MIRA
INFORM REPORT
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Report Date : |
09.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DIAMOND WORLD HOLDINGS LTD |
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Registered Office : |
Unit E1, 2FL Kaiser Estate - Phase 1, |
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Country : |
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Date of Incorporation : |
May 10, 1994 |
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Com. Reg. No.: |
477617 |
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Legal Form : |
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Line of Business : |
Trading polished diamond products.
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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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Maximum Credit Limit : |
Up To USD 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
DIAMOND WORLD HOLDINGS LTD
UNIT E1, 2FL KAISER ESTATE - PHASE 1,
TEL : 852 23678455
FAX : 852 23664177
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 10, 1994
REGISTRATION NO. :
477617
CHIEF EXECUTIVE :
MR. PRATISH RUPEN KOTHARI (CHAIRMAN)
STAFF STRENGTH :
12
CAPITAL :
US$
6,402,049
BUSINESS LINE :
TRADE OF Polished diamonds
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.80912 = US$1 AS OF 2007-6-8
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*
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License number : 477617
Date issued : 10 May,
1994
Issuing authority : Companies
Registry
Type of license : Corporate
License number : 18854001-001
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Trading Name*
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Although the company is legally registered by the name listed above, it
is commonly known as LITTLE ROCKS (HK) CO under which it operates locally.
*Capital Details*
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Authorized capital : HKD 50,000,000.00 divided into 50,000,000 ordinary
shares at HKD 1.00/-each, fully paid
*Office & Facilities*
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Other fax no. : 23664277
*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.
*Approved Signatures*
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Only Mr. Pratish Rupen Kothari can sign on behalf of the company with
seal affixed.
E-mail : littrock@littlerocks.biz.com.hk
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 shareholders
: 4
Total number of ordinary shares :
50,000,000
Shareholders' Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
-------------------------- ------------------------------- -------------------------------- ----------------
DIANCO INT'L PTE LTD
25,500,000
25,500,000.00
51.00
Mr. Pratish Rupen Kothari
12,500,000
12,500,000.00 25.00
Mr. Shashin Suresh Mehta
11,999,999
11,999,999.00
24.00
Mr. Kai-Ping Sham 1
1.00 0.00
*Directors' Details*
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Mr. Ketan Suresh Mehta
Passport no. : Z1444937 (
Address : 603 KDS. Bldg
30-38 Mahaesak Soi 3
Mr. Dilipkumar Dalpatlal Mehta
Passport no. : Z008758 (
Address :
Mr. Shashin Suresh Mehta
Passport no. : Z1444749 (
Address : Unit E1, 2Fl,
Kaiser Estate - Phase 1, 41Man
*Company Secretary*
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GEM GLAD SECRETARIES LTD
Address : Rm 1601,
16Fl Sing Pao Bldg 101 King's Rd North Point Hong Kong
CR number : 1001061
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Kai-ping Sham Hong Kong
Manager -
*Key Personnel*
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Mr. Pratish Rupen Kothari
Passport no. : Z-1591591 (
Address : Flat B 10Fl
Harbourfront Landmark - Tower 2, 11 Wan
Tel no. : 23678455
Local : 105
Emails : -
pratishkothari@hotmail.com
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pratish@littlerocks.biz.com.hk
Responsibilities : Handles the overall management of the company.
Mr. Kai-ping Sham
Address : Flat D
*Main Products & Services*
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Engaged in trading polished diamond products.
Products : Polished 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
*Exhibition Participation*
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Exhibition fair : Hong Kong
Int'l Jewellery Show 2007
Dates attended : 6-10 March, 2007
Location :
*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.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 57
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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 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 development history of
13 years. It
is considered a credit line up to USD 200,000 appears to be within SC’s
capacities.
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 7103 Precious
& semiprec stones, not strung etc
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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 SC’s 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%)