MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ZENITH TRADING (HK) |
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Registered Office : |
Flat B, 4/F, Hon Kwong Mansion, 25-29 Hankow Road, Tsimshatsui
East, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11-11-2002 |
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Com. Reg. No.: |
33128281 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in import & export of fine
jewellery & electronic products |
RATING & COMMENTS
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MIRA’s 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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
ZENITH TRADING (HK)
FLAT B, 4/F, HON KWONG MANSION,
25-29 HANKOW ROAD, TSIMSHATSUI EAST, KOWLOON, HONG KONG.
TEL: 852 23690225
FAX: 852 23690325
EXECUTIVE SUMMARY
INCORPORATION DATE : 11-11-2002
REGISTRATION NO. : 33128281
REGISTERED LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : MOHAMED UVAIS S.A.K.A.Y.
(PARTNER)
STAFF STRENGTH : 2
AUTHORIZED
CAPITAL : [IN HONG KONG, UNLIMITED COMPANIES ARE NOT REQUIRED
TO FILE ITS CAPITAL PARTICULARS
TO BR OFFICE (THE INLAND REVENUE)]
PAID-UP CAPITAL : NOT APPLICABLE
BUSINESS LINE : IMPORT & EXPORT
OF FINE JEWELLERY & ELECTRONIC
PRODUCTS
TURNOVER : N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : MODERATE AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.77844 = USD1 AS OF 2006-07-26
The correct address of SC is the heading one instead of the address given by you.
SC was established under Business Registration number 33128281 on 11-11-2002 with present status as partnership.
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
- Mohamed Uvais S.A.K.A.Y. / K407024(0) Flat B, 4/F, Hon Kwong Mansion,
25-29 Hankow Road, Tsimshatsui,
Kowloon, HONG KONG.
- Seyed Aboosalih Habeeb Mohamed / -- ditto -
M212038(1)
Certain material change or amendment regarding SC within the last 4 years has been traced & noted as follows:
Change of business address : SC moved to the heading business address from Flat A, 7/F, Hon Kwong Mansion, 25-29 Hankow Road, Tsimshatsui, Kowloon, HONG KONG. in Dec 2005.
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.
Mohamed Uvais S.A.K.A.Y., partner:
- In his 40's
- Embarked upon his career to present field as a junior salesman in his 20's
Currently active in SC's day-to-day operations & is responsible for its management.
Registered residential address: Same as heading business address.
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
Seyed Aboosalih Habeeb Mohamed, partner:
- In his 40's
- Embarked upon his career to present field as a junior salesman in his 20's
Currently active in SC's day-to-day operations & is responsible for its management.
Registered residential address: Same as heading business address.
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 import & export of fine jewellery & electronic products.
Items available include precious & semi-precious jewellery, cut & polished stone, gemstones & jade, diamond, metal watch case, digital clock & watch movement, electronic timer, digital camera, audio & video tapes, used home electrical appliance, electrical personal care appliance, kitchen appliance, mobile phone & mobile phone equipment.
Principal purchases :
Major types of sourcing : Merchandise
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : India, SE Asia & USA
Buying terms : L/C & T/T
Principal market :
Local--type of customers : Nil
Selling terms : Nil
Overseas--buying countries : PR China, SE Asia & Europe
Selling terms : L/C, T/T & open account of 30 days
Total number of employees : 2.
Location : Maintaining its office at the heading business address which occupies a gross area of 650 square feet at a residential building in a commercial & shopping district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Standard.
Outside sources indicated that SC has 2 overseas branch offices as follows:
- Zenith Ent(s) Pvt Ltd. (based in Singapore)
- Star Enterprises (based in Sri Lanka)
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 : Owing to the nature of its business, SC is not an active seeker of local commerical credit since merchandise/materials are imported. Its expenses in the form of accruals and servicing are reportedly met in prompt manner.
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: HSBC.
Upon a current contact, SC's principal(s) declined forwarding any
financial information on the ground that SC is a private venture whose data is
not required for public inspection.
Re: In HONG KONG, only the public listed cos., financial institutions & overseas cos. are obligated to file their financial statements to Companies Registry for public search. Generally, the private limited cos. & unlimited cos. always keep those data as highly confidential matter.
SC is considered small-sized in its line locally with acceptable base to meet its normal dealings. Credit up to moderate amount may 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 |