MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
A K EXPORT |
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Registered Office : |
6FL Tung Fai Bldg 27A |
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Country : |
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Date of Incorporation : |
March 28, 1990 |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
Import of loose diamonds and jewelry products. Distribution of the 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/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
A K EXPORT
6FL TUNG FAI BLDG 27A
TEL : [+852] 23673060
FAX : [+852] 23671162
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH.28, 1990
CHIEF EXECUTIVE :
MR. ATUL KANAIYALAL SHAH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82873 = USD1 AS OF 2007-8-6
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 :
13472620
Date issued :
28 March, 1990
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Previous address : 8Fl Kun Lock Bldg 178 Nathan Rd
Kowloon
*Corporate & Organization Structure*
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A family owned and managed business.
*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.
SC
is not known to host website of its own at present
E-mail : akexport@netvigator.com
For the past 17 years there is no record of litigation.
*Major Shareholders*
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Total number of partners: 2
Partners' Name % of Shares
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Mr. Atul Kanaiyalal Shah 50.00
Mr. Mala Atul Shah 50.00
Management : Mr. Atul Kanaiyalal Shah, Partner
Mr. Mala Atul Shah, Partner
Name Nationality Job Description
Mr. Atul Kanaiyalal Shah Indian Partner
Mr. Mala Atul Shah Indian Partner
*Key Personnel*
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(1)
Mr. Atul Kanaiyalal Shah
Founder
: Co-founder
HKID no
: P0886789
Address
: Flat 4/C Pine Tree Bldg
Responsibilities
: Handles the daily operation of the firm including all financials and
legal matters.
Date of appointment :
28 March, 1990
(2)
Mr. Mala Atul Shah
HKID no
: P1752336
Address
: Flat B 9Fl Kun Lock Bldg Rear Portion
Date of appointment :
1 April, 2007
*Main Products & Services*
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Specializes in the following areas of work:
1. Import of loose diamonds and jewelry products.
2. Distribution of the products to local and international
market.
Products : Diamonds
Jewelry
Loose
diamonds
*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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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Exhibition Participation*
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Exhibition fair :
Hong Kong Int'l Jewelry Manufacturers Exhibition
Dates attended : 6 March - 9 March, 2006
Location :
*Local Distribution Network*
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50% of the annual turnover is attributed to local
sales.
*Export Markets*
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50% of the annual turnover is attributed to export
worldwide.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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 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 : HONG KONG & SHANGHAI BANKING CORP LTD, THE
Branch : Central,
Branch Address : Basement Level HSBC Main Bldg 1 Queen's Rd
SWIFT Code : HSBCHKHH
SC is considered small-sized in its line with an acceptable base.
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
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 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 7116201000 Jewelry of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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/normal. |
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%)