MIRA
INFORM REPORT
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Report Date : |
11.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
HONG KONG STONE CO |
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Registered Office : |
RM 14, 5fl Fu Hang Industrial Bldg 1 Hok Yuen St East Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.05.2003 |
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Com. Reg. No.: |
33594765-000 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Local purchase a wide range of stone and other related products. Sales and Distribution of products to local and International
Markets. |
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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Maximum Credit Limit : |
USD 3,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & ADDRESS
HONG KONG STONE CO
RM 14, 5FL FU HANG INDUSTRIAL BLDG 1 HOK YUEN ST
EAST HUNGHOM, KOWLOON, HONG KONG
TEL: 852 27367744 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
2, 2003
REGISTRATION NO. :
33594765-000
CHIEF EXECUTIVE :
MR. SHRENIKKUMAR RATILAL SHAH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 3,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.80201 = 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*
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License Number : 33594765-000
Date of Registration : May 2, 2003
Issuing Authority : Business Registration Office - Inland Revenue Dept
(BRO)
Legal Form : Sole-proprietorship
Employees : 5
*Office & Facilities*
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Previous address : Rm 707, 7Fl Kowloon Centre 33 Ashley Rd Tsimshatsui
Kowloon
SC is not known to host website of its own at present.
E-mail: hkstone@biznetvigator.com
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.
Chairman : Mr. Shrenikkumar Ratilal Shah
Nationality : Indian
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Local purchase a wide range of stone and other related products.
2. Sales and distribution of products to local and international
markets.
Products: Gemstones
Limestone
Semi-precious
Stone
*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
*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 worldwide.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
47
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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 sole proprietorship 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. A credit
line at the above amount appears to be beyond SC’s capacities, while a credit
line up to USD 3,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 1422 Crushed,
broken limestone
Exporting 1442 Construction
sand & gravel
Exporting 3200 Stone,
Clay, & Glass Products
Exporting 5039 Construction
Materials, NEC
Trading 1422 Crushed,
broken limestone
Trading 1442 Construction
sand & gravel
Trading 3200 Stone,
Clay, & Glass Products
Trading 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2517100010 Limestone, crushed or broken
Exporting 2521 Limestone
flux; lmstn & oth cal sto usd mfr lime, cement
Exporting 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Exporting 6810 Articles
of cement, concrete or artificial stone
Exporting 6810990050 Articles of cement, of concrete or of artificial stone, whether
or not reinforced
Exporting 6815 Articles
of stone or other mineral substance
Trading 2517100010 Limestone,
crushed or broken
Trading 2521 Limestone
flux; lmstn & oth cal sto usd mfr lime, cement
Trading 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Trading 6810 Articles
of cement, concrete or artificial stone
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Limestone
Trader Gemstones
Trader Semi-precious
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting
Europe Exporting
North America Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.72 |
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UK Pound |
1 |
Rs.84.42 |
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Euro |
1 |
Rs.67.38 |
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%)