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MIRA
INFORM REPORT
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Report Date : |
06.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
S R EXPORTS (HK) LTD |
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Registered Office : |
Flat H1, 9FL Winner Bldg 36 Man Yue St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.10. 2006 |
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Com. Reg. No.: |
1078772 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of wide range of Jewelry and other related
Products. Sales and Distribution of Purchased Products to Local and Export
Markets. |
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
S R
EXPORTS (HK) LTD
FLAT H1, 9FL WINNER BLDG 36 MAN YUE ST
HUNGHOM KOWLOON, HONG KONG.
TEL: 852-27362247 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 5, 2006
REGISTRATION NO. :
1078772
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PRAVINCHANDRA HIRALA SHAH (DIRECTOR)
STAFF STRENGTH :
20
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
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79544 = 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 : 1078772
Date issued : 5 October, 2006
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 37237200-000
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*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 Pravinchandra Hirala Shah 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.
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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: 1
Total number of shares: 10,000
Shareholders Country Number Amount (HKD) %
---------------- ----------- ------------- --------------- --------
APEX GEMS INC USA 10,000.00 10,000.00 100.00
*Company Secretary*
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POLYWIN CONSULTANTS LTD
Address : Rm 1206 Harbour Crystal Centre 100 Granville Rd TST East
Kowloon Hong Kong
CR no : 757720
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*COMPANY DIRECTORS*
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Name :
Mr. Pravinchandra Hirala Shah
Nationality :
USA
ID/Passport No. :
112925861
Registered Address : Suite
1000, 576, 5th Ave, New York, New York, 10036
Country of Residence USA
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*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of jewelry and other related
products.
2. Sales and distribution of purchased products to local and export
markets.
Products: Jewelry
Precious
metals
Precious
stones
Watches
*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.
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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 short 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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 7113205000 Jewelry
of base metal clad with precious metal
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
Trading 9114200000 Clock
or watch jewels
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
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%)