MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SINOWIN PACIFIC LTD |
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Registered Office : |
Rm B7, 11FL Hankow Centre 4a Ashley
Rd, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.12. 2003 |
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Com. Reg. No.: |
0874736 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of diamonds. |
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 : |
Small
Company |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
SINOWIN PACIFIC LTD
RM B7,
11FL HANKOW CENTRE 4A ASHLEY RD
TSIMSHATSUI
KOWLOON,
HONG KONG
TEL: 852 23683777
FAX: 852 27242912
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 10, 2003
REGISTRATION NO. :
0874736
CHIEF EXECUTIVE :
MR. ZIAUDDEEN AHMED AHMED YASEEN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
UP TO USD 3,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77913 = US$1 AS OF 2006-11-6
*Company Registration*
===================
(1) License number : 0874736
Date issued : 10 December, 2003
Issuing authority :
Companies Registry
Type of license
: Corporate
(2) License number : 34432308-000
Issuing authority
:
Inland Revenue Department
Type of license
: Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital :
HKD 10,000.00
Paid-up capital : HKD 2.00
divided into 2 shares
*Corporate & Organization Structure*
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A small-sized company operated and managed by an
experienced team of professionals.
*Reputation*
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Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
E-mail :
yaseen@hkstar.com
For the
past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : 2
Shareholders' Name No of Shares Amount
of Shares (HKD) % of Shares
--------------------------
----------------- ------------------------------- -----------
Mr. Ziauddeen Ahmed Ahmed Yaseen 1 1.00
50.00
Mr. Sadhak Mushtak
Ahmed Yaseen 1 1.00 50.00
*Director's Details*
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Mr. Sadhak Mushtak Ahmed Yaseen
HKID no : XD802350(1)
Address : Rm B7, 11Fl Hankow Centre 4A Ashley Rd
Tsimshatsui Kowloon Hong Kong
*Company Secretary*
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VMC SECRETARIES LTD
Name Nationality
Job Description
Mr. Sadhak Mushtak Ahmed Yaseen Indian Director
Mr. Ziauddeen Ahmed Ahmed Yaseen Indian General Manager
*Key Personnel*
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Mr. Ziauddeen Ahmed Ahmed Yaseen
Founder : Co-Founder
HKID no : XD574998(6)
Address : Rm B7, 11Fl Hankow Centre 4A Ashley Rd
Tsimshatsui Kowloon Hong Kong
Work experience
: More than 5 years
Responsibilities
: Handles the daily operation of the firm including all
financials, sales and legal matters.
*Main Products & Services*
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Specializes in trading of diamonds.
Products : Diamonds
*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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50% of the annual turnover is attributed to local
sales.
*Export Markets*
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50% of the annual turnover is attributed to export
worldwide.
SC is
not known to have any subsidiary at present.
PAYMENT RATING :
4 OBTAINED SCORES : 47
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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 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. It is considered a credit line up to USD3,000 appears to be within
SC’s capacities.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 3911 Jewelry, of precious metal
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Trading 7102 Diamonds, worked or not, not mounted or set
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
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 |
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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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