MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
AJAY DIAM LTD |
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Registered Office : |
11Fl Hang Shun Commercial Bldg 12 Cameron Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 27, 2004 |
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Com. Reg. No.: |
0930040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in trading diamonds and gold watches. |
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/normal. |
Small |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
NAME & ADDRESS
AJAY DIAM LTD
11FL HANG SHUN COMMERCIAL BLDG 12 CAMERON RD TSIMSHATSUI
KOWLOON, HONG KONG
TEL: 852 23167655
FAX: 852 23167611
EXECUTIVE SUMMARY
INCORPORATION DATE : OCTOBER 27, 2004
REGISTRATION NO. : 0930040
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE : MR. AJAY PREMCHAND GANDHI (CHAIRMAN)
STAFF STRENGTH : 8
CAPITAL :
US$ 1,284
BUSINESS LINE : TRADER
TURNOVER :
NA (AS OF DEC. 31, 2005)
EQUITIES :
NA (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO USD 3,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHNAGE RATE : HKD 7.78650= US$1 AS OF 2006-10-23
*Company Registration*
===================
(1) License number
: 0930040
Date issued : 27
October, 2004
Issuing authority
:
Companies Registry
Type of license
: Corporate
(2) License number : 20281759-000
Issuing authority
: Inland Revenue Dept.
Type of license
: Business
*Capital Details*
============
Share value : HKD
1.00/-each
Authorized capital : HKD 10,000.00
Paid-up capital : HKD 1.00
divided into 1ordinary share
*Registered Office*
==============
Although the company is operating its main business
from the address listed above, the actual business license is legally
registered at:
Address :
Rm 9, 16Fl Gold Way Industrial Bldg - Block B 16-20 Wing Kin Rd Kwai Chung New
Territories Hong Kong
*Office & Facilities*
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Previous Contact Details
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Address : 8Fl Cameron Plaza - Block E 23-25a Cameron Rd
Tsimshatsui Kowloon
Tel No. : 23675960
*Corporate & Organization Structure*
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A small company operated and managed by the owner.
*Reputation*
==========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
Website:
www.ajaydiam.com The design is professional and the content is well organized. At
present it is in English version.
E-mail: gandhi@ajadiam.com
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder : 1
Total number of ordinary share : 1
Shareholder's
Name No of ordinary Share Amount of Share (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- --------------
Mr. Ajay
Premchand Gandhi
1
1.00
100.00
*Company Secretary*
=================
SME SECRETARIAL SERVICES LTD
CR no :
798380
Address : Rm 305 Carpo Commercial Bldg 18-20
Lyndhurst Terrace, Central Hong Kong
Name Nationality
Job Description Dept. / Division
Mr. Ajay Premchand Gandhi Indian General
Manager -
Ms. Rachel Cheng Hong
Kong Personnel Assistant -
*Key Personnel*
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(1) Mr. Ajay Premchand Gandhi
Founder : Sole Founder
National ID No
: P832050(4)
Resident status
: Hong Kong
Address
: Rm 9, 16Fl Gold Way Industrial Bldg - Block B 16-20 Wing
Kin Rd Kwai Chung
New Territories
Email : gandhi@ajadiam.com
Responsibilites
: Handles the overall
operations of the company.
(2) Ms. Rachel Cheng
Email
:
sales@ajaydiamltd.com
Products : Diamond
Gold watches
*Payment Terms*
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Sales
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Local :
Cash or credit
Export :
Letter of Credit (L/C)
Document against Acceptance (D/A)
Purchases
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Import :
Letter of Credit (L/C)
Document against Acceptance (D/A)Import
*Detailed Product Specifications*
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Specializes in trading diamonds and gold
watches.
*Local Distribution Network*
=======================
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
worldwide.
SC is
not known to have any subsidiary at present.
PAYMENT RATING :
4 OBTAINED SCORES : 40
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Rating
Key |
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 small-sized in its line with a short history. It
is considered a credit line up to USD3,000 appears to be within SC’s
capacities.
ATTACHED:
TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Trading 3873 Watches, clocks, clockwork operated devices, and
parts,
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
Trading 7113 Articles of jewelry & parts, of precious metal or
clad
Trading 9100 Clocks & watches & parts thereof
Trading 9114200000 Clock or watch jewels
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to Taiwan
Exporting to USA
Importing from Asia
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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