MIRA
INFORM REPORT
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Report Date : |
4th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
GEM DIAM |
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Registered Office : |
Rm 703, 7/F, Taurus Bldg., 21a-B Granville Road, Tsimshatsui, Kowloon, Hong Kong. |
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Country : |
Hong Kong. |
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Date of Incorporation : |
15-12-2003 |
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Com. Reg. No.: |
34140599 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Engaged in import & export of diamond &
jewellery products |
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/normal. |
Small |
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Status : |
Moderate
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
GEM DIAM
RM 703, 7/F, TAURUS BLDG., 21A-B GRANVILLE ROAD,
TSIMSHATSUI, KOWLOON, HONG KONG.
TEL: 852 31738255
FAX: 852 27238330
EXECUTIVE SUMMARY
INCORPORATION DATE : 15-12-2003
REGISTRATION NO. : 34140599
REGISTERED LEGAL FORM : SOLE
PROPRIETORSHIP
CHIEF EXECUTIVE : DALAVI LAXMAN DATTARAM (SOLE PROPRIETOR)
STAFF STRENGTH :
4 (WITH ITS ASSOCIATED CO.).
AUTHORIZED
CAPITAL : [IN HONG KONG, 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 DIAMOND & JEWELLERY PRODUCTS
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78729 = USD1 AS OF 2006-09-26
SC was established under Business Registration
number 34140599 on 15-12-2003 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
- Dalavi Laxman Dattaram / ZZ5231352 Anjani
Khed-Ratnagiri-M.S., India.
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
Dalavi Laxman Dattaram 4-7-2006
Name(s) of retired
partner(s) Leaving
date
Patel Dineshkumar G.B. 4-7-2006
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.
Dalavi Laxman Dattaram, sole proprietor:
- In his 40's
- He is by Indian nationality
Currently residing in India & only visits Hong
Kong for business occasionally.
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
Patel Bharatkumar J, manager:
- In his 40's
- He is by Indian nationality
- Also currently partner of Abee Impex, SC's
affiliate (mobile phone no.: 852-81045009).
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 import & export of diamond
& jewellery products.
Items available include diamond (such as pearl,
sapphire, ruby, etc.) & jewellery products (such as earrings, necklaces,
pendants, bangles & other jewellery fines & settings).
Principal purchases :
Major types of sourcing :
Diamonds & jewellery products
Local--type of suppliers :
Nil
Buying terms :
Nil
Overseas--supplying countries :
India (major), S. Africa, SE Asia & Europe
Buying terms :
L/C & T/T
Principal market :
Local--type of customers : Nil
Selling terms :
Nil
Overseas--buying countries : PR
China & SE Asia
Selling terms :
L/C & T/T
Total number of
employees : 4 (with its
associated co.).
Location : Maintaining its office at the heading business
address which occupies a gross area of 2,000 square feet at a commercial
building in a commercial district.
Condition inside
the premises during our visit : Normal.
Office/factory
layout : Standard.
The premises is rented.
Jointly occupying the premises with the below
mentioned associated co.
Associated co.
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Company name: Abee Impex
Year established: 1991
Business nature: Similar to SC
Address: Same as the heading business address
Turnover: NA
Civil litigation: None in our database
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
- Antwerpse Diamantbank N.V.
Upon a current contact, Mr. Patel, SC's manager,
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 small sized in its line with a comparatively
limited track record in its performance.
Credit should be confined into small amount at present.
-- 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 |
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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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