MIRA
INFORM REPORT
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Report Date : |
26th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
AJAY DIAM |
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Registered Office : |
11/F, Hang Shun Commercial Bldg., 12 Cameron Road, Tsimshatsui, Kowloon., Hong Kong |
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Date of Incorporation : |
15.10.1996 |
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Com. Reg. No.: |
20281759 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Traders of gemstones & diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
NAME
AJAY DIAM
ADDRESS
11/F, HANG SHUN COMMERCIAL BLDG., 12 CAMERON ROAD,
TSIMSHATSUI, KOWLOON., HK.
TEL : 852-23167655
FAX : 852-23167611
EXECUTIVE SUMMARY
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INCORPORATION DATE |
15-10-1996 |
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REGISTRATION NO. |
20281759
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REGISTERED LEGAL FORM |
SOLE
PROPRIETORSHIP |
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CHIEF EXECUTIVE |
AJAY
PREMCHAND GANDHI (SOLE PROPRIETOR) |
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STAFF STRENGTH |
8 |
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AUTHORIZED
CAPITAL |
[IN HK,
UNLIMITED COS. ARE NOT REQUIRED TO FILE ITS CAPITAL PARTICULARS TO BR OFFICE
(THE INLAND REVENUE)] |
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PAID-UP CAPITAL |
NOT
APPLICABLE |
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BUSINESS LINE |
TRADING
OF GEMSTONES & DIAMONDS |
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TURNOVER |
NA (AS OF DEC. 31, 2002) |
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EQUITIES |
NA (AS OF DEC. 31, 2002) |
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PAYMENT |
AVERAGE |
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RECOMM. CREDIT RANGE |
MODERATE AMOUNT |
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MARKET CONDITION |
COMPETITIVE |
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FINANCIAL CONDITION |
STABLE |
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OPERATIONAL TREND |
FAIRLY
STEADY |
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GENERAL REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD
7.76897 = USD1
AS OF 2006-12-21 |
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
SC was established under Business Registration number 20281759 on 15-10-1996 with present status as sole proprietorship.
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
- Ajay Premchand Gandhi / P431121 7-E, Boyip Bldg., 6
Ashley Road,
Tsimshatsui, Kowloon, HK.
Certain material change or amendment regarding SC within the last 4 years has been traced & noted as follows:
Change of business address : SC moved to the heading business address from Blk D-E, 8/F, Cameron Plaza, 23-25A Cameron Road, Tsimshatsui, Kowloon, HK in Sept 2004.
Total number of employees : 8.
Location : Maintaining its office at the heading business address which occupies a gross area of 1,500 square feet at a commercial building in a commercial & shopping district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Standard.
The premises is rented.
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 Hong Kong, unlimited companies are not required to file its charge particulars for public inspection.
Ajay Premchand Gandhi, sole proprietor: He is by Indian nationality. 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 : 55 (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 gemstones & diamonds.
Items available include "nature diamonds" which can be specialized on single cut diamonds & stone setting for watches.
Principal purchases
Major types of sourcing : Merchandise
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : India & Belgium
Buying terms : L/C
Principal market
Local--type of customers : Manufacturers & wholesalers
Selling terms : COD
Overseas--buying countries : PR China, SE Asia & other Asian countries
Selling terms : L/C
SC is not known 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.
Trade payment experience
SC did not provide any name of trade/service suppliers and we have no other sources to conduct the enquiry at present.
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: UCO Bank
Upon a current contact, Ajay Premchand Gandhi, SC's sole proprietor,
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 identity of the inquiring party.
SC is considered small-sized in its line locally with acceptable base to meet its normal dealings. Credit up to moderate amount may be considered.
-- Asset Tracing --
Upon our current investigation, our database & sources consulted indicate that SC was not involved in any property transaction (both purchase & disposal) in Hong Kong for the last 6 years.
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/normal. |
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 |