MIRA
INFORM REPORT
|
Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
SHINE STONE
(HK) LTD |
|
|
|
|
Registered Office : |
Unit Q10, 6FL Kaiser Estate - Phase 3, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
May 19, 2006 |
|
|
|
|
Com. Reg. No.: |
1046366 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Trading diamonds. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
name & address
SHINE STONE
(HK) LTD
UNIT Q10, 6FL KAISER ESTATE - PHASE 3,
HUNGHOM
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.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.82300 = US$1 AS OF 2007-05-25
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 : 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
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
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
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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 |
|
This score serves as a reference to assess SCs 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%)