MIRA
INFORM REPORT
|
Report Date : |
13.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SHINE STONE (HK) LTD |
|
|
|
|
Registered Office : |
Unit Q10, 6FL Kaiser Estate - Phase 3, 11
Hok Yuen St, Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
19.05.2006 |
|
|
|
|
Com. Reg. No.: |
1046366 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading
diamonds. |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
name
SHINE STONE (HK) LTD
address
UNIT Q10, 6FL KAISER ESTATE - PHASE 3, 11 HOK YUEN ST
HUNGHOM KOWLOON, HONG KONG
TEL: 852 35211441
FAX: 852
35211441
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 19, 2006
REGISTRATION NO. :
1046366
CHIEF EXECUTIVE :
MR. HITESH PARSHOTAMBHAI MANGUKIA (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 192,555
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.77425 = US$1 AS OF 2006-12-21
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 : 1046366
Date
issued : 19 May, 2006
Issuing
authority : Companies Registry
Type of license : Corporate
(2)
License
number : 36766082-000
Issuing
authority : Inland Revenue Dept.
Type of
license : Business
*Capital
Details*
============
Authorized
capital : HKD 1,500,000.00, fully paid
*Corporate
& Organization Structure*
=============================
A small
sized company operated and managed by the owner.
*Reputation*
==========
Due to
the recent incorporation of the firm, and the relatively small nature of it's
business, no meaningful points of reference in terms of reputation within the
respective industry was possible.
E-mail :
shinestoneltd@yahoo.com
SC is not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Shareholders'
Name % of Shares
---------------------------
----------------
Hitesh
Parshotambhai Mangukia 90.00
Undisclosed investors
10.00
*Company
Secretary*
=================
CHAMPION
CORPORATE LTD
CR
No. :
0657221
Address : Rm 2803, 28Fl China
Resources Bldg 26 Harbour Rd Wanchai Hong Kong
Date of
Appointment : 19 May, 2006
Name Nationality
Job Description
Mr.
Hitesh Parshotambhai Mangukia Indian
General Manager
*Key
Personnel*
=============
Hitesh
Parshotambhai Mangukia
Founder : Sole Founder
India
Passport No : E1822885
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the
firm including all financial and legal matters.
*Main
Products & Services*
======================
Specializes
in trading diamonds.
Products
: Diamonds
*Payment
Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
=======================
50% of
the annual turnover is attributed to local sales.
*Export
Markets*
=============
50% of
the annual turnover is attributed to export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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
limited company there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
Additionally
as the company was only established seven (7) months ago no financials have
been lodged.
SC was
established recently in 2006 with a small size, and its credit has not been
established yet. Credit dealings with SC are recommended under secured terms at
present.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
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
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to USA
Importing
from Asia
Importing
from India
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|