MIRA
INFORM REPORT
|
Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
IN COLLECTION LTD |
|
|
|
|
Registered Office : |
Flat 901, 9FL Harbour Centre - Tower 2, 1-8 Hok Cheung St Hunghom
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
15.11.2005 |
|
|
|
|
Com. Reg. No.: |
1007854 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing of diamonds, jewelry and precious stones |
RATING &
COMMENTS
|
MIRA’s 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. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
NAME AND ADDRESS
IN COLLECTION LTD
FLAT 901, 9FL HARBOUR CENTRE - TOWER 2,
1-8 HOK CHEUNG ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-23113011
FAX: 852-23111167
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 15, 2005
REGISTRATION NO. :
1007854
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KAMLESH JIVANBHAI SHAH (CHAIRMAN)
STAFF STRENGTH :
5
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 :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.76392 = 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 : 1007854
Date issued : 15
November, 2005
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36196746-000
Issuing authority : Inland
Revenue Department
Type of license :
Business
*Capital Details*
============
Share value : HKD
1.00/-each
Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
Paid-up capital : HKD 1.00
divided into 1 ordinary share
*Office & Facilities*
================
Other e-mail : incollection009@hotmail.com
*Corporate & Organization Structure*
=============================
A small-sized company operated and managed by the owner.
*Reputation*
==========
Due to the lack of any third party references and the small nature of the
company's business, we were unable to
establish the level of the firm's reputation within the respective industry.
*Approved Signatures*
====================
Only Mr. Kamlesh Jivanbhai 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: info@inc-dimoni.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder :
1
Total number of ordinary share :
1
Shareholder's Name
No. of Ordinary Share Amount
of Share (HKD) % of Share
--------------------------
----------------------------- -------------------------------- --------------
Mr. Kamlesh Jivanbhai Shah 1 1.00 100.00
*Company Secretary*
=================
PD&T BUSINESS SERVICES LTD
C.R. no : 0746596
Address : 5Fl Far East
Consortium Bldg 121 Des Voeux Rd, Central, Hong Kong
Management: Mr. Kamlesh Jivanbhai Shah, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Kamlesh Jivanbhai Shah Indian
General Manager -
*Key Personnel*
=============
Mr. Kamlesh Jivanbhai Shah
Founder : Sole
founder
HKID no. :
K97892(7)
Address : Flat
901, 9Fl Harbour Centre Tower 2, 8 Hok Cheung St Hunghom Kowloon Hong Kong
Work experience : Has 12 years
experience in diamond selling
Responsibility : Handles
the overall management of the firm.
*Main Products & Services*
=====================
Specializes in the following areas of work :
1. Importing of diamonds, jewelry and precious stones such as follows :
- White, nattas, TTLB, TTLC
and Mystery cut with assorted size.
- Fancy Brown, Brown, single
cut, fancy color and also fancy shape.
- From (10-50) points by GIA
grading
- Provides fancy cut, Taper,
Buguette, Princess cut, Marquise & Pears.
2. Distribution of product to local and overseas market.
2. Also accepts OEM.
Products: Diamonds
Jewelry
Precious metal
Precious
stones
Watches
*Payment Terms*
=============
Sales
------
Local : Cash
30-60 days
credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
===========
Member of the :
- Indian Chamber of Commerce in Hong Kong, The
*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
|
Rating Key |
Implication |
Implications |
|
1 |
Scores 85–100 |
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 private limited company 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 7102100000 Diamonds,
unsorted
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7115 Articles
of or clad with precious metal
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from India
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. |
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 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%)