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MIRA
INFORM REPORT
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Report Date : |
26.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
CORUNDUM HONGKONG LTD |
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Registered Office : |
Suite 305 Chevalier House 45-51 Chatham Rd South Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.08.1997 |
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Com. Reg. No.: |
0620186 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and Local Purchasing a wide range of Diamonds and Jewelry. |
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 : |
Cleat |
name & address
CORUNDUM
HONGKONG LTD
SUITE 305 CHEVALIER HOUSE 45-51 CHATHAM RD
SOUTH TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23679195 FAX: 852-27230167
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 11, 1997
REGISTRATION NO. :
0620186
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DEEPAK KUMAR MORE (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
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 7.78498= 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 : 0620186
Date issued : 11 August, 1997
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 21194107
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Share value : HKD 10.00/-each
Nominal capital : HKD
1,000,000.00
Paid-up capital : HKD 20.00 divided into 2 ordinary
shares
*Corporate & Organization Structure*
============================
A small sized company mainly operated and managed by an experienced team
of professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
=================
Only Mr. Deepak Kumar More can sign on behalf of the company with seal
affixed.
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SC is not known to host website of its own at present.
E-mail: more@biznetvigator.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 shareholder: 1
Total number of shares :
2
Shareholder's Name
No of Shares Amount of
Shares (HKD) % of Shares
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Deepak Kumar More
2
20.00
100.00
Share transfers:
Date No of
Ordinary Share Trasferror Transferee
------- -------------------------- -------------- --------------
21 March, 2007
1 Mr. Smita
More Mr. Deepak Kumar More
*Corporate Secretary*
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DHUN'S MANAGEMENT SERVICES LTD
C. R. no. : 27006
Address : 7Fl Man On Commercial
Bldg 12-13 Jubliee St Central Hong Kong
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Management: Mr. Deepak Kumar
More, General Manager
Mr. Jimmy Chau, Representative
Name Nationality
Job Description
Mr. Deepak Kumar More British
General Manager
Mr. Jimmy Chau Hong
Kong Representative
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*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing a wide range of diamonds and jewelry.
2. Sales and distribution of purchased products to local and
international markets.
Products: Aquamarine
Colored precious
stones
Cut diamonds
Cut rubies
Diamonds
*Payment Terms*
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Sales
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Local : Cash
30-60 days 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)
*Exhibition Participation*
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Exhibition fair : Hongkong
International Jewellery Show 2000
Dates attended : 6-9 March, 2000
Location : Hongkong
Convention & Exhibition Centre
*Local Distribution Network*
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40% of the annual turnover is attributed to local sales
*Export Markets*
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60% 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 : 3 OBTAINED SCORES :
50
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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 limited liability 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 :
Central,Hong Kong
Branch Address : 3Fl
Ruttonjee House 11 Duddell St Central Hong Kong (Head Office)
SWIFT Code :
IOBAHKHH
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SC is considered small-sized in its line with an 11 years development
history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103102000 Rubies,
sapphires, emeralds and rock crystals, unworked or simply sawn or
roughly
shaped, not strung, mounted or set
Trading 7103910020 Sapphires
cut but not set for jewelry
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Polished
rubies
Trader Polished
sapphire
Trader Ruby set
jewelry
Trader Sapphire
jewelry
Trader Topaz jewelry
set
Trader Colored
precious stones
Trader Polished
precious stones
Trader Ruby
Trader Tourmaline
Trader Aquamarine
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to South Korea
Exporting to Taiwan
Exporting to USA
Importing from Asia
Importing from China
Importing from India
Importing from Thailand
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%)