MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROLLING
STONE |
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Registered Office : |
Flat D, 6/F, Tower 2, Lakeview Garden, 21
Yau On St., Shatin, N.T. |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.07.2001 |
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Com. Reg. No.: |
31973387 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in wholesale & supply of diamond. |
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 : |
New
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
ROLLING STONE
FLAT D, 6/F, TOWER 2, LAKEVIEW GARDEN,
21 YAU ON ST., SHATIN, N.T., HONG KONG.
TEL : 852 23345550
FAX : 852 23344449
EXECUTIVE SUMMARY
INCORPORATION DATE :
1-7-2001
REGISTRATION NO. :
31973387
REGISTERED LEGAL FORM : SOLE PROPRIETORSHIP
CHIEF EXECUTIVE : PAYMASTER GAURANG RAMESH
(SOLE PROPRIETOR)
STAFF STRENGTH :
2
AUTHORIZED
CAPITAL : [IN HONG KONG, UNLIMITED COS. ARE NOT
REQUIRED TO FILE
ITS
CAPITAL PARTICULARS TO BR OFFICE (THE INLAND
REVENUE)]
PAID-UP
CAPITAL : NOT APPLICABLE
BUSINESS LINE :
WHOLESALE & SUPPLY OF DIAMOND
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77189 = USD1 AS OF 2006-12-5
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 was established under Business Registration
number 31973387 on 1-7-2001 with present status as sole proprietorship.
Currently obtained BR copy indicate the particulars
of SC's principal(s) are as follows:
Name(s) of
principal(s) & ID/Passport number(s) Registered address
- Paymaster Gaurang Ramesh / P762260(4) Flat C, 4/F, Blk 3,
Palm Mansion, Whampoa Garden,
Hunghom, Kowloon, Hong Kong.
No material change or amendment regarding SC has
been traced & noted since its inception.
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) : In Hong Kong,
unlimited companies are not required to file its charge particulars for public
inspection.
aymaster Gaurang Ramesh, sole proprietor:
- In his late 40's and married
- He is by Indian nationality
Currently active in SC's day-to-day operations
& is responsible for its management.
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 : 55 (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 wholesale & supply of diamond.
Items available include colourless sapphire,
emerald, ruby, jade, gemology, precious & semi-precious stones.
Principal purchases :
Major types of sourcing :
Merchandise
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
South Africa, South America & Europe (mainly Belgium)
Buying terms :
L/C & T/T
Principal market :
Local--type of customers :
Retailers, counterparts & exporters
Selling terms :
Special agreed terms
Overseas--buying countries : PR
China, India, USA, Europe (mainly Belgium)
Selling terms :
Special agreed terms
Total number of
employees : 2.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,274 square feet at a residential
building in a residential district.
The premises is rented.
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 : SC did not
provide any name of trade/service suppliers and we have no other sources to
conduct the enquiry at present.
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:
ABN AMRO Bank N.V.
Upon a
current contact, Paymaster Gaurang Ramesh, SC's sole proprietor, 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.
SC is still in early stage of development with a
comparatively limited track record in its performance. Credit dealings with SC in small amount can
be considered.
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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