MIRA
INFORM REPORT
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Report Date : |
20.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMDIA TRADING
CO. |
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Registered Office : |
Room 314, 3/F., Yip Fung Building, 12-18 D’Aguilar Street, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.04.1986 |
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Com. Reg. No.: |
10266022-000-04 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer,
Exporter and Wholesaler of all kinds of Diamonds and Jewellery Products, etc. |
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 : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
SAMDIA
TRADING CO.
ADDRESS
Room 314, 3/F.,
Yip Fung Building, 12-18 D’Aguilar Street, Central, Hong Kong.
PHONE: 2877 3177
FAX: 2845 7236
E-MAIL: skp194@yahoo.co.hk
MANAGEMENT
Manager: Mr. Sham Kai Ping
SUMMARY
Establishment: 10th April, 1986.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: 4.
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 314, 3/F.,
Yip Fung Building, 12-18 D’Aguilar Street, Central, Hong Kong.
BUSINESS REGISTRATION NUMBER
10266022-000-04
MANAGEMENT
Manager: Mr. Sham Kai Ping
SOLE PROPRIETOR
Name: Mr. SHAM Kai Ping
Residential
Address: Room 28B, Block 1, City Garden, North Point, Hong Kong.
HISTORY
The subject was
established on 10th April, 1986 as a sole proprietorship concern owned by Mr. Sham
Kai Ping under the Hong Kong Business Registration Regulations.
Formerly the
subject was located at Flat B, 6/F., Foo Heng Building, 122‑126 Queen’s
Road Central, Hong Kong, moved to the present address in February 1990.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery products,
etc.
Employees: 4.
Commodities
Imported: India, Belgium,
other European countries, etc.
Markets: Japan, other
Asian countries, Europe, the Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
Diamond Federation
of Hong Kong, China Ltd., Hong Kong.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Maintaining a small profit.
Condition: Business is normal.
Facilities: Making fairly active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Small.
GENERAL
Samdia Trading Co.
is a sole proprietorship owned by Mr. Sham Kai Ping under the Hong Kong
Business Registration Regulations.
Mr. Sham is a Hong
Kong merchant.
The subject is a
diamond importer, exporter and wholesaler.
It is trading in loose diamonds, emerald, precious stones, ruby jade,
gem stones, semi-precious stones, etc.
Raw materials are imported from India, Belgium, and other European
countries, etc. Rough diamonds are
processed in Hong Kong or China, while finished products are exported to Japan,
other Asian countries, Europe, the Middle East, etc. Overall business is satisfactory.
Mr. Sham has been
engaged in the line of business for over 22 years. Regular clients and suppliers have been maintained.
The subject is an
ordinary and individual member of Diamond Federation of Hong Kong, China Ltd.,
Hong Kong.
The subject is a
small diamond trading firm in Hong Kong.
Consider it good
for normal business engagements.
COURT CASES: None
per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)