MIRA
INFORM REPORT
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Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
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Name : |
MAXWELL EXPORTS LTD |
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Registered Office : |
Unit 802, 8FL |
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Country : |
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Date of Incorporation : |
August 31, 2001 |
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Com. Reg. No.: |
0768452 |
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Legal Form : |
Private |
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Line of Business : |
Distribution of kitchen utensils and other related
products. |
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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Maximum Credit Limit : |
Up To USD10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
MAXWELL EXPORTS LTD
UNIT 802, 8FL FAR EAST CONSORTIUM BLDG 121 DES VOEUX RD CENTRAL,
TEL : [+852] 25811955
FAX : [+852] 25811650
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 31, 2001
REGISTRATION NO. :
0768452
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PHILIP UDHANI (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 127,877
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 :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79513 = USD1 AS OF
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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(1)
License number :
0768452
Date issued :
31 August, 2001
Issuing authority :
Companies Registry
Type of license :
Corporate
(2)
License number :
32048200-000
Date issued :
N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license
: Business
*Capital Details*
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Authorized capital : HKD 1,000,000.00 divided into 1,000,000
ordinary shares of HKD 1.00/-each, fully paid
*Office & Facilities*
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Type of building : Commercial building
Other fax no. :
25811651
*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.
*Corporate Secretary*
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BUTTAR HK LTD
C. R. number : 975326
Address : 1Fl
Mau Lam Commercial Bldg 16-18 Mau Lam St Jordan Kowloon
Website : www.maxwellexp.com SC’s website is unable to be landed at present
for the technical reason.
Email : maxwell@maxwellexp.com
For the past 6 years there is no
record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of ordinary shares : 1,000,000
Shareholders' Name
No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
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Dilipkumar Parumal Udhani 700,000 700,000.00 70.00
Mukesh Pitambarlal Budhani 300,000 300,000.00 30.00
*Directors' Details*
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(1)
Mukesh Pitambarlal Budhani
Passport number
: Z-1519583
Address
: ENC-73 Opposite C Block 3 & 4, Pune, Maharashtra, 411017
(2)
Dilipkumar Parumal Udhani
ID number
: P294034(9)
Address
: 17Fl Block 20, Flat B Chi Fu Fa Yuen Pok Fu Lam
(3)
Harsha Dilipkumar Udhani
ID number
: P488449(7)
Address
: 17Fl Block 20, Flat B Chi Fu Fa Yuen Pok Fu Lam
*Key Personnel*
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Philip Udhani
Responsibility : Handles the overall management of
the company.
*Main Products & Services*
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Specializes in the distribution of kitchen utensils and
other related products.
Products : Audio-visual equipment
Bread bins
Cookware
Cookware sets
Cutlery sets
*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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Local : Cash or
credit
*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.
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a factory in
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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.
As a private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financial.
SC is considered small-sized in its line with a development
history of 6 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3421 Cutlery
Trading 3469 Cooking and kitchenware of aluminum (except cast)
Trading 3635 Vacuum
cleaners, household type, electric, and parts
Trading 3639 Household appliances, and parts
Trading 3651 Radio & tv
receiving sets; phonographs; recorders; microphones; loudspeakers;
audio
amplifiers; & other audio equip
Trading 3699 Electrical equipment and supplies, and parts
Trading 3914 Silverware, plated ware, and stainless steel ware
Trading 5947 Gift, Novelty & Souvenir Shops
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 7323 Household articles & parts, iron & st; ir or
steel wool etc
Trading 7323930010 Stainless steel cooking and kitchenware
Trading 7323930030 Cooking ware of stainless steel, and parts thereof
Trading 7323999060 Table, kitchen or other household articles other than
cookingware, of iron
(noncast)
or steel (nt stnlss) nt enameled or pltd w prec mtl
Trading 7418 Household art & parts, copper, pot scourers etc,
copper
Trading 8214909000 Other artcls of cutlery incld parts
Trading 8500 Electrical machinery & equip. & parts;
telecommunications equip., sound
recorders,
television recorders
Trading 8518401000 Line telephony audio frequency amplifier repeaters
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Cookware
Trader Whistling
kettle
Trader Stock
pots
Trader Steamers
Trader Thermos
Trader Bread
bins
Trader Non-stick
pasta pot
Trader Stainless
steel stockpots
Trader Oval
roaster
Trader Cutlery
sets
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)