MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
VENTURA TRADING (HK) LTD |
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Registered Office : |
Rm 1702 Workington Tower, 78 Bonham Strand |
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Country : |
Hong Kong |
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Date of Incorporation : |
August 30, 2005 |
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Com. Reg. No.: |
0992854 |
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Legal Form : |
Private |
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Line of Business : |
Import and local purchase of a wide range of electronics and household
products. Sales and distribution of purchased products to local and
international market. |
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. |
Small |
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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
VENTURA TRADING (HK) LTD
RM 1702 WORKINGTON TOWER
78 BONHAM STRAND, HONG KONG.
TEL: 852-35831535
FAX: 852-35831538
EXECUTIVE SUMMARY
INCORPORATION DATE : AUGUST
30, 2005
REGISTRATION NO. :
0992854
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ANOOP HEMLANI (CEO)
STAFF STRENGTH :
10
CAPITAL :
US$ 256,739
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75406 = US$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
*Company Registration*
===================
(1)
License number : 0992854
Date issued : 30 August,
2005
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 35978894-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital : HKD 2,000,000.00 divided into 20,000 ordinary
shares at HKD 100.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: anoop@venturatrdg.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 20,000
Shareholder's Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ------------------------------- ---------------------------------- -----------------
Thakur Das Hemlani 14,000 1,400,000.00 70.00
Jaywanti Thakurdas Hemlani 6,000 600,000.00 30.00
*Directors' Details*
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(1)
Thakur Das Hemlani
Hong Kong ID no. :
XD132089(6)
Address :
Flat A 6Fl Elegant Garden 18 Babington Path Mid-levels Hong Kong
Occupation :
Merchant
(2)
Jaywanti Thakurdas Hemlani
Hong Kong ID no. :
XD813810(4)
Address :
Flat A 6Fl Elegant Garden 18 Babington Path Mid-levels Hong Kong
*Company Secretary*
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GOODWILL INT'L MANAGEMENT CONSULTANTS LTD
CR number : 831193
Address : Rm 1902 Workington
Tower 78 Bonham Strand East Hong
Kong
Management: Mr. Anoop Hemlani, CEO
Name Nationality
Job Description
Mr. Anoop Hemlani Hong Kong CEO
*Key Personnel*
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Anoop Hemlani (Also known as Alex)
E-mail address : anoop@venturatrdg.com
Responsibility : Handles the overall management of the company.
*Main Products & Services*
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Specializes in the following areas of work :
1. Import and local purchase of a wide range of electronics and household
products.
2. Sales and distribution of purchased products to local and
international market.
Products: DVD (digital video discs)
Disposable
batteries
Dry battery
Electronic
products
Household
products
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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Implication |
Implications |
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1 |
Scores 85–100 |
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 SMALL amounts
depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Global Identifier : 30401640
Branch : Central, Hong Kong
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd Central Hong
Kong (Head Office)
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance, a credit line up to USD 10,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3635 Vacuum
cleaners, household type, electric, and parts,
Trading 3639 Household
appliances, and parts,
Trading 3652 Phonograph,
record blanks, and prerecorded tapes
Trading 3691 Storage
batteries, and parts,
Trading 3692 Primary
batteries, and parts,
Trading 5064 Electrical
Appliances
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8506 Primary
cells & batteries, parts
Trading 8506800000 Primary
batteries
Trading 8507800000 Other
storage batteries
Trading 8509 Electromech
domestic appliances; parts
Trading 8509100040 Electric
vacuum cleaners
Trading 8519990045 Audio
laser disc players (compact disc)
Trading 8524 Records,
tapes & other recorded sound media etc computer software
Trading 8524310000 Discs
for laser reading systems, for reproducing phenomena other than sound or
image
Trading 8524903000 Video
discs, recorded
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Primary
batteries
Trader Thermos
Trader Vacuum
flasks
Trader DVD (digital
video discs)
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Importing from Asia
Importing from China
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. |
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%)