MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
KOTHARI
TRADING (HK) LTD |
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Registered Office : |
6FL Hang Shun Bldg 10-12 Wyndham St
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 16, 2002 |
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Com. Reg. No.: |
0825973 |
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Legal Form : |
Private Company |
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Line of Business : |
Engaged
in distribution of gems, diamonds and jewelry. |
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/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME
KOTHARI
TRADING (HK) LTD
6FL HANG SHUN BLDG 10-12 WYNDHAM ST
CENTRAL, HONG KONG
TEL: 852 25255003
FAX: 852
25252013
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 16, 2002
REGISTRATION NO. : 0825973
LEGAL FORM :
PRIVATE COMPANY
CHIEF EXECUTIVE : MR. MANAK CHAND RAJENDRA KUMAR KOTHARI (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL :
US$ 386,598
BUSINESS LINE : TRADER
TURNOVER :
NA
EQUITIES :
NA
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO USD 15,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.76732= US$1 AS OF 2006-06-30
*Company
Registration*
===================
(1)
License number : 0825973
Date
issued : 16 December, 2002
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License number : 33218272
Date
issued : N/A
Issuing
authority : Inland Revenue Dept.
Type of
license : Business
*Capital Details*
=============
Authorized
capital : HKD 3,000,000.00 divided into 3,000,000 ordinary shares at HKD
1.00/-each , fully paid
*Corporate & Organization Structure*
=============================
A small
sized company operated and managed by an experienced team of professionals.
*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*
=================
Total
number of shareholders : 2
Total
number of shares : 3,000,000
Shareholders'
Name
No. of shares Amount of
shares (HKD) % of Shares
---------------------------
-------------------
-----------------------------
---------------
Mr.
Manak Chand Rajendra Kumar Kothari 2,000,001 2,000,001.00
66.67
KOTHARI
TRADING CO LTD 999,999 999,999.00 33.33
*Director's
Details*
===============
Mr.
Manak Chand Surendar Kumar Kothari
India
Passport no. : Z-1191162
Address : 3B Sunrise Bldg 5-16-8
Ueno, Taito-ku, Tokyo, 1100005, Japan
*Company
Secretary*
=================
VERCOS
LTD
C. R.
no. : 110986
Address
: Rm 1903, 19Fl Nan Fung Tower 173 Des Voeux Rd, Central, Hong Kong
Management
: Mr. Manak Chand Rajendra Kumar
Kothari, General Manager
Mr.
Manak Chand Surendar Kumar Kothari, Director
*Key
Personnel*
=============
Mr.
Manak Chand Rajendra Kumar Kothari
National
ID no. : R321604(6)
Address : 6Fl Hang Shun Bldg 10-12
Wyndham St, Central, Hong Kong, Hong Kong
Founder : Co-Founder
Work
experience : More than 5 years.
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
*Main
Products & Services*
======================
Specializes
in distribution of gems, diamonds and jewelry.
Products
: Diamonds
Gems
Jewelry
*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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Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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10% of
the annual turnover is attributed to local sales.
*Export
Markets*
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90% of
the annual turnover is attributed to export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
56
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Rating Key |
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
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 favorable market conditions. A credit
line up to USD 15,000 would appear to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 3911
Jewelry, of precious metal
Trading 3915
Jeweler's findings and
materials, and lapidary work
Trading 3961
Jewelry of materials other
than solid gold, platinum & silver
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7103991000
Gemstones, cut but not set suitable
for use in jewelry
Trading 7104200000
Synthetic or reconstructed gemstones
unworked or simply sawn or roughly shaped
Trading 7113205000
Jewelry of base metal clad with
precious metal
Trading 7116201000
Jewelry of precious or semiprecious
stones
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 |