MIRA
INFORM REPORT
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Report Date : |
30th
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
AMY DIAM |
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Registered Office : |
Rm A3, Blk A, 5/F, Burlington House, 90-94c Nathan Road, Tsimshatsui, Kowloon,
Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
21-2-1990 |
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Com. Reg. No.: |
13390494 |
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Legal Form : |
Partnership |
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Line of Business : |
Import & export of precious &
semi-precious stones |
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 & ADDRESS
AMY DIAM
RM A3, BLK A, 5/F, BURLINGTON HOUSE,
90-94C NATHAN ROAD, TSIMSHATSUI, KOWLOON, HONG KONG.
TEL: 852 23677700
FAX: 852 23677779
EXECUTIVE SUMMARY
INCORPORATION DATE : 21-2-1990
REGISTRATION NO. : 13390494
REGISTERED LEGAL FORM : PARTNERSHIP
CHIEF EXECUTIVE : SHAH GIRISHKUMAR GIRDHARLAL (PARTNER)
STAFF STRENGTH : 4
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 : IMPORT & EXPORT OF PRECIOUS & SEMI-PRECIOUS STONES
TURNOVER :
N/A (AS OF DEC. 31, 2004)
EQUITIES :
N/A (AS OF DEC. 31, 2004)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : MODERATE AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.75835 = USD1 AS OF 2006-05-30
SC was established under Business Registration number 13390494 on 21-2-1990 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
- Shah Girishkumar Girdharlal Flat C, 4/F, 16 Cameron Road,
/ K911666(4) Tsimshatsui, Kowloon, HK.
- Shah Heena Girish Flat J, 12/F, Windsor Mansion,
/ P044496(4) 17 Austin Ave.,
Tsimshatsui, Kowloon, HK.
Change of business address : SC moved to the heading business address from Rm 1202, 12/F, Chevalier House, 45-51 Chatham Road, Tsimshatsui, Kowloon, HK in Oct. 2004*.
* Also your given address
Total number of employees : 4.
Location : Maintaining its office at the heading business address which occupies a gross area of 850 square feet at a commercial building in a commercial & shopping district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Standard.
Property ownership : Current land search indicates the ownership details of the captioned premises as follows:
- Owner(s) : Shah Girishkumar Girdharlal & Shah Heena Girish
- Date of purchase & consideration : 7-7-2004 / HKD 1.8M
- Date of mortgage & secured amount : 31-7-2004 / ANS
- Mortgagee : GE Capital (Hong Kong) Ltd.
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.
Shah Girishkumar Girdharlal, partner:
- In his early 50's & married
- He is by Indian nationality
- Moved to HK from India in his mid 20's
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 X
South Africa
Shah Heena Girish, partner:
- In his mid 30's & married
- He is by Indian nationality
Currently active in SC's day-to-day operations & is responsible for its management.
Registered residential address: As stated above.
Property ownership: Current land search indicates the said premises ownership as follows:
- Owner(s) : Shah Girishkumar Girdharlal
- Date of purchase & consideration : NA
- Date of mortgage & secured amount : 7-9-2001 / ANS
- Mortgagee : Antwerpse Diamantbank NV
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 : 60 (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 import & export of precious & semi-precious stones.
Items available include agate, topaze, ruby, sapphire, diamond & other semi-precious stones.
Principal purchases :
Major types of sourcing : Precious & semi-precious stones
Local--type of suppliers : Nil
Buying terms : Nil
Overseas--supplying countries : India, South Africa & SE Asia
Buying terms : L/C & T/T
Principal market :
Local--type of customers : Wholesalers, retailers, exporters & distributors
Selling terms : Special agreed terms
Overseas--buying countries : PR China & Africa
Selling terms : L/C & 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:
- HSBC
- Bank of India
Upon a current contact, SC's principal(s) declined forwarding any
financial information on the ground that SC is a private venture whose data is
not required for public inspection.
SC is considered a normally advancing concern with steady customers and good base to meet its trade engagements. Credit in the range of moderate amount can be considered.
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 |