MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
CROWN INT'L |
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Registered Office : |
Flat B 11FL Mercantile House, 186 Nathan Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
July 15, 2006 |
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Com. Reg. No.: |
36971275 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Local purchase of diamonds. Sales and distribution of diamonds to local and export markets. |
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 : |
New & Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CROWN INT'L
FLAT B 11FL MERCANTILE HOUSE
186 NATHAN RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27303356
FAX : 852-27224535
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 15, 2006
REGISTRATION NO. :
36971275
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. MOHAMED IBRAHIM AKBAR (GENERAL MANAGER)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
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 Registration*
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License number : 36971275
Date issued : 15 July,
2006
Issuing authority : Inland
Revenue Dept.
Type of license :
Business
*Office & Facilities*
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Previous address : Flat 5B
Grandview Mansion 119B Chatham Rd Tsimshatsui Kowloon
*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.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
Management: Mr. Mohamed Ibrahim Akbar, General Manager
Name Nationality
Job Description
Mr. Mohamed Ibrahim Akbar Indian
General Manager
*Key Personnel*
============
Mohamed Ibrahim Akbar
HKID no :
ZZ5236699
Address :
Flat 5B Grandview Mansion 119B Chatham Rd, Tsimshatsui, Kowloon Hong Kong
Responsibility :
Handles the overall management of the company.
Date of appointment : 15 July,
2006
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase of diamonds.
2. Sales and distribution of diamonds to local and export markets.
Products: Diamond
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Teleprahic Transfer
(T/T)
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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Majority 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 : 4 OBTAINED SCORES : 46
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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 sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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 3911 Jewelry,
of precious metal
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
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%)