MIRA
INFORM REPORT
|
Report Date : |
05.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SG TRADING CO. |
|
|
|
|
Registered Office : |
Flat D, 8/F., Windsor Mansion, 29-31 Chatham Road,
Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.03.2007 |
|
|
|
|
Com. Reg. No.: |
37682237-000-03 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All kinds of Diamonds
and Jewellery Products, Emerald, Precious Stones, etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
SG TRADING CO.
ADDRESS
Flat D, 8/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 9018 6070
FAX: 2375 3700
(Your enquiry given as: S G TRADING CO. of the same address.)
MANAGEMENT
Manager: Mr. Anil Kumar Sharma
SUMMARY
Establishment: 1st March, 2007.
Organization: Partnership.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Fair.
ADDRESS
Head Office:-
Flat D, 8/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
37682237-000-03
MANAGEMENT
Manager: Mr. Anil Kumar Sharma
PARTNERS
Name: Mr. Anil Kumar SHARMA
Residential Address: Flat D, 8/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
Name: Mr. Nilesh Manharlal CHAUHAN
Residential Address: Flat H, 13/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY:
The subject was established on 1st March, 2007 as a partnership concern jointly owned by Mr. Anil Kumar Sharma and Mr. Nilesh Manharlal Chauhan under the Hong Kong Business Registration Regulations.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.
Employees: Nil.
Commodities Imported: India, Belgium, other European countries, etc.
Markets: Japan, Southeast Asia, Europe, Middle East, Scandinavia, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Small.
GENERAL
SG Trading Co. is a partnership jointly owned by two Indian both of whom have been in Hong Kong for a very long time. They are Hong Kong ID Card holders and has got the right to reside in Hong Kong permanently.
The subject’s registered address is within a residential building where is the registered address of the partner Mr. Anil Kumar Sharma.
Business commenced in March 2007, the subject is a diamond importer, exporter and wholesaler.
Raw materials are chiefly imported from India, Thailand, Belgium, etc. Processed diamonds or jewellery products are marketed in Hong Kong and exported to the United States, Europe or the Middle East. Business is fairly active.
Business chiefly handled by the two partners, the subject does not have any other employees.
Being a small trading company, the subject has a history of less than two years in Hong Kong.
On the whole, consider it good for normal business engagements on L/C basis or other secured terms.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
|
UK Pound |
1 |
Rs.72.96 |
|
Euro |
1 |
Rs.63.46 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)