MIRA
INFORM REPORT
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Report Date : |
24.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
SINOWIN PACIFIC LTD |
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Registered Office : |
Rm B7, 11fl Hankow Centre 4a Ashley
Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.12.2003 |
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Com. Reg. No.: |
0874736 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchase and Import of a wide range of Jewelry, Precious Stones
and Metals |
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 : |
Usually Correct |
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Litigation : |
Clear |
name & address of the company
SINOWIN
PACIFIC LTD
RM B7, 11FL HANKOW CENTRE 4A ASHLEY RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23683777 FAX: 852-27242912
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 10, 2003
REGISTRATION NO. :
0874736
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ZIAUDDEEN AHMED AHMED YASEEN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,284
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 7.79557 = 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*
===================
(1)
License number : 0874736
Date issued : 10
December, 2003
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 34432308-000
Issuing authority : Inland
Revenue Department
Type of license :
Business
*Office & Facilities*
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Comments : Premises shared with GIRA IMPEX.
*Corporate & Organization Structure*
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A small-sized company operated and managed by an experienced team of
professionals.
*Capital Details*
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Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares HKD 1.00/-each
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Mr. Ziauddeen Ahmed Ahmed Yaseen can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
E-mail: yaseen@hkstar.com
For the past two years there is no record of litigation.
*Company Secretary*
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VMC SECRETARIES LTD
Address : Rm
1617-18 Star House Harbour Center 3 Salisbury Rd Tsimshatsui Kowloon Hong Kong
License number : 750831
Management: Mr. Buhari Hamad, Manager
Name Nationality
Job Description
Mr. Buhari Hamad Indian Manager
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchase and import of a wide range of jewelry, precious stones
and metals.
2. Sales and distribution of products to both domestic and international
markets.
Products: Diamonds
Jewelry
Precious
metals
Precious stones
*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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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export worldwide.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES :
47
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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 limited company there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank Name : INDIAN OVERSEAS
BANK
Branch : Tsimshatsui,
Kowloon
Branch Address: Ground Fl Granville Rd
SWIFT Code : IOBAHKHH
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 2616 Precious
metal ores and concentrates
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to Thailand
Exporting to USA
Importing from Asia
Importing from India
Importing from Israel
Importing from Middle East
Importing from New Zealand
Importing from North America
Importing from Oceania
Importing from USA
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%)