MIRA
INFORM REPORT
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Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
SPS (HK) LTD |
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Registered Office : |
1212A Kiu Fung Mansion 14-18 Austin Ave,
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.12.1999 |
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Com. Reg. No.: |
0699026 |
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Legal Form : |
Private |
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Line of Business : |
Importing
and domestic sales of diamond products.
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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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Maximum Credit Limit : |
USD
10,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
No
Complaints |
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Litigation : |
Clear |
name
SPS (HK) LTD
address
1212A KIU FUNG MANSION 14-18 AUSTIN AVE
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-27350150
FAX: 852-27364473
EXECUTIVE SUMMARY
INCORPORATION
DATE : DECEMBER 24, 1999
REGISTRATION
NO. : 0699026
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MS. EBA
PUI-SHAN FONG (CHAIRMAN)
STAFF
STRENGTH : 4
CAPITAL : US$ 1,287
BUSINESS
LINE : IMPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : USD 10,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIRLY STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79588 =
US$1 AS OF 2007-1-9
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
*Company
Registration*
===================
(1)
License
number : 0699026
Date
issued : 24 December, 1999
Issuing
authority : Companies Registry
Type of license : Corporate
(2)
License
number : 30638231
Issuing
authority : Business Registration
Office
Type of
license : Business
*Registered
Office*
===============
Although
the company is operating its main business from the address listed above, the
actual business
license
is legally registered at:
Address : Unit 2108, 21Fl, 8 Wing Hing St, North
Point, Hong Kong
*Capital
Details*
============
Authorized
capital : HKD 10,000.00 divided into 10,000 ordinary shares at HKD 1.00/-each,
fully paid
*Corporate
& Organization Structure*
============================
A small
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.
*Approved
Signatures*
=================
Only Ms.
Eba Pui-shan Fong can sign on behalf of the company with seal affixed.
E-mail: binaraju@netvigator.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
===================
Total
number of shareholders : 2
Total
number of ordinary shares : 10,000
Shareholders'
Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- -------------------------------- --------------------------------- ---------------
Eba
Pui-sha
9,999 9,999.00 99.99
Hoi-wan
Cheung
1 1.00 0.01
*Directors'
Details*
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(1)
Hoi-wan
Cheung
HKID no.
: E817970(A)
Address : Flat B 29Fl Ravana Garden - Block 1, 1-3
On King St, Shatin, New Territories, Hong Kong
(2)
Rajiv
Suryakant Shah
HKID no.
: P464005(9)
Address : Flat D 11Fl Kimberley Mansion 15 Austin
Ave, Tsimshatsui, Kowloon, Hong Kong
*Corporate
Secretary*
=================
Y'S
CONSULTING LTD
CR.
number : 228745
Address : 24Fl Golden Centre 188 Des Voeux Rd,
Central, Hong Kong
Management:
Mr. Rajiv Suryakant Shah, Manager
Ms. Eba Pui-shan Fong, General Manager
Name Nationality
Job Description
Mr.
Rajiv Suryakant Shah Indian Manager Sales
Ms. Eba
Pui-shan Fong Hong Kong General Manager
*Key
Personnel*
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Ms. Eba
Pui-shan Fong
Founder : Co-Founder
HKID
no. : G502223(0)
Address : Flat A, 23Fl, 93 Ting Fu St, Ngau Tau Kok, Kowloon, Hong
Kong
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
Work
experience : More than 5 years
*Main
Products & Services*
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Specializes
in importing and domestic sales of diamond products.
Products:
Diamond product
Diamonds
Diamond product
Diamonds
*Payment
Terms*
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Sales
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Local : Cash
30-60 days credit
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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100% of
the annual turnover is attributed to local sales.
*Export
Markets*
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There is
no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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
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 a development history of 8 years. It is
considered a credit line up to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3961
Jewelry of materials other
than solid gold, platinum & silver
Importing 5094
Jewelry/Watches/Precious
Mtl
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
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7102100000
Diamonds, unsorted
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Service Structural
engineering
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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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