MIRA
INFORM REPORT
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Report Date : |
13th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SRB DIAM (H.K.) |
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Registered Office : |
Flat A, 7/F, Houng Sun Building, 45-47 Carnarvon Road,
Tsimshatsui East, Kln., Hong Kong. |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.01.2005 |
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Com. Reg. No.: |
35269827 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in fine jewellery. |
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 : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
SRB
DIAM (H.K.)
FLAT
A, 7/F, HOUNG SUN BUILDING, 45-47 CARNARVON ROAD, TSIMSHATSUI EAST, KLN., HONG
KONG.
TEL : 852 31147994
FAX : 852 31147995
EXECUTIVE SUMMARY
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INCORPORATION
DATE |
17-1-2005 |
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REGISTRATION NO. |
35269827 |
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REGISTERED LEGAL
FORM |
SOLE PROPRIETORSHIP |
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CHIEF EXECUTIVE |
BHADIYADRA RAJESHKUMAR NARANBHAI (SOLE PROPRIETOR) |
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STAFF STRENGTH |
3 |
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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 |
TRADING OF FINE JEWELLERY |
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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 |
FAIR |
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OPERATIONAL
TREND |
ORDINARY |
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GENERAL
REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD 7.81493 = USD1 AS OF 2007-3-13 |
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 35269827 on
17-1-2005 with present status as sole proprietorship.
Currently obtained BR copy indicates the particulars of SC's
principal(s) are as follows:
Name(s) of principal(s) & ID/Passport number(s) Registered address
- Bhadiyadra Rajeshkumar Naranbhai 12/F, Hilton
Towers,
/ E6479912 96
Granville Road,
Tsimshatsui
East, Kln., HK.
Certain material change or amendment regarding SC within the last 2 years has been traced & noted as follows:
Change of business address : SC moved to the heading business address
from 12/F, Hilton Towers, 96 Granville Road, Tsimshatsui East, Kln., HK on
6-5-2005.
Total number of employees
3.
Location:
Maintaining its office at the heading
business address which occupies a gross area of 600 square feet at a commercial
& commercial building in a commercial & shopping district.
Condition inside the premises during our visit:
Normal.
Office/factory layout:
Standard.
This section will contain the civil litigations & winding-up
petitions filed against SC for the last 2 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.
Bhadiyadra Rajeshkumar Naranbhai, sole proprietor:
- He is by Indian nationality
- Embarked upon his career to present field as an executive trainee in
his mid 20's
He is 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 : 50 (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 fine jewellery.
Items available include diamond, precious & semi-precious stones.
Principal purchases :
Major
types of sourcing :
Merchandise
Local--type
of suppliers : Nil
Buying
terms : Nil
Overseas--supplying
countries : India
Buying
terms : L/C
& T/T
Principal market :
Local--type
of customers : Wholesalers
Selling
terms : COD &
credit of 30 days
Overseas--buying
countries : PR China, Japan, South Korea
& SE Asia
Selling
terms : L/C &
T/T
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 2
years.
Banking relations are maintained principally with: HSBC.
During our report
preparation, the principals could not be contacted while the staff members
hesitated to release financial information without the principals' consent.
Re: In HK, only the public
listed cos. financial institutions & overseas cos. are obligated to file
their financial statements to Companies Registry for public search. Generally, the private limited cos. &
unlimited cos. always keep those data as highly confidential matter.
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%)