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MIRA
INFORM REPORT
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Report Date : |
25.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
GOLDEN UNICORN (HONG KONG) LTD |
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Registered Office : |
RM 4B YIP Fung Industrial Bldg 28-36 Kwai Fung Crescent Kwai Chung New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.07.2001 |
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Com. Reg. No.: |
762098 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Export Sales of Blended and Wool Piece Goods |
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
GOLDEN UNICORN
(HONG KONG) LTD
RM 4B YIP FUNG INDUSTRIAL BLDG 28-36 KWAI FUNG CRESCENT
KWAI CHUNG NEW TERRITORIES, HONG KONG.
TEL: 852-23070924 FAX: 852-23070934
EXECUTIVE SUMMARY
INCORPORATION DATE : JULY
4, 2001
REGISTRATION NO. :
762098
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DIPTI RASWANT (DIRECTOR)
STAFF STRENGTH :
6
CAPITAL :
US$ 1,285
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80405 = 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*
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(1)
License number : 762098
Date issued : 4 July,
2001
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 31958284-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 10,000.00
Paid-up capital : HKD
100.00 divided into 100 ordinary shares at HKD 1.00/-each
*Office & Facilities*
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Previous address : Rm 11, 9Fl Park Fook Industrial Bldg 615-617 Tai Nam
West St Lai Chi Kok Kowloon
*Approved Signatures*
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Only Kuldeep Raswant can sign on behalf of the company with seal
affixed.
*Registrar*
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C K LIU & CO
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SC is not known to host website of its own at present.
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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: 100
Shareholders Country Number Amount (HKD) %
Mr. Kuldeep Raswant India 99.00 99.00 99.00
Mr. Dipti Raswant India 1.00 1.00 1.00
*Company Secretary*
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LODESTAR SECRETARIES LTD
CR no. : 113023
Address : 13Fl Wah Kit Commercial Center 302 Des Voeux Rd Central Hong
Kong
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*COMPANY DIRECTORS*
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1
Name : Mr. Dipti Raswant
Nationality : India
ID/Passport No. : R011359(9)
Registered Address : B11/63 Pathana, Hissar, Haryana
Country of Residence : India
2
Name : Mr. Kuldeep Raswant
Nationality : India
ID/Passport No. : P392826(1)
Registered Address : E 38 DLF Phase I, Gurgaon, Haryana
Country of Residence : India
3
Name : Mr. Manish Raswant
Nationality : India
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*Main Products & Services*
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Specializes in local and export sales of blended and wool piece
goods.
Products: Blended piece goods
Wool piece
goods
*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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Majority 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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SC is not known to have any subsidiary at present.
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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.
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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 small-sized in its line with a development history of 7
years. 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 2299 Textile
goods,
Trading 2399 Fabricated
textile products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5911 Textile
products etc. for specific tech uses
Trading 6307 Made-up
articles of textile materials
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Bangladesh
Exporting to India
Importing from Asia
Importing from China
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%)