MIRA
INFORM REPORT
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Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROYAL
ENTERPRISES |
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Registered Office : |
Room
701-2, 7/F, Yip Fung Building, 2-18 D'aguilar Street, Central Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.04.1978 |
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Com. Reg. No.: |
05566326 |
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Legal Form : |
Partnership |
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Line of Business : |
Engaged in design & trading of jewellery. |
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 |
Company name & Address
ROYAL
ENTERPRISES
ROOM
701-2, 7/F, YIP FUNG BUILDING,
2-18 D'AGUILAR STREET, CENTRAL, HONG KONG.
TEL : 852 25212443
FAX : 852 28452706
EXECUTIVE SUMMARY
INCORPORATION DATE :
1-4-1978
REGISTRATION NO. :
05566326
REGISTERED LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : SADHWANI RAJESH MOHANDAS (PARTNER)
STAFF STRENGTH :
3
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 :
DESIGN & TRADING OF JEWELLERY
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 7.78045
= USD1 AS OF 2006-11-24
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
SC was established under Business Registration
number 05566326 on 1-4-1978 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
Sadhwani Mohan Tikamdas / Q178986 Rm E, 12/F,
Victoria Road,
10
Scenic Villa Drive, Pokfulam,
Hong
Kong.
Sadhwani Rajesh Mohandas / K056231 28 Scenic Villa
Drive, Apt. 14N,
Victoria
Road, Hong Kong.
Certain material change or amendment regarding SC
within the last 4 years has been traced & noted as follows:
Change in principal(s):
Name(s) of
admitted partner(s) Joining
date
Nil Nil
Name(s) of retired
partner(s) Leaving
date
Sadhwani Thawerdas Tikamdas 6-3-2006
Sadheani Prakash Suresh 6-3-2006
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.
Sadhwani Rajesh Mohandas, partner:
- In her 40's
- She is by Indian nationality
- Embarked upon her career to present field as a
junior salesman in her late 20's
Currently active in SC's day-to-day operations
& is responsible for its management.
Registered residential address: As stated above.
Property ownership: Current land search indicates
the said premises ownership as follows:
- Owner(s) : Rich Union Investment Ltd.
- Date of purchase & consideration : 27-3-1997
/ HKD14.7M (pt.)
- Date of mortgage & secured amount : 23-3-2005
/ ANS
- Mortgagee : Wing Lung Bank Ltd.
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
Sadhwani Mohan Tikamdas, partner:
- He is by Indian nationality
- Embarked upon his career to present field as a
junior salesman in his early 30'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 : 60 (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 design & trading of jewellery.
Items available include colored stone, diamond
rings, earrings and necklaces.
Production is assigned to its affiliated
factory/joint venture factory located
at Dongguan, Guangdong Province, PR China.
Principal purchases :
Major types of sourcing :
Merchandise, raw materials & accessories
Local--type of suppliers :
Manufacturers, importers & distributors
Buying terms :
Credit of 30 days
Overseas--supplying countries :
Belgium, India & Israel
Buying terms :
T/T, L/C & special agreed terms
Principal market :
Local--type of customers : Nil
Selling terms :
Nil
Overseas--buying countries : USA
& SE Asia
Selling terms :
COD, L/C & T/T
Total number of
employees : 3.
Location : Maintaining its office at the heading business
address which occupies a gross area of 1,800 square feet at a commercial
building in a commercial district.
Condition inside
the premises during our visit : Active.
Office/factory
layout : Good.
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 : SC did not
provide any name of trade/service suppliers and we have no
other
sources to conduct the enquiry at present.
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
- Bank of India
Upon a
current contact, Sadhwani Mohan Tikamdas, SC's partner, declined forwarding any
financial information on the ground that it is the company's policy not
releasing any data to a third party without the benefit of knowing the identity
of the inquiring party.
SC is considered a normally advancing
concern with steady customers and good base to meet its trade engagements. Credit in the range of moderate amount can
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 |
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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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