MIRA
INFORM REPORT
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Report Date : |
25.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
AVS EXPORTS LTD |
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Registered Office : |
RM A 5FL Prat Commercial Bldg 17-19 Prat Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.06. 2000 |
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Com. Reg. No.: |
0719248 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Jewelry and Watches 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
AVS
EXPORTS LTD
RM A 5FL PRAT COMMERCIAL BLDG
17-19 PRAT AVE TSIMSHATSUI KOWLOON, HONG
KONG.
TEL: 852-23116779 FAX: 852-23127003
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 5, 2000
REGISTRATION NO. :
0719248
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SACHIN SHASHIKANT SHAH (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,285
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78930 = 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
*Company Registration*
==================
(1)
License number : 0719248
Date issued : 5 June, 2000
Issuing authority : Companies Registry
Legal form : Private Company
Type of license :
Corporate License
(2)
License number : 30983509-000
Issuing authority : Business Registration Office - Inland
Revenue Dept
Type of license : Business License
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*Office & Facilities*
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Other tel no : 23116697
*Corporate & Organization Structure*
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A family-owned and operated business.
*Approved Signatures*
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Only Mr. Sachin Shashikant Shah can sign on behalf of the company with
seal affixed.
*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: avsexpltd@netvigator.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : 10,000
Shareholders Country Number Amount (HKD) %
----------------- --------- ----------- -------------------- -------
Mr. Sachin Shashikant Shah India 5,000.00 5,000.00 50.00
Mr. Vrunali Sachin Shah India 5,000.00 5,000.00 50.00
*Corporate Secretary*
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EXCEL SECRETARIES LTD
C. R. no. : 541950
Address : Rm 1003, 10Fl Worlwide House 19 Des Voeux Rd
Central Hong Kong
Email address :
info@excelcorporate.com.hk
*COMPANY DIRECTORS*
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1
Name :
Mr. Sachin Shashikant Shah
Nationality :
India
ID/Passport No. :
P828873(2)
Registered Address : Flat B
3Fl, 83-85 Chatham Rd, Tsimshatsui South, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mr. Vrunali Sachin Shah
Nationality :
India
ID/Passport No. :
P828873(2)
Registered Address : Flat B
3Fl, 83-85 Chatham Rd, Tsimshatsui South, Kowloon
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading of jewelry & watches products.
Products: Jewelry
Watches
*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
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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 financials.
SC is considered small-sized in its line with an 8 years development history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles of
jewelry & parts, of precious metal or clad
Trading 7116 Articles of
natural or cut pearls, prec/semprc stones
Trading 9100 Clocks
& watches & parts thereof
Trading 9102 Watches,
wrist, pocket etc, case not prec nor clad
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Europe
Exporting to United Kingdom
Importing from Asia
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%)