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MIRA
INFORM REPORT
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Report Date : |
26.10.2007 |
IDENTIFICATION DETAILS
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Name : |
C MAHENDA EXPORTS (HK) LTD |
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Registered Office : |
Rm 808, 8fl Guard Force Centre |
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Country : |
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Date of Incorporation : |
21.04.2004 |
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Com. Reg. No.: |
0896722 |
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Legal Form : |
Private Limited |
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Line of Business : |
Exporting Jewelry and Diamonds |
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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
C MAHENDRA EXPORTS (HK) LTD
RM 808, 8FL GUARD FORCE CENTRE
TEL: 852-23112011
FAX: 852-27210173
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 21, 2004
REGISTRATION NO. :
0896722
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. RAJU J. SONI (MANAGER)
STAFF STRENGTH :
15
CAPITAL :
US$ 99,487
BUSINESS LINE :
EXPORTER
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 7.75029 = 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
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*Company Registration*
===================
License number : 0896722
Date issued : 21 April, 2004
Issuing authority : Companies Registry
Type of license : Corporate
License number : 34487840-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital : HKD
775,000.00 divided into 775,000 ordinary shares of HKD 1.00/-each, fully paid
*Office & Facilities*
===============
Other e-mail :
cj@cmahendra.com.hk
Previous Contact Details
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Address : Rm 108, 1Fl Wing On Plaza 62
Mody Rd Tsimshatsui East
*Corporate & Organization Structure*
=============================
Maintains executive team having vast experience in procuring, producing,
assorting and exporting diamonds.
*Registrar*
========
- SIMON CHONG & CO
*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. Prakash Kirtilal Mehta can sign on behalf of the company with
seal affixed.
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www.cmahendra.com The website
belongs to “C. Mahenra Exports Group”. The design is professional and the
content is well organized. At present it is in English version.
E-mail: hk@cmahendra.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholder : 1
Total number of ordinary shares :
775,000
Shareholder's Name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
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-------------------------------
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C MAHENDRA INT'L LTD 775,000
775,000.00
100.00
*Director's Details*
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Prakash Kirtilal Mehta
Passport no : Z1689012
Address : Unit 7-8, 8Fl Guardforce Centre 3 Hok Yuen
St East Hunghom Kowloon,
E-mail : prakash@cmahendra.com
Responsibility : Handles the overall management of the
company.
*Company Secretary*
=================
TAXBASE CONSULTANTS LTD
CR no : 411324
Address : Rm
615, 6Fl
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Management: Mr. Raju J. Soni,
Manager
Ms. Joan Ngai, Manager
Name Nationality
Job Description
Mr. Raju J. Soni Indian
Manager
Ms. Joan Ngai
*Key Personnel*
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Raju J. Soni
Email : rajusoni@hotmail.com
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*Main Products & Services*
====================
Specializes in exporting jewelry and diamonds.
Products: Diamond gems
Diamond-studded gold
jewelry
Jewelry
Jewelry,
diamond
Polished
diamonds
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export.
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*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : C MAHENDRA DIAMOND MFG PVT LTD
Address : Plot
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS
Address : Rm 1204, 12Fl Opera House Panchratana Dr MP Marg Mumbai (
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Exporter
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS (
Address : Rm 919/370
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA EXPORTS LLC
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA INFO JEWELS
Address : Sta Cruz Electronics Export Processing Zone(SEEPZ) - Block
16-17-28-29 Andheri East Mumbai (
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : C MAHENDRA JEWELS PVT LTD
Address : Rm G-33, 3Fl G & J Complex III - SEEPZ Andheri East Mumbai
(
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CM EXPORT SDN BHD
Address : Rm
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CM GEMS BVBA
Address : Box 26 B-2018, 6Fl 15 Schupstraat Antwerpen
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : CMJ LLC
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : COMBINE JEWELLERY LLC
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
=========================
Group name : CM Group
Members : C MAHENDRA DIAMOND
MFG PVT LTD
C
MAHENDRA EXPORTS
C
MAHENDRA EXPORTS (
C
MAHENDRA EXPORTS LLC
C
MAHENDRA INFO JEWELS
C MAHENDRA
JEWELS PVT LTD
CM EXPORT
SDN BHD
CM GEMS
BVBA
CMJ LLC
COMBINE
JEWELLERY LLC
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PAYMENT RATING : 3 OBTAINED SCORES : 57
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Rating Key |
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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a short history.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3961
Jewelry of materials other
than solid gold, platinum & silver
Exporting 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7116
Articles of natural or cut
pearls, prec/semprc stones
Exporting 7116201000
Jewelry of precious or semiprecious
stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporter Diamond-studded gold jewelry
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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%)