MIRA
INFORM REPORT
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Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
HIRA EXPORTS LTD |
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Registered Office : |
RM 901, 9FL Harbour Centre - Tower 2,
8 Hok Cheung St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.05. 2005 |
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Com. Reg. No.: |
0971338 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading wide range of Diamonds.
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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 : |
No Complaints |
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Litigation : |
Clear |
name & address
HIRA
EXPORTS LTD
RM 901, 9FL HARBOUR CENTRE - TOWER 2,
8 HOK CHEUNG ST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-31632289 FAX: 852-
23339518
EXECUTIVE SUMMARY
INCORPORATION DATE : 20
MAY, 2005
REGISTRATION NO. :
0971338
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DAHYABHAI GOVINDBHAI SUTARIYA (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 501,285
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 7.80808 = 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*
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(1)
License number :
0971338
Date issued : 20 May, 2005
Issuing authority : Companies Registry
Type of license : Corporate license
(2)
License number : 35655250 - 000
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license : Business license
*Capital Details*
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Authorized capital : HKD 3,900,000.00 divided into 3,900,000 ordinary
shares at HKD 1.00/-each, fully paid
*Approved Signatures*
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Only Mr. Pravinkumar Thakarshi Dobariya can sign on behalf of the
company with seal affixed.
SC is not known to host website of its own at present.
E-mail: hiraexportsltd@yahoo.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 3,900,000
Shareholders Country Number Amount
(HKD) %
---------------- -------- ---------------- ------------------- ---------
Mr. Dahyabhai Govindbhai Sutariya
India 3,900,000.00 3,900,000.00 100.00
*Company Secretary*
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WORLD LINK BUSINESS SERVICES LTD
Address : 5Fl Far East Consortium Bldg 121 Des Voeux Rd Central Hong
Kong
CR no : 746596
*COMPANY DIRECTORS*
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1
Name : Mr. Dahyabhai Govindbhai Sutariya
Nationality : Hong Kong
ID/Passport No. : Z1577938
Registered Address : Rm 901, 9Fl Harbour Centre - Tower 2, 8 Hok Cheung
St
Country of Residence : Hong Kong
2
Name : Mr. Kavita Pravinkumar Dobariya
Nationality : Hong Kong
ID/Passport No. : R390628(A)
Registered Address : Rm 901, 9Fl Harbour Centre - Tower 2, 8 Hok Cheung
St
Country of Residence : Hong Kong
3
Name : Mr. Pravinkumar Thakarsh Dobariya
Nationality : Hong Kong
ID/Passport No. : E4807171
Registered Address : Rm 901, 9Fl Harbour Centre - Tower 2, 8 Hok Cheung
St
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in trading wide range of diamonds.
Products: Diamonds
*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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 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 development history of 3 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from India
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%)