MIRA INFORM REPORT

 

 

Report Date :           

04.09.2011

 

IDENTIFICATION DETAILS

 

Name :

TOKWAWAN  TRADING  COMPANY

 

 

Registered Office :

Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

08.08.2011

 

 

Com. Reg. No.:

54096057-000-08

 

 

Legal Form :

Sole Proprietorship.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of gemstones, etc.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New Concern

 

 

Payment Behaviour :

---

 

 

Litigation :

---

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

A2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

TOKWAWAN  TRADING  COMPANY

 

 

COMPANY ADDRESS

 

Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE:                        2366 4478,  2366 4475

FAX:                 2366 4076

 

 

MANAGEMENT

 

Manager:  Mr. Kumar Ashok  (Mobile: 9287 1787)

 

 

SUMMARY

 

Establishment:                          8th August, 2011.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Gemstone Trader.

 

Employees:                   4.  (Including affiliates)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Too early to comment.

Company ADDRESS

 

Head Office:-

Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Companies:-

·         Beauty - Diam, Hong Kong.  (Same address)  [BR No. 20640474]

·         Beauty Diam Co. Ltd., Hong Kong.  (Same address)  [Trading as “Beauty-Diam”, “Kris Diamond”, “Pola Hong Trading Co.”, “River Code Infotech” and “Cheung Lung Trading”]  [All BR No. 51214387]

·         Kris Diamond, Hong Kong.  (Same address)  [BR No. 34187307]

 

 

BUSINESS REGISTRATION NUMBER

 

54096057-000-08

 

 

MANAGEMENT

 

Manager:  Mr. Kumar Ashok

 

 

SOLE PROPRIETOR

 

Name:                           Kumar ASHOK

Residential Address:      VPO-Danta, W. No 23 Sikar Raj, India.

 

 

HISTORY

 

The subject was established on 8th August, 2011 as a sole proprietorship concern owned by Mr. Kumar Ashok under the Hong Kong Business Registration Regulations.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of gemstones, etc.

 

Employees:                   4.  (Including affiliates)

 

Commodities Imported:   Imported from India, other Asian countries, Europe, etc.

 

Markets:                       Hong Kong, other Asian countries, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               Prepayment, L/C, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Too early to comment.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Business commenced in August 2011, Tokwawan Trading Company is a sole proprietorship set up and owned by Mr. Kumar Ashok who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Ashok can be reached at his mobile phone number 9287 1787.

The subject is a diamond and gemstone trader.  Commodities are chiefly imported from Europe, India and other Asian countries.  Hong Kong, Japan and the other Asian countries are its prime markets.  Business still under development.

The subject shares the operating office with the following firms:-

Beauty - Diam

Beauty Diam Co. Ltd.

Kris Diamond

All the firms are registered in Hong Kong.

The subject is just a one-man company.  Business is chiefly handled by Ashok himself.  History in Hong Kong is less than a month.

On the whole, since the history of the subject is short, consider it good for normal business engagements on secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.90

UK Pound

1

Rs.74.31

Euro

1

Rs.65.41

 

 

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

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

----

NB

New Business

----

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.