MIRA
INFORM REPORT
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Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KGK DIAMONDS (HK) LTD |
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Registered Office : |
14FL Chevalier House 45-51 Chatham Rd South Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 27, 2000 |
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Com. Reg. No.: |
0735843 |
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Legal Form : |
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Line of Business : |
Trading diamonds of all sizes, clarified and cut for the manufacture
of jewelry. |
RATING &
COMMENTS
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MIRAs 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
KGK DIAMONDS (HK) LTD
14FL CHEVALIER HOUSE 45-51 CHATHAM RD SOUTH TSIMSHATSUI
KOWLOON, HONG KONG
TEL : 852 27239828
FAX : 852 27397584
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 27, 2000
REGISTRATION NO. :
0735843
CHIEF EXECUTIVE :
MR. SANJAY NAVRATTAN KOTHARI (GENERAL MANAGER)
STAFF STRENGTH :
50
CAPITAL :
US$ 3,209,243
BUSINESS LINE :
TRADER
TURNOVER : N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF DEC.
31, 2005)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8133 = US$1 AS OF 2007-4-16
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
*Company Registration*
===================
License number : 0735843
Date issued : 27
October, 2000
Issuing authority : Companies
Registry
Type of license :
Corporate
License number : 31329946-000
Issuing authority : Inland
Revenue Dept.
Type of license :
Business
*Capital Details*
============
Share value : HKD 1.00/-each
Authorized capital : HKD 25,000,000.00
Paid-up capital : HKD
19,250,002.00 divided into 19,250,002 ordinary shares
*Office & Facilities*
===============
Other tel/fax no : 27330729
*Corporate & Organization Structure*
=============================
A small-sized company operated and managed by an experienced team of
professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
==================
Only Mr. Sanjay Navrattan Kothari can sign on behalf of the company with
seal affixed.
Website : www.kgkgroup.com
E-mail : kgkhk@kgkgroup.com
For the past two years there is no record of litigation.
*Ownership*
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Direct / Indirect Corporate Parent Details
Chairman : Mr. Sanjay Navrattan Kothari
Nationality : Indian
Direct Parent : UNITED PACIFIC EXCEL LTD
Country : Virgin Islands (British)
*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares :
19,250,002
Shareholders' name No. of Shares Amount of Shares (HKD) % of Shares
-------------------------- ----------------- ---------------------------------- ---------------
UNITED PACIFIC EXCEL LTD
17,550,000 17,550,000.00 91.17
Mr. Sanjay Navrattan Kothari
1,700,001
1,700,001.00
8.82
Mr. Manju Kothari 1 1.00 0.01
*Director's Details*
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Mr. Manju Kothari
HKID no :
K780446(1)
Address :
Flat B & C 8Fl Robinson Garden Apartment 3 Robinson Rd Central Hong Kong
*Corporate Secretary*
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LOUIS LAI CO SECRETARIAL SERVICES LTD
Management : Mr. Sanjay Navrattan Kothari, General Manager
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Sanjay Navrattan Kothari Indian
General Manager
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*Key Personnel*
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Mr. Sanjay Navrattan Kothari
Founder :
Co-founder
HKID no :
K629324(7)
Address : Flat
B & C 8Fl Robinson Garden Apartment 3 Robinson Rd Central Hong Kong
Work experience : More than
5 years
Responsibilities : Handle
the overall operation of the firm including all financials and legal matters.
*Main Products & Services*
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Specializes in trading diamonds of all sizes, clarified and cut for the
manufacture of jewelry.
Products also includes the following :
- Hanabi ring
- Hanabi pendant
- Rising sun ring
- Brown Diamond's ring
- Brown Diamond pendant
- Onishi pendant
- Fantasy ring
Products : Antique diamond ring
Antique
ring
Bridal ring
Diamonds
Engagement
rings
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
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90% of the annual turnover is attributed to local sales.
*Export Markets*
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10% of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : KGK JEWELLERY (HK) LTD
Country : Hong Kong
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
=========================
Group/Alliance name : KGK GROUP
PAYMENT RATING : 3 OBTAINED SCORES : 58
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Implication |
Implications |
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1 |
Scores 85100 |
Excellent |
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2 |
Scores 75 84 |
Above Average |
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3 |
Scores 50 74 |
Average |
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4 |
Scores 35 49 |
Fair |
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5 |
Scores 15 34 |
Below Average |
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6 |
Scores 01 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered a normally advancing concern with steady customers and good
base to meet its trade engagements.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7103 Precious
& semiprec stones, not strung etc
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Fashion bands
Trading Gemstones
Trading Gradation rings
Trading Pendants
Trading Rings
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Japan
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from India
Importing from Israel
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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This score serves as a reference to assess SCs 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%)