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MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SARA (HONG KONG) LTD |
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Registered Office : |
Unit B 19FL Yardley Commercial Bldg 3 Connaught Rd West Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.01.1975 |
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Com. Reg. No.: |
0041446 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchasing a wide range of consumer products and other related products.
Sales and Distribution of purchased products to local and
international markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SARA
(HONG KONG) LTD
UNIT B 19FL YARDLEY COMMERCIAL BLDG
3 CONNAUGHT RD WEST SHEUNG WAN, HONG KONG.
TEL: 852-28543018 FAX: 852-28543315
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 10, 1975
REGISTRATION NO. :
0041446
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE :
MR. K. SIVAKUMAR (GENERAL MANAGER)
STAFF STRENGTH :
30
CAPITAL :
US$ 1,028,278
BUSINESS LINE : TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 100,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80681 = 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
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*Company Registration*
===================
(1)
License number : 0041446
Date issued : 10
January, 1975
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 04324042-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as :
KIRANS IMPEX (HK) LTD
Date of incorporation : 10
January, 1975
Changed name to : SARA
(HONG KONG) LTD
Date of change : 11
March, 2002
*Capital Details*
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Authorized capital : HKD 8,000,000.00 divided into 80,000 ordinary
shares at HKD 100.00/-each, fully paid
*Office & Facilities*
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Other fax no. : 28543391
Previous address : 11Fl
Champion Bldg Blk A 281-291 Des Voeux Rd Central Hong Kong
*Registrar*
=========
- CC HO & CO LTD
*Approved Signatures*
===================
Only Mr. Sunil Ramchand Mohinani can sign on behalf of the company with
seal affixed.
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http://www.saraexport.com/home.htm
The design is professional and the content is well organized. At present it is
in English version.
E-mail: sales@saraexport.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 80,000
Shareholders Country Number Amount (HKD) %
EASTERN FOCUS Virgin
Islands (British) 79,998.00 7,999,800.00 99.99
INVESTMENTS LTD
Mr. Sunil Ramchand Mohinani India 2.00 200.00 0.01
*Company Secretary*
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CC HO & CO LTD
C. R. no. : 53539
Address : 3Fl Shun Feng Int'l Centre 182 Queen's Rd East Hong Kong
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Management: Mr. P. R. Kannappan,
Manager
Mr. K. Sivakumar, General Manager
Name Nationality
Job Description Dept. / Division
Mr. P. R. Kannappan Indian Manager Account
Mr. K. Sivakumar Indian General Manager -
*COMPANY DIRECTORS*
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1
Name :
Mr. Ashok Ramchand Mohinani
Nationality :
India
ID/Passport No. :
Z-1595720
Registered Address : 20
Jawaharlal Nehru Rd
Country of Residence : Ghana
2
Name :
Mr. Ram Udharam Mohinani
Nationality :
India
ID/Passport No. :
Z-1595929
Registered Address : 20
Jawaharlal Nehru Rd
Country of Residence : Ghana
3
Name :
Mr. Sunil Ramchand Mohinani
Nationality :
India
ID/Passport No. : F8233730
Registered Address : 15
Walsingham St Johnswood Park, London, NW86RG
Country of Residence : United
Kingdom
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*Main Products & Services*
======================
Specializes in the following areas of work :
1. Local purchasing a wide range of consumer products and other related
products.
2. Sales and distribution of purchased products to local and
international markets.
Carries the brand Prudent
Products: Acetone
Ammonium
bicarbonate
Bakery
Butyl acetate
Calcium
carbonate
*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.
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*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : POLYONE INDUSTRIES (NIGERIA) LTD
Address : Km 16 Ikorodu Rd Ojota Behind Philips Victoria Island Lagos
Nigeria
Country : Nigeria
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : SARA (EAST AFRICA) LTD
Address : Plot 12596/1222 Rd A Off Enterprise Rd Nairobi 00400 Kenya
Country : Kenya
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : SARA LOGISTICS SERVICES PVT LTD
Address : 603 Dhanthak Plaza Makhwana Rd Andheri East Mumbai (Bombay)
400059 Maharashtra India
Country : India
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Transportation
Company Name : SOMOCHEM LTD
Address : 21 Nyerere Dar Es Salaam Tanzania
Country : Tanzania
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : SRA (LONDON) LTD
Address : 10Fl York House Empire Way Wembley HA90PA Middlesex United
Kingdom
Country : United Kingdom
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Consumer Products
Company Name : UNIWELL TRADING CO LTD
Address : North Industrial Area Block 9 Ring Rd Accra Ghana
Country : Ghana
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains overseas office in China for quality sodium sulphate.
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PAYMENT RATING : 3 OBTAINED SCORES :
55
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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
MODERATE amounts depending on individual judgement experience.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered medium-sized in its line with a long history. A credit
line at the above amount appears to be beyond SC’s capacities, while a credit
line up to USD 100,000 is recommended.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 1474 Sodium
nitrate, potassium chloride or muriate of potash; and potassium sulphate
Exporting 2000 Food
and Kindred Products
Exporting 2051 Bread
and other bakery products, other than frozen
Exporting 2099 Food
products,
Exporting 2299 Textile
goods,
Exporting 2300 Apparel/Other
Textile Products
Exporting 2386 Leather
wearing apparel,
Exporting 2800 Chemicals
and Allied Products
Exporting 2813 Industrial
gases
Exporting 2841 Soap
and other detergents, except specialty cleaners
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 1520 Glycerol
(glycerine), glycerol waters and lyes
Exporting 1905 Bread,
pastry cakes etc: comm wafers, empty caps etc
Exporting 2106 Food
preparations
Exporting 2401202990 Cigar filler tobacco, including cigar leaf, partly or wholly
stemmed/stripped, not threshed, not containing or containing not over 35%
wrapper tobacco
Exporting 2709 Crude
oil from petroleum and bituminous minerals
Exporting 2711 Petroleum
gases & other gaseous hydrocarbons
Exporting 2712200000 Paraffin wax containing less than 0.75 percent oil
Exporting 2809 Diphosphorus
pentaoxide; phosphoric acid etc
Exporting 2809200040 Polyphosphoric acids
Exporting 2815110000 Solid sodium hydroxide (caustic soda)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Paints
Exporter Ink
Exporter Butyl
acetate
Exporter Solvent
Exporter Leather
Exporter Citric
acids
Exporter Glycerin
Exporter Vitamin C
Exporter Sodium
benzoate
Exporter Phosphoric
acid
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Europe
Exporting to Ghana
Exporting to India
Exporting to Kenya
Exporting to Nigeria
Exporting to Tanzania
Exporting to United Kingdom
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%)