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MIRA
INFORM REPORT
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Report Date : |
20.08.2007 |
IDENTIFICATION DETAILS
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Name : |
STONE SAPPHIRE (HK) LTD |
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Registered Office : |
RM |
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Country : |
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Date of Incorporation : |
24.10.2003 |
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Com. Reg. No.: |
867787 |
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Legal Form : |
Private |
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Line of Business : |
Provides printing services |
RATING & COMMENTS
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MIRA’s 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 : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
STONE SAPPHIRE (HK) LTD
RM 1210 PENINSULA SQUARE 18 SUNG ON ST HUNGHOM KOWLOON,
TEL: [+852] 29790226
FAX: [+852] 34279276
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 24, 2003
REGISTRATION NO. :
867787
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. VIKRAM JITENDRA RANA (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 1,279
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81329 = USD1 AS OF 2007-08-20
Adopted
abbreviations:
ANS - amount not stated
NS - not stated SC - subject
company (the company inquired by you)
NA - not available
M - million HKD – Hong Kong
Dollars
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*Company Name*
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Incorporated as : STONE SAPPHIRE LTD
Date incorporated :
24 October, 2003
Changed name to : STONE SAPPHIRE (HK) LTD
Date of change : 12 February, 2007
*Company Registration*
==================
License number :
867787
Date issued
: 24 October, 2003
Issuing authority : Companies Registry
Type of license : Corporate
Legal form
: Private Limited Company
License number : 34049020-000
Date issued
: N/A
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business
Legal form
: Private Limited Company
*Capital Details*
============
Registered capital : HKD 10,000.00 was divided into 10,000
Ordinary shares at HKD 10,000.00, fully paid
*Reputation*
=========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
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Mr Vikram Jitendra Rana can sign on behalf of the company
with seal affixed.
*Company Secretary*
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LOUIS LAI COMPANY SECRETARIAL SERVICES LTD
Address : 9Fl Surson Commercial Bldg
CR no : 686503
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Website : http://www.stone-sapphire.com/index.html The design is professional and the content is well
organized. At present it is in English version.
Email : custservice@stonesapphire.com
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For the past 4 years there is no
record of litigation.
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*Major Shareholders*
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Total number of shareholders
: 2
Total number of shares : 10,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------- ---------------------------------- ----------------
Bina Jitendrasingh Rana 6,000 6,000.00 60.00
Vikram Jitendra Rana 4,000 4,000.00 40.00
*Directors' Details*
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Vikram Jitendra Rana
Passport No : Q026766
Address : Rm
Email address: vick@stonesapphire.com
Bina Jitendrasingh Rana
National ID No : P899156(5)
Address :
Rm
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*Main Products & Services*
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Provides printing services of the following stationary products:
- Children’s books
- Stationary & paper
- Flash cards
- Tissue paper
- Packaging
- Note pads
- Calendars
- Case bound books
- Paper bags
- Wrapping paper
- Folding gift boxes
- Hand made greeting cards
- Greeting cards
- Catalogue
- Nesting boxes
Products :
Book publishing
Flash cards
Printing
Stationary
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*Subsidiaries, Joint-ventures & Affiliates*
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Maintains an office and factory in
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PAYMENT RATING :3 OBTAINED SCORES : 50
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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.
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As a private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name :
HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central,
Branch Address :
Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code :
HSBCHKHH
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SC is considered small-sized in its line with a development
history of 3 years. Credit dealings with SC in small amount appear acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 2700 Printing and
Publishing
Service 2759 Commercial Printing, NEC
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Service 3215 Ink, printing, writing, drawing
etc, concern or not
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 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%)