%20LTD%2019-Nov-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
SHINE STONE (HK) LTD |
|
|
|
|
Registered Office : |
RM 7, 7FL Heng Ngai Jewelry Centre |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
19.05.2006 |
|
|
|
|
Com. Reg. No.: |
1046366 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading Diamonds, Jewelry and Watches.
|
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
SHINE
STONE (HK) LTD
RM 7, 7FL HENG NGAI JEWELRY CENTRE
TEL: 852-35211444 FAX: 852-37474694
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
19, 2006
REGISTRATION NO. :
1046366
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HITESH PARSHOTAMBHAI MANGUKIA (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 192,802
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 7.80784 = 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
%20LTD%2019-Nov-2008_files/image013.gif){kind=small}
*Company Registration*
===================
(1)
License number : 1046366
Date issued : 19 May, 2006
Issuing authority : Companies Registry
Legal form :
Private limited company
Type of license : Corporate
(2)
License number 36766082-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Authorized capital : HKD 1,500,000.00 divided into 1,500,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
================
Previous Contact Details
---------------------------------
Address : Unit Q10, 6Fl Kaiser Estate - Phase 3,
Tel no. : 35211441
Fax no. : 35211441
*Corporate & Organization Structure*
=============================
A small sized company operated and managed by the owner.
*Approved Signatures*
===================
Only Mr. Hitesh Parshotambhai Mangukia can sign on behalf of the company
with seal affixed.
%20LTD%2019-Nov-2008_files/image014.gif){kind=small}
SC is not known to host website of its own at present.
E-mail: shinestoneltd@yahoo.com
%20LTD%2019-Nov-2008_files/image015.gif){kind=small}
For the past two years there is no record of litigation.
%20LTD%2019-Nov-2008_files/image016.gif){kind=small}
*Major Shareholders*
=================
Total number of shareholders
: 2
Total number of ordinary shares : 1,500,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
---------------------------
----------------------------- ------------------------------- ----------------
Jay Manav Impex
825,000
825,000.00
55.00
Hitesh Parshotambhai Mangukia 675,000 675,000.00 45.00
Share transfer
-------------------
Date
No. of Ordinary Shares
Transferror(s)
Transferee(s)
------
-------------------------------- ------------------- --------------------
6 November, 2007
75,000 Jay
Manav Impex Hitesh
Parshotambhai Mangukia
6 November, 2007
510,000
SONAL GEMS Hitesh
Parshotambhai Mangukia
*Directors' Details*
===============
Shareholders' Details
-----------------------------
Jay Manav Impex
Address : 55-B Opera House Shreeji Arcade
*Company Secretary*
=================
CHAMPION CORPORATE LTD
CR No. :
0657221
Address : Rm
2002, 20Fl Emperor Group Centre 288 Hennessey Rd Wanchai
Date of Appointment : 19 May,
2006
%20LTD%2019-Nov-2008_files/image017.gif){kind=small}
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Bhagwanbhai Khodabha Mangukia
Nationality :
ID/Passport No. :
E1822885
Registered Address : 55-B
Opera House Shreeji Arcade
Country of Residence :
2
Name :
Mr. Hitesh Parshotambhai Mangukia
Nationality :
ID/Passport No. :
B1068119
Registered Address :
Country of Residence :
%20LTD%2019-Nov-2008_files/image018.gif){kind=small}
*Main Products & Services*
======================
Specializes in trading diamonds, jewelry and watches.
Products: Diamonds
Jewelry
Watches
*Payment Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
====================
Exhibition fair : Hong Kong International Jewellery Show
Year attended : 2008
Location : HK
Convention and Exhibition Centre
*Local Distribution Network*
=======================
50% of the annual turnover is attributed to local sales.
*Export Markets*
=============
50% of the annual turnover is attributed to export.
%20LTD%2019-Nov-2008_files/image019.gif){kind=small}
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains a factory located in
%20LTD%2019-Nov-2008_files/image020.gif){kind=small}
PAYMENT RATING : 4 OBTAINED SCORES : 47
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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.
%20LTD%2019-Nov-2008_files/image021.gif){kind=small}
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
%20LTD%2019-Nov-2008_files/image022.gif){kind=small}
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 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
Trading 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
Trading 9100 Clocks
& watches & parts thereof
Trading 9101 Watches,
wrist, pocket etc, prec metal or clad case
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.74 |
|
|
1 |
Rs.74.37 |
|
Euro |
1 |
Rs.62.78 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)