MIRA
INFORM REPORT
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Report Date : |
08.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ANGEL DIAMONDS LTD |
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Registered Office : |
Flat 2B 2FL Hon Kwong Mansion - Block B 25-29 Hankow Rd
Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 15, 2003 |
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Com. Reg. No.: |
0865939 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged
in trading wide range of diamonds and jewelry |
RATING & COMMENTS
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MIRAs Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Undetermined
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Name & address
ANGEL DIAMONDS LTD
FLAT 2B 2FL HON KWONG MANSION - BLOCK B 25-29 HANKOW RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852 23021819
FAX: 852 23122118
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 15, 2003
REGISTRATION NO. :
0865939
CHIEF EXECUTIVE :
MR. SEJAL RAJESHKUMAR KANTILAL (CHAIRMAN)
STAFF STRENGTH :
2
CAPITAL :
US$ 1,289
BUSINESS LINE :
TRADER
TURNOVER :
NA (AS OF 31 MARCH, 2005)
EQUITIES :
NA (AS OF 31 MARCH, 2005)
PAYMENT :
NR
RECOMM. CREDIT RANGE :
NO RECOMMENDATION
MARKET CONDITION :
COMPETITIVE
FINANCIAL
CONDITION : FAIR
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE : HKD 7.77780= US$1 AS OF 2007-01-11
*Company
Registration*
===================
(1)License
number : 0865939
Date
issued : 15 October, 2003
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)License
number : 34049559
Issuing
authority : Inland Revenue Dept.
Type of
license : Business
*Capital
Details*
==============
Authorized
capital : HKD 10,000 divided into
10,000 ordinary shares of HKD 1.00/-each, fully paid.
*Reputation*
==========
Due to
the lack of any third party references, We were unable to establish the level
of the firm's reputation within the respective industry.
*Approved
Signatures*
===================
Only Mr.
Rajeshkumar Nareshchandra Kantilal can sign on behalf of the company with seal
affixed.
*Operations
Status*
================
Current
operations of the firm could not be confirmed during the course of the
investigation due to the following reasons :
1. Tried several attempts to call the company
to obtain more information and it has not been successful, since there was NO
one answering the call.
2. The company was not found listed as a
subscriber for local telecom company, hence, no available contact details was
found to confirm its current commercial operation.
3.
Additionally, attempts to find alternate contacts were unsuccessful. These
include:
- Site visit
- Contact and searches with the main local
Telecom supplier for telephone and/or fax lines.
- Checks with the local trade and business
associations.
- Correlation with addresses held by
Company Registry and Inland Revenue Department, Hong Kong
E-mail :
angeldiamonds@hotmail.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Total
number of shareholders : 2
Total
number of ordinary shares : 10,000
Shareholders'
Name No. of Ordinary Shares Amount of Share (HKD) % of Shares
---------------------------
-------------------------------
------------------------------- ---------------
Mr.
Sejal Rajeshkumar Kantilal 9,999 9,999 99.99
Mr. Rajesh Kumar Nareshchandra Kantilal 1 1 0.01
*Director's
Details*
================
Mr.
Rajesh Kumar Nareshchandra Kantilal
Founder : Co-founder
US
Passport No : T260009Z
Address : 5 Tanjong Rhu #18-01, 436882 Singapore
*Corporate
Secretary*
=================
E FAITH
SECRETARIAL SERVICES LTD
Address
: 17Fl Punfet Building, 701 Nathan Rd, Kowloon, Hong Kong.
Tel
no : 23880923
Fax no
: 23880770
Management
: Mr. Rajesh Kumar Nareshchandra
Kantilal, Director
Mr. Sejal Rajeshkumar
Kantilal, General Manager
*Key
Personnel*
=============
Mr.
Sejal Rajeshkumar Kantilal
Founder : Co-founder
India
Passport no : 2-1592365
Address : 5 Tanjong Rhu #18-01,
436882 Singapore
Responsibility
: Handles the overall management of the company.
*Operations
Status*
================
Current
operations of the firm could not be confirmed during the course of the
investigation due to the following reasons :
1. Tried several attempts to call the company
to obtain more information and it has not been successful, since there was NO
one answering the call.
2. The company was not found listed as a
subscriber for local telecom company, hence, no available contact details was
found to confirm its current commercial operation.
3.
Additionally, attempts to find alternate contacts were unsuccessful. These
include:
- Site visit
- Contact and searches with the main local
Telecom supplier for telephone and/or fax lines.
- Checks with the local trade and business
associations.
- Correlation with addresses held by
Company Registry and Inland Revenue Department, Hong Kong
*Main
Products & Services*
======================
Believed
to be engaged in trading wide range of diamonds and jewelry
Products
: Color, gem stones
Diamond
jewellery
Fine
jewellery
Gemstones
Jewellery
*Payment
Terms*
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Sales
------
Local : Cash or Credit
Purchases
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Local : Cash or Credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
=======================
100% of
the annual turnover is attributed to local sales.
*Export
Markets*
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There is
no record of export since the prime focus of the firm's activity is
concentrated on local sales only.
*(Subsidiaries
, Joint-ventures & Affiliates)
================================
Company
Name : UNITED DIAMOND LTD
Global
Identifier : P0841538
Country
: Singapore
Relationship
: Subsidiary
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Giftware & Jewellery
PAYMENT RATING : NR OBTAINED SCORES : 0
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Implication |
Implications |
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1 |
Scores 85100 |
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.
The
company has been unwilling to reveal any details of its business operations and
no other information is available through any public on this company.
In the
absence of any information on this company, We suggests caution is exhibited by
third parties offering credit or trade financing for this company.
Based on the investigations performed, it has
not been possible to prepare a normal credit report on the company. Given the
circumstances, caution is advised related to dealings with persons claiming to
represent such an entity.
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/normal. |
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 |