MIRA
INFORM REPORT
|
Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
NABILA TRADERS |
|
|
|
|
Registered Office : |
Flat B-7, 11FL Hankow Centre Block B 4a Ashley Rd Tsimshatsui Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
08.02. 1974 |
|
|
|
|
Com. Reg. No.: |
04069022-000 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Trading Jewelry, Watches and Precious Stones and Metals. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
NABILA
TRADERS
FLAT B-7, 11FL HANKOW CENTRE BLOCK B
4A ASHLEY RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852- 23683777 FAX: 852-7242912
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 8, 1974
REGISTRATION NO. :
04069022-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. ALLAVUDIN SHAIK (DIRECTOR)
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 :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80808 = 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 : 04069022-000
Date issued : 8 February, 1974
Issuing authority : Business Registration Office -
Inland Revenue Dept
Legal form : Partnership
Type of license : Business
SC is not known to host website of its own at present.
E-mail: ilyashkg@gmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders: N/A
Total number of shares: N/A
Shareholders Country Number Amount %
---------------------- ------------- ------------ ----------- --------
Mr. Allavudin Shaik Hong Kong n/a
n/a n/a
Mr. Mohamed Ilyas Sakay Hong Kong n/a n/a n/a
Mr. Mohamed Uvais Sakay Hong Kong n/a n/a n/a
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Allavudin Shaik
Nationality :
Hong Kong
ID/Passport No. :
XG4561965
Registered Address : Flat
5-A Houng Sun Bldg 45-47 Carnarvon Rd, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
Date of Appointment : 1 Oct,
1988
2
Name :
Mr. Mohamed Ilyas Sakay
Nationality :
Hong Kong
ID/Passport No. :
XG4561965
Registered Address : Flat
A6, 8Fl Hankow Centre 41-51 Peking Rd, Kowloon
Country of Residence : Hong
Kong
Date of Appointment : 1 Oct,
1988
3
Name :
Mr. Mohamed Uvais Sakay
Nationality :
Hong Kong
ID/Passport No. :
XG4561965
Registered Address : Flat
A6, 8Fl Hankow Centre 41-51 Peking Rd, Kowloon
Country of Residence : Hong
Kong
Date of Appointment : 1 Jan,
1988
*Main Products & Services*
======================
Specializes in trading jewelry, watches and precious stones &
metals.
Products: Jewelry
Precious
metals
Precious
stones
Watches
*Payment Terms*
==============
Sales
-------
Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or credit
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch : NABILA TRADERS - KOWLOON
Branch Address : Flat B 4Fl Hon Kwong Mansion 25-29 Hankow Rd
Kowloon,
PAYMENT RATING : 3 OBTAINED SCORES :
50
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 MODERATE amounts
depending on individual judgement experience.
As a partnership 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 development history of
34 years. Credit up to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut stone
and stone products
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7115 Articles
of or clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)