MIRA
INFORM REPORT
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Report Date : |
12.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SOHAM DIAM |
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Registered Office : |
Room 701, Hart Avenue Plaza, 1-3 Hart
Avenue, Tsim Sha Tsui, Kln |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.9.1993 |
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Com. Reg. No.: |
17375442 |
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Legal Form : |
Partnership |
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Line of Business : |
Trading of Diamond, Gemstones and jewellery |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Undetermined |
name and address of
the company
SOHAM
DIAM
ROOM 701, HART AVENUE PLAZA, 1-3 HART
AVENUE,
TSIM SHA TSUI, KLN., HONG KONG.
TEL: 852 27231243 (AS REGISTERED)
FAX: 852 27226684
Narrative report:
This refers to a type of report whose format is different from that of a
standard report. Such type of report is provided when:
l
Information obtained is insufficient for compiling a standard report.
l
The enquired co has been out of business or its business address has
been untraceable.
It should be noted that the time and manpower spent on preparing such
type of report might be greater than those on a standard report. On many
occasions, the information in this type of report still indicates the current
status of the enquired co. and serves as a useful reference to assess its
credit standing.
SC was established under Business Registration no. 17375442 on 21-9-1993
with present status as partnership.
Currently obtained BR copy indicates the particulars of SC's
principal(s) as follows:
Name(s) & ID / Passport No. Registered
address
Dhamelia Bhupatbhai Manjibhai Flat
B3, 11/F., Part Mansion, Prat
/ G114365 Tsim
Sha Tsui, Kln., Hong Kong.
Akshay Chandrakant Jhaveri / Flat
F, 4/F., Pacific Bldg., 67 Kimberly
NA Road,
Tsim Sha Tsui, Kln., Hong Kong.
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 records filed by SC for the last 2 years. In Hong Kong,
creation of such mortgage/charges by an unlimited co is not required to be
registered in the public records.
Civil litigation/winding-up
petitions: None in our database.
Dhamelia Bhupatbhai Manjibhai, partner:
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
Akshay Chandrakant Jhaveri, partner:
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
As per SC's Business Registration copy currently obtained, the nature of
business is described as trading of diamond, gemstones and jewellery.
SC is not known to have any subsidiary at present.
A visit to the premises at the heading business address by our field
reporter revealed the following:
The address is a commercial premise outside of which the following co.
names were seen on display:
- Dharam Creations (HK) Ltd.
The gross area of the premises is estimated at 400 square feet.
Condition inside the premises during our visit: Normal
Office/factory outlay: Standard
A male who identified himself as SC's staff member was contacted there.
He advised that only SC's principal(s) could handle outside parties' business
enquiries on SC. SC's principal(s) were not in office by that time.
He had promised to pass our message & deliver our brochure &
questionnaire to SC's principal(s).
However, we have not yet received any reply.
Our current inquiry reveals that a commercial telephone line (number
852-27231243) is registered under the name of SC.
Upon our contact with SC (852-27231243), we managed to contact with Mr.
Vijay, SC's manager. He provided the following information:
-SC still maintains its operating office at the heading address although
its co. name is not on display there.
-SC is engaged in import and distribution of diamond.
-Sales made to local jewellery manufacturers on COD and credit of 120
days.
-Merchandise sourced from India on L/C, D/P and credit of 30-60 days.
-SC's principals have planned to relocate SC to a new location in about
2 to 3 months whilst the new location and the removal date are not available.
-Rm. 1701, 17/F of the same building is occupied by SC's affiliate,
Dharam Creations (HK) Ltd.
In view of SC's style of operations and insufficient information, we
have no base to formulate our credit opinion on SC.
Note: Co. search of Sundiam (HK) Ltd (the occupant of the heading
address)
Pls note that none of its shareholders are shareholders or directors of
SC.
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%)