MIRA
INFORM REPORT
|
Report Date : |
26.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
C MAHENDRA EXPORTS (HONG KONG) LTD |
|
|
|
|
Registered Office : |
Rm 808, 8FL Guard Force Centre 3 Hok Yuen St East Hunghom
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
21.04.2004 |
|
|
|
|
Com. Reg. No.: |
896722 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Exporting jewelry and diamonds.
|
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Up To USD 25,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
C MAHENDRA EXPORTS (HONG KONG) LTD
RM 808, 8FL GUARD FORCE CENTRE 3 HOK YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23112011
FAX: 852-27210173
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 21, 2004
REGISTRATION NO. :
896722
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. RAJU J. SONI (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 99,743
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 25,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81325 = US$1 AS OF 2007-2-13
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 : 896722
Date issued : 21 April,
2004
Issuing authority : Companies
Registry
*Capital Details*
============
Authorized capital: HKD 775,000.00 divided into 775,000 ordinary shares
of HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Other e-mail : cj@cmahendra.com.hk
Previous Contact Details
-----------------------------------
Address : Rm 108, 1Fl Wing On Plaza 62 Mody Rd Tsimshatsui East
Kowloon
*Corporate & Organization Structure*
=============================
Maintains executive team having vast experience in procuring, producing,
assorting and exporting diamonds.
*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. Prakash Kirtilal Mehta can sign on behalf of the company with
seal affixed.
*Registrar*
========
- SIMON CHONG & CO
www.cmahendra.com The design is professional and the content is well
organized. At present it is both in English version.
E-mail: hk@cmahendra.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder : 1
Total number of shares :
775,000
Shareholder's Name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- ---------------------------------- -----------------
C MAHENDRA INT'L LTD
775,000 775,000.00 100.00
*Director's Details*
==============
Prakash Kirtilal Mehta
Passport no :
Z1689012
Address :
Unit 7-8, 8Fl Guardforce Centre 3 Hok Yuen St East Hunghom Kowloon, Hong Kong
Responsibility :
Handles the overall management of the company.
*Company Secretary*
=================
TAXBASE CONSULTANTS LTD
CR no : 411324
Address : Rm 615, 6Fl Hollywood
Plaza 610 Nathan Rd Kowloon Hong Kong
Management: Mr. Raju J. Soni,
Manager
Ms. Joan Ngai, Manager
Name Nationality Job Description
Mr. Raju J. Soni Indian
Manager
Ms. Joan Ngai Hong
Kong Manager
*Key Personnel*
=============
Raju J. Soni
Email : rajusoni@hotmail.com
*Main Products & Services*
=====================
Specializes in exporting jewelry and diamonds.
Products: Diamond gems
Jewelry
Polished diamonds
Rough diamonds
*Payment Terms*
=============
Sales
------
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
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*
==============
100% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : C MAHENDRA DIAMOND MFG PVT LTD
Address : Plot 9A/10 Block 26, 8 MG Rd Udyog Udhna Surat 394210 Gujarat
India
Country : India
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS
Address : Rm 1204, 12Fl Opera House Panchratana Dr MP Marg Mumbai
(Bombay) 400004 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS (THAILAND) CO LTD
Address : Rm 919/370 Suite 2909, 29Fl Jewelry Trade Center Silom Rd
Silom Bangkok 10500 Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS LLC
Address : Suite 201, 576 Fifth Ave New York 10036 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA INFO JEWELS
Address : Sta Cruz Electronics Export Processing Zone(SEEPZ) - Block
16-17-28-29 Andheri East Mumbai (Bombay) 400096 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA JEWELS PVT LTD
Address : Rm G-33, 3Fl G & J Complex III - SEEPZ Andheri East Mumbai
(Bombay) 400096 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CM EXPORT SDN BHD
Address : Rm 2-2-5, 2Fl Menara KLH Business Center 2 Jalan Kasipillay
Off Jalan Ipoh 2.5 Miles Kuala Lumpur 51200 Selangor Malaysia
Country : Malaysia
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CM GEMS BVBA
Address : Box 26 B-2018, 6Fl 15 Schupstraat Antwerpen Belgium
Country : Belgium
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CMJ LLC
Address : Suite 605, 390 Fifth Ave New York 10018 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : COMBINE JEWELLERY LLC
Address : Suite 80, 3Fl Gold Center Bldg - Zone V Al Ras St Deira Dubai
United Arab Emirates
Country : United Arab Emirates
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
=========================
Group name: CM Group
Members : C MAHENDRA DIAMOND
MFG PVT LTD
C MAHENDRA
EXPORTS
C MAHENDRA
EXPORTS (THAILAND) CO LTD
C MAHENDRA
EXPORTS LLC
C MAHENDRA
INFO JEWELS
C MAHENDRA
JEWELS PVT LTD
CM EXPORT
SDN BHD
CM GEMS BVBA
CMJ LLC
COMBINE
JEWELLERY LLC
PAYMENT RATING : 3 OBTAINED SCORES : 57
|
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 MODERATE 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.
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of moderate amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3961 Jewelry
of materials other than solid gold, platinum & silver
Exporting 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7116 Articles
of natural or cut pearls, prec/semprc stones
Exporting 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
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/normal. |
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%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions