MIRA
INFORM REPORT
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Report Date : |
19.01.2007 |
IDENTIFICATION DETAILS
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Name : |
WORLDATA INVESTMENT LTD |
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Registered Office : |
Suite E 6FL Cameron Plaza |
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Country : |
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Date of Incorporation : |
JULY
2, 1991 |
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Com. Reg. No.: |
316294 |
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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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MIRAs 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 : |
Usually
correct |
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Litigation : |
Clear |
name & address
WORLDATA INVESTMENT LTD
SUITE E 6FL
TSIMSHATSUI
TEL : 852-23660727
FAX : 852- 23693221
EXECUTIVE SUMMARY
INCORPORATION
DATE : JULY 2, 1991
REGISTRATION
NO. : 316294
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR.
NARESHKUMAR MANEKLAL SHAH (CHAIRMAN)
STAFF
STRENGTH : 8
CAPITAL : US$
2,510,940
BUSINESS
LINE : IMPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.80341 =
US$1 AS OF 2007-1-18
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company
Registration*
===================
(1)
License
number : 316294
Date
issued : 2 July, 1991
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License
number : 16085448-001
Date
issued : 16 August, 1994
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of
license : Business
*Trading
Name*
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Although
the company is legally registered by the name listed above, it is commonly
known as BLUE DIAM CO under which it operates locally.
*Registered
Office*
==============
Although
the company is operating its main business from the address listed above, the
actual business
license
is legally registered at :
Address : Rm 2810, 28Fl Chung Kiu Commercial Bldg
*Capital
Details*
============
Authorized
capital : HKD 19,510,000.00
Paid-up
capital : HKD 19,500,010.00 divided
into 19,500,010.00 ordinary shares at HKD 1.00/-each
*Corporate
& Organization Structure*
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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*
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Mr.
Ketan Vinodlal Dani can sign on behalf of the company with seal affixed.
Web
site: www.tdctrade.com/bluediam
The design is professional and the content is well organized. At present it is
in English version.
E-mail: dani@hknet.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Total
number of shareholders : 2
Total
number of ordinary shares : 19,500,010
Shareholders'
Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------- ------------------------------- ------------------------------ ---------------
Mr.
Nareshkumar Maneklal Shah
19,500,009
19,500,009.00 100.00
Mr.
Ketan Vinodlal Dani 1 1.00 0.00
*Director's
Details*
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Mr.
Ketan Vinodlal Dani
HKID no
: P386609(6)
E-mail : dani@hknet.com
Address : 2Fl Carmen's Garden Flat D - Tower 3, 9
Cox's Rd Tsimshatsui Kowloon
*Company
Secretary*
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RICH
BASE SECRETARIAL SERVICES LTD
License
number : 581376
Address : Rm 2810, 28Fl Chung Kiu
Commercial Bldg
*Key Personnel*
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Mr.
Nareshkumar Maneklal Shah
Address : 2Fl Carmen's Garden Flat D -
Tower 3, 9 Cox's Rd Tsimshatsui Kowloon
Responsibility : Handles the overall management of the
company.
*Main
Products & Services*
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Specializes
in importing and domestic sales of diamond products.
Products:
Jewelry
Loose
diamonds
Jewelry
Loose
diamonds
*Payment
Terms*
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Sales
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Local : Cash
30-90 days credit
Purchases
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Import :
Letter of Credit (L/C)
Document against Acceptance (D/A)
*Local
Distribution Network*
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90% 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 : 3 OBTAINED SCORES : 57
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Implication |
Implications |
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1 |
Scores 85100 |
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
MODERATE amounts depending on individual judgement experience.
As a
private company there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
Over the
past 16 years, SC has made a stable growth with satisfactory profit. Credit
dealings with SC in moderate amount can be considered.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3911
Jewelry, of precious metal
Importing 5094
Jewelry/Watches/Precious
Mtl
Trading 3911
Jewelry, of precious metal
Trading 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 7102100000
Diamonds, unsorted
Importing 7113
Articles of jewelry &
parts, of precious metal or clad
Importing 7116201000
Jewelry of precious or semiprecious
stones
Trading 7102100000
Diamonds, unsorted
Trading 7113
Articles of jewelry &
parts, of precious metal or clad
Trading 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from
Importing
from
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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