MIRA
INFORM REPORT
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Report Date : |
27.10.2008 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL TREND INT'L MFG LTD |
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Registered Office : |
5 Fl Harbour Centre - Tower 2, |
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Country : |
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Date of Incorporation : |
04.06.2004 |
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Com. Reg. No.: |
904692 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local |
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
GLOBAL TREND INT'L
MFG LTD
5FL HARBOUR CENTRE - TOWER 2,
1-8 HOK CHEUNG ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-35508300 FAX: 852-35508400
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 4, 2004
REGISTRATION NO. :
904692
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BHUPENDRA JIVRAJBHAI SURANI (CHAIRMAN)
STAFF STRENGTH :
20
CAPITAL :
US$ 640,205
BUSINESS LINE : MANUFACTURER & TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.80197 = 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
*Company Registration*
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(1)
License number : 904692
Date issued : 4 June,
2004
Issuing authority :
Companies Registry
Type of license : Corporate
(2)
License number : 34623020-000
Issuing authority : Business Registration
Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
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Previous Contact Details
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Address : Rm 1105-1108 Hilder
Centre 2 Sung Ping St Hunghom Kowloon
Tel no. : 27662618
*Capital Details*
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Authorized capital: HKD 5,000,000.00 divided into 5,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Approved Signatures*
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Only DSC (CORPORATE SERVICES) LTD can sign on behalf of the company with
seal affixed.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 5,000,000
Shareholders Country Number Amount (HKD) %
J B COLLECTION (HK) LTD Hong
Kong 3,500,000.00 3,500,000.00 70.00
Mr. Po-ting Yan China 1,500,000.00 1,500,000.00 30.00
*Company Secretary*
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DSC (CORPORATE SERVICES) LTD
CR no. : 535845
Address : Rm 1910-1913 Hutchison House 10 Harcourt Rd Central Hong
Kong
*COMPANY DIRECTORS*
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1
Name : Mr. Bhupendra Jivrajbhai Surani
Nationality : Hong Kong
ID/Passport No. : P404971(7)
Registered Address : 31 King's Park Hill Rd
Country of Residence : Hong Kong
2
Name : Mr. Po-ting Yan
Nationality : China
ID/Passport No. : 200622029
Registered Address : Unit J2, 11Fl Kaiser Estate Phase 2, 51 Man Yue St,
Hunghom, Kowloon
Country of Residence : Hong Kong
3
Name : Mr. Prakashchandra Bakulesh Pandit
Nationality : Hong Kong
ID/Passport No. : R308706(8)
Registered Address : 128-A 18Fl Broadway Mei Foo Sun Chuen
Country of Residence : Hong Kong
4
Name : Mr. Vinu Virjibhai Kukadia
Nationality : Hong Kong
ID/Passport No. : R405671(9)
Registered Address : Flat B 31Fl Park Place - Block 9, 18 Wylie Rd
Country of Residence : Hong Kong
*Main Products & Services*
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Specializes in local sale and exporting of a wide range of jewelry.
Products: Jewelry
Jewelry, precious
stone
*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
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a development history of 4
years.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3961 Jewelry
of materials other than solid gold, platinum & silver
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.77 |
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UK Pound |
1 |
Rs.79.78 |
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Euro |
1 |
Rs.63.36 |
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%)