MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
HINI STAR LTD |
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Registered Office : |
Unit 1001-1002, |
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Country : |
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Date of Incorporation : |
08.08.2003 |
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Com. Reg. No.: |
0856743 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of diamonds and fine jewelry. Provides diamond cutting and polishing services. |
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 |
COMPANY NAME &
ADDRESS
HINI STAR LTD
UNIT 1001-1002, 10FL HARBOUR CENTRE - TOWER 2,
TEL:852-27244330
FAX:852- 27216516
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 8, 2003
REGISTRATION NO. :
0856743
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
10
CAPITAL :
US$ 9,974,425
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.82856 = US$1 AS OF 2007-8-6
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 : 0856743
Date issued : 8 August, 2003
Issuing authority : Companies Registry
Legal form : Private Limited Company
Type of license : Corporate
License number : 33862215
Date issued : N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital : HKD 78,000,000.00 divided into 78,000,000 ordinary
shares at HKD 100/-each, fully paid.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Mr. Rameshkumar Bhikhabhai Virani can sign on behalf of the company with
seal affixed.
www.karpgroup.com The design is
professional and the content is well organized. At present it is in English version
E-mail: hini@karpgroup.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 4
Total number of shares
: 78,000,000
Shareholders' Name
No. of Shares Amount of
Shares (HKD) % of Shares
---------------------------- ------------------- ---------------------------------- ----------------
Rasila Ramesh Virani
65,550,000
65,550,000.00
84.04
Rameshkumar Bhikhabhai Virani 11,700,000 11,700,000.00 15.00
Pankajkumar Vitthalbhai Khunt
450,000
450,000.00 0.58
KARP IMPEX HK LTD
300,000
300,000.00
0.38
*Director's Details*
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Rameshkumar Bhikhabhai Virani
National ID no. : P162827(9)
Address : Unit 01-02,
Rasila Ramesh Virani
National ID no. : P172254(2)
Address : Unit 01-02,
Shareholder's Details
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Pankajkumar Vitthalbhai Khunt
Address : Flat D
*Corporate Secretary*
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RC CORPORATE SERVICES LTD
CR number :
467057
Address : Rm 2109
SC declined to release any management background details at present.
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading of diamonds and fine jewelry.
2. Provides diamond cutting and polishing services.
Products:
Diamond cutting
Diamond jewelry
Fine jewelry
Gemstones
Jade
*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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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Exhibition Participation*
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Exhibition fair : Hong Kong
Int'l Jewelry Manufacturers Exhibition
Date attended : 6-9 March, 2000
Location :
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : DIAMOND
TRADING CORP
Address :
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry : Minerals
PAYMENT RATING :3 OBTAINED SCORES : 52
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
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 SMALL 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 small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 3961
Jewelry of materials other
than solid gold, platinum & silver
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7102
Diamonds, worked or not,
not mounted or set
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7116201000
Jewelry of precious or semiprecious
stones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trader Fine jewelry
Trader Loose diamonds
Trader Gemstones
Trader Polished diamonds
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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 SC’s 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%)