MIRA
INFORM REPORT
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Report Date : |
26.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
GOLDIAM HK LTD |
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Registered Office : |
Unit 903 9FL Houston Centre 63 Mody Rd, Tsimshatsui East
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
April 14, 2005 |
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Com. Reg. No.: |
0963206 |
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Legal Form : |
Private |
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Line of Business : |
Trading a wide range of jewelry. Sales and distribution of products to local and international 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
GOLDIAM HK LTD
UNIT 903 9FL HOUSTON CENTRE 63 MODY RD
TSIMSHATSUI EAST KOWLOON, HONG KONG
TEL : 852-23686228
FAX : 852-23686234
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 14, 2005
REGISTRATION NO. :
0963206
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
5
CAPITAL :
US$ 1,026,958
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.75332 = 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 : 0963206
Date issued : 14 April,
2005
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company
(2)
License number : 35535202-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details
============
Nominal capital : HKD 8,000,000.00 divided into 8,000,000 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.
*Approved Signature*
==================
Mr. Rasesh Manharkumar Bhansali
can sign on behalf of the company with seal affixed.
www.goldiam.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: tyip@goldiamhk.com
For the past two years there is no record of litigation.
*Major Shareholders*
==================
Total number of shareholders :
5
Total number of ordinary shares
: 8,000,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) %
of Shares
-------------------------- ------------------------------ ---------------------------------- ----------------
GOLDIAM INT'L LTD 4,022,000 4,022,000.00 50.27
SUNSHINE CORP 2,262,000 2,262,000.00 28.27
Tsang-kit Cheng 780,000 780,000.00 9.75
Nehal Milan Mehta 780,000 780,000.00 9.75
Harshad Vora Kunal 156,000 156,000.00 1.96
*Directors' Details*
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(1)
Manharkumar Ratilal Bhansali
India passport no. : E9601260
Address : 1001
Shree Ramakrishna Sadan 63 Sir Pochkhanwala Rd Worli Mumbai (Bombay)
Maharashtra 400025 India
(2)
Milan Ratilal Mehta
India passport no. : F3426172
Address :
1106 Prasad Chambers Opera House Mumbai (Bombay) Maharashtra 400004 India
(3)
Nehal Milan Mehta
India passport no. : F4296252
Responsibility :
Handles the overall management of the company.
Address : 1106
Prasad Chambers Opera House Mumbai (Bombay) Maharashtra 400004 India
(4)
Rasesh Manharkumar Bhansali
India passport no. : Z113005
Address : 1001
Shree Ramakrishna Sadan 63 Sir Pochkhanwala Rd Worli Mumbai (Bombay)
Maharashtra 400025 India
Other Position :
Managing Director of GOLDIAM INT'L LTD in India.
*Company Secretary*
=================
TECHEARN NOMINEES LTD
Address : 21Fl Skyline Commercial
Centre 71 Wing Lok St Sheung Wan Hong Kong
CR number : 348994
SC management background details are not available at present.
*Main Products & Services*
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Specializes in the following areas of work:
1. Trading a wide range of jewelry.
2. Sales and distribution of products to local and international
market.
Products: Diamonds
Jewelry
Platinum jewelry
set
Precious
stones
Semi precious stones
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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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*
==============================
Maintain affiliated factories in India and China.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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 is considered medium-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
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 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 7116204050 Articles
of precious or semiprecious stones, not jewelry
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Japan
Exporting to Middle East
Exporting to North America
Exporting to USA
Importing from Asia
Importing from China
Importing from India
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%)