MIRA
INFORM REPORT
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Report Date : |
27.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
AMOLI ENTERPRISES LTD |
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Trading As : |
CHEMPHAR |
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Registered Office : |
Rm 1101, 11FL Paramount Bldg, 12 Ka Yip St Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
November 11, 1988 |
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Com. Reg. No.: |
0232884 |
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Legal Form : |
Private |
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Line of Business : |
Exporting and wholesaling of computer products and parts. |
RATING &
COMMENTS
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MIRA’s 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 : |
No Complaints |
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Litigation : |
Exists |
name & address
AMOLI ENTERPRISES LTD
RM 1101, 11FL PARAMOUNT BLDG
12 KA YIP ST CHAI WAN, HONG KONG.
TEL : 852-25571909
FAX : 852-28963421
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 11, 1988
REGISTRATION NO. :
0232884
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MARK SHENOY (REPRESENTATIVE)
STAFF STRENGTH :
47
CAPITAL :
US$ 385,109
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80710 = 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
*Trading Name*
=============
Although the company is legally registered by the name listed above, it is
commonly known by the following Trading Names under which it operates locally:
- CHEMPHAR
- TONER DISTRIBUTION
*Company Registration*
===================
(1)
License number : 0232884
Date issued : 11
November, 1988
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 12296918-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital: HKD 3,000,000.00 divided into 30,000 ordinary shares
of HKD 100.00/-each, fully paid
*Office & Facilities*
================
Comment : Premise is shared
with AMOLI ENTERPRISES LTD
Other Contact Details
-----------------------------
Tel no. : 25575383
E-mail : - mail@amoli.com
(Site Suggestions)
-
sales@amoli.com (Sales)
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rma@amoli.com (RMA / Service)
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amoli@asiaonline.net
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amoli@amoli.com
Website : - www.amoli.com
-
www.minoltaindia.com
-
www.amoliindia.com
*Corporate & Organization Structure*
===========================
Professionally managed with a team of 25 specialist in sourcing,
marketing, shipping and finance headed by Sweta Shah, Managing Director.
Serves as IT & OA arm of the group.
*Awards*
========
Award : Top Export
Performance Award
Date :
1993-1994
*Industry Ranking*
================
- Generally regarded as one of the leading independent distributors of
computer products.
- Considered as Asia's Largest IT & OA Exporter.
*Charges*
========
Registration number :
N/A
Registration date
: 22 September, 2003
Secured
instrument : All loans or
other advances made or to be made by the Bank to the Customer against documents
submitted under a Documentary Credit, all monies and liabilities in any
currency owing by the Customer to the Bank at any time, whether separately or
jointly, actually or contingently, present or future, interest on all loans and
advances and such monies and all expenses of the Bank in perfecting or
enforcing the Assignment.
Amount Secured by charge :
Amount Not Specified
Chargee/Beneficiary :
HONGKONG & SHANGHAI BANKING CORP LTD
*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. Vikash Chandrakant Shah can sign on behalf of the company with
seal affixed.
www.chemphar-hk.com The design
is professional and the content is well organized. At present it is in English
version.
E-mail: chemphar@chemphar.hk.com
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong TRINITY
CARPET SYSTEMS LTD
Plaintiff Hong Kong TRINITY
CARPET SYSTEMS LTD
Plaintiff Hong Kong TRINITY
CARPET SYSTEMS LTD
Case Issue : A petition to the Court claiming overdue payment for
service charge.
Court : District Court, Hong Kong
Date Commenced : 7 February, 2002
Status : Pending
*Major Shareholders*
=================
Total number of shareholders
: 2
Total number of ordinary shares : 30,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- ----------------
Sweta Vikash Shah 15,000 1,500,000.00 50.00
Vikash Chandrakant Shah
15,000
1,500,000.00 50.00
*Director's Details*
===============
(1)
Sweta Vikash Shah
HKID no. :
K832079(9)
Address :
Flat 1, 5Fl Villa Monte Rosa - Block E 41A Stubbs Rd, Hong Kong
(2)
Vikash Chandrakant Shah
HKID no. :
K832071(3)
Address : Flat
1, 5Fl Villa Monte Rosa - Block E 41A Stubbs Rd, Hong Kong
*Corporate Secretary*
=================
LODESTAR SECRETARIES LTD
CR number : 113023
Address : 13Fl Wah Kit
COmmercial Centre 302 Des Voeux Rd, Central Hong Kong
Management: Mr. Mark Shenoy,
Representative
Mr. Ravi Chandra, Representative
Name Nationality
Job Description
Mr. Mark Shenoy Hong Kong
Representative
Mr. Ravi Chandra Hong
Kong Representative
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Exporting and wholesaling of computer products and parts.
2. Distribution of the following products:
- Customer Electronics
- Textiles
- Chemicals
- Pharmaceuticals
- Software & E-commerce
- Jewellery & Matchmaking
Tools
- Machinery & Machine
Tools
Carries the following brands:
- Canon
- Ricoh
- Epson
- HP
- Compaq
- Minolta
- Alps
- Conner
- Fujitsu
- Intel
- Oki
- Panasonic
- Pansonic
- Seagate
- Star
- Teac
Products: Add-on cards
Chemicals
Chemicals for
pharmaceuticals
Chipsets
Computer
monitors
*Warehousing Facilities*
==================
Maintains warehouses in the following locations:
- UAE
- Helsinki
- Hong Kong
- The Netherlands
- Singapore
- Vietnam
- Tanzania
*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.
*International Exhibition Participation*
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Participated in the following international exhibitions:
(1)
Exhibition Fair : CeBIT 2002
Date attended : 13-20 March,
2002
Location : Hannover,
Germany
(2)
Exhibition fair : CPHI
Worldwide
Dates attended : 7-9 December, 2004
Location :
Brussels
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : AMOLI ORGANICS LTD
Address : Plot 322/4 GIDC Vapi 396195 Gujarat India
Country : India
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : UMEDICA LABORATORIES LTD
Address : Rm 403 Dalamal House Jamnalal Bajaj Rd Nariman Point Mumbai
(Bombay) 400021 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Medical Equipment & Pharmaceutical
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a network office in the following countries:
- India
- Russia
- Vietnam
- Nigeria
- UAE
*Strategic Partners & Alliances*
=========================
Group name : AMOLI Group
Chairman : Umed Doshi
Details : - Has
state-of-the-art WHO GMP accredited manufacturing plants in India employing
over 500 people, under the name "AMOLI ORGANICS LTD"
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Maintains a turnover exceeds over USD 200 million in the year 2002.
- Has a
Research Centre in India to carry out Research & Development for in-house
products and Contract Research under exclusive agreements with its customers.
- The
Group's Textile arm, INDOTECH LTD, is dealing in high grade 100% Cotton Yarns,
Fabrics, Garments & Accessories. The Group's activities are spread over 65
countries worldwide.
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Manufactures Monitors (CRT & LCD), Computer casings, Keyboard, Mouse,
Speaker, UPS, Notebook computers and many more. Also specializes in OEM and ODM
supplies.
- Employs
1200 people in 7 countries and has diversified business interests in areas like
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Manufacturing & Distribution of I.T products
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Manufacturing & Distribution of Pharmaceutical products
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Cotton yarn trading
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Investment & Development of Real estate
- Global investment and Venture
capital funding
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Manufacturing & Distribution of TV sets in a joint venture with LG-Korea in
Russia
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Manufacturing & Distribution of copiers with Minolta - Japan in India
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Maintains offices in the following locations with contact details:
Russia
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Address
: House 6 Korpus 3 Azovskaya St 704706, Moscow 117149
Tel
no. : 95-3107545
E-mail : amoli@dol.ru
Ukraine
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Address : Flat 15 Strasse
Knarnospartizanski Shosse 18, Kiev 252160
Tel/Fax
no. : 44-2673301
E-mail :
amoliukr@public.ua.net
Vietnam
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Address
: 133 Ngo Quyen Ward 6, Dist 10 Ho
Chi Minnh City
Tel/Fax
no. : 8-8562908
E-mail :
amoli.vn@bdvn.vnd.net
Germany
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Stock Point - Hamburg
- The
Group's activities are spread over 65 countries worldwide.
Chemphar Offices / Stock Points
-------------------------------------------
- Hong Kong
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Mumbai (India)
- Ho
Chi Minh City (Vietnam)
- Hanoi
(Vietnam)
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Moscow (Russia)
- Jebel
Ali (UAE)
- Lagos
(Nigeria)
Business Contacts
-------------------------
- North
America
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Central America
- South America
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Europe
- Asia
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Africa
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Australia
- New
Zealand
Also maintains strategic alliance for manufacturing of TV sets in a
joint venture with LG-KOREA in Russia and copiers with MINOLTA-JAPAN in
India.
PAYMENT
RATING : 3 OBTAINED SCORES :
53
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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 MODERATE 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.
*Bank Details*
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Bank Name : CITIBANK NA
Branch : Central,Hong Kong
Branch Address : 50Fl Citibank Plaza - Citibank Tower 3 Garden Rd
SWIFT Code : CITIHKHX
Bank Name : CALYON
Branch : Central,Hong Kong
Branch Address : 42Fl One Exchange Square 8 Connaught Rd
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,Hong Kong
Branch Address : 9Fl HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
Bank Name : INDIAN OVERSEAS BANK
Branch : Central,Hong Kong
Branch Address : 3Fl Ruttonjee House 11 Duddell St
SWIFT Code : IOBAHKHH
Bank Name : UFJ BANK LTD
Branch : Central,Hong Kong
Branch Address : Ground Fl Fairmont House 8 Cotton Tree Drive
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : BNP PARIBAS - HONG KONG BRANCH
Branch : Central,Hong Kong
Branch Address : 59-63Fl Two Int'l Finance Centre 8 Finance St
SWIFT Code : BNPAHKHH
SC is considered medium-sized in its line with a long history. Credit up
to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2000 Food
and Kindred Products
Trading 2800 Chemicals
and Allied Products
Trading 2834 Pharmaceutical
preparations
Trading 2899 Chemical
preparations,
Trading 3545 Machine
tool accessories, and parts,
Trading 3555 Printing
trades machines and equipment, and parts and accessories,
Trading 3571 Electronic
computers
Trading 3575 Computer
terminals
Trading 3577 Computer
peripheral equipment, and parts,
Trading 5045 Computers
Equip/Software
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2800 Inorganic
chem, org/inorg compounds of precious metals, isotopes
Trading 3000 Pharmaceutical
products
Trading 3006 Pharmaceutical
goods (specified sterile prod etc.)
Trading 3800 Miscellaneous
chemical products
Trading 8471 Automatic
data process machines; magn reader, etc. computer hardware
Trading 8471927200 Printers
Trading 8508 Electromechanical
tools, working in hand; parts
Trading 8524910030 Prepackaged
software for adp machines, of a kind sold at retail: recorded on
magnetic
media for reproducing other than sound or image
Trading 8542 Electronic
integrated circuits & microassembl, parts
Trading 9017802000 Hand
operated input devices which transmit position data to computer
processors
or displays (digitizers)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Computer
peripherals
Trader Pharmaceutical
raw materials
Trader Chemicals
Trader Add-on
cards
Trader Computer
monitors
Trader Computers
Trader Consumer
electronics
Trader Desktop
computers
Trader E-commerce
software
Trader Electronic
computers
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Europe
Importing from North America
Importing from USA
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%)