principal
purchases :
Major types of sourcing : Merchandise & accessories
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries :
Buying terms : L/C & T/T
Principal market
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Local--type of customers : Wholesalers & retailers
Selling terms : COD & credit of 45
to 60 days
Overseas--buying countries : PR China &
Selling terms : L/C & T/T
SC is not known to
have any subsidiary at present.
Overall payment
appraisal :
( ) Excellent (
) Good (X) Average (
) Fair ( ) Poor
( ) Not yet determined
The appraisal
serves as a reference to reveal SC's payments habits and ability to pay. It is based on the 3 weighed factors: Trade payment experience (through current
enquiry with SC's suppliers), our delinquent payment records and our debt
collection record concerning SC.
Trade payment experience : Owing to the nature of its operation, SC is
not an active seeker of local commercial credit. Its expenses in the form of accruals
and servicing are reportedly met in a prompt manner
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Banking relations
are maintained principally with:
- HSBC
- Bank of
Upon a current
contact, Shah Sanjiv Chandrakant, SC's director, declined forwarding any financial
information on the ground that it is the company's policy not releasing any
data to a third party without the benefit of knowing the identity of the
inquiring party.
As per current co.
search, total amount of indebtedness of SC in respect of all mortgages and
charges which are required to be registered with Companies Registry as at
12-2-2006 was nil.
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
Credit in the range of moderate amount can be considered.
-- Asset Tracing
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Upon our current
investigation, our database & sources consulted indicate that SC was not
involved in any property transaction (both purchase & disposal) in
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%)