MIRA
INFORM REPORT
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Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
PROFIT CROWN ENTERPRISES LTD |
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Registered Office : |
15Fl
Cameron Plaza Block F 23-25a Cameron Rd, Tsimshatsui Kowloon |
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Country : |
Hong
Kong |
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Date of Incorporation : |
June 15,
1993 |
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Com. Reg. No.: |
0427263 |
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Legal Form : |
Private
Company |
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Line of Business : |
Engaged
in the business of importing & domestic sale 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 : |
Moderate
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
PROFIT CROWN
ENTERPRISES LTD
15FL CAMERON PLAZA BLOCK F 23-25A CAMERON RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852 90110727
FAX: 852 23147585
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 15, 1993
REGISTRATION NO. : 0427263
LEGAL FORM :
PRIVATE COMPANY
CHIEF EXECUTIVE : MR. HITESH R. JHAVERI (CHAIRMAN)
STAFF STRENGTH : 3
CAPITAL :
US$ 1,289
BUSINESS LINE : IMPORTER
TURNOVER :
NA (AS OF 31 MARCH, 2005)
EQUITIES :
NA (AS OF 31 MARCH, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO USD 5,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.76790= US$1 AS OF 2006-06-26
*Company Registration*
===================
(1) License number : 0427263
Date issued : 15 June, 1993
Issuing authority : Companies Registry
Type of license : Corporate
Legal form : Private Limited Liability Company
(2) License number : 18624066
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
: 15 Fl Cameron Plaza 23-25a Block F Cameron Rd Tsimshatsui Kowloon
*Company Name*
==============
*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 mainly 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 Mr. Kuntal Shah can sign on behalf of
the company with seal affixed.
E-mail : TNKgems@netvigator.com
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country
Party's Name
Plaintiff
Hong Kong CITY TELECOM (HK) LTD
Case Issue : A petition to the court
claiming overdue payment for services rendered (filed under case no. SCTC15258/2000)
Court : District Court, Hong Kong
Date Commenced : 23 May, 2000
Status : Not stated
Litigation ( 2 )
Position : Defendant
Other Parties Involved : Position Country
Party's Name
Plaintiff
Hong Kong TIMESHARE DEVELOPMENT (CI) LTD
Case Issue : A petition to the court
claiming overdue payment on rent amounting to 15,522.00 (filed under case no.
DCDT853/2003)
Court : District Court, Hong Kong
Date Commenced : 11 February, 2003
Status : Not stated
*Major Shareholders*
=================
Total number of shareholders : 2
Total number of shares : 10,000
Shareholders' Name No. of shares
Amount of ordinary shares (HKD)
% of Shares
-------------------------- ----------------- ---------------------------------------------- ----------
Mr. Kuntal Shah 5,000 5,000.00 50.00
Mr. Hitesh R. Jhaveri 5,000 5,000.00 50.00
*Director's Details*
===============
Mr. Kuntal Shah
HKID No : P544226(9)
Address
: 10Fl, Garden Mansion, Block A, 154-156 Austin Rd, Tsimshatsui,Kowloon,
Hong Kong
*Company Secretary*
=================
Mr. Kuntal Shah
HKID No : P544226(9)
Address
: 10Fl, Garden Mansion, Block A, 154-156 Austin Rd, Tsimshatsui,Kowloon,
Hong Kong
Management : Mr. Hitesh R. Jhaveri, General Manager
Mr. Kuntal Shah, Director
*Key Personnel*
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Mr. Hitesh R. Jhaveri
INDIA Passport No : B562556
Address : 10Fl, Garden Mansion, Block A, 154-156
Austin Rd, Tsimshatsui, Kowloon, Hong Kong
Work experience : More than 10 years
Responsibilities : Handles the daily operation of the firm including all
financial and legal matters.
Main Products & Services*
======================
Specializes in importing & domestic sale
of diamonds.
Products : Diamond
jewelry
Gems
Gems & jewelry
Gems jewelry
Gemstones
*Payment Terms*
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Sales
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Local
: Cash
30-90 days credit
Export : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T) - in advance
Purchases
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Import : Letter of Credit (L/C) at sight
Telegraphic Transfer (T/T) - in advance
*Trading Names*
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Although the company is legally registered
by the name listed above, it is commonly known as TNK GEMS under which it
operates locally.
*Exhibition Participation*
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Exhibition fair : Hongkong International Jewellery Show 2000
Date attended : 6-9 March, 2000
Location : Hongkong Convention & Exhibition Centre
*Local Distribution Network*
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99% of the annual turnover is attributed to
local sales.
*Export Markets*
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1% of the annual turnover is attributed to
exports.
SC is not known to have any subsidiary at
present.
PAYMENT RATING :4 OBTAINED SCORES :
47
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Rating Key |
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.
SC’s principals declined to release any
financial information upon our interview for this credit investigation.
SC is considered small-sized in its line
with fairly stable financial conditions. A credit line up to USD 5,000 would
appear to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Importing
3281 Cut stone and stone products
Importing
3911 Jewelry, of precious metal
Importing
3961 Jewelry of materials other than
solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code
Product/Service
Description
Importing
3926904000 Imitation gemstones
Importing
7100 Pearls, stones, prec. metals,
imitation jewelry, coins
Importing
7101 Pearls, natural or cultured, not
strung or set etc
Importing
7102 Diamonds, worked or not, not
mounted or set
Importing
7103991000 Gemstones, cut but not set suitable for
use in jewelry
Importing
7113190000 Jewelry and parts thereof, of precious
metal other than silver
Importing
7116 Articles of natural or cut
pearls, prec/semprc stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service Description
Importing South
sea pearls
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from India
Importing from Israel
Importing from Middle East
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 |