MIRA
INFORM REPORT
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Report Date : |
14th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DIASQUA INT'L LTD |
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Registered Office : |
Rm 401-2, 4fl Guard Force Centre 3 Hok Yuen St, East
Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.03.2000 |
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Com. Reg. No.: |
709126 |
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Legal Form : |
Private |
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Line of Business : |
Trading diamond
and jewelry products. |
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 & address
DIASQUA INT'L LTD
RM 401-2, 4FL GUARD FORCE CENTRE 3 HOK YUEN ST
EAST HUNGHOM KOWLOON, HONG KONG
TEL: 852-22096600 FAX: 852-22096620
EXECUTIVE SUMMARY
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INCORPORATION DATE |
MARCH 20, 2000 |
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REGISTRATION NO. |
709126 |
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LEGAL FORM |
PRIVATE |
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CHIEF EXECUTIVE |
MR. TONY NIMESH
PIYUSH MEHTA (MANAGING DIRECTOR) |
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STAFF STRENGTH |
10 |
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CAPITAL |
US$ 5,148,005 |
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BUSINESS LINE |
TRADER |
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TURNOVER |
N/A (AS OF DEC.
31, 2005) |
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EQUITIES |
N/A (AS OF DEC.
31, 2005) |
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PAYMENT |
AVERAGE |
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RECOMM. CREDIT RANGE |
MODERATE AMOUNT |
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MARKET CONDITION |
COMPETITIVE |
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FINANCIAL CONDITION |
STABLE |
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OPERATIONAL TREND |
STEADY |
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GENERAL REPUTATION |
AVERAGE |
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EXCHANGE RATE |
HKD 7.79863 =
US$1 AS OF 2007-1-16 |
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
*Trading Name*
============
Although the company
is legally registered by the name listed above, it is commonly known by the
following Trading Names under which it operates locally:
- DIASQUA (HK)
- DIAGLOBE (HK)
- DIAJEWEI
(HK)
*Company
Registration*
==================
(1)
License number : 709126
Date issued : 20 March, 2000
Issuing
authority : Companies Registry
Type of
license : Corporate
(2)
License number : 15307483
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of
license : Business
*Registrar*
=========
MOORE STEPHENS
ASSOCIATES LTD
*Capital Details*
============
Authorized capital
: HKD 40,000,000.00 divided into 40,000,000 ordinary shares of HKD 1.00/-each,
fully paid
*Office &
Facilities*
===============
Other e-mail : kowloon@diasqua.com
Previous Contact
Details
---------------------------------
Address : 706-7 Carnarvon Plaza 20
Carnarvon Rd, Tsimshatsui, Kowloon
Tel no. : 27230237
Fax no. : 27393132
Year of relocation
: 2004
*Reputation*
==========
Reference checking
for the purpose of establishing the firm's reputation within the respective
industry failed to reveal any negative information.
*Approved
Signatures*
=================
Only Mr. Rajul
Nimesh Mehta can sign on behalf of the company with seal affixed.
www.diasqua.com The design is professional and the content
is well organized. At present it is in English version.
E-mail: facets@diaqua.com
For the past two
years there is no record of litigation.
*Major
Shareholders*
================
Total number of
shareholders : 4
Total number of
ordinary shares : 40,000,000
Shareholders'
Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
--------------------------
-------------------------------
----------------------------------
----------------
Tony Nimesh Piyush
Mehta 10,000,000 10,000,000.00 25.00
Rajul Nimesh
Mehta 10,000,000 10,000,000.00 25.00
Romy Piyush Mehta 10,000,000 10,000,000.00 25.00
Vimesh Piyush
Mehta 10,000,000 10,000,000.00 25.00
*Director's
Details*
===============
(1)
Rajul Nimesh Mehta
HKID no. : P195864(3)
Address :
Flat B2, 20Fl Greenfield Terrace 26 Homentin Hill Rd, Kowloon, Hong Kong
(2)
Priti Romy Mehta
HKID no. : R151747(2)
Address :
Duplex B 17-18Fl The Astrid Tower 2, 180 Argyle St, Kowloon, Hong Kong
(3)
Romy Piyush Mehta
HKID no. : R148936(3)
Address :
Duplex B 17-18Fl The Astrid Tower 2, 180 Argyle St, Kowloon, Hong Kong
Shareholders'
Details
-----------------------------
Vimesh Piyush Mehta
Address : 3 Tanjong Rhu Rd #12-01, Singapore,
435881
*Corporate
Secretary*
=================
FIRST ISLAND
SECRETARIES LTD
CR no. :
49295
Address : 902 Silvercord Tower 2, 30 Canton
Rd, Tsimshatsui, Kowloon, Hong Kong
Management: Mr.
Tony Nimesh Piyush Mehta, Managing Director
*Key Personnel*
=============
Tony Nimesh Piyush
Mehta
HKID no. :
P146336(9)
Responsibilities :
Handles the overall management of the company.
Address :
Flat B2, 20Fl Greenfield Terrace 26 Homantin Hill Rd, Kowloon, Hong Kong
*Main Products
& Services*
======================
Specializes in
trading diamond and jewelry products.
Products: Coloured
diamonds
Colourless diamonds
Diamonds
Gems
Gold jewelry
*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*
===================
Participated in the
following local exhibitions:
(1)
Exhibition
fair :
Hongkong International Jewellery Show 2000
Date attended : 6-9
March, 2000
Location :
Hongkong Convention & Exhibition Centre
(2)
Exhibition
fair :
Hong Kong Jewellery & Watch Fair 2006
Date attended :
22-25 June, 2006
Location :
Hong Kong
(3)
Exhibition
fair :
Hong Kong Jewellery & Watch Fair 2006
Date attended :
18-23 September, 2006
Location : Hong Kong
*Local Distribution
Network*
=======================
Part of the annual
turnover is attributed to local sales.
*Export Markets*
=============
Part of the annual
turnover is attributed to export.
*International
Exhibition Participation*
============================
Participated in the
following overseas exhibitions:
(1)
Exhibition
fair :
JCK Show 2006
Date attended : 3-7
June, 2006
Location :
Las Vegas, USA
(2)
Exhibition
fair :
JAA Australian Jewellery Fair 2006
Date attended :
20-22 August, 2006
Location : Sydney, Australia
(3)
Exhibition
fair : International Jewellery London
2006
Date attended : 3-6 September, 2006
Location : London, United Kingdom
*(Subsidiaries,
Joint-ventures & Affiliates)
===============================
Company Name : DIAGLOBE BVBA
Global Identifier : P0893125
Address : Room 416 Bus 229
Hovenierstraat 30 Antwerpen 2018 Belgium
Country : Belgium
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA (NIPPON) CO LTD
Global Identifier : P0893111
Address : 2Fl Kato Bldg 3-41-4 Taito-ku
Taito-ku Tokyo 1100016 Japan
Country : Japan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA (THAILAND) CO LTD
Global Identifier : 31607097
Address : 611-2, 26Fl ITF Silom
Palace Bldg 160 Silom Rd Bangkok 10500 Thailand
Country : Thailand
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA IMPEX PTE LTD
Global Identifier : P0372915
Address : Asia Insurance Bldg 2
Finlayson Green #14-02 049247 Singapore
Country :
Singapore
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA INC
Global Identifier : P0893127
Address : 580 Fifth Ave New York
10036 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA INDIA PVT LTD
Global Identifier : P0893122
Address : 302 Prasad Chambers
Opera House Mumbai (Bombay) 400004 Maharashtra
India
Country : India
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA INT'L LTD
Global Identifier : P0893112
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry :
Giftware & Jewellery
Company Name : DIASQUA MIDDLE EAST LLC
Global Identifier : P0893123
Address : M8 Mezzanine Fl Gold
Land Bldg Deira Dubai United Arab Emirates
Country : United Arab Emirates
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
Company Name : DIASQUA PTY LTD
Global Identifier : P0893120
Address : Suite 311-312 The Trust
Bldg 155 King St Sydney 2000 NSW Australia
Country : Australia
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Giftware &
Jewellery
*Strategic Partners
& Alliances*
========================
Group name : DIASQUA Group
Group members : -
DIASQUA (NIPPON) CO LTD
- DIASQUA INT'L
LTD
- DIASQUA
(THAILAND) CO LTD
- DIASQUA
SINGAPORE PTE LTD
- DIASQUA PTY
LTD
- DIASQUA INDIA PVT LTD
- DIASQUA
MIDDLE EAST LLC
- DIAGLOBE BVBA
- DIASQUA INC
Details : The group was founded in
1933 dealing with diamonds and other precious stones.
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 an acceptable basis to come into credit dealings
of moderate amount.
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%)