MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
C&H (DIA) TRADING LTD |
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Registered Office : |
Rm 1402, 14FL Tung Shun Hing Commercial Centre |
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Country : |
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Date of Incorporation : |
May 16, 1995 |
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Com. Reg. No.: |
0514669 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading diamonds. |
RATING & COMMENTS
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MIRAs 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 |
name & address
C&H (DIA) TRADING LTD
RM 1402, 14FL TUNG SHUN HING COMMERCIAL CENTRE
TEL : 852-23170977
FAX : 852-23753700
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
16, 1995
REGISTRATION NO. :
0514669
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ANILKUMAR SHARMA(CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 1,351,351
BUSINESS LINE :
TRADE OF DIAMONDS
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80694 = US$1 AS OF 2007-5-31
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*
===================
(1)
License number : 0514669
Date issued : 16 May,
1995
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 19104613
Issuing authority : Inland
Revenue Dept.
Type of license :
Business
*Capital Details*
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Registered capital : HKD 10,500,000.00 divided into 10,500,000 ordinary
shares at HKD 1.00/-each, fully paid
*Corporate & Organization Structure*
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A small sized company operated and managed by an experienced team of
professionals.
*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.
*Approved Signatures*
=================
Only Mr. Anilkumar Sharma can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: chdia@biznevigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
2
Total number of ordinary shares : 10,500,000
Shareholders' name
No. of ordinary
shares Amount of shares (HKD) % of shares
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Mr. Anilkumar Sharma 6,000,000 6,000,000.00 57.14
Mr. Devang Sevantilal Shah 4,500,000 4,500,000.00 42.86
*Director's Details*
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Shareholders' Details
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Mr. Devang Sevantilal Shah
HKID no : P343597(4)
Address : Flat B1,
9Fl
Other details : Resigned as Director of the company
*Company Secretary*
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Mr. Ahamed K. M. Seyed
HKID No : P167619(2)
Address : Flat D4, 10Fl
Management: Mr. Ahamed K. M.
Seyed, Manager
Mr. Anilkumar Sharma, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Ahamed K. M. Seyed Indian
Manager Sales
Mr. Anilkumar Sharma Indian
General Manager -
*Key Personnel*
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(1)
Mr. Anilkumar Sharma
Founder : Co-founder
HKID No : P460268(8)
Address : Flat D 8Fl
Work experience : More than 10 years
Responsibility : Hanldes the daily operation of the firm
including all financials and legal matters.
(2)
Ahamed K. M. Seyed
HKID No : P167619(2)
Address : Flat D4, 10Fl
*Main Products & Services*
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Specializes in trading diamonds.
Products: Diamonds
*Payment Terms*
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Sales
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Local : Cash
30-60 days 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)
*Local Distribution Network*
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85% of the annual turnover is attributed to local sales.
*Export Markets*
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15% of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name :
Address : Rm 1402, 14Fl Tung Shun Hing Commercial Centre
Country :
Relationship : Affiliate
Legal Form : Sole Proprietorship
Company Type : Importer
Industry : Giftware & Jewellery
PAYMENT RATING : 3 OBTAINED SCORES : 55
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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.
*Bank Details*
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Bank : BANK OF
Branch : Rm 302, 3Fl Dina
House - Ruttonjee Centre 11 Duddell St,
Swift_Code : BOBIHKHH
As a limited 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 an acceptable base.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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 7102100000 Diamonds,
unsorted
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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 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%)