MIRA
INFORM REPORT
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Report Date : |
13.09.2007 |
IDENTIFICATION DETAILS
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Name : |
DIAMDEL ( |
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Registered Office : |
26FL Kinwick Centre |
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Country : |
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Date of Incorporation : |
December 5, 1980 |
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Com. Reg. No.: |
0090214 |
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Legal Form : |
Private |
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Line of Business : |
Trading of diamonds, jewelry, luxury goods and other related
products. |
RATING & COMMENTS
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MIRAs 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
DIAMDEL (
26FL KINWICK CENTRE
TEL : 852-25211722
FAX : 852-25217735
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 5, 1980
REGISTRATION NO. :
0090214
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHRISTOPHER O'NEIL (REPRESENTATIVE)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,279
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 7.79026 = US$1 AS OF
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*
===================
(1)
License number : 0090214
Date issued : 5 December,
1980
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 07024138-000
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as :
DIAMDEL LTD
Date of incorporation : 5
December, 1980
Changed name to : DIAMDEL (
Date of change : 3
December, 1991
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 2.00
divided into 2 ordinary shares
*Office & Facilities*
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Other e-mail : diamdel@diamdel.net
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Neil Jason Ventura can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: diamdel.hongkong@diamdel.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares : 2
Shareholder's Name
No. of Ordinary Shares Amount
of Shares (HKD) % of Shares
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DIAMDEL HOLDINGS LTD 2 2.00 100
Share Transfer
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Date of Transfer
Transferor
Transferee No. of
Shares
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18 January, 2006
CORRIEDALE LTD DIAMDEL
HOLDINGS LTD 2
*Director's Details*
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Mr. Tom Beardmore-Gray
Passport number : 093062668
Address :
*Company Secretary*
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CONSEC SERVICES LTD
Address : 6Fl Alexandra House
CR no. : 24925
Management: Mr. Neil Jason Ventura,
Managing Director
Mr. Christopher O'Neil, Representative
Name Nationality
Job Description
Mr. Neil Jason Ventura British
Managing Director
Mr. Christopher O'Neil
*Key Personnel*
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Mr. Neil Jason Ventura
Passport number : 761072205
Address :
Responsibility : Global
Purchasing Director
Date of appointment : 29 June, 2007
*Main Products & Services*
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Specializes trading of diamonds, jewelry, luxury goods and other related
products.
Products: Diamonds
Jewelry
Luxurious goods
Rock diamonds
*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.
*Strategic Partners & Alliances*
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Group name : A DE BEERS GROUP OF COMPANY
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : DIAMDEL
Address : Schupstraat 21 Antwerpen 2018
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : DIAMDEL
Address : Maccabi Bldg 1 Jabotinsky St Maccabi Bldg
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : DIAMDEL
Address : 6Fl Namdeb Centre
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : DIAMDEL
Address : Rm 601
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : DIAMDEL
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : HINDUSTAN DIAMOND CO
Address : 15Fl
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
PAYMENT RATING : 3 OBTAINED SCORES : 55
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Implication |
Implications |
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1 |
Scores 85100 |
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 a 27 years development
history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
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 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
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 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%)