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MIRA
INFORM REPORT
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Report Date : |
11.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
ZENITH TRADING (HK) |
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Registered Office : |
RM B 4FL Hon Kwong Mansion 25-29 Hankow Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.11.2002 |
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Com. Reg. No.: |
33128281-000 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading a wide range of Electronic, Electrical, Jewelry and
Watch/Clock Products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address of the company
ZENITH
TRADING (HK)
RM B 4FL HON KWONG MANSION 25-29 HANKOW RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23690225 FAX: 852-23690325
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 11, 2002
REGISTRATION NO. :
33128281-000
LEGAL FORM :
PARTNERSHIP
CHIEF EXECUTIVE :
MR. HABEEB M. SEYED ABOOSALIH (PARTNER)
STAFF STRENGTH :
2
CAPITAL :
N/A
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAILRY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80283 = 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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*Office & Facilities*
===============
Note: We were unable to find any reference of the supplied address on
any local. The above address as reflected on our report was confirmed to be its
current registered/operating address.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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SC is not known to host website of its own at present.
E-mail: sakay786@hotmail.com
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For the past two years there is no record of litigation.
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Based on corporate filing regulations for this type of entity in Hong Kong,
there is either, no requirement for Shareholders or no requirement for public
disclosure of Shareholders.
*Major Shareholders*
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Partners' Name
--------------------
Mohammad Uvais Sakay
Habeeb M. Seyed Aboosalih
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Management: Mr. Habeeb M. Seyed
Aboosalih, Partner
Mr. Mohammad Uvais Sakay, Partner
Name Nationality
Job Description
Mr. Habeeb M. Seyed Aboosalih Pakistani
Partner
Mr. Mohammad Uvais Sakay Pakistani
Partner
*Key Personnel*
============
(1)
Habeeb M. Seyed Aboosalih
Founder :
Co-Founder
National ID no :
ZZ5162571
Address : Rm
B 4Fl Hon Kwong Mansion 25-29 Hankow Rd Tsimshatsui Kowloon Hong Kong
(2)
Mohammad Uvais Sakay
Founder :
Co-Founder
National ID no :
K4070240
Address :
Rm B 4Fl Hon Kwong Mansion 25-29 Hankow Rd Tsimshatsui Kowloon Hong Kong
Email :
sakay786@hotmail.com
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*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Trading a wide range of electronic, electrical, jewelry and
watch/clock products.
2. Sales and distributions to local and overseas markets.
Carries the brand name "Gemex".
Products: Analog clock radios
Audio
accessories
Audio cassette
components
Audio
equipment
Audio-visual
products
*Payment Terms*
=============
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*
======================
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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*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : STAR
ENTERPRISES
Address : 63
Keyzer St Pettah Colombo 11 Colombo Sri Lanka
Country :
Sri Lanka
Relationship :
Subsidiary
Legal Form :
Partnership
Company Type : Trader
Industry :
Giftware & Jewellery
Company Name : ZENITH
ENTERPRISE PVT LTD
Country :
Singapore
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
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PAYMENT RATING : 4 OBTAINED SCORES :
47
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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 partnership 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. The given
credit line would appear to be beyond SC’s capacities. Credit dealings with SC
should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut stone
and stone products
Trading 3564 Fans and
blowers, except household type; dust collection and air purification equipment;
and parts,
Trading 3639 Household
appliances, and parts,
Trading 3651 Radio &
tv receiving sets; phonographs; recorders; microphones; loudspeakers; audio
amplifiers; & oth audio equip
Trading 3652 Phonograph
records, record blanks, and prerecorded tapes
Trading 3661 Telephone
and telegraph apparatus, and parts,
Trading 3669 Other
communications equipment, and parts,
Trading 3699 Electrical
equipment and supplies, and parts,
Trading 3827 Optical
instruments, and parts,
Trading 3861 Photographic
equipment and supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
Trading 7103995000 Gemstones
otherwise worked not suitable for use in jewelry
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 8414596095 Fans
Trading 8509 Electromech
domestic appliances; parts
Trading 8517 Elec
apparatus for line telephony, telephone sets, parts
Trading 8519990045 Audio
laser disc players (compact disc)
Trading 8524 Records,
tapes & other recorded sound media etc computer software
Trading 8524994020 Video
discs, recorded
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Audio cassette
components
Trader Video cassette
components
Trader Audio
accessories
Trader Video
accessories
Trader Blank audio
tapes
Trader Blank video
tapes
Trader Blank
disks
Trader Mobile
telephone equipment
Trader Cameras
Trader Audio
equipment
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Belgium
Exporting to China
Exporting to Europe
Exporting to Thailand
Importing from Asia
Importing from India
Importing from North America
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)