MIRA
INFORM REPORT
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Report Date : |
25.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
ASIA DIAM (HK) LTD |
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Registered Office : |
Rm 1702, 17FL Far East Consortium Bldg, 113-125 Des Voeux
Rd Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 16, 2006 |
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Com. Reg. No.: |
1030798 |
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Legal Form : |
Private |
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Line of Business : |
Import and local purchase of wide range of jewelry and related
products. Sales of purchased products to local market and export market. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
ASIA DIAM (HK) LTD
RM 1702, 17FL FAR EAST CONSORTIUM BLDG
113-125 DES VOEUX RD CENTRAL, HONG KONG.
TEL: N/A
FAX: 852-28542901
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 16, 2006
REGISTRATION NO. :
1030798
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
15
CAPITAL :
US$ 12,837
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80338 = US$1
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*
==================
(1)
License number : 1030798
Date issued : 16 March,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36674594-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Authorized capital: HKD 100,000.00 divided into 100,000 ordinary shares
at HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: asiadiam99@hotmail.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 shares :
100,000
Shareholder's Name
No of Shares Amount of Shares
(HKD) % of Shares
-------------------------- ----------------- -------------------------------- ------------
JANAM DIAMONDS PVT LTD
100,000
100,000.00
100.00
Share transfer :
Date No. of
Shares Transferor(s) Transferee(s)
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----------------- ------------------- -------------------
25 April, 2006
1 HANDBOND LTD JANAM DIAMONDS PVT LTD
*Directors' Details*
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(1)
Jay Mahendra Parikh
Passport number : E5275205
Address : Tahnee
Heights Petit Hall 184 Nepeansea Rd Mumbai (Bombay) Maharashtra 400006 India
(2)
Jigar Shailesh Shah
Passport number : F7772034
Address : 8-A
Abhilash Bldg 46 AK Marg Mumbai (Bombay) Maharashtra 400063 India
Mobile number : 63332573
*Company Secretary*
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MAGNAM INVESTMENTS LTD
Address : Rm 1601 16 Fl Sing
Pao Bldg 101 King's Rd North Point Hong Kong
CR number : 292848
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of jewelry and related
products.
2. Sales of purchased products to local market and export market.
Products: Diamond
Fashion
jewelry
Jewelry
*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)
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 3 OBTAINED SCORES :
53
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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 was established in 2006, and its credit has not been established yet.
Credit dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3961 Jewelry
of materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to France
Exporting to Israel
Exporting to Japan
Exporting to Oceania
Exporting to Switzerland
Exporting to USA
Importing from Asia
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%)