MIRA
INFORM REPORT
|
Report Date : |
27.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
LAXMI DIAMOND (HK) LTD |
|
|
|
|
Registered Office : |
Rm 802, 8FL Guard Force Centre |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
December 5, 2003 |
|
|
|
|
Com. Reg. No.: |
874076 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Trading diamond jewelry. |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
LAXMI DIAMOND (HK) LTD
RM 802, 8FL GUARD FORCE CENTRE
TEL : 852 23119628
FAX : 852 23114498
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 5, 2003
REGISTRATION NO. :
874076
CHIEF EXECUTIVE :
MR.
RAKESH GAJERA (REPRESENTATIVE)
STAFF STRENGTH :
15
CAPITAL :
US$ 1,024,328
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.8135 = US$1 AS OF 2007-4-19
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 : 874076
Date issued : 5 December, 2003
Issuing authority : Companies Registry
Legal form : Private Company having Share Capital
Type of license : Corporate
License number : 34135130-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as : KOMAL GEMS LTD
Date of incorporation : 5
December, 2003
Changed name to : LAXMI DIAMOND (HK) LTD
Date of change : 19 November, 2005
*Registrar*
=========
- WILSON & CO
*Capital Details*
=============
Share value : HKD 1.00/-each
Authorized capital : HKD
8,000,000.00
Paid-up capital : HKD 800,000.00 divided into 800,000
ordinary shares
*Office & Facilities*
===============
Other e-mail : komalgem@netvigator.com
*Approved Signatures*
===================
Only Mr. Hiren Kumar Rameshbhai Khunt can sign on behalf of the company
with seal affixed.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Website :
www.laxmidiamond.com
E-mail : komal@komalgems.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders
: 4
Total number of ordinary shares : 800,000
Shareholders' Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------
-------------------------------
----------------------------------
-------------
Mr. Hiren Kumar Rameshbhai Khunt 408,000 408,000.00 51.00
LAXMI JEWEL PVT LTD 160,000 160,000.00 20.00
Mr. Lalit Jivraj Patel
120,000
120,000.00
15.00
Mr. Vipulkumar Kesubhai Boghani 112,000 112,000.00 14.00
Share Transfer
--------------------
Transferor
Transferee No. of Ord.
Shares Date
--------------
-------------- ------------------------- --------
Mr. Rajeshkumar Chandanmal Shah
Mr. Hirenkumar Rameshbhai Khunt 408,000 29 June, 2006
*Directors' Details*
===============
Mr. Hiren Kumar Rameshbhai Khunt
Address : Flat F
14Fl
Responsibility : Handles the
overall management of the company.
Mr. Ashokkumar Haribhai Gajera
Address : GJ-66 SDF VII Seepz Andheri East
Mumbai (
Mr. Lalit Jivraj Patel
HKID no : R014156(8)
Address : Flat F 14Fl
Mr. Vipulkumar Kesubhai Boghani
HKID no : R136798(5)
Address : Flat F 14Fl
*Company Secretary*
=================
WILSON BUSINESS ADMINISTRATION LTD
Address : Rm 2008-9 Bank
Centre
CR no : 143657
Management : Mr. Rakesh Gajera, Representative
*COMPANY MANAGEMENT*
=========================
Name Nationality
Job Description Dept. / Division
Mr. Rakesh Gajera Indian Representative -
Management Details - 1
Personal Unique Identifier : MI01724011
Name : Mr. Rakesh Gajera Sex : M
*Main Products & Services*
======================
Specializes in trading diamond jewelry.
Products : Diamond jewelry
Loose
diamonds
Polished
diamonds
*Payment Terms*
=============
Sales
------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
====================
Attended Exhibition
---------------------------
Exhibition/Fair : Hongkong International Jewellery Show 2000
Date attended : 6-9 March, 2007
Location :
Future Exhibitions
-------------------------
Exhibition/Fair :
Dates to attend : 21-24 June, 2007
Location :
Exhibition/Fair :
Dates to attend : 25-29 September, 2007
Location :
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
================================
Company Name : LAXMI DIAMOND PVT LTD
Address : Prasad Chambers 416 Opera House Mumbai (
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware & Jewellery
*Strategic Partners & Alliances*
=========================
Group name : LAXMI DIAMOND GROUP
Details : The group's
headquarter is located in Mumbai.
PAYMENT RATING : 3 OBTAINED SCORES : 57
|
Implication |
Implications |
|
|
1 |
Scores 85100 |
Excellent |
|
2 |
Scores 75 84 |
Above Average |
|
3 |
Scores 50 74 |
Average |
|
4 |
Scores 35 49 |
Fair |
|
5 |
Scores 15 34 |
Below Average |
|
6 |
Scores 01 14 |
Poor |
|
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 a normally advancing concern with steady customers and
good base to meet its trade engagements.
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
Importing from
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)