MIRA
INFORM REPORT
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Report Date : |
27.07.2007 |
IDENTIFICATION DETAILS
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Name : |
4C'S DIAMONDS DISTRIBUTORS |
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Registered Office : |
Rm 1724A 17FL |
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Country : |
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Date of Incorporation : |
March 11, 1988 |
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Com. Reg. No.: |
11655488-000 |
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Legal Form : |
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Line of Business : |
Trading diamonds and jewelry. |
RATING & COMMENTS
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MIRAs Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
4C'S DIAMONDS DISTRIBUTORS
RM 1724A 17FL
TSIMSHATSUI
TEL : 852 28773191
FAX : 852 28014925
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 11, 1988
REGISTRATION NO. :
11655488-000
CHIEF EXECUTIVE :
MR. AMIT HARESH KUMAR PATWA (PARTNER)
STAFF STRENGTH :
5
CAPITAL :
N/A
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 :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.82303 = US$1 AS OF 2007-7-25
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
HKD
*Company Registration*
===================
License number : 11655488-000
Date issued : 11 March,
1988
Issuing authority : Business
Registration Office - Inland Revenue Dept
Legal form :
Partnership
Type of license : Business
license
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
E-mail : parumit@hotmail.com
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of partners : 2
Partners' Name % of Shares
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Amit Haresh Kumar Patwa 50.00
Hitesh Laltibhai Mehta 50.00
*Company Directors*
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Based on corporate filing regulations for
this type of entity in
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Amit Haresh Kumar Patwa Indian
Partner
Mr. Hitesh Laltibhai Mehta Indian
Partner
*Key Personnel*
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Hitesh Laltibhai Mehta
Founder :
Co-Founder
National ID no :
ZZ5095874
Address : 3Fl
Amit Haresh Kumar Patwa
Founder :
Co-Founder
National ID no :
P9249935
Address : Rm G
7Fl
*Main Products & Services*
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Specializes in trading diamonds and jewelry.
Products : Coloured diamonds
Diamonds
Jewelry
Polished
diamonds
Round
diamonds
*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 worldwide.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : DIMINCO(
Address : Rm 201 2nd Fl CS Bldg
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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.
Dealings on open terms may be possible for SMALL amounts depending on individual judgement
experience.
*Bank Details*
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Bank Name : ABN AMRO BANK NV
Branch : Central,
Branch Address : 38Fl
SWIFT Code : ABNAHKHH
As a partnership firm, there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
SC is considered an old-established business in small size.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
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
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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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This score serves as a reference to assess SCs 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%)