MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
CJM INT'L LTD |
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Registered Office : |
RM 707 Kowloon Centre 33 Ashley Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.08.2007 |
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Com. Reg. No.: |
1154976 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of Electronic Products and Sundry Goods |
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 : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address of the company
CJM
INT'L LTD
RM 707 KOWLOON CENTRE 33 ASHLEY RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-62554275 FAX: 852-31717322
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 1, 2007
REGISTRATION NO. :
1154976
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DAVE PARK (MANAGER)
STAFF STRENGTH :
5
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : COD TO
SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80283 = 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 : 1154976
Date issued : 1
August, 2007
Issuing authority : Companies
Registry
Legal form : Private
Limited Company
Type of license : Corporate
(2)
License number : 38318570-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Authorized capital : HKD 100,000.00 divided into 100,000 shares at HKD
1.00/-each, fully paid
*Office & Facilities*
===============
Comment : Premises is shared with HONG KONG STONE
CO.
*Reputation*
==========
Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of reputation
within the respective industry was possible.
*Approved Signatures*
=================
Mr. Kamal Ratilal Bhansali can sign on behalf of the company with seal
affixed :
SC is not known to host website of its own at present.
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 shares
: 100,000
Shareholder's Name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- -----------------
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CORE JEWELLERY PVT LTD 100,000 100,000.00 100.00
*Directors' Details*
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(1)
Kamal Ratilal Bhansali
Indian passport number : G1730567
Address
: Unit GJ-4, SDF-VII Seepz Andheri East Mumbai (Bombay) Maharashtra
400096 India
Date of appointment : 2
August, 2007
(2)
Patrick Fat-kwong Chung
National ID number :
E423500(6)
Address
: Unit G, 28Fl Tower 1 Island Resort 28 Siu Sai Rd Hong Kong
Date of appointment : 2
August, 2007
(3)
Vivek Jain Prakashchand
Indian passport number :
E3006198
Address
: 45 Govindappa Naicken Snowcarpet Chennai Tamil Nadu 600079 India
Date of appointment : 2
August, 2007
(4)
Himanshu Vinodchandra Bhansali
Indian passport number :
Z1010361
Address
: 576-B Mahesh Bldg Jame Jameshed Rd, Matunga, Mumbai (Bombay)
Maharashtra
400019 India
Date of appointment : 2 August, 2007
*Company Secretary*
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TECHEARN NOMINEES LTD
CR number :
348994
Date of appointment : 1
August, 2007
Management: Mr. Dave Park, Manager
Name Nationality
Job Description
Mr. Dave Park American Manager
*Key Personnel*
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Dave Park
Responsibilities : Handles the
daily operations of the firm.
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading of electronic products and sundry goods.
2. Sales and distribution of products to local and international
market.
*Payment Terms*
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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
Products: Electronic products
Sundry goods
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
35
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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.
Since the company was only established five (5) months ago, no
financials have been lodge.
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3679 Electronic
components,
Exporting 5065 Electronic
Parts/Equip, NEC
Trading 3679 Electronic
components,
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8542 Electronic
integrated circuits & microassembl, parts
Trading 8542 Electronic
integrated circuits & microassembl, parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
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%)