MIRA
INFORM REPORT
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Report Date : |
17.10.2007 |
IDENTIFICATION DETAILS
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Name : |
SCHACHTER & NAMDAR ASIA LTD |
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Registered Office : |
Rm 5613, 56FL The Center 99 Queen's Rd Central |
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Country : |
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Date of Incorporation : |
July 3, 1998 |
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Com. Reg. No.: |
0648836 |
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Legal Form : |
Private |
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Line of Business : |
Trading diamond and diamond 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SCHACHTER & NAMDAR ASIA LTD
RM 5613, 56FL THE CENTER 99 QUEEN'S RD CENTRAL,
TEL : [+852] 21553666
FAX : [+852] 21693111
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 3, 1998
REGISTRATION NO. :
0648836
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. EITAN IZCHAK NAMDAR (GENERAL MANAGER)
STAFF STRENGTH :
5
CAPITAL :
US$ 50,077
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 7.75400 = USD1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD
*Company Name*
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Incorporated as :
RUBY BRIGHT (HK) LTD
Date incorporated : 3
July, 1998
Changed name to :
SCHACHTER & NAMDAR ASIA LTD
Date of change :
22 October, 2003
*Capital Details*
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Share value
: HKD 1.00/-each
Authorized capital :
HKD 390,100.00
Paid-up capital
: HKD 390,003.00
*Company Registration*
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(1)
License number :
0648836
Date issued :
3 July, 1998
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
21824396-000
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
=========
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. Eitan Izchak Namdar can sign on behalf of the
company with seal affixed.
*Corporate Secretary*
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EQ SECRETARIES LTD
CR no. : 99444
Address : 31Fl The Center 99 Queen's Rd, Central,
SC
is not known to host website of its own at present.
Email : info@sn-asiadiamonds.com
For the past 9 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 390,003
Shareholders' Name
No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
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NARZ TRUST CO LTD 390,002 390,002.00 100.00
SCHACHTER & NAMDAR (PTY) LTD 1 1.00 -
*Directors' Details*
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(1)
Menashe Yitzchok Friedman
Address
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Date appointed : 10
September, 2007
(2)
Avraham Namdar
Address
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Management : Mr. Eitan Izchak Namdar, General Manager
Name Nationality Job Description
Mr. Eitan Izchak Namdar
*Key Personnel*
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Eitan Izchak Namdar
National ID no. :
R309541(9)
Address :
Unit 4, 3Fl Queen's Garden - Tower B
E-mail address :
eitan@sn-asiadiamonds.com
Responsibilities : Handles the overall management of the
company.
*Main Products & Services*
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Specializes in trading diamond and diamond products.
Products : Diamond
Diamond products
*Payment Terms*
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Sales
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Local : Cash or
Credit
Purchases
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Local : Cash or
Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 privately owned 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 development
history of 9 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3961 Jewelry of materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds, unsorted
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%)