MIRA
INFORM REPORT
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Report Date : |
21.09.2007 |
IDENTIFICATION DETAILS
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Name : |
RAM F & T LTD |
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Registered Office : |
C-5, 5FL |
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Country : |
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Date of Incorporation : |
July 31, 2006 |
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Com. Reg. No.: |
1063437 |
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Legal Form : |
Private |
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Line of Business : |
Trading of mobile phones.
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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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Maximum Credit Limit : |
Up To USD 3,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
RAM F & T LTD
C-5, 5FL
TEL: [+852] 23665557
FAX: [+852] 23685242
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 31, 2006
REGISTRATION NO. :
1063437
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GHALE CHANDRA PRASAD (COMPANY DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 12,788
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 7.78808 = 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
*Capital Details*
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Authorized capital: HKD 100,000.00 divided into 100,000
shares at HKD 1.00/-each, fully paid
*Company Registration*
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(1)
License number :
1063437
Date issued
: 31 July, 2006
Issuing authority :
Companies Registry
Type of license :
Corporate
Legal form
: Private Limited Company
(2)
License number :
37020780-000
Date issued
: N/A
Issuing authority :
Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Reputation*
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Unable to locate any points of reference within the industry
due to the relatively small nature of the company
*Registrar*
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REGENT SECRETARIAL & TAX CONSULTANTS LTD
*Approved Signatures*
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Ghale Chandra Prasad 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 1 year there is no
record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of shares : 100,000
Shareholder's Name
No. of Shares Amount of
Shares (HKD) % of Shares
--------------------------- ----------------- ------------------------------ ----------------
Ghale Chandra Prasad
100,000
100,000.00
100.00
*Directors' Details*
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(1)
Pawan Kumar Agarwal
Address
:
Date of appointment : 18 November, 2006
(2)
Ghale Chandra Prasad
Address
: Flat C5, 5Fl
Kong
Occupation
: Businessman
*Main Products & Services*
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Specializes in trading of mobile phones.
Products: Mobile phones
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local
sales.
*Export Markets*
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There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 50
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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 private limited company there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
Additionally as the company was only established one (1)
year ago no financials have been lodged.
*Bank Details*
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Bank name : BANK OF
Account no. :
012-394-9-2021590
Swift code :
BKCHHKHH
SC was established recently in 2006, and its credit has not been
established yet. Credit dealings with SC are recommended under secured terms at
present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3661 Telephone and telegraph apparatus, and parts
Trading 4813 Phone Communications
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 8517 Elec apparatus for line telephony, telephone sets,
parts
Trading 8517100000 Telephone sets
Trading 8517110000 Line telephone sets with cordless handsets
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%)