MIRA
INFORM REPORT
|
Report Date : |
27.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
MVN INTERNATIONAL |
|
|
|
|
Registered Office : |
Flat 10A, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
29.05.2007 |
|
|
|
|
Com. Reg. No.: |
37988271-000-05 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Re-exporter and Wholesaler of All kinds of
Diamonds and Jewellery. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
MVN INTERNATIONAL
ADDRESS
Flat 10A,
PHONE: 2890 7575
FAX: 2577 7153
E-MAIL: ult@speednet.net
MANAGEMENT
Manager: Mr. Shen Peng
SUMMARY
Establishment: 29th May, 2007.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employee: 1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Fair.
ADDRESS
Head Office:-
Flat 10A,
Associated Company:-
Dilash & Company,
BUSINESS REGISTRATION NUMBER
37988271-000-05
MANAGEMENT
Manager: Mr. Shen Peng
Contact Person: Mr. Guo Dali
SOLE PROPRIETOR
Name: Mr. Shen Peng
Residential Address:
HISTORY:
The subject was established on 29th May, 2007 as a sole proprietorship concern owned by Mr. Shen Peng under the Hong Kong Business Registration Regulations.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Re-exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery.
Employee: 1.
Commodities Imported:
Markets:
Annual Turnover: Too early to obtain figure.
Terms/Sales: As per contracted.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Too early to offer an opinion.
Condition: Business is still under development.
Facilities: Trying to make use of general banking facilities.
Payment: Met as required.
Commercial Morality: Fairly satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
MVN International is a sole proprietorship concern set up by
Mr. Shen Peng who is a
Business commenced in May 2007, the subject is a diamond and
jewellery trader. Diamonds are chiefly
imported from
The subject is handling the following diamonds bearing the following specifications:-
Clarity: 1F, WS1, WS2, VS1, VS2, Sl2, Sl1, etc.
Colour: D, E, F, G, H, I, J, K
Size: 2 ct to 0.5 ct
Shape: Cut Oval, Marquise, Baguettes, Carre, Emerald, Heart, Pear, Princess, Taper, Triangle
Diamonds are imported from
The subject has had an associated company Dilash & Company [Dilash] located at its operating office. The subject and Dilash are engaged in the same lines of business.
Most of the time, Shen Peng is in
Since the history of the subject is just over one year and six months, on the whole, consider it good for normal business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.89 |
|
|
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.67.37 |
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%)