MIRA
INFORM REPORT
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Report Date : |
04.09.2007 |
IDENTIFICATION
DETAILS
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Name : |
ST MARY'S TRADING CO |
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Registered Office : |
Flat J 8FL |
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Country : |
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Date of Incorporation : |
June 28, 2004 |
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Com. Reg. No.: |
34682991 |
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Legal Form : |
Partnership |
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Line of Business : |
Believed to be engaged in trading of diamonds and color stones. |
RATING & COMMENTS
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MIRAs Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
ST MARY'S TRADING CO
FLAT J 8FL
TSIMSHATSUI
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 28, 2004
REGISTRATION NO. :
34682991
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. MADEHUSUSAN PARBHU B. PATEL (CHAIRMAN)
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,289
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION : N/A
EXCHANGE RATE :
HKD 7.79818 = 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*
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License number : 34682991
Date issued : 28 June,
2004
Issuing authority : Inland
Revenue Department
Legal form :
Partnership
Type of license :
Business
*Reputation*
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Due to the lack of any third party references, we were unable to
establish the level of the firm's reputation within the respective industry.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Madehusudan Parbhu B. Patel
K. Madhusudan Patel
*Director's Details*
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Peter D'Souza
National ID no. :
P1130408
Address :
Flat C 11Fl
Management: Mr. K. Madhusudan
Patel, Partner
Mr. Madehusudan Parbhu B. Patel, Partner
Name Nationality
Job Description
Mr. K. Madhusudan Patel Indian
Partner
Mr. Madehusudan Parbhu B. Patel Indian
Partner
*Key Personnel*
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(1)
Madehusudan Parbhu B. Patel
HKID no. :
P0498487
Address :
Flat I 8Fl
Responsibilities :
Registered as the key owner and operator of the business.
(2)
K. Madhusudan Patel
National ID no. :
P4897688
Address :
Flat I 8Fl
*Main Products & Services*
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Believed to be engaged in trading of diamonds and color stones.
Products: Color stones
Diamonds
*Operations Status*
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Extensive investigation has been conducted to identify the commercial
operation status of the company.
Investigations have included:
1. Site visit
2. Contact and searches with the main local Telecom supplier for
telephone and/or fax lines.
3. Checks with the local trade and business associations.
4. Correlation with addresses held by the official the Hong Kong Inland
Revenue Dept
5. Check of held with Hong Kong Inland Revenue Dept. but investigators
were unable to identify current contact details for the company.
Although the corporate license is still valid, investigators were unable
to identify any functioning office of the company.
*LOCAL BRANCHES & MANAGEMENT*
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Branch: ST MARY'S TRADING CO -
Branch Address: Shop A& B Milton Mansion 96 Nathan Rd Tsimshatsui,
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
As a partnership firm there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : BANK OF EAST ASIA LTD
Global Identifier : 30400271
Branch : Central,
Branch Address : Ground Fl Bank Of East Asia Bldg
SWIFT Code : BEASHKHH
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut stone and
stone products
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 7102 Diamonds, worked or not, not mounted
or set
Trading 7102100000 Diamonds,
unsorted
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116205000 Articles
of precious or semiprecious or synthetic stones
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%)