MIRA
INFORM REPORT
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Report Date : |
28.08.2007 |
IDENTIFICATION DETAILS
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Name : |
AJAY
DIAM LTD |
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Registered Office : |
11Fl
Hang Shun Commercial Bldg |
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Country : |
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Date of Incorporation : |
27.10. 2004 |
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Com. Reg. No.: |
0930040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in trading diamonds and gold watches. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NAME & ADDRESS
AJAY
DIAM LTD
11FL
HANG SHUN COMMERCIAL BLDG 12 CAMERON RD TSIMSHATSUI
TEL: 852 23167655
FAX: 852 23167611
EXECUTIVE SUMMARY
INCORPORATION DATE : OCTOBER 27, 2004
REGISTRATION NO. :
0930040
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. AJAY PREMCHAND GANDHI (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.78650= US$1 AS OF 2006-10-23
*Company Registration*
===================
(1) License number : 0930040
Date issued : 27 October, 2004
Issuing authority : Companies Registry
Type of license : Corporate
(2) License number : 20281759-000
Issuing authority : Inland
Revenue Dept.
Type of license : Business
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 1.00 divided into 1ordinary share
*Registered Office*
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Although the company is operating its main business from the address
listed above, the actual business license is legally registered at:
Address : Rm 9, 16Fl
*Office & Facilities*
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Previous Contact Details
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Address : 8Fl
Tel No. : 23675960
*Corporate & Organization Structure*
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A small company operated and managed by the owner.
*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.
Website: www.ajaydiam.com The
design is professional and the content is well organized. At present it is in
English version.
E-mail: gandhi@ajadiam.com
For the past two
years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder :
1
Total number of ordinary share : 1
Shareholder's
Name No of ordinary
Share Amount of Share (HKD) % of Shares
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Mr. Ajay Premchand
Gandhi 1
1.00 100.00
*Company Secretary*
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SME SECRETARIAL SERVICES LTD
CR no : 798380
Address : Rm 305 Carpo Commercial Bldg 18-20
Name Nationality
Job Description Dept. / Division
Mr. Ajay Premchand Gandhi Indian
General Manager -
Ms. Rachel Cheng
*Key Personnel*
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(1) Mr. Ajay Premchand Gandhi
Founder : Sole Founder
National ID No : P832050(4)
Resident status :
Address : Rm 9, 16Fl
New Territories
Email : gandhi@ajadiam.com
Responsibilites : Handles the overall operations of
the company.
(2) Ms. Rachel Cheng
Email :
sales@ajaydiamltd.com
Products : Diamond
Gold watches
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Purchases
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Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)Import
*Detailed Product Specifications*
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Specializes in trading diamonds and gold watches.
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export worldwide.
SC is not known to
have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 40
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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 a short history.
ATTACHED:
TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 9100 Clocks
& watches & parts thereof
Trading 9114200000 Clock
or watch jewels
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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. |
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%)