MIRA
INFORM REPORT
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Report Date : |
18.10.2007 |
IDENTIFICATION DETAILS
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Name : |
APEX TRADING |
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Registered Office : |
Flat C 5fl |
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Country : |
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Date of Incorporation : |
03.05.2005 |
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Com. Reg. No.: |
35589104-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of diamonds and diamond with gold. Sales and distribution of products to local and international market. |
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 & ADDRES
APEX TRADING
FLAT C 5FL
TSIMSHATSUI
TEL: 852 27231243
FAX: 852 27226214
EXECUTIVE SUMMARY
INCORPORATION
DATE : MAY 3, 2005
REGISTRATION
NO. : 35589104-000
CHIEF
EXECUTIVE : MR. NIKHIL
JAYANTILAL TILALA (CHAIRMAN)
STAFF
STRENGTH : 5
CAPITAL : N/A
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
EXCHNAGE
RATE : HKD 7.75223 =
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
*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 Signature*
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Only Mr. Nikhil Jayantilal Tilala can sign on behalf of the company with seal affixed.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Shareholders*
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Based on corporate filing regulations for this type of entity
in
*Key Personnel*
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Nikhil Jayantilal Tilala
Founder : Sole Founder
Indian ID no. : ZZ4728903
Responsibility : Handles the overall management of the company.
Address : 1Fl Rockview Apartment Govalia
Tank Mumbai (
Date of appointment : 3 May, 2005
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading of diamonds and diamond with gold.
2. Sales and distribution of products to local and international market.
Products: Diamond with gold
Diamonds
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
*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 :4 OBTAINED SCORES : 47
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Rating Key |
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 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 6804210000 Othr millstones, grindstones, grinding wheels and the like of agglomerated
synthetic or natural diamond
Trading 7113 Articles of jewelry & parts, of precious metal or clad
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%)