MIRA
INFORM REPORT
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Report Date : |
14.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PRESTO TRADE LTD |
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Registered Office : |
RM 1504, 15FL Tung Shun Hing Commercial Centre 20-22
Granville Rd Tsimshatsui Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.05.2005 |
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Com. Reg. No.: |
0971439 |
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Legal Form : |
Private Company |
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Line of Business : |
Trading a Wide Range of Jewelry and other Related Products |
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 : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
PRESTO TRADE LTD
RM 1504, 15FL TUNG SHUN HING COMMERCIAL CENTRE 20-22 GRANVILLE RD TSIMSHATSUI
KOWLOON, HONG KONG.
TEL: N/A
FAX: 852-23115485
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 20, 2005
REGISTRATION NO. :
0971439
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
4
CAPITAL :
US$ 128,370
BUSINESS LINE : TRADER
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 :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79643 = US$1
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
*Company Name*
=============
Incorporated as :
SILVERDOWN LTD
Date of incorporation : 20
May, 2005
Changed name to : POWERGEN LTD
Date of changed : 8 September, 2005
Changed name to : PRESTO TRADE LTD
Date of changed : 2 April, 2007
*Company Registration*
==================
License number : 0971439
Date issued : 20 May, 2005
Issuing authority : Companies Registry
Type of license : Corporate
License number : 36097651-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD
1,000,000.00 divided into 1,000,000 ordinary shares at HKD 1.00/-each, fully
paid
*Registrar*
=========
CK LIU & CO
*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.
E-mail: prestotrade@gmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders :
2
Total number of ordinary shares :
1,000,000
Shareholders' Name No of Ordinary Shares Amount of shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------ ------ ----------------
Praveen Raghunath Lodha 500,000 500,000.00 50.00
Varshit Jain 500,000 500,000.00 50.00
Share transfer:
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Date
No of Ordinary Share
Trasferror(s) Transferee(s)
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-------------------------- ---------------- -----------------
22 March, 2007
500,000
Mr. Pradeep Raghunath Lodha
Mr. Varshit Jain
*Directors' Details*
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Varshit Jain
HKID no : R430734(7)
Address : Flat A 9Fl Kok Pah Mansion 58-60 Cameron Rd
Tsimshatsui Kowloon
Mobile no : 95701320
Praveen Raghunath Lodha
HKID no : P143545(4)
Address : Apartment CD-21, 1867/85 Charoen Nakorn Rd
Klongsarn Bangkok 10600 Thailand
*Company Secretary*
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LODESTAR SECRETARIES LTD
C.R. no :
113023
Registered address : 3Fl Wah Kit Commercial Center 302 Des Voeux Rd
Central Hong Kong
SC’s management details are not available at present.
*Main Products & Services*
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Specializes in trading a wide range of jewelry and other related
products.
Products:
Jewelry
Precious metal
Precious stones
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance,
Attached: trade references
SIC PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Trading 3911
Jewelry, of precious metal
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 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7113190000
Jewelry and parts thereof, of
precious metal other than silver
Trading 7113200000
Jewelry and parts, base metal clad w
precious metal
Trading 7113205000
Jewelry of base metal clad with
precious metal
Trading 7116201000
Jewelry of precious or semiprecious
stones
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%)