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MIRA
INFORM REPORT
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Report Date : |
16th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
RAJKO TRADERS (HONG KONG) LTD |
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Registered Office : |
17fl
Tern Center - Tower 1, 237 Queen's Rd Central Hong Kong |
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Country : |
Hong
Kong |
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Date of Incorporation : |
16.03.1973 |
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Com. Reg. No.: |
32491 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged
in trading a wide variety of products such as electrical, electronic, novelty
and clothing products. |
RATING & COMMENTS
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MIRAs 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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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
RAJKO
TRADERS (HONG KONG) LTD
17FL
TERN CENTER - TOWER 1, 237 QUEEN'S RD CENTRAL HONG KONG
TEL : 852
25212121
FAX : 852
28452102
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 16, 1973
REGISTRATION NO. :
32491
CHIEF EXECUTIVE :
MR. M. DHAKAL (EXECUTIVE MARKETING)
STAFF STRENGTH :
30
CAPITAL :
US$ 2,574,003
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 60,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.80886 = US$1 AS OF 2007-2-8
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
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*Company
Registration*
===================
(1)
License
number : 32491
Date
issued : 16 March, 1973
Issuing
authority : Companies Registry
(2)
License
number : 04121082
Date
issued : N/A
Issuing
authority : Business Registration Office - Inland Revenue Dept
*Capital
Details*
============
Authorized
capital: HKD 20,000,000.00 divided into 200,000 ordinary shares of HKD
100.00/-each, fully-paid
*Registrar*
=========
WELLKUT
SECRETARIES (HK) LTD
*Office
& Facilities*
===============
Other
Contact Details
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Tel no : 25212121 ext. 13
Fax no : 25301878, 21251790/1/2
E-mail :
merch@rajkohk.com
Previous
Contact Details
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Address : Unit F 4Fl Ho Lee
Commercial Bldg 38-44 D'Aguilar St Central Hong Kong
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
*Approved
Signatures*
====================
Mr.
Suresh Gobindram Makhijani can sign on behalf of the company with seal affixed.
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E-mail :
mktg@rajkohk.com
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For the
past two years there is no record of litigation.
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Direct Parent : MANOR INVESTMENTS
LTD
Country :
Channel Islands
*Major
Shareholders*
=================
Total
number of shareholders : 2
Total
number of ordinary shares : 200,000
Shareholder's
Name
No. of Shares Amount of
Shares (HKD) % of Shares
--------------------------
------------------
-------------------------------- -----------------
MANOR
INVESTMENTS LTD
199,998
19,999,800.00
100.00
BNP
PARIBAS JERSEY NOMINEE CO LTD
2 200.00 -
*Directors'
Details*
===============
(1)
Priya
Haresh Lal Babani
HKID
no : XD615132(4)
Address : Flat 17A Fu Bon Court
Fortress Garden 32 Fortress Hill Rd, North Point, Hong Kong
Date of
appointment : 6 November, 2006
(2)
Bhagwan
Ramchand Khubchandani
HKID
no : XD570239(4)
Address : Flat A2 19Fl Coral
Court 116-126 Tin Hau Temple Rd, Hong Kong
(3)
Suresh
Gobindram Makhijani
HKID
no : K627161(8)
Address : Flat A2 19Fl Coral
Court 116-126 Tin Hau Temple Rd Hong Kong
*Company
Secretary*
=================
Priya
Haresh Lal Babani
HKID
no : XD615132(4)
Address : Flat 17A Fu Bon Court Fortress Garden 32 Fortress Hill
Rd, North Point, Hong Kong
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Name Nationality Job Description
Mr. M.
Dhakal Hong Kong Executive Marketing
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*Main
Products & Services*
======================
Specializes
in trading a wide variety of products such as electrical, electronic, novelty
and clothing products.
Products
: Calculator
Coffee
machines
Cookware
Electric kettles
Electrical
products
*Payment
Terms*
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Sales
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Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
=======================
There is
no record of local sales since the prime focus of the firm's activity is
concentrated on exports only.
*Export
Markets*
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100% of
the annual turnover is attributed to export.
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*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Maintains
the following :
-
Factory in Ghana
- Sales
offices in USA and Nigeria
- 13
department stores in Ghana
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PAYMENT RATING :
3 OBTAINED SCORES : 61
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Implication |
Implications |
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1 |
Scores 85100 |
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.
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As a
limited company there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
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SC is considered small-sized in its line with favorable market
conditions. It is considered a credit line up to USD 60,000 appears to be
within SCs capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 2300
Apparel/Other Textile
Products
Trading 2321
Men's and boys' shirts
Trading 2322
Men's and boys' underwear
and nightwear
Trading 2331
Women's and misses'
blouses and shirts
Trading 2341
Women's girls', and
infants' underwear and nightwear
Trading 2353
Hats, caps, and millinery
Trading 2392
House furnishings
Trading 3085
Plastics bottles, flasks,
and similar articles
Trading 3149
Footwear
Trading 3600
Electronic & Electric
Equip.
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 6109
T-shirts, singlets, tank
tops etc, knit or crocheted
Trading 6405
Footwear
Trading 7000
Glass & glassware
Trading 7323
Household articles &
parts, iron & st; ir or steel wool etc
Trading 7323930015
Teakettles of stainless steel, and
parts thereof
Trading 7615107030
Aluminum cookware not cast not enam
or glzd
Trading 8470
Calculating & account
machines, cash registers etc
Trading 8470100060
Electronic calculators capable of
operation without an external source of
power,
except display only type
Trading 8509
Electromech domestic
appliances; parts
Trading 8510
Electric shavers &
hair clippers; parts
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Electronic
products
Trading Footwear
Trading Gift
Trading Glassware
Trading Hair
clippers
Trading Hats
& caps
Trading Home
appliances
Trading Household
products
Trading Massage
instruments
Trading Novelty
items
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Africa
Exporting
to Ghana
Exporting
to Nigeria
Exporting
to USA
Importing
from Asia
Importing
from China
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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