MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAPPER DIAM (HK) CO |
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Registered Office : |
Rm E 9FL Harilela Mansion 81 Nathan Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.05. 2005 |
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Com. Reg. No.: |
35623712-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trader of Diamonds. |
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 Concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
TAPPER DIAM (HK) CO
RM E 9FL HARILELA MANSION 81 NATHAN RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27242776
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
14, 2005
REGISTRATION NO. :
35623712-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. M. N. SEYED MOHAMED SALIHU (PARTNER)
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
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78611 = 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 : 35623712-000
Date issued : 14 May, 2005
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*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.
E-mail: tapperdiamhk@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Partners' Name
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Muthu H. P. Mohamed Naleem
M. N. Seyed Mohamed Salihu
Management: Mr. M. N. Seyed
Mohamed Salihu, Partner
Mr. Muthu H. P. Mohamed Naleem, Partner
Name Nationality
Job Description
Mr. M. N. Seyed Mohamed Salihu Indian
Partner
Mr. Muthu H. P. Mohamed Naleem Indian
Partner
*Key Personnel*
============
(1)
Mr. Muthu H. P. Mohamed Naleem
Founder :
Co-Founder
Passport number : R0536783
Address : Rm D2,
12Fl Tsimshatsui Mansion 83-97 Nathan Rd Tsimshatsui Kowloon Hong Kong
(2)
Mr. M. N. Seyed Mohamed Salihu
Founder :
Co-Founder
Passport number : K1498657
Address : Rm D2,
12Fl Tsimshatsui Mansion 83-97 Nathan Rd Tsimshatsui Kowloon Hong Kong
*Main Products & Services*
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Specializes in trading various range of diamonds.
Products: Diamonds
Precious
metals
Precious
stones
*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.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 4 OBTAINED SCORES :
49
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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 short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103104000 Other
precious and semiprecious stones, unworked, simply sawn, shaped
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.54 |
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UK Pound |
1 |
Rs.84.86 |
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Euro |
1 |
Rs.66.95 |
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%)