MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG STONE CO |
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Registered Office : |
Rm 707, 7FL Kowloon Centre 33 Ashley Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
May 2, 2003 |
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Com. Reg. No.: |
33594765-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Local purchases a wide range of stone and other related products. Sales and distribution of products to local and international
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
HONG KONG STONE CO
RM 707, 7FL KOWLOON CENTRE 33 ASHLEY RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27367744
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
2, 2003
REGISTRATION NO. :
33594765-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. SHRENIKKUMAR RATILAL SHAH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
N/A
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 7.79936 = 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*
==================
License number : 33594765-000
Date issued : 2 May,
2003
Issuing authority : Business Registration
Office - Inland Revenue Dept
Type of License :
Business
*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: hkstone@biznetvigator.com
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
*Key Personnel*
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Shrenikkumar Ratilal Shah
Founder :
Sole founder
HKID no :
P1242931
Address : 8C
Bo Yip Bldg 6-8 Ashely Rd Tsimshatsui Kowloon Hong Kong
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchases a wide range of stone and other related products.
2. Sales and distribution of products to local and international
markets.
Products: Gemstones
Limestone
Semi-precious
Stone
*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
*Local Distribution Network*
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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 worldwide.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 4 OBTAINED SCORES :
47
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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 sole proprietorship company, no official financial statement is
required to be publicly disclosed.
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
Exporting 1422 Crushed,
broken limestone
Exporting 1442 Construction
sand & gravel
Exporting 3200 Stone,
Clay, & Glass Products
Exporting 5039 Construction
Materials, NEC
Trading 1422 Crushed,
broken limestone
Trading 1442 Construction
sand & gravel
Trading 3200 Stone,
Clay, & Glass Products
Trading 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2517100010 Limestone, crushed or broken
Exporting 2521 Limestone
flux; lmstn & oth cal sto usd mfr lime, cement
Exporting 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Exporting 6810 Articles
of cement, concrete or artificial stone
Exporting 6810990050 Articles of cement, of concrete or of artificial stone, whether
or not reinforced
Exporting 6815 Articles
of stone or other mineral substance
Trading 2517100010 Limestone,
crushed or broken
Trading 2521 Limestone
flux; lmstn & oth cal sto usd mfr lime, cement
Trading 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Trading 6810 Articles
of cement, concrete or artificial stone
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Limestone
Trader Gemstones
Trader Semi-precious
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
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%)