MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
STAR ART CO LTD |
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Registered Office : |
RM 905 Silvercord Tower 2, 30 Canton Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.02.2006 |
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Com. Reg. No.: |
1023301 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a wide range of Diamonds.
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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
STAR
ART CO LTD
RM 905 SILVERCORD TOWER 2, 30 CANTON RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27226333 FAX: 852- 27226360
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 7, 2006
REGISTRATION NO. :
1023301
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JATIN PRAVINCHANDRA SHAH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,280
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 7.80060 = 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 : 1023301
Date issued : 7 February, 2006
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 36448464-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
(3)
License number : 36448464-001
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 4.00 divided into 4 ordinary
shares
*Approved Signatures*
===================
FIRST ISLAND SECRETARIES LTD can sign on behalf of the company with seal
affixed.
*Registrar*
=========
MOORE STEPHENS ASSOCIATES LTD
www.asianstarco.com The web
belongs to Asian Star Company Limited. The design is professional and the
content is well organized. At present it is in English version.
E-mail: sales@jemasiahk.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 1
Total number of shares : 4
Shareholder's Name No. of Shares Amount of Shares (HKD)
% of Shares
-------------------------- ------------------ --------------------------------- ----------------
STAR ASIA (MFG) CO LTD
4
4.00
100.00
Share transfers:
Date
No of Ordinary Share Trasferror(s) Transferre(s)
------- ---------------------------- ---------------- -----------------
18 January, 2008 1 Jatin Pravinchandra Shah STAR ASIA (MFG) CO LTD
18 January, 2008 1 Kamlesh Vinaykant Shah STAR ASIA (MFG) CO LTD
18 January, 2008 1 Kartik Nayanbhai Shah STAR ASIA (MFG) CO LTD
18 January, 2008 1 Manisha Kamlesh Shah STAR ASIA (MFG) CO LTD
*Company Secretary*
=================
FIRST ISLAND SECRETARIES LTD
Address : Rm 905 Silvercord
Tower 2, 30 Canton Rd Tsimshatsui Kowloon
C. R number : 49295
*COMPANY DIRECTORS *
======================
1
Name : Mr. Jatin Pravinchandra Shah
Nationality : India
ID/Passport No. : P806797(3)
Registered Address : Flat B 6Fl Carson mansion 61-63 Kimberly Rd,
Tsimshatsui, Kowloon
Country of Residence : Hong Kong
2
Name : Mr. Kartik Nayanbhai Shah
Nationality : India
ID/Passport No. : Z1321166
Registered Address : Golden Legend (The Palm) Project, 11/13 Kalaprapruek
Rd, Bang Khun Thien, Jomthong, Bangkok, 10150
Country of Residence : Thailand
3
Name : Mr. Manisha Kamlesh Shah
Nationality : India
ID/Passport No. : P861055(3)
Registered Address : Flat B2 19Fl Greenfield Terrase 26 Homantin Hill Rd
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading a wide range of diamonds.
Products: Diamond
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*LOCAL BRANCHES & MANAGEMENT *
==================================
Branch : STAR ART CO LTD - KOWLOON
Branch Address : Unit 1103, 11Fl Guard Force Centre 3 Hok Yuen St East
Hunghom, Kowloon,
PAYMENT RATING : 4 OBTAINED SCORES :
46
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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.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry of materials
other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds, worked or not, not mounted
or set
Trading 7102100000 Diamonds,
unsorted
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.34 |
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UK Pound |
1 |
Rs.86.53 |
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Euro |
1 |
Rs.68.54 |
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%)