MIRA
INFORM REPORT
|
Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
|
Name : |
KAY GEE SONS (HK) LTD |
|
|
|
|
Registered Office : |
Rm 404A 4FL Hankow Centre 5-15 Hankow Rd, Tsimshatsui
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
August 4, 1994 |
|
|
|
|
Com. Reg. No.: |
0487834 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing of precious stones. Sales and distribution of products to domestic and international
markets. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
KAY GEE SONS (HK) LTD
RM 404A 4FL HANKOW CENTRE 5-15 HANKOW RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-28507738
FAX : 852-28501717
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 4, 1994
REGISTRATION NO. :
0487834
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. VINOD KANAYALAL PARYANI (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 12,837
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79738= 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 : 0487834
Date issued : 4 August,
1994
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 18404317
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 100,000.00 divided into 10,000 ordinary shares
at HKD 10.00/-each, 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*
===================
Only Mr. Vinod Kanayalal Paryani can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: anita.sin@allpak.com.hk
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 10,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- ----------------
Vinod Kanayalal Paryani
9,999
99,990.00
99.99
Purshotam Ramchandani 1 10.00 0.01
*Directors' Details*
==============
(1)
Payal Vinod Paryani
Passport no : Z1004246 (India)
Address : Rm 6011, 6Fl
Fortune Winner Bldg 206 Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Relationship : Wife of Mr. Vinod Kanayalal Paryani
(2)
Purshotam Ramchandani
HKID no : P441446(6)
Address : Flat A 7Fl 83
Broadway St Mei Foo Sun Chuen Kowloon Hong Kong
*Corporate Secretary*
================
MULTI-CHAIN LTD
Address : Rm 301 Kam On
Bldg 176A Queen's Rd Central Central Hong Kong
CR no. : 209214
*Key Personnel*
============
Vinod Kanayalal Paryani
Passport no : B294752
(India)
Address : Rm 6011, 6Fl Fortune Winner Bldg
206 Sung Chiang Rd Chungshan Dist Taipei City
104
Taiwan
Responsibilities : Handles the overall management of the company.
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Importing of precious stones.
2. Sales and distribution of products to domestic and international
markets.
Products: Precious stones
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Imports*
========
100% of the products are imported.
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
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
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*Bank Details*
===========
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
SC is considered small-sized in its line with a 13 years 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 3281 Cut
stone and stone products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116205000 Articles
of precious or semiprecious or synthetic stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)