MIRA
INFORM REPORT
|
Report Date : |
7th
June 2006 |
IDENTIFICATION
DETAILS
|
Name : |
FAMIE
DIAM |
|
|
|
|
Registered Office : |
Flat B, 6/F, Kimley Bldg.,1-3 Kimberley St., Tsimshatsui, Kowloon,, Hong Kong |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
17-9-2005 |
|
|
|
|
Com. Reg. No.: |
36022820 |
|
|
|
|
Legal Form : |
Partnership |
|
|
|
|
Line of Business : |
Engaged in trading of diamond & gemstones. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New
Concern |
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
NAME & ADDRESS
FAMIE DIAM
FLAT B, 6/F, KIMLEY BLDG.,1-3 KIMBERLEY ST.,
TSIMSHATSUI, KOWLOON,, HONG KONG.
TEL: 852 65000533
FAX: 852 23695558
EXECUTIVE SUMMARY
INCORPORATION
DATE :
17-9-2005
REGISTRATION
NO. :
36022820
REGISTERED
LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : BODRA
PARESH JERAMBHAI (PARTNER)
STAFF
STRENGTH : 2
AUTHORIZED CAPITAL : [IN HK, UNLIMITED COS. ARE NOT REQUIRED TO FILE ITS
CAPITAL PARTICULARS TO BR OFFICE (THE INLAND
REVENUE)]
PAID-UP CAPITAL : NOT APPLICABLE
BUSINESS
LINE :
TRADING OF DIAMOND & GEMSTONES
TURNOVER : N/A(AS
OF DEC.31, 2004)
EQUITIES : N/A(AS
OF DEC.31, 2004)
PAYMENT :
AVERAGE
RECOMM. CREDIT
RANGE : SMALL AMOUNT
MARKET
CONDITION :
COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : ORDINARY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.76030
= USD1 AS OF 2006-06-07
SC was established under Business Registration
number 36022820 on 17-9-2005 with present status as partnership.
Currently obtained BR copy indicate the particulars
of SC's principal(s) are as follows:
Name(s) of
principal(s) & ID/Passport number(s) Registered address
- Bodra Paresh Jerambhai / B3520819 Same as
heading business address
- Bodara Ravikumar Bhagvanbhai --
ditto --
/ ZZ4968785
Certain material change or amendment regarding SC
within the last 4 years has been traced & noted as follows:
Change in principal(s):
Name(s) of
admitted partner(s) Joining
date
Bodara Ravikumar Bhagvanbhai 31-10-2005
Name(s) of retired
partner(s) Leaving
date
Nil Nil
Total number of
employees : 2.
Location : Maintaining its office at the heading business
address which occupies a gross area of 450 square feet at a residential
building in a commercial & shopping district.
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
The premises is rented.
Property ownership : Current land search indicates
the ownership details of the captioned premises as follows:
- Owner(s) : Golden Sunflower Industries Ltd.
- Date of purchase & consideration : 8-7-1997 /
HKD 2.13M
- Date of mortgage & secured amount : NA
- Mortgagee : NA
Note: Our
reporter visited the heading business address on 5-6-2006 & reported that
no company name was seen on display.
SC is not a current registered user of any fixed
line telephone services providers in HK.
This section will contain the civil litigations
& winding-up petitions filed against SC for the last 6 years (as stored in
our database), and the mortgage/charge filed by SC for the last 2 years. In Hong Kong, creation of such
mortgages/charges by an unlimited co is not required to be registered in the
public records.
Civil
litigation/winding-up petitions : None in our database.
Mortgage/charge
record(s) : In HK,
unlimited companies are not required to file its charge particulars for public
inspection.
Bodra Paresh Jerambhai, partner:
- In his mid 30's
- He is by Indian nationality
- Embarked upon his career to present field as a
junior salesman in his late teens
Currently active in SC's day-to-day operations
& is responsible for its management.
Credit
history check : This refers to a check
of our database whether the said person has been
involved
in any of the following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Bodara Ravikumar Bhagvanbhai, partner:
- In his early 30's
- He is by Indian nationality
- His mobile phone no. is 852-65000633
Currently active in SC's day-to-day operations
& is responsible for its management.
Credit
history check : This refers to a check
of our database whether the said person has been
involved
in any of the following records stored by us within the last 6 years:
Civil litigation
as defendants : None in our database
Bankruptcy/winding-up
petitions : None in our database
Delinquent payment
records : None in our database
Debt collection records : No overdue amount owed by the said person was
placed to us for collection
Ownership background appraisal:
Rating : 3 Obtained scores : 48 (see explanatory notes below)
Keys : 1 : scores 81-100 : Excellent
2 : scores
61-80 : Good
3 : scores
46-60 : Average
4 : scores
21-45 : Fair
5 : scores
01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history &
trade reputation, business experience & track record, market connection and
management skill.
Business categories :
SC is engaged in trading of diamond &
gemstones.
Items available include cut & raw diamond, ruby
& jade.
Principal purchases :
Major types of sourcing :
Precious stones
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
PR China & Europe
Buying terms :
T/T
Principal market :
Local--type of customers :
Jewellery manufacturers
Selling terms :
COD
Overseas--buying countries :
India (mainly)
Selling terms :
T/T
SC is
not known to have any subsidiary at present.
Overall payment
appraisal :
( )
Excellent ( ) Good
(X) Average ( ) Fair
( ) Poor (
) Not yet determined
The appraisal serves as a reference to reveal SC's
payments habits and ability to pay. It
is based on the 3 weighed factors:
Trade payment experience (through current enquiry with SC's suppliers),
our delinquent payment records and our debt collection record concerning SC.
Delinquent payment record : None
in our database.
Debt collection record : No
overdue amount owed by SC was placed to us for collection within the last 6
years.
Banking relations are maintained principally with:
Bank of India
Upon a current contact, Bodara Ravikumar
Bhagvanbhai, SC's partner, declined forwarding any financial information on the
ground that it is the company's policy not releasing any data to a third party
without the benefit of knowing the identity of the inquiring party.
SC is still in early stage of development with a
comparatively limited track record in its performance. Credit should be confined to small amount at
present.
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/normal. |
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 |