%20LTD%20%2001-Jan-2007_files/image002.jpg)
MIRA
INFORM REPORT
|
Report Date : |
1st
January, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
ELITE
DIAM (HK) LTD. |
|
|
|
|
Registered Office : |
Unit E 9fl Cameron Plaza 23-25a Cameron
Rd, Tsimshatsui Kowloon, Hong Kong |
|
|
|
|
Country : |
Hong
Kong |
|
|
|
|
Date of Incorporation : |
10.12.2005 |
|
|
|
|
Com. Reg. No.: |
1012951 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged
in trading of diamonds. |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
Company Name & Address
ELITE DIAM (HK) LTD
UNIT E 9FL CAMERON PLAZA 23-25A CAMERON RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852
27399951 FAX: 852 27399950
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 10, 2005
REGISTRATION NO. :
1012951
CHIEF EXECUTIVE :
MR. BAKUL RAMNIKLAL PARIKH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,287
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.77750 = US$1 AS OF 2006-12-30
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
%20LTD%20%2001-Jan-2007_files/image003.gif){kind=small}
*Company
Registration*
===================
(1)
License
number : 1012951
Date
issued : 10 December, 2005
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License
number : 36278516-000
Issuing
authority : Inland Revenue Department
Type of
license : Business
*Corporate
& Organization Structure*
============================
A small
sized company operated and managed by an owner of the firm.
*Reputation*
===========
Due to
the recent incorporation of the firm, and the relatively small nature of it's
business, no meaningful points of reference in terms of reputation within the
respective industry was possible.
%20LTD%20%2001-Jan-2007_files/image004.gif){kind=small}
SC is not known to host website of its own at present.
%20LTD%20%2001-Jan-2007_files/image005.gif){kind=small}
For the
past two years there is no record of litigation.
%20LTD%20%2001-Jan-2007_files/image006.gif){kind=small}
*Major
Shareholders*
=================
Total
number of shareholder : 1
Total
number of ordinary shares : 10,000
Shareholder's Name No. of
ordinary shares Amount of shares
(HKD) % of Shares
--------------------------
-----------------------------
-------------------------------
--------------
Mr. Bakul Ramniklal Parikh 10,000 10,000.00 100.00
*Directors'
Details*
===============
(1)
Mr.
Nimish Mody
Belgium
Passport No. : EE297513
Address : 173 Belgelie Antwerpen 2018 Belgium
(2)
Mr.
Nehalkumar Himatlal Parikh
HKID No. : R439514(9)
Address : 4D Kimberley Mansion 15 Austin Ave
Tsimshatsui Kowloon
*Company
Secretary*
=================
Mr.
Bayani Divino Bautista Ponce
HKID No.
: P293411(A)
Address :
2B King's Court 48-52 Fort St North Point Hong Kong
%20LTD%20%2001-Jan-2007_files/image007.gif){kind=small}
Name Nationality
Job Description
Mr.
Bakul Ramniklal Parikh Indian General Manager
*Key
Personnel*
=============
Mr.
Bakul Ramniklal Parikh
Founder : Sole Founder
Address : Tong Eng Bldg 101 Cecil St
#25-11 Singapore 069533
Work
experience : More than five years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
%20LTD%20%2001-Jan-2007_files/image008.gif){kind=small}
*Main
Products & Services*
======================
Specializes
in trading of diamonds.
Products
: Diamond
*Payment
Terms*
==============
Sales
------
Local : Cash
30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
=======================
50% of
the annual turnover is attributed to local sales.
*Export
Markets*
==============
50% of
the annual turnover is attributed to export worldwide.
%20LTD%20%2001-Jan-2007_files/image009.gif){kind=small}
SC is
not known to have any subsidiary at present.
%20LTD%20%2001-Jan-2007_files/image010.gif){kind=small}
PAYMENT RATING : 4 OBTAINED SCORES : 45
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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.
%20LTD%20%2001-Jan-2007_files/image011.gif){kind=small}
As a
limited company there is no legal requirement according to local corporate law
for public disclosure of detailed financials.
Additionally
as the company was only established one (1) year ago no financials have been
lodged.
%20LTD%20%2001-Jan-2007_files/image012.gif){kind=small}
SC was
considered small-sized in its line with a short operating history. 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 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 7102
Diamonds, worked or not,
not mounted or set
Trading 7102100000
Diamonds, unsorted
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Exporting
to North America
Exporting
to USA
Importing
from Asia
Importing
from Belgium
Importing
from Europe
Importing
from India
Importing
from Thailand
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|