MIRA
INFORM REPORT
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Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAVA TRADING LTD |
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Registered Office : |
Flat A, 9FL Hanley House 68-80 Canton Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 24, 2004 |
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Com. Reg. No.: |
0891315 |
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Legal Form : |
Private |
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Line of Business : |
Imports and local purchase of jewelry and various diamonds. Sales and distribution of products to local market. |
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
JAVA TRADING LTD
FLAT A, 9FL HANLEY HOUSE 68-80 CANTON RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-23679893
FAX : 852-27705121
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 24, 2004
REGISTRATION NO. :
0891315
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 10,000
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 7.80240 = 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 : 0891315
Date issued : 24 March,
2004
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company
(2)
License number : 34407553-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
============
Authorized capital : USD 10,000.00 divided into 10,000 ordinary shares
at USD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signature*
================
Only Mr. Abhay Suresh Parikh can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: yetsar1990@yahoo.com.hk
For the past two years there is no record of litigation.
*Major Shareholder*
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Total number of shareholder
: 1
Total number of ordinary shares
: 10,000
Shareholder's Name No. of Ordinary Shares Amount of Shares (USD) % of Shares
------------------------ ------------------------------ -------------------------------- ----------------
PARAS DIAMONDS PVT LTD 10,000 10,000.00 100.00
*Directors' Details*
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(1)
Abhay Suresh Parikh
India passport no. : F1749030
Address : 19 Nagin
Mahal 82 Veer Nariman Rd Church Gate Mumbai (Bombay) Maharashtra 400020
India
(2)
Atul Kirtilal Parikh
India passport no. : E 5275988
Address : 19 Nagin
Mahal 82 Veer Nariman Rd Church Gate Mumbai (Bombay) Maharashtra 400020
India
*Company Secretary*
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STANDARD AUTHORISED ASSOCIATES
Address : Rm 2801-3, 28Fl
Shui On Centre 6-8 Harbour Rd Wanchai Hong Kong
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Imports and local purchase of jewelry and various diamonds.
2. Sales and distribution of products to local market.
Products: Diamonds
Jewelry
Loose diamonds
*Payment Terms*
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Sales
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Local : Cash or credit
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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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 : 4 OBTAINED SCORES :
48
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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 a short history. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3911 Jewelry,
of precious metal
Importing 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7114200060 Articles of base metal clad with precious metal
Importing 7116201000 Jewelry of precious or semiprecious stones
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7114200060 Articles
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Loose
diamonds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
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%)