%2020-Oct-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LUCAS AND KINGSLY U.S.A. (H.K.) |
|
|
|
|
Registered Office : |
Room 6, Unit F2, 5/F., Hang Fung Industrial Building, Phase
2, 2G Hok Yuen Street, Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
29.03. 2005. |
|
|
|
|
Com. Reg. No.: |
35451480-000-03 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Jewellery and Diamonds, etc. |
RATING &
COMMENTS
|
MIRA’s 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 : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
LUCAS AND
KINGSLY U.S.A. (H.K.)
ADDRESS
Room 6, Unit F2, 5/F., Hang Fung Industrial Building, Phase 2, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2311 2720
[Your enquiry given as: LUCAS & KINGLSY USA (HK) of the same address. ]
MANAGEMENT
Manager: Mr. Amit Kumar Maheshwari
SUMMARY
Establishment: 29th March, 2005.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Jewellery Wholesaler.
Annual Turnover: HK$6-8 million.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Registered Head Office:-
Room 6, Unit F2, 5/F., Hang Fung Industrial Building, Phase 2, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
Affiliated Company:-
Lucas And Kingsly U.S.A., USA.
BUSINESS REGISTRATION NUMBER
35451480-000-03
MANAGEMENT
Manager: Mr. Amit Kumar Maheshwari
SOLE PROPRIETOR
Name: Mr. Amit Kumar MAHESHWARI
Residential Address: Room 1, 4/F., Rear Flat,
Ocean View Court, 25 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 29th March, 2005 as a sole proprietorship concern owned by Mr. Amit Kumar Maheshwari under the Hong Kong Business Registration Regulations.
Formerly the subject was located at Room 1, 4/F., Rear Flat, Ocean View Court, 25 Chatham Road, Tsimshatsui, Kowloon, Hong Kong where is the residential address of the sole proprietor, moved to the present address in August 2008.
Apart from these, neither material
change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of jewellery and diamonds, etc.
Employees: Nil.
Commodities Imported: India, Thailand, Europe, etc.
Markets: Japan, Southeast Asia, US, etc.
Annual Turnover: HK$6-8 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Keeping a balance account in the past years.
Condition: Business is fairly active.
Facilities: Trying to make use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Lucas And Kingsly U.S.A. (H.K.) is a sole proprietorship set up on 29th March, 2005 and owned by Mr. Amit Kumar Maheshwari.
The subject’s affiliate Lucas And Kingsly U.S.A. is in New York of the United States.
Mr. Maheshwari is an Indian holding an India passport and does not have the right to reside in Hong Kong permanently.
The subject is a professional gemstone company based in
India. It is manufacturing and trading
in diamonds and gemstones. It mainly
process all kinds of natural and synthetic gemstones, like amethyst, citrine,
garnet, peridot, etc.
According to the subject, its gemstones are high quality and the price is competitive. Most of the products are imported from
India. After processing in Hong Kong,
finished products are exported to Japan, Southeast Asia and the United States. Business is fairly active.
The subject’s business is chiefly handled by Mr. Amit Kumar
Maheshwari himself. Annual sales ranges
from HK$6 to 8 million. Just keeping a
balance accounts.
Since the subject has no other employees in Hong Kong, consider it good for normal business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.83 |
|
UK Pound |
1 |
Rs.85.12 |
|
Euro |
1 |
Rs.65.86 |
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 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%)