MIRA
INFORM REPORT
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Report Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
DIAMOND STAR CO |
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Registered Office : |
Rm 1604-05, 16fl Rise Commercial Centre
5-11 Granville Circuit Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.11.1988 |
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Com. Reg. No.: |
12273621 |
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Legal Form : |
Partnership |
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Line of Business : |
Specializes
in trading diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
DIAMOND STAR CO
address
RM 1604-05, 16FL RISE COMMERCIAL CENTRE 5-11 GRANVILLE CIRCUIT
TSIMSHATSUI KOWLOON HONG KONG,
TEL: 852-27240031
FAX: 852-28349744
EXECUTIVE SUMMARY
INCORPORATION
DATE : NOVEMBER 4, 1988
REGISTRATION
NO. : 12273621
LEGAL
FORM :
PARTNERSHIP
CHIEF
EXECUTIVE : MR.
NARENDRA KIRTILAL GANDHI (CHAIRMAN)
STAFF
STRENGTH : 3
CAPITAL : US$ 1,287
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : MODERATE AMOUNT
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD 7.79588 =
US$1 AS OF 2007-1-9
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*
===================
License
number : 12273621
Date
issued : 4 November, 1988
Issuing
authority : Inland Revenue Department
Type of
license : Business
*Corporate
& Organization Structure*
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A small
sized company operated and managed by an experienced team of professionals.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
E-mail: narendra.gandhi@diamondstarco.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
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Partners'
Name
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Ms. Bina
Narendra Gandhi
Mr.
Narendra Kirtilal Gandhi
Management:
Mr. Narendra Kirtilal Gandhi, Partner
Ms.
Bina Narendra Gandhi, Partner
Name Nationality
Job Description
Mr.
Narendra Kirtilal Gandhi Indian Partner
Ms. Bina
Narendra Gandhi Indian Partner
*Key
Personnel*
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(1)
Mr.
Narendra Kirtilal Gandhi
Founder : Co-founder
HKID
No. : P1437732
Address : 13Fl Block B 475-481
Hennesy Rd Causeway Bay Hong Kong
Date of
Appointment : 04 November, 1988
Work
Experience : More than 15 years
Responsibilities : Handles the daily operation of
the firm including all financial and legal matters.
(2)
Ms. Bina
Narendra Gandhi
HKID
No. : P2676900
Address : 58-A 2Fl Fortuna
House 58-60 Grandville Rd Tsimshatsui Kowloon Hong Kong
Date of
Appointment : 01 April, 2006
*Main
Products & Services*
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Specializes
in trading diamonds.
Products:
Diamonds
*Payment
Terms*
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Sales
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Local : Cash
30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Local
Distribution Network*
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50% of
the annual turnover is attributed to local sales.
*Export
Markets*
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50% 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
MODERATE amounts depending on individual judgement experience.
As a
partnership company there is no legal requirement according to local corporate
law for public disclosure of detailed financials.
Over the
past 19 years, SC has made a stable growth with satisfactory profit. Credit
dealings with SC in moderate amount can be considered.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3911
Jewelry, of precious metal
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
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Europe
Importing
from Asia
Importing
from Belgium
Importing
from Europe
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/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 |
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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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