MIRA
INFORM REPORT
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Report Date : |
11.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
WORLDATA INVESTMENT LTD |
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Registered Office : |
Flat E2, 6Fl Kaiser Estate - Phase 1, 41 Man Yue St, Tsimshatsui
Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.07.1991 |
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Com. Reg. No.: |
316294 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Domestic Sales of Diamond Products. |
RATING &
COMMENTS
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MIRAs 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
WORLDATA
INVESTMENT LTD
FLAT E2, 6FL KAISER ESTATE - PHASE 1, 41 MAN YUE ST
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23660727
FAX: 852-23693221
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 2, 1991
REGISTRATION NO. :
316294
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. NARESHKUMAR MANEKLAL SHAH (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 2,510,940
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80012 = 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
Business / Branch Name (DBA): BLUE DIAM CO
*Company Registration*
===================
(1)License number : 316294
Date issued : 2 July, 1991
Issuing authority : Companies Registry
Type of license : Corporate
(2)License number : 16085448-001
Date issued : 16 August, 1994
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital : HKD
19,510,000.00
Paid-up capital : HKD 19,500,010.00 divided into
19,500,010.00 ordinary shares at HKD 1.00/-each
*Office & Facilities*
================
Other tel no. :
23693197
Previous Contact Details
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(1) Address :
Suite E 6Fl Cameron Plaza 23-25 Cameron Rd Tsimshatsui Kowloon
(2) Address : Rm
2810, 28Fl Chung Kiu Commercial Bldg 113 Argyle St Kowloon
*Corporate & Organization Structure*
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A small company operated and managed by an experienced team of
professionals.
*Approved Signatures*
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Mr. Ketan Vinodlal Dani can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: dani@hknet.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 : 19,500,010
Shareholders Number
Amount (HKD) %
-------------------- -------------- ------------------ -------
Mr. Nareshkumar Maneklal Shah 19,500,009.00 19,500,009.00 100.00
Mr. Ketan Vinodlal Dani 1.00 1.00 -
*Company Secretary*
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RICH BASE SECRETARIAL SERVICES LTD
License number : 581376
Address : Rm 2810, 28Fl Chung Kiu Commercial
Bldg 113 Argyle St Kowloon
*Company Directors*
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1 Name : Mr. Ketan Vinodlal Dani
Nationality : India
ID/Passport No. : P386609(6)
Registered Address : 2Fl
Carmen's Garden Flat D - Tower 3, 9 Cox's Rd, Tsimshatsui, Kowloon
Country of Residence : Hong Kong
2 Name : Mr. Nareshkumar Maneklal Shah
Nationality : India
Registered Address : 2Fl
Carmen's Garden Flat D - Tower 3, 9 Cox's Rd, Tsimshatsui, Kowloon
*Main Products & Services*
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Specializes in importing and domestic sales of diamond products.
Products: Jewelry
Loose diamonds
*Payment Terms*
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Sales
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Local : Cash
30-90 days
credit
Purchases
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Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales
only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
57
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Implication |
Implications |
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1 |
Scores 85100 |
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 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 long history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3911 Jewelry,
of precious metal
Importing 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102100000 Diamonds, unsorted
Importing 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7116201000 Jewelry of precious or semiprecious stones
Trading 7102100000 Diamonds,
unsorted
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
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 SCs 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%)