MIRA
INFORM REPORT
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Report Date : |
1st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
AMANI
LTD. |
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Registered Office : |
Flat 804,8/F, Hangseng T.S.T. Builing ,18 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
12.02.2001 |
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Com. Reg. No.: |
82002 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged
in trading of general merchandise. |
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 : |
Regular |
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Litigation : |
Clear |
Company Name & Address
AMANI LTD
FLAT 804,8/F, HANGSENG T.S.T. BUILING ,18 CARNARVON ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
TEL : 852 23683358
FAX : 852 23670235
EXECUTIVE SUMMARY
INCORPORATION
DATE : 12-2-2001
REGISTRATION
NO. : 82002
REGISTERED
LEGAL FORM : PRIVATE LIMITED CO.
CHIEF EXECUTIVE :
SHAH SANJIV CHANDRAKANT (MANAGING DIRECTOR)
STAFF
STRENGTH : 4.
AUTHORIZED CAPITAL :$10,000=10,000 SHARES @1.
PAID-UP CAPITAL :$ 2.
BUSINESS
LINE : TRADING OF
GENERAL MERCHANDISE
TURNOVER : N/A (AS OF DEC.
31, 2004)
EQUITIES : N/A (AS OF
DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : MODERATE AMOUNT
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.80488 =
USD1 AS OF 2007-02-01
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
SC is a
private limited company registered under incorporation file no. 746752 on
12-2-2001.
SC's
shareholders & directors are shown to be as follows:
Shareholders (as at 12-2-2006) Number
of shares held
Shah Mansi Sanjeev 2
==
Directors
(as at 12-2-2006)
Shah
Sanjiv Chandrakant / K801490(6)
The
above registration information is based on SC's annual return filed at
Companies Registry within the last 2 years.
No
material change or amendment regarding SC has been traced & noted within
last 2 years.
Total number of employees : 4.
Location : Maintaining
its office at the heading business address which occupies a gross area of 600
square feet at a commercial building in a commercial district.
Condition inside the premises during our
visit : Normal.
Office/factory layout : Standard.
This
section will contain the civil litigations & winding-up petitions filed
against SC for the last 6 years (as stored in our database), and the
mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such mortgages/charges by an unlimited
co is not required to be registered in the public records
Civil litigation/winding-up petitions: None
in our database.
Mortgage/charge record(s): None
filed since its incorporation date.
Shah
Sanjiv Chandrakant, director:
- In his
early 40's
- He is
by Indian nationality
- He has
over 15 years of experience in present field
Currently
active in SC's day-to-day operations & is responsible for its management.
Registered
residential address: Same as heading business address.
Credit history check : This refers to a check of our database
whether the said person has been involved in any of the following records
stored by us within the last 6 years:
Civil
litigation as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent
payment records : None in our database
Debt
collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership
background appraisal:
Rating : 3 Obtained scores : 58 (see
explanatory notes below)
Keys : 1 : scores
81-100 : Excellent
2
: scores 61-80 : Good
3
: scores 46-60 : Average
4
: scores 21-45 : Fair
5
: scores 01-20 : Poor
The
rating indicates the personal financial & operational strength of SC's
major principals. It is calculated from
a composite of scores obtained from the following 5 factors which carry equal
weight in our analysis:
Personal
financial strength, credit history & trade reputation, business experience
& track record, market connection and management skill.
Business
categories:
SC is
engaged in trading of general merchandise.
Items
available include diamond, jewellery, coloured stones & equipment for
general use & diamond verification.
Principal
purchases :
Major types of
sourcing : Merchandise &
accessories
Local--type of
suppliers : Nil
Buying terms : Nil
Overseas--supplying
countries : Japan, Europe & India
Buying terms : L/C & T/T
Principal
market :
Local--type of
customers : Wholesalers &
retailers
Selling terms : COD & credit of 45
to 60 days
Overseas--buying
countries : PR China & India
Selling terms : L/C & T/T
SC is
not known to have any subsidiary at present.
Overall
payment appraisal :
( ) Excellent ( ) Good (X) Average ( ) Fair (
) Poor ( ) Not yet determined
The
appraisal serves as a reference to reveal SC's payments habits and ability to
pay. It is based on the 3 weighed
factors: Trade payment experience
(through current enquiry with SC's suppliers), our delinquent payment records
and our debt collection record concerning SC.
Trade payment experience : Owing to the nature of its
operation, SC is not an active seeker of local commercial credit. Its expenses
in the form of accruals and servicing are reportedly met in a prompt manner
Delinquent
payment record : None in our database.
Debt collection
record : No overdue amount owed by SC was placed to us
for collection within the last 6 years.
Banking
relations are maintained principally with:
- HSBC
- Bank of Baroda (HK) Ltd.
Upon a
current contact, Shah Sanjiv Chandrakant, SC's director, declined forwarding
any financial information on the ground that it is the company's policy not
releasing any data to a third party without the benefit of knowing the identity
of the inquiring party.
As per
current co. search, total amount of indebtedness of SC in respect of all
mortgages and charges which are required to be registered with Companies
Registry as at 12-2-2006 was nil.
SC is considered a normally advancing concern with steady customers and
good base to meet its trade engagements.
Credit in the range of moderate amount can be considered.
--
Asset Tracing --
Upon our
current investigation, our database & sources consulted indicate that SC
was not involved in any property transaction (both purchase & disposal) in
Hong Kong for the last 6 years.
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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