MIRA
INFORM REPORT
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Report Date : |
14.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
JB DIAMONDS (HK) LTD |
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Registered Office : |
Rm 1105, 11FL Hilder Centre 2 Sung Ping St, Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 29, 2004 |
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Com. Reg. No.: |
0930334 |
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Legal Form : |
Private |
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Line of Business : |
Believed to be engaged in trading diamonds and other related products. |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
JB DIAMONDS (HK) LTD
RM 1105, 11FL HILDER CENTRE 2 SUNG PING ST
HUNGHOM KOWLOON HONG KONG.
TEL: N/A
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 29, 2004
REGISTRATION NO. :
0930334
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,000,000
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NR
RECOMM. CREDIT RANGE : NO
RECOMMENDATION
MARKET CONDITION :
N/A
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78629 = US$1
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
*Company Registration*
==================
(1)
License number : 0930334
Date issued : 29
October, 2004
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 35430519-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as : PRIME
WILL TRADING LTD
Date of incorporation : 29
October, 2004
Changed name to : JB
DIAMONDS (HK) LTD
Date of change : 7
January, 2005
*Capital Details*
============
Authorized capital : USD 1,000,000.00 divided into 1,000,000 ordinary
shares at USD 1.00/-each, fully paid
*Reputation*
==========
Due to the lack of any third party references, we were unable to
establish the level of the firm's reputation within the respective industry.
*Approved Signatures*
=================
DSC (CORPORATE SERVICES) LTD can sign on behalf of the company with seal
affixed.
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*
================
Total number of shareholders
: 3
Total number of ordinary shares
: 1,000,000
Shareholders' Name
No. of Ordinary
Shares Amount of Shares (USD) % of Shares
-------------------------- ------------------------------- --------------------------------- ----------------
JB DIAMONDS PVT LTD
510,000 510,000.00 51.00
Mr. Bhupendra Jivrajbhai Surani 441,000 441,000.00 44.10
Mr. Varsha Bhupendra Surani 49,000 49,000.00 4.90
*Directors' Details*
===============
(1)
Paresh Chhaganlal Dhola
India passport no : A1657779
Address : 406
Prasad Chambers - Opera House, Mumbai (Bombay), Maharashtra, 400004 India
(2)
Varsha Bhupendra Surani
HKID no. :
P753203(6)
Address : 31
King's Park Hill Rd, Homantin, Kowloon Hong Kong
Other details : Former name is Varsha Bhupendra Patel
(Name changed on 23 January, 2006)
Shareholder's Details
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Mr. Bhupendra Jivrajbhai Surani
HKID no.
: P404971(7)
Address
: 31 King's Park Hill Rd, Homantin, Kowloon Hong Kong
E-mail
: surani@sugem.com.hk
Previously held position :
Director and Company Secretary
Date of resignation : 15
May, 2007
Other details
: Former name is Bhupendra Jivrajbhai Patel (Name changed on 23 January,
2006)
*Company Secretary*
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DSC (CORPORATE SERVICES) LTD
Address : Rm
1910-1913 Hutchinson House 10 Harcourt Rd Central Hong Kong
CR no. :
535845
Date of appointment : 15 May,
2007
SC declined to release its management background at present.
*Operations Status*
================
Current operations of the firm could not be confirmed during the course
of the investigation due to the following reasons:
1. The company was not found listed as a subscriber for local telecom
company, hence, no available contact details were found to confirm its current
commercial operation.
2. Additionally, attempts to find alternate contacts were unsuccessful.
These include:
- Site visit
- Contact and searches with
the main local Telecom supplier for telephone and/or fax lines.
- Checks with the local trade
and business associations.
- Correlation with addresses
held by Company Registry and Inland Revenue Department, Hong Kong
*Main Products & Services*
======================
Believed to be engaged in trading diamonds and other related products.
Products: Diamonds
*Payment Terms*
==============
Sales
------
Local : Cash or Credit
Purchases
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Local : Cash or Credit
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : SUGEM (HK) LTD
Address : Rm 1105-1108, 11Fl Hilder Centre 2 Sung Ping St Hunghom
Kowloon Hong Kong
Country : Hong Kong
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
*Bank Details*
============
Bank name : WING LUNG BANK LTD
Branch : Tsimshatsui Kowloon
Account no. : 61280205058
Swift code : WUBAHKHH
Based on the investigations performed, it has not been possible to
prepare a normal credit report on the company. Given the circumstances, caution
is advised related to dealings with persons claiming to represent such an
entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
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. |
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%)