MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
P. K. IMPEX |
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Registered Office : |
Blk A, 6/F, Garden Mansion, 154-156
Austin Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19-2-1999 |
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Com. Reg. No.: |
22274984 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in trading of gemstones |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Concern |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME & ADDRESS
P. K. IMPEX
BLK A, 6/F, GARDEN MANSION, 154-156 AUSTIN ROAD,
TSIMSHATSUI, KOWLOON, HONG KONG.
TEL: 852 27301902
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : 19-2-1999
REGISTRATION NO. : 22274984
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : SHAH
PARESH KIRTILAL (SOLE PROPRIETOR)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL : [IN HK, UNLIMITED COS. ARE NOT
REQUIRED TO FILE ITS
CAPITAL PARTICULARS TO BR OFFICE (THE INLAND
REVENUE)]
PAID-UP CAPITAL : NOT APPLICABLE
BUSINESS LINE : TRADING OF GEMSTONES
TURNOVER : N/A(AS
OF DEC.31, 2004)
EQUITIES : N/A(AS
OF DEC.31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.76020= USD1 AS OF 2006-06-07
SC was established under Business
Registration number 22274984 on 19-2-1999 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
- Shah Paresh Kirtilal / P012726(8) Rm A, 12/F,
Kiu Fung Mansion,
18 Austin Road, Tsimshatsui,
Kowloon, HK.
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 Rm A, 12/F, Kiu Fung Mansion, 18 Austin
Road, Tsimshatsui, Kowloon, HK in Jan 2005.
Total number of employees : 2.
Location : Maintaining
its office at the heading business address which occupies a gross area of 400
square feet at a residential building in a commercial & shopping district.
Condition inside the premises during
our visit : Normal.
Office/factory layout : Standard.
Property ownership : Current land
search indicates the ownership details of the captioned premises as follows:
- Owner(s) : Shah Paresh Kirtilal
- Date of purchase & consideration
: 19-2-2004 / HKD 2.88M
- Date of mortgage & secured amount
: 19-2-2004 / ANS
- Mortgagee : GE Capital (Hong Kong)
Ltd.
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 HK, unlimited
companies are not required to file its charge particulars for public
inspection.
Shah Paresh Kirtilal, sole proprietor:
- In his late 40's
- He is by Indian nationality
- Embarked upon his career to present
field in his 20's
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 trading of gemstones.
Items available include diamond &
other precious stones for jewellery sets.
Principal purchases :
Major types of sourcing : Gemstones
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : South Africa & SE Asia
Buying terms : L/C & T/T
Principal market :
Local--type of customers : Dealers
Selling terms : COD
Overseas--buying countries : India
Selling terms : T/T
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.
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.
SC is considered small-sized in its
line locally with an acceptable base to come into credit dealings of small
amount.
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 |