MIRA
INFORM REPORT
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Report Date : |
20.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SIM HA INT'L LTD |
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Registered Office : |
Suite 1803, 18FL HK Chinese Bank Bldg 61-65 Des Voeux Rd Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.08.2006 |
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Com. Reg. No.: |
1067895 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports and local purchase of iron ore, heavy metal scrap and various
types of life saving drugs. 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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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SIM
HA INT'L LTD
SUITE 1803, 18FL HK CHINESE BANK BLDG
61-65 DES VOEUX RD CENTRAL, HONG KONG.
TEL:852-21229493 FAX:852-21229498
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 17, 2006
REGISTRATION NO. :
1067895
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GANESIA LEUNG (MANAGER)
STAFF STRENGTH :
5
CAPITAL :
US$ 25,707
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 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80579 = 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
Registered Legal Address : 2Fl Teng Fu Commercial Bldg 333 Queens Rd
Sheung Wan Hong Kong
*Company Registration*
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(1)
License number : 1067895
Date issued : 17 August, 2006
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 37072355-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Share value :
HKD 1.00/-each
Authorized capital : HKD
200,000.00 divided into 200,000 ordinary shares
Paid-up capital : HKD 2.00 divided into 2 ordinary
shares
*Approved Signatures*
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Only Mr. Veerappan Subramanian can sign on behalf of the company with
seal affixed.
www.simhagroup.com
The web belongs to Sim Ha International
Pte Ltd. The design is professional and the content is well organized.
At present it is in English version.
E-mail: sales@simhainternational.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 2
Shareholders Country Number Amount (HKD) %
Mr. Seshachalam Chivukula India 1.00 1.00 50.00
Mr. Veerappan Subramanian India 1.00 1.00 50.00
*Company Secretary*
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BUSINESS FULL CONSULTANTS LTD
Address : 2Fl Teng Fu
Commercial Bldg 333 Queens Rd Sheung Wan Hong Kong
CR number : 573955
Management: Mr. Ganesia Leung, Manager
Name Nationality
Job Description
Mr. Ganesia Leung Hong Kong
Manager
*Main Products & Services*
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Specializes in the following areas of work:
1. Imports and local purchase of iron ore, heavy metal scrap and various
types of life saving drugs.
2. Sales and distribution of purchased products to local and
international markets.
Products: API
Anti-diabetic
drugs
Anti-microbial
medicines
Anti-ulcer
drugs
Cephalosporins
*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.
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name : SIM HA
INT'L PTE LTD
Country :
Singapore
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Professional Services
PAYMENT RATING : 4 OBTAINED SCORES :
48
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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 private limited 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 short development
history. Taking into consideration of SC’s general performance, a credit line
up to USD 5,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 1011 Iron ores
Trading 2833 Medicinals
and botanicals
Trading 3322 Malleable
Iron Foundries
Trading 3399 Primary
metal products,
Trading 5122 Drugs/Druggists'
Sundries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2601 Iron
ores & concentrates, including roast pyrites
Trading 2934302700 Other
drugs,
Trading 3004 Medicaments,
mixed or not, in dosage etc form
Trading 3004906090 Medicaments
not elsewhere specified or included
Trading 7112 Waste
& scrap of prec metal or metal clad with precious metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Cephalosporins
Trader Anti-microbial
medicines
Trader Neutraceuticals
Trader Estrogens
Trader Neurological
drugs
Trader API
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from Singapore
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%)