MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
REWA
INTERNATIONAL |
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Registered Office : |
Rm B, 9/F, Golden Glory Mansion, 16 Carnavorn Road, Tsimshatsui,
Kowloon Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.02.2004 |
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Com. Reg. No.: |
34254077 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in import & export of diamond. |
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 : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Name & Address
REWA INTERNATIONAL
RM B, 9/F, GOLDEN
GLORY MANSION, 16 CARNAVORN ROAD, TSIMSHATSUI, KOWLOON HONG KONG.
TEL : 852 93470447 (MOBILE NO.)
FAX : 852 23671499
EXECUTIVE SUMMARY
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INCORPORATION
DATE |
6-2-2004 |
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REGISTRATION NO. |
34254077 |
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REGISTERED LEGAL
FORM |
SOLE PROPRIETORSHIP |
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CHIEF EXECUTIVE |
AGARWAL ASHOK KUMAR (SOLE PROPRIETOR) |
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STAFF STRENGTH |
1 |
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AUTHORIZED
CAPITAL |
[IN HK, UNLIMITED COS. ARE NOT
REQUIRED TO FILE ITS CAPITAL PARTICULARS TO BR OFFICE (THE INLAND REVENUE)] |
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PAID-UP CAPITAL |
NOT APPLICABLE |
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BUSINESS LINE |
IMPORT & EXPORT OF DIAMOND |
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TURNOVER |
N/A (AS OF DEC. 31, 2005) |
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EQUITIES |
N/A (AS OF DEC. 31, 2005) |
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PAYMENT |
AVERAGE |
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RECOMM. CREDIT
RANGE |
SMALL AMOUNT |
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MARKET CONDITION |
COMPETITIVE |
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FINANCIAL
CONDITION |
FAIRLY STABLE |
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OPERATIONAL TREND |
FAIRLY STEADY |
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GENERAL REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD 7.77660 = USD1 AS OF 2006-12-1 |
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
The correct address of SC is the heading one instead of the address
given by you.
SC was established under Business Registration number 34254077 on
6-2-2004 with present status as sole proprietorship.
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
- Agarwal Ashok Kumar Same as
heading business address
/ 2-1539807
No material change or amendment regarding SC has been traced & noted
since its inception.
Total number of employees :
1.
Location :
Maintaining its office at the heading
business address which occupies a gross area of 600 square feet at a commercial
& residential building in a residential district.
Condition inside the premises during our visit :
Normal.
Office/factory layout :
Standard.
The premises is rented.
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 HK, unlimited companies are not required
to file its charge particulars for public inspection.
Agarwal Ashok Kumar, sole proprietor:
- In his 40's
- He is by Indian nationality
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:
Appraisal is not given as available information regarding the
principal(s) is insufficient for assessment.
Business categories :
SC is engaged in import & export of diamond.
Items available include ruby, sapphire, black diamond, emarald,
jadelite, citrine, topaz, garnet and opal.
Principal purchases :
Major
types of sourcing : Diamond
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : India (mainly), S. Africa
& Europe
Buying
terms : L/C
& T/T
Principal market :
Local--type
of customers : Nil
Selling
terms : Nil
Overseas--buying
countries : PR China
Selling
terms : L/C &
T/T
SC is not known to have any subsidiary at present.
Overall payment appraisal :
( ) Excellent (
) Good ( ) Average ( ) Fair (
) Poor (X) 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.
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:
- Bank of India
- Bank of China (HK) Ltd.
Upon a current
contact, Agarwal Ashok Kumar, SC's sole proprietor, 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 still in early stage of development with a comparatively limited
track record in its performance. Credit
should be confined to small amount at present.
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)