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MIRA
INFORM REPORT
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Report Date : |
31.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
ASIA DIAM (HK) LTD |
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Registered Office : |
RM A 23FL Chatham Plaza 8 Hart Ave Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
16.03.2006 |
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Com. Reg. No.: |
1030798 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and local purchase of jewelry and related products. Sales of purchased products to local market and export market. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
ASIA
DIAM (HK) LTD
RM A 23FL CHATHAM PLAZA
8 HART AVE CENTRAL, HONG KONG.
TEL: 852-63332573 FAX: 852-28542901
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 16, 2006
REGISTRATION NO. :
1030798
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JIGAR SHAILESH SHAH (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 12,804
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 : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80129 = 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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*OTHER LICENSE*
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License Number : 36674594-000
Issuing Authority : Business Registration Office - Inland Revenue Dept
*Company Registration*
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License Number :
1030798
Date of Registration :
16 March, 2006
Issuing Authority :
Companies Registry (CR)
Legal Form :
Private company with limited liability
Primary Business Activity :
Trader
Key Industry :
Giftware & Jewellery
*Capital Details*
============
Authorized capital: HKD 100,000.00 divided into 100,000 ordinary shares at
HKD 1.00/-each, fully paid
*Office & Facilities*
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Previous address : Rm 1702,
17Fl Far East Consortium Bldg 113-125 Des Voeux Rd Central Hong Kong
*Approved Signatures*
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Only Jigar Shailesh Shah can sign on behalf of the company with seal
affixed
*Registrar*
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CK LIU & CO
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SC is not known to host website of its own at present.
E-mail: asiadiam99@hotmail.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: 1
Total number of shares: 100,000
Shareholders Country Number Amount (HKD) %
JANAM DIAMONDS PVT LTD India 100,000.00 100,000.00 100.00
*Company Secretary*
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LODESTAR SECRETARIES LTD
Address : 13Fl Wah Kit
Commercial Centre 302 Des Voeux Rd Central Hong Kong
CR number : 113023
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*COMPANY DIRECTORS*
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1
Name :
Mr. Jay Mahendra Parikh
Nationality :
Indian
ID/Passport No. :
E5275205
Registered Address : Tahnee
Heights Petit Hall 184 Nepeansea Rd ,Mumbai (Bombay) 400006
Country of Residence : India
2
Name :
Mr. Jigar Shailesh Shah
Nationality :
Indian
ID/Passport No. :
F7772034
Registered Address : 8-A
Abhilash Bldg 46 AK Marg ,Mumbai (Bombay) 400063
Country of Residence : India
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*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of wide range of jewelry and related
products.
2. Sales of purchased products to local market and export market.
Products: Diamond
Fashion
jewelry
Jewelry
Loose diamonds
*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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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 3 OBTAINED SCORES :
53
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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.
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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 small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
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 7102100000 Diamonds,
unsorted
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting
Middle-East Exporting
North America Exporting,Importing
Pacific Exporting
Australia Exporting
France Exporting
India Importing
Israel Exporting
Japan Exporting
Switzerland Exporting
USA Exporting,Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.49 |
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UK Pound |
1 |
Rs.84.21 |
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Euro |
1 |
Rs.66.33 |
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%)