MIRA
INFORM REPORT
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Report Date : |
30.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
FAMI INT'L |
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Registered Office : |
Rm 1, 13fl Star Mansion 3-5 Minden Row, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
August
14, 2006 |
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Com. Reg. No.: |
37048996 |
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Legal Form : |
Sole
Proprietorship |
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Line of Business : |
Importing
and trading diamond products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
name & ADDRESS
FAMI INT'L
RM 1, 13FL STAR MANSION 3-5 MINDEN ROW
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-23115211 FAX: 886-23115711
EXECUTIVE SUMMARY
INCORPORATION
DATE : AUGUST 14, 2006
REGISTRATION
NO. : 37048996
LEGAL
FORM : SOLE
PROPRIETORSHIP
CHIEF
EXECUTIVE : MR. NOORUL
AMEEN SHEIK (CHAIRMAN)
STAFF
STRENGTH : 3
CAPITAL : US$ 1,287
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : NOT YET
DETERMINED
RECOMM.
CREDIT RANGE : UNDER SECURED TERMS
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : N/A
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : N/A
EXCHANGE
RATE : TWD 32.92000 =
US$1 AS OF 2007-1-29
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company
Registration*
===================
License
number : 37048996
Date
issued : 14 August, 2006
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of
license : Busness
*Corporate
& Organization Structure*
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A
small-sized company, mainly operated and managed by the owner.
*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.
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Under
Hong Kong corporate law, there is no existing "shareholder" in a sole
proprietorship.
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.
Management
: Mr. Noorul Ameen Sheik, General Manager
Name Nationality
Job Description
Mr.
Noorul Ameen Sheik Indian General Manager -
*Key
Personnel*
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Noorul
Ameen Sheik
Founder : Sole Founder
HKID
no : ZZ5241129
Address : 76 Block Y 6th St, Anna
Nagar, Chennai (Madras), Tamil Nadu, 600040 India
Responsibilities : Handles the overall management of
the company
*Main
Products & Services*
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Specializes
in importing and trading diamond products.
Products:
Diamond
Diamond product
Diamond
Diamond product
*Payment
Terms*
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Sales
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Local : Cash, 30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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50% of
the annual turnover is attributed to local sales.
*Export
Markets*
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50% of
the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : NR OBTAINED SCORES : 0
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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.
*Bank
Details*
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Bank
name : WING LUNG BANK LTD
Branch : Tsimshatsui
Account
no : 612-000-9296-4
As a
sole-proprietorship company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC was
established recently in a small size, and its credit has not been established
yet. Credit dealings with SC are recommended under secured terms.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3961
Jewelry of materials other
than solid gold, platinum & silver
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7102100000
Diamonds, unsorted
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
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
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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/normal. |
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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