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MIRA
INFORM REPORT
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Report Date : |
04.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BHANSALI & CO (HK) LTD |
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Registered Office : |
Unit 1001 Trans Hong Kong Commercial Bldg 41-43 Carnation Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.02.2004 |
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Com. Reg. No.: |
883054 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of Jewelry. Sales and distribution of Purchased Products to Domestic And
International Markets. |
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
BHANSALI
& CO (HK) LTD
UNIT 1001 TRANS HONG KONG COMMERCIAL BLDG
41-43 CARNATION RD TSIMSHATSUI KOWLOON, HONG
KONG.
TEL: 852-61926424 FAX: 852-35202674
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 18, 2004
REGISTRATION NO. :
883054
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PRAKASH K. BHANSALI (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 1,280
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 7.79583 = 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
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*Company Registration*
==================
(1)
License number : 883054
Date issued : 18 February, 2004
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 34327442-000
Issuing authority : Inland Revenue Department
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid
*Approved Signatures*
=================
Only TAXBASE CONSULTANTS LTD can sign on behalf of the company with seal
affixed.
*Registrar*
=========
SIMON CHONG & CO
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www.bhansali.biz
The web belongs to BHANSALI & CO. The design is professional and the
content is well organized. At present it is in English version.
E-mail: hongkong@bhansali.biz
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For the past two years there is no record of litigation.
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*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
BHANSALI & CO India 9,900.00 9,900.00 99.00
Mr. Prakash K. Bhansali India 100.00 100.00 1.00
*Company Secretary*
================
TAXBASE CONSULTANTS LTD
License number : 411324
Address : Rm 615, 6Fl Hollywood Plaza 610 Nathan
Rd Kowloon Hong Kong
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*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Prakash K. Bhansali
Nationality :
India
ID/Passport No. :
Z1592834
Registered Address : 72
Kamal 69 Walkeshwar Rd, Mumbai (Bombay), Maharashtra, 400006
Country of Residence : India
2
Name :
Mr. Ritesh Nilesh Shah
Nationality :
India
ID/Passport No. :
R287471(6)
Registered Address : B-10/24
Khiranagar SV Rd, Santacruz West, Mumbai (Bombay), Maharashtra, 400054
Country of Residence : India
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*Main Products & Services*
======================
Specializes in the following areas of work:
1. Import and local purchase of a wide range of jewelry.
2. Sales and distribution of purchased products to domestic and
international markets.
Carries BEYOND brand.
Products: Cut diamonds
Diamond
jewelry
Diamond set
jewelry
Diamonds
Fine jewelry
*Payment Terms*
==============
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)
*Quality Certification*
=================
Type of certification : ISO 9001:2000
Issuing authority :
KPMG
*Local Distribution Network*
=======================
50% of the annual turnover is attributed to local sales.
*Export Markets*
==============
50% of the annual turnover is attributed to export.
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*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name :
PRISM DIAMONDS INC
Address :
580 Fifth Ave New York 19917 New York USA
Country :
USA
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Giftware & Jewellery
Company Name :
PRISM ENTERPRISES PVT LTD
Address : Shah &
Nahar Industrial Estate B309-311 (A-1) Mumbai (Bombay) 400013 Maharashtra India
Country :
India
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Giftware & Jewellery
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : PRISM DIAMOND INC
Country of Origin : USA
Agent : ETERNAL COLLECTIONS
Country of Origin : USA
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PAYMENT RATING : 3 OBTAINED SCORES :
53
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a short history.
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 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Cut
diamonds
Trader Fine
jewelry
Trader Diamond set
jewelry
Trader Pearl
jewelry
Trader Jewelry
Trader Diamonds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Importing from Asia
Importing from India
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.40 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.66.02 |
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%)