MIRA
INFORM REPORT
|
Report Date : |
07.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
VAMA INT'L (HK) LTD |
|
|
|
|
Registered Office : |
Unit 1706, 17FL |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
May 10, 2006 |
|
|
|
|
Com. Reg. No.: |
1043967 |
|
|
|
|
Legal Form : |
|
|
|
|
|
Line of Business : |
Importing various range of diamonds. Sales and distribution to local market. |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name &
address
VAMA INT'L (HK) LTD
UNIT 1706, 17FL
TEL: 852 23121602
FAX: 852 23121604
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 10, 2006
REGISTRATION NO. :
1043967
CHIEF EXECUTIVE :
MR. NIMESH MISTRY (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 12,788
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
FAIR
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHNAGE RATE :
HKD 7.78794 = 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
*Company Registration*
===================
License number : 1043967
Date issued : 10 May,
2006
Issuing authority : Companies
Registry
Type of license : National
Corporate
License number : 36748761-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : National
Business
License number : 36748761-001
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : National
Business
*Capital Details*
=============
Authorized capital : HKD100,000.00 divided into 10,000 ordinary shares
at HKD10.00/-each, fully paid
*Reputation*
==========
Due to the recent incorporation of the firm, no meaningful points of
reference in terms of reputation within the respective industry was possible.
*Approved Signatures*
===================
ELEGANT SECRETARIES LTD can sign on behalf of the company with seal
affixed.
Website : www.padmavatigems.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail : mistrynimesh@hotmail.com
For the past one year there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholder :
1
Total number of ordinary shares : 10,000
Shareholder's Name No. of Ordinary
Shares Amount of Shares (HKD) % of Shares
-------------------------- ------------------------------- --------------------------------- ---------------
Mr. Samirkumar Navinchandra Shah 10,000 100,000.00 100.00
*Director's Details*
===============
Mr. Vipul Kumar Navinchaudra Shah
Address : 315/166-168 Fortune Condo
Tower-1 Sathupradit Soi
10520
Shareholder's Details
-----------------------------
Mr. Samirkumar Navinchandra Shah
Address : Rm 1616, 2Fl
*Company Secretary*
=================
ELEGANT SECRETARIES LTD
Address : Rom 804,
8Fl Lap Fai Bldg
License number : 418716
*COMPANY MANAGEMENT*
===========================
Name Nationality
Job Description
Mr. Nimesh Mistry Indian Representative
*Key Personnel*
=============
Mr. Nimesh Mistry
Address :
Mobile no : 93781602
Email :
mistrynimesh@hotmail.com
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing various range of diamonds.
2. Sales and distribution to local market.
Products : Black diamonds
Brown
diamonds
Diamonds
Fancy color
diamonds
*Payment Terms*
=============
Sales
------
Local : Cash or credit
Purchases
--------------
Local : Cash or credit
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
=============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*Strategic Partners & Alliances*
=========================
Group members : - PADMAVATI GEMS -
- PADMAVATI DIAMONDS CO LTD -
-
VAMA GEMS -
-
VAMA DIAM INC -
-
VAMA INT'L (HK) LTD
Details : The group
is a member of the following associations :
- Diamant Club - Van
Antwerpen CVBA
- The
Gem & Jewellery Export Promotion Council - Mumbai
-
Bharat Diamond Bourse - Mumbai
- Thai Gem and Jewelry Traders
Association -
PAYMENT RATING : 4 OBTAINED SCORES : 35
|
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 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.
Additionally as the company was only established one (1) year ago no financials
have been lodged.
SC is considered small-sized in its line with a short operating history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7102290010 Industrial
diamonds (miners carbonados) worked
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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. |
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%)