MIRA
INFORM REPORT
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Report Date : |
12.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SPS (HK) LTD |
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Registered Office : |
1212a Kiu Fung Mansion 14-18 Austin Ave, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 24, 1999 |
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Com. Reg. No.: |
0699026 |
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Legal Form : |
Private |
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Line of Business : |
Importing and domestic sales of diamond 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
SPS (HK) LTD
1212A KIU FUNG MANSION 14-18 AUSTIN AVE
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27350150
FAX : 852-27364473
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 24, 1999
REGISTRATION NO. :
0699026
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. EBA PUI-SHAN FONG (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 1,284
BUSINESS LINE :
IMPORTER
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75406 = 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 : 0699026
Date issued : 24 December,
1999
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 30638231-000
Issuing authority : Business
Registration Office
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
*Corporate & Organization Structure*
============================
A small company operated and managed by an experienced team of
professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Ms. Eba Pui-shan Fong can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: binaraju@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 ordinary shares
: 10,000
Shareholders' Name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
--------------------------- -------------------------------- --------------------------------- ----------------
Ms. Eba Pui-shan Fong 9,999 9,999.00 99.99
Mr. Hoi-wan Cheung 1
1.00
0.01
*Directors' Details*
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(1)
Mr. Hoi-wan Cheung
HKID no. : E817970(A)
Address : Flat B 29Fl Ravana
Garden - Block 1, 1-3 On King St, Shatin, New Territories, Hong Kong
(2)
Rajiv Suryakant Shah
HKID no. : P464005(9)
Address : Flat D 11Fl Kimberley
Mansion 15 Austin Ave, Tsimshatsui, Kowloon, Hong Kong
*Company Secretary*
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Y'S CONSULTING LTD
CR. number : 228745
Address : 24Fl Golden Centre
188 Des Voeux Rd, Central, Hong Kong
Management: Ms. Eba Pui-shan Fong, General Manager
Name Nationality
Job Description
Ms. Eba Pui-shan Fong Hong Kong General Manager
*Key Personnel*
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Ms. Eba Pui-shan Fong
Founder : Co-Founder
HKID no. : G502223(0)
Address : Flat A,
23Fl, 93 Ting Fu St, Ngau Tau Kok, Kowloon, Hong Kong
Responsibilities : Handles the
daily operation of the firm including all financials and legal matters.
Work experience : More than 5 years
*Main Products & Services*
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Specializes in importing and domestic sales of diamond products.
Products: Diamond products
Diamonds
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Purchases
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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 development history of 8
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3961 Jewelry
of materials other than solid gold, platinum & silver
Importing 5094 Jewelry/Watches/Precious
Mtl
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
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7102100000 Diamonds, unsorted
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds, unsorted
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%)