MIRA
INFORM REPORT
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Report Date : |
15.10.2007 |
IDENTIFICATION DETAILS
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Name : |
JAYKARA (HK) LTD |
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Registered Office : |
Unit 1, 6FL |
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Country : |
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Date of Incorporation : |
December 29, 1994 |
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Com. Reg. No.: |
0501833 |
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Legal Form : |
Private |
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Line of Business : |
Importing of sundry, footwear and foot products. |
RATING & COMMENTS
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MIRAs 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 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name &
address
JAYKARA (HK) LTD
UNIT 1, 6FL
TEL : [+852] 25412633
FAX : [+852] 25411120
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 29, 1994
REGISTRATION NO. :
0501833
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DEEPAK LACHHMANDAS CHHUGANI (COMPANY DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 385,109
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 7.75444 = USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
Note: SC is currently operating at the above stated address,
and its registered legal address is 11Fl Siu Ying Commercial Bldg 153 Queen's
Rd Central Hong Kong.
*Capital Details*
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Authorized capital : HKD 3,000,000.00 divided into 3,000,000
ordinary shares at HKD 1.00/-each, fully paid
*Company Registration*
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(1)
License number :
0501833
Date issued
: 29 December, 1994
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
18758215-000
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Corporate & Organization Structure*
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A family owned and operated business.
*Reputation*
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Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
*Approved Signatures*
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Only Mr. Deepak Lachhmandas Chhugani can sign on behalf of
the company with seal affixed.
*Registrar*
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- MOORE STEPHENS ASSOCIATES LTD
*Corporate Secretary*
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FIRST ISLAND SECRETARIES LTD
CR no. : 49295
Address : 905 Silvercord Tower 2,
SC
is not known to host website of its own at present.
Email : jaykara@netvigator.com
For the past 13 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : 3,000,000
Shareholders' Name No. of Shares Amount of Shares (HKD) % of Shares
--------------------------- ------------------- --------------------------------- ----------------
Deepak Lachhmandas Chhugani 1,500,000 1,500,000.00 50.00
Sunil Lachhmandas Chhugani 1,500,000 1,500,000.00 50.00
*Directors' Details*
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(1)
Deepak Lachhmandas Chhugani
Founder :
Co-Founder
HKID no. :
P547874(3)
Address : Flat
J1, 24Fl Beverly Hill 6 Broadwood Hill, Happy Valley,
(2)
Sunil Lachhmandas Chhugani
Founder :
Co-Founder
Passport no. :
Z1521191
Address : Flat
2602, 26Fl Yanlord Riverside Garden Block 29 Lane 388 Furongjiang Rd, Shanghai,
200051, China
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of sundry, footwear and foot products.
2.
Products : Foot products
Footwear
Sundry
*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)
*Associations*
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Member of :
- The Indian Chamber of Commerce
*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 85100 |
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
Branch : 5Fl
Hong Kong & Shanghai Bank Bldg 673 Nathan Rd Mongkok,
Swift code : HSBCHKHH
SC is considered small-sized in its line with a development
history of 13 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3149 Footwear
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 6405 Footwear
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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 SCs 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%)