MIRA
INFORM REPORT
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Report Date : |
26.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
PACIFIC DIAM LTD |
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Registered Office : |
4FL South Sea Apartment Block D, 81 Chatham Rd Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
October 5, 1995 |
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Com. Reg. No.: |
0527264 |
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Legal Form : |
Private |
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Line of Business : |
Trading a wide range of jewelry 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 : |
Usually correct |
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Litigation : |
Clear |
name & address
PACIFIC DIAM LTD
4FL SOUTH SEA APARTMENT BLOCK D
81 CHATHAM RD TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27237859
FAX: 852-27235214
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 5, 1995
REGISTRATION NO. :
0527264
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. OJAS SAROJCHANDRA SANGHVI (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 128,370
BUSINESS LINE :
TRADER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77479 = 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 : 0527264
Date issued : 5 October,
1995
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 19478509-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
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Nominal capital : HKD 1,000,000.00 divided into 1,000,000 ordinary
shares of HKD 1.00/-each, fully paid
*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. Ojas Sarojchandra Sanghvi 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
: 2
Total number of ordinary shares
: 1,000,000
Shareholders' Name
No. of Ordinary Shares
Amount of Shares (HKD) % of
Shares
--------------------------- ------------------------------- ----------------------------------- ------------
Ojas Sarojchandra Sanghvi 800,000 800,000.00 80.00
Rinku Ojas Sanghvi 200,000 200,000.00 20.00
*Director's Details*
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Rinku Ojas Sanghvi
HKID no : Z1009430
Address : 402 Osia Cnr Opposite
Mahalaxmi Colony 66 Swatantra Sainik Marg Andheri West Mumbai (Bombay)
Maharashtra 400058 India
*Corporate Secretary*
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LODESTAR SECRETARIES LTD
CR number : 113023
Adress : 13Fl Wah Kit
Commercial Center 302 Des Voeux Rd Central Hong Kong
Management: Mr. Mihir Sanghvi, Manager
Name Nationality
Job Description
Mr. Mihir Sanghvi Hong
Kong Manager
*Key Personnel*
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Ojas Sarojchandra Sanghvi
HKID no : R338843(2)
Responsibility : Handles the overall management of the company.
Address : Osia Cnr
Opposite Mahalaxmi Colony Amboli Andheri West Mumbai (Bombay) Maharashtra
400058
India
*Main Products & Services*
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Specializes in trading a wide range of jewelry and other related
products.
Products: Diamond
Jewelry
Precious
stones
*Payment Terms*
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Sales
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Local : Cash or credit
Purchases
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Local : Cash or credit
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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 SMALL 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 12 years history.
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 7103 Precious
& semiprec stones, not strung etc
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
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%)