MIRA
INFORM REPORT
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Report Date : |
10.10.2007 |
IDENTIFICATION DETAILS
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Name : |
NAVSHANTI (HK) LTD |
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Registered Office : |
Rm A 4FL Hart House |
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Country : |
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Date of Incorporation : |
December 20, 1999 |
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Com. Reg. No.: |
0698524 |
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Legal Form : |
Private |
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Line of Business : |
Import of wide range of electronic products, hardware, sundry items, footwear,
household items, textiles, luggage and bicycle and spare parts. Sales and distribution of products to local and international
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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Maximum Credit Limit : |
Up To USD 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
NAVSHANTI (HK) LTD
RM A 4FL HART HOUSE
TSIMSHATSUI
TEL : 852-23665986
FAX : 852-23677957
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 20, 1999
REGISTRATION NO. :
0698524
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHANDRESH NAVAL RAI MIRPURI (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75846 = 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 –
*Company Registration*
===================
(1)
License number : 0698524
Date issued : 20
December, 1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 30596421-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
============
Nominal capital : HKD 1,000,000 divided into 1,000,000 ordinary shares
of HKD 1.00/-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.
*Approved Signatures*
=================
Only Mr. Chandresh Naval Rai Mirpuri can sign on behalf of the company
with seal affixed.
Web site: www.navshanti.com the
design is professional and the content is well organized. At present it is in
English version.
E-mail: navshanti@biznetvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders :
3
Total number of ordinary shares : 1,000,000
Shareholders' Name No. Ordinary of
Shares Amount of Shares (HKD) % of Shares
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---------------------------------
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Chandresh Naval Rai Mirpuri 400,000
400,000.00 40.00
Sanjay Chandresh Mirpuri 300,000
300,000.00 30.00
Romesh Chandresh Mirpuri 300,000
300,000.00 30.00
*Directors' Details*
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(1)
Sanjay Chandresh Mirpuri
HKID no :
P342475(1)
Address : Rm
(2)
Romesh Chandresh Mirpuri
HKID no :
P450915(7)
Address : Rm
*Company Secretary*
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Chandresh Naval Rai Mirpuri
HKID no :
K975289(7)
Address : Rm
Responsibility :
Handles the overall management of the company.
Management: Mr. Kumar Sukhwani, Representative
Name Nationality
Job Description Dept. / Division
Mr. Kumar Sukhwani
*Key Personnel*
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(1)
Chandresh Naval Rai Mirpuri
HKID no : K975289(7)
Address : Rm
Responsibility :
Handles the overall management of the company.
(2)
Kumar Sukhwani
Address : Rm
A 4Fl Hart House
*Main Products & Services*
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Specializes in the following areas of work:
1. Import of wide range of electronic products, hardware, sundry items, footwear,
household items, textiles, luggage and bicycle and spare parts.
2. Sales and distribution of products to local and international
markets.
Products: Bicycle
Bicycle spare
parts
Button cell
Candles
Consumer
electronics
*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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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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains overseas offices in
PAYMENT RATING :3 OBTAINED SCORES : 53
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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 : UNION BANCAIRE
PRIVEE SA
Address : 96-98 Rue Due Rhone Case Postal B -
20
Account number : 6093164
SC is considered small-sized in its line with a development history of 8
years. It is considered a credit line up to USD 30,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2099 Food
products,
Trading 2392 Housefurnishings,
Trading 2399 Fabricated
textile products,
Trading 2844 Toilet
preparations
Trading 3149 Footwear,
Trading 3161 Luggage
Trading 3429 Hardware,
Trading 3600 Electronic
& Electric Equip.
Trading 3692 Primary
batteries, and parts,
Trading 3999 Manufactured
articles,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2106 Food
preparations
Trading 3300 Oils
& resinoids, perfumery, cosmetic or toilet preparations
Trading 3307900000 Depilatories
and other perfumery, cosmetic or toilet preparations
Trading 3400 Soaps,
waxes, scouring products, candles, modeling pastes, dental waxes
Trading 3406 Candles,
tapers and the like
Trading 4602102100 Luggage,
handbags and flatgoods, of bamboo, whether or not lined
Trading 5911 Textile
products etc. for specific tech uses
Trading 6405 Footwear
Trading 7323 Household articles & parts,
iron & st; ir or steel wool etc
Trading 8302 Hardware,
fixtures, castors etc & parts, base metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader DVD
players
Trader Candles
Trader Luggages
Trader Hardware
Trader Foodstuffs
Trader Sudries
Trader Shoes
Trader Shoe
charms
Trader Bicycle
Trader Bicycle spare
parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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%)