MIRA
INFORM REPORT
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Report Date : |
10.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
KOWLOON TRADING CO |
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Registered Office : |
Rm F 14fl Far East Mansion 5-6 Middle Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
May 30, 1995 |
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Com. Reg. No.: |
516452 |
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Legal Form : |
Partnership |
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Line of Business : |
Importing of precious and semi-precious jewelry and gemstones. Sales and distribution to local and international market. Provides gemstone cutting, faceting and polishing. |
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
KOWLOON TRADING CO
RM F 14FL FAR EAST MANSION 5-6 MIDDLE RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27225540
FAX : 852-23114456
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
30, 1995
REGISTRATION NO. :
516452
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. ANIL AGRAWAL (PARTNER)
STAFF STRENGTH :
10
CAPITAL :
N/A
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.76538 = 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 History*
===============
1 May, 1987 -
Commenced business operations.
*Company Registration*
===================
(1)
License number : 516452
Date issued : 30 May,
1995
Issuing authority : Companies
Registry
Legal form :
Partnership
Type of license : Corporate
license
(2)
License number : 10973982-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
license
*Company Name*
==============
Incorporated as : EXON
ENTERPRISES LTD
Date of incorporation : 1 May,
1987
Changed name to : KOWLOON
TRADING CO
Date of change : 5
October, 2001
*Office & Facilities*
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Other tel no : 7217443
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
Based on corporate filing regulations for this type of entity in Hong Kong,
there is either, no requirement for Shareholders or no requirement for public
disclosure of Shareholders.
*Major Shareholders*
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Partners' Name
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Anil Agrawal
Ritu Agrawal
Kumar Gupta Ashok
Management: Mr. Anil Agrawal,
Partner
Mr. Kumar Gupta Ashok, Partner
Mrs. Ritu Agrawal, Partner
Name Nationality
Job Description
Mr. Anil Agrawal Indian
Partner
Mr. Kumar Gupta Ashok Indian
Partner
Mrs. Ritu Agrawal Hong
Kong Partner
*Key Personnel*
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(1)
Anil Agrawal
Founder :
Co-Founder
HKID number :
P1596148
Address : Rm
C-3 10Fl Hankow Center 1-C Middle Rd Tsimshatsui Kowloon, Hong Kong
(2)
Kumar Gupta Ashok
Founder :
Co-Founder
HKID number :
ZZ5091496
Address :
31/3 Soi 13 Silom Rd Bangkok, Thailand
(3)
Ritu Agrawal
Relationship : Wife of Anil Agrawal
Tel no. : 61002624
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of precious and semi-precious jewelry and gemstones.
2. Sales and distribution to local and international market.
3. Provides gemstone cutting, faceting and polishing.
Products: Gems, cutting
Gemstones
Jewelry,
semi-precious
Polishing ivory
& gems
Precious
jewelry
*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
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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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.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : KOWLOON TRADING CO - KOWLOON
Branch Address : FIat-D 16Fl Far East Mansion 5-6 Middle Rd Tsimshatsui,
Kowloon,
*Strategic Partners & Alliances*
=========================
Group name : NK Group
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 partnership firm 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
12 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
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
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 7116205000 Articles
of precious or semiprecious or synthetic stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to India
Exporting to North America
Exporting to Thailand
Exporting to USA
Importing from Asia
Importing from India
Importing from North America
Importing from Thailand
Importing from USA
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.16 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.95 |
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%)