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MIRA
INFORM REPORT
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Report Date : |
29.04.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
KGK DIAMONDS (HK) LTD |
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Registered Office : |
14FL Chevalier House 45-51 Chatham Rd South Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.10. 2000 |
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Com. Reg. No.: |
0735843 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of diamonds of all sizes, clarified and cut for the
manufacture of jewelry. Sales and distribution of imported products to local and export
markets. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
KGK
DIAMONDS (HK) LTD
14FL CHEVALIER HOUSE 45-51 CHATHAM RD
SOUTH TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-27239828 FAX: 852-27397584
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 27, 2000
REGISTRATION NO. :
0735843
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MANJU KOTHARI (DIRECTOR)
STAFF STRENGTH :
50
CAPITAL :
US$ 4,498,715
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 7.78693 = 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
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*Company Registration*
==================
(1)
License number : 0735843
Date issued : 27 October, 2000
Issuing authority : Companies Registry
Type of license :
Corporate
(2)
License number : 31329946-000
Issuing authority : Inland Revenue Dept.
Type of license : Business
*Company Name*
==============
Note: The company is registered as the one listed above and not as JIGU
JEWELLERY MFR LTD as mentioned in the enquiry.
*Capital Details*
=============
Authorized capital : HKD
35,000,000.00
Paid-up capital : HKD 31,200,002.00 divided into
31,200,002 ordinary shares at HKD 1.00/-each
*Office & Facilities*
===============
Other tel nos : 27330729, 27330700
*Corporate & Organization Structure*
===========================
A small-sized company operated and managed by an experienced team of
professionals.
*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. Sanjay Navrattan Kothari can sign on behalf of the company with
seal affixed.
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www.kgkgroup.com This web belongs
to KGK GROUP. The design is professional and the content is well organized. At
present it is in English version.
E-mail: kgkhk@kgkgroup.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders
: 3
Total number of ordinary shares :
31,200,002
Shareholders' name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- ---------------
UNITED PACIFIC EXCEL LTD 29,500,000 29,500,000.00 94.55
Mr. Sanjay Navrattan Kothari 1,700,001 1,700,001.00 5.45
Mr. Manju Kothari 1 1.00 -
Previous Details:
*Major Shareholders*
================
Total number of shareholders
: 3
Total number of ordinary shares :
19,250,002
Shareholders' name No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ---------------------------- ------------------------------- ---------------
UNITED PACIFIC EXCEL LTD 17,550,000 17,550,000.00 91.17
Mr. Sanjay Navrattan Kothari 1,700,001 1,700,001.00 8.82
Mr. Manju Kothari 1 1.00 0.01
*Corporate Secretary*
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LOUIS LAI COMPANY SECRETARIAL SERVICES LTD
Address : 9Fl Surson Commercial Bldg 140-142 Austin Rd Tsimshatshui Kowloon
CR No. : 686503
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*COMPANY DIRECTORS*
======================
1
Name :
Mr. Manju Kothari
Nationality :
India
ID/Passport No. :
K780446(1)
Registered Address : Flat B
& C 8Fl Robinson Garden Apartment 3 Robinson Rd, Central, Hong Kong
Country of Residence : Hong
Kong
2
Name :
Mr. Sanjay Navrattan Kothari
Nationality :
India
ID/Passport No. :
K629324(7)
Registered Address : Flat B
& C 8Fl Robinson Garden Apartment 3 Robinson Rd, Central, Hong Kong
Country of Residence : Hong
Kong
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*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of diamonds of all sizes, clarified and cut for the
manufacture of jewelry.
2. Sales and distribution of imported products to local and export
markets.
Products also include the following:
- Hanabi ring
- Hanabi pendant
- Rising sun ring
- Brown Diamond's ring
- Brown Diamond pendant
- Onishi pendant
- Fantasy ring
Products: Antique diamond ring
Antique ring
Bridal ring
Diamonds
Engagement
rings
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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90% of the annual turnover is attributed to local sales.
*Export Markets*
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10% of the annual turnover is attributed to export.
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*(Subsidiaries, Joint-ventures & Affiliates)
=================================
Company Name : KGK
JEWELLERY (HK) LTD
Country :
Hong Kong
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
*Strategic Partners & Alliances*
=========================
Group name : KGK GROUP
Chairman : Mr.
Navrattan Kothari
Group members : KGK ENTERPRISES, India
KGK CREATIONS PVT LTD, India
KGK GEMS, India
KGK CREATIONS (INDIA) PVT LTD, India
PRECIOUS TRADE INC, USA
KGK DIAMONDS LLC, USA
KGK JEWELLERY LLC, USA
KGK DIAMONDS (SZ) CO LTD, China
KGK JEWELLERY MFG LTD, China
KGK DIAMONDS (SHANGHAI) LTD, China
KGK DIAMONDS (HK) LTD, Hong Kong
KGK DIAMONDS CO LTD, Thailand
KGK GEMS LTD, Thailand
KGK DIAMONDS (FAR EAST) INC, Japan
KGK JEWELLERY INC, Japan
S
D DIAMOND LLC, Russia
KGK DIAMOND ISRAEL LTD, Israel
MBK DIAMONDS GMBH, Germany
KGK DIAMONDS BVBA, Belgium
STAR ROUGH DIAMONDS (PTY)
LTD, South Africa
KGK DIAMONDS & JEWELLERY LLC, UAE
Details : A DTC
Sightholder for India and South Africa and has a global marketing reach with
manufacturing units in India, China, Hong Kong, South Africa and Russia. The
company has made forays in retail marketing and has opened showrooms in India,
China, Hong Kong and Middle East.
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PAYMENT
RATING : 3 OBTAINED SCORES :
60
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered medium-sized in its line with an 8 years development
history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
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 7103 Precious
& semiprec stones, not strung etc
Trading 7103991000 Gemstones,
cut but not set suitable for use in jewelry
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Gradation
rings
Trader Antique
diamond ring
Trader Antique
ring
Trader Bridal
ring
Trader Fashion
bands
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Australia
Exporting to China
Exporting to Europe
Exporting to Japan
Exporting to North America
Exporting to Oceania
Exporting to South Africa
Exporting to UAE
Exporting to USA
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from India
Importing from Israel
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%)