MIRA
INFORM REPORT
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Report Date : |
21.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
MULTI CREATIONS (HK) LTD |
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Registered Office : |
Unit F1-1, 6FL Hang Fung Industrial Bldg - Phase 1, 2g Hok
Yuen St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 13, 2002 |
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Com. Reg. No.: |
0788805 |
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Legal Form : |
Private |
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Line of Business : |
Import and local purchase of electronic equipment and other related
products. Sales and distribution of purchased products to local and overseas
markets. |
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 |
NAME & ADDRESS
MULTI CREATIONS (HK) LTD
UNIT F1-1, 6FL HANG FUNG INDUSTRIAL BLDG - PHASE 1,
2G HOK YUEN ST HUNGHOM KOWLOON, HONG KONG.
TEL : 852-23665361
FAX : 852-23665461
EXECUTIVE SUMMARY
INCORPORATION DATE : MARCH
13, 2002
REGISTRATION NO. :
0788805
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SUJIT ISHWARSING CHHATLANI (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80100 = 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 Registration*
==================
(1)
License number : 0788805
Date issued : 13 March, 2002
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 32443402
Issuing authority : Business
Registration Office
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 100.00
divided into 100 ordinary shares at HKD 1.00/-each
*Office & Facilities*
===============
Type of building : Commercial
building
Other contact details
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Tel nos : 23665368, 34210653
Email addresses :
mc3@onebb.com, mc2@onebb.com
Previous address : Unit 2008, 20Fl Workingport Commercial Bldg 3 Hau
Fook St Tsimshatsui Kowloon
*Reputation*
==========
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. Sujit Ishwarsing Chhatlani can sign on behalf of the company
with seal affixed.
www.multi-creations.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: mc4@onebb.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders : 2
Total number of shares
: 100
Shareholders' Name
No of Shares Amount of Shares
(HKD) % of Shares
-------------------------- ----------------- ---------------------------------- ----------------
Sujit Ishwarsing Chhatlani
50
50.00 50.00
Lal Hemrajani Anjana 50 50.00 50.00
*Director's Details*
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Lal Hemrajani Anjana
National ID number : K728911(1)
Address : Flat
E 15Fl Bamboo Mansion Block 5, 3 Tak Hong St Whampao Garden, Kowloon
Hong Kong
Email :
mc4@onebb.com
*Company Secretary*
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Sujit Ishwarsing Chhatlani
National ID number : P149901(0)
Address : Flat
E 15Fl Bamboo Mansion Block 5, 3 Tak Hong St Whampao Garden, Kowloon
Hong Kong
Email :
mc4@onebb.com
Responsibility : Handles
the overall management of the firm.
Management: Mr. Sujit Ishwarsing Chhatlani, Manager
Name Nationality
Job Description
Mr. Sujit Ishwarsing Chhatlani Indian
Manager
*Key Personnel*
=============
Sujit Ishwarsing Chhatlani
National ID number : P149901(0)
Address : Flat
E 15Fl Bamboo Mansion Block 5, 3 Tak Hong St Whampao Garden, Kowloon
Hong Kong
Email :
mc4@onebb.com
Responsibility :
Handles the overall management of the firm.
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of electronic equipment and other related
products.
2. Sales and distribution of purchased products to local and overseas
markets.
Products: Anti-slip protection
Bags
Cameras
Christmas
stockings
Electric
scooters
*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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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 financials.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3635 Vacuum
cleaners, household type, electric, and parts,
Trading 3679 Electronic
components,
Trading 3714 Motor
vehicle parts and accessories,
Trading 5012 Auto
& Other Motor Vehicles
Trading 5065 Electronic
Parts/Equip, NEC
Trading 5092 Toys
& Hobby Goods & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8509100040 Electric
vacuum cleaners
Trading 8542 Electronic
integrated circuits & microassembl, parts
Trading 8703 Motor
cars & vehicles for transporting persons
Trading 8708 Parts
& access for motor vehicles (head 8701-8705
Trading 9500 Toys,
games & sports equip; parts & accessories
Trading 9503 Toys;
scale models etc; puzzles; parts etc
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Bags
Trader Anti-slip
protection
Trader Voodoo
doll
Trader Vacuum
cleaners
Trader Electric
scooters
Trader Christmas
stockings
Trader Vehicles
Trader Healthcare
Trader House
ware
Trader Laundry
balls
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Belgium
Exporting to Europe
Exporting to France
Exporting to Germany
Exporting to United Kingdom
Importing from Europe
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%)