MIRA
INFORM REPORT
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Report Date : |
24.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
HD IMPEX |
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Registered Office : |
RM 11, 18FL Rise Commercial Centre 5-11 Granville Circuit Granville Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.05.2005 |
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Com. Reg. No.: |
35595080-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Importing and Local Purchasing of Diamond Jewelry. Sales and Distribution of purchased 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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
HD
IMPEX
RM 11, 18FL RISE COMMERCIAL CENTRE
5-11 GRANVILLE CIRCUIT GRANVILLE RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-62702365 FAX:N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
6, 2005
REGISTRATION NO. :
35595080-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. HARESHKUMAR R. SHAH (COMPANY DIRECTOR)
STAFF STRENGTH :
3
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79965 = 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*
==================
License Number :
35595080-000
Date of Registration :
6 May, 2005
Issuing Authority :
Business Registration Office - Inland Revenue Dept (BRO)
Legal Form :
Partnership
Employees :
3
Primary Business Activity :
Trader
Key Industry :
Giftware & Jewellery
SC is not known to host website of its own at present.
E-mail: nishant711@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: n/a
Total number of shares: n/a
Shareholders Country
Number Amount %
Mr. Dinesh Dhanjibhai Italiya India n/a n/a n/a
Mr. Hareshkumar R. Shah India n/a n/a n/a
Mr. Pritesh Nandkumar Mistry India n/a n/a n/a
*COMPANY DIRECTORS*
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1
Name :
Mr. Hareshkumar R. Shah
Nationality :
Indian
ID/Passport No. :
ZZ4743341
Registered Address :
Rm D 7Fl Luxury Court 9 Hau Fook St ,Tsimshatsui ,Kowloon ,Tsimshatsui
Country of Residence :
Hong Kong
Date of Appointment :
6 May, 2005
2
Name :
Mr. Pritesh Nandkumar Mistry
Nationality :
Indian
ID/Passport No. :
ZZ4744070
Registered Address :
Rm D 7Fl Luxury Court 9 Hau Fook St ,Tsimshatsui ,Kowloon ,Tsimshatsui
Country of Residence :
Hong Kong
Date of Appointment :
6 May, 2005
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing of a wide range of diamond jewelry.
2. Sales and distribution of purchased products to local and
international markets.
Products: Diamond
Diamond
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.
SC is not known to have any subsidiary at
present.
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 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 3
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
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles of
jewelry & parts, of precious metal or clad
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting,Importing
Middle-East Exporting
China Exporting,Importing
United Arab Emirates Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.41.96 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.65.82 |
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%)