MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
JB INT'L SOURCING LTD |
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Registered Office : |
Rm 1105-8 11FL Hilder Centre 2 Sung Ping St, Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 19, 2003 |
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Com. Reg. No.: |
0839880 |
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Legal Form : |
Private |
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Line of Business : |
Importing and local purchasing wide range of consumer products. Sales and distribution of 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
JB INT'L SOURCING LTD
RM 1105-8 11FL HILDER CENTRE 2 SUNG PING ST
HUNGHOM KOWLOON, HONG KONG.
TEL : 852-23163642
FAX : 852-23163653
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 19, 2003
REGISTRATION NO. :
0839880
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 1,283,697
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78851= 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 Name*
=============
Incorporated as :
BENTOP LTD
Date of incorporation : 19 March, 2003
Changed name to : JB INT'L
SOURCING LTD
Date of change : 4
February, 2005
*Company Registration*
===================
(1)
License number : 0839880
Date issued : 19 March,
2003
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company
(2)
License number : 33662384-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Office & Facilities*
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Other fax no. : 23562420
*Capital Details*
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Share value : HKD 1.00/-each
Nominal capital : HKD 10,000,000.00
Paid-up capital : HKD
9,881,250.00 divided into 9,881,250 ordinary shares
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signature*
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Mr. Jignesh Keshavial Shah can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: nitu.thapa@jbgroup.com.hk
For the past two years there is no record of litigation.
*Major Shareholder*
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Total number of shareholder
: 1
Total number of ordinary shares : 9,881,250
Shareholder's Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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JB DEVELOPMENT HOLDINGS LTD 9,881,250 9,881,250.00 100.00
*Directors' Details*
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(1)
Jatin Ramesh Chutke
National ID number : P811245(6)
Address :
Flat 3H Block 5 Phase 1 Laguna City Kwun Tong Kowloon Hong Kong
(2)
Jignesh Keshavial Shah
National ID number : P587270(0)
Address : Flat
14C Hilton Tower 90 Granville Rd Tsimshatsui Kowloon Hong Kong
*Company Secretary*
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DSC (CORPORATE SERVICES) LTD
Address : Rms 1910-1913
Hutchinson House 10 Harcourt Rd Central Hong Kong
CR number : 535845
SC management background details are not available at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing wide range of consumer products.
2. Sales and distribution of products to local and international market.
Products: Copper ores
Electronic
components
Garments
Iron ores
Textiles
*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.
*Strategic Partners & Alliances*
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Group name: JB Group
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 : UCO BANK
Branch : Tsimshatsui
Kowloon
SC is considered small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1011 Iron
ores
Trading 1021 Copper
ores
Trading 2200 Textile
Mill Products
Trading 2300 Apparel/Other
Textile Products
Trading 3600 Electronic
& Electric Equip.
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2601 Iron
ores & concentrates, including roast pyrites
Trading 2603 Copper
ores and concentrates
Trading 3926909050 Other
articles of plastic,
Trading 621040 Garment's,
men's and boys', not knit
Trading 6217 Made-up
clothing access, garment etc parts
Trading 6307 Made-up
articles of textile materials
Trading 8542 Electronic
integrated circuits & microassembl, parts
Trading 8542500000 Electronic
integrated circuits , and microassemblies
Trading 8542900000 Parts
for electronic integrated circuits and microassemblies
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from China
Importing from Europe
Importing from India
Importing from South Korea
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%)