MIRA
INFORM REPORT
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Report Date : |
17.08.2007 |
IDENTIFICATION DETAILS
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Name : |
SG TRADING CO |
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Registered Office : |
Flat D 8FL |
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Country : |
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Date of Incorporation : |
1998 |
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Com. Reg. No.: |
21867346-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading of diamonds. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name &
address
SG TRADING CO
FLAT D 8FL
TSIMSHATSUI
TEL : 852-90186070
FAX : 852-23753700
EXECUTIVE SUMMARY
INCORPORATION DATE :
1998
REGISTRATION NO. :
21867346-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. ANIL KUMAR SHARMA (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 245
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIR
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81523 = US$1 AS OF 2007-8-16
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company History*
===============
1 March, 2007 - Commenced business
operation.
*Company Registration*
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(1)
License number : 21867346-000
Year issued : 1998
Issuing authority : Inland
Revenue Dept.
Legal form :
Partnership
Type of license : Business
(2)
License number : 37682237-000
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.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name %
of Shares
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Anil Kumar Sharma 50.00
Devang Sevantilal Shah 50.00
*Director's Details*
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Devang Sevantilal Shah
HKID No. : P3435974
Address : Flat 7C Ear East Mans
Management: Mr. Anil Kumar
Sharma, General Manager
Mr. Nilesh Manharlal Chauhan, Partner
Name Nationality
Job Description
Mr. Anil Kumar Sharma Indian
General Manager
Mr. Nilesh Manharlal Chauhan Indian
Partner
*Key Personnel*
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(1)
Anil Kumar Sharma
Founder :
Co-Founder
HKID No. : P4602688
Address : Flat 7C
Ear East Mans
Business address : Flat D 8Fl Windsor Mansion 29-31 Chatham Rd
Tsimshatsui
Work experience : More than 5
years.
Responsibilities : Handles the
daily operation of the firm including all financials and legal matters.
(2)
Nilesh Manharlal Chauhan
HKID No. : R5232677
Address : Flat H
13Fl Ear East Mans
*Main Products & Services*
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Specializes in trading of diamonds.
Products: Diamonds
*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)
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to exports.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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 name : INDIAN OVERSEAS BANK
Branch : Tsimshatsui
Kowloon
Swift code : IOBAHKHH
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 locally.
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
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
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. |
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%)