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MIRA
INFORM REPORT
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Report Date : |
20.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEWELS ERA (HK)
LTD. |
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Registered Office : |
Unit K3, 11/F., Summit Building, 30 Man Yue Street, Hung Hom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.05. 2004 |
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Com. Reg. No.: |
34585688 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Diamond Merchant |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
JEWELS ERA (HK)
LTD.
Address
Unit K3, 11/F., Summit Building,
30 Man Yue Street, Hung Hom,
Kowloon, Hong Kong.
(With effect from 14-07-2008)
(Old Address:
Unit A, 16/F., Cameron Plaza,
23-25 Cameron Road, Tsimshatsui,
Kowloon, Hong Kong. )
ADDRESS
Unit K3, 11/F.,
Summit Building, 30 Man Yue Street, Hung Hom, Kowloon, Hong Kong.
PHONE: 2316 2486
FAX: 2316 2586
E-MAIL: jewelserahk@netvigator.com
MANAGEMENT
Managing
Director: Mr. Jitendrakumar Babubhai
Mangukiya
SUMMARY
Incorporated on: 21st May, 2004.
Organization: Private Limited
Company.
Capital: Nominal: HK$6,000,000.00
Issued: HK$6,000,000.00
Business Category:
Diamond Merchant.
Employees: 5.
Main Dealing Banker: ABN AMRO Bank N.V.,
Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Unit K3, 11/F., Summit Building, 30 Man Yue Street, Hung Hom, Kowloon, Hong Kong.
Overseas Affiliates:-
In India & Thailand.
Affiliated Company:-
Jewels Era, Bangkok, Thailand.
BUSINESS REGISTRATION NUMBER
34585688
COMPANY FILE NUMBER
902548
MANAGEMENT
Managing
Director: Mr. Jitendrakumar Babubhai
Mangukiya
CAPITAL
Nominal Share Capital:
HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$6,000,000.00
SHAREHOLDER
(As per registry
dated 21-05-2008)
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Name |
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No. of shares |
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Jitendrakumar
Babubhai MANGUKIYA |
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6,000,000 ======= |
DIRECTOR
(As per registry
dated 21-05-2008)
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Name (Nationality) |
Address |
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Jitendrakumar
Babubhai MANGUKIYA |
Flat A, 6/F., Ka Fat Building, 22-24
Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 21-05-2008)
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Name |
Address |
Co. No. |
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Wealth Creation Secretarial Services Ltd. |
Room 515, 5/F., Tower A, New Mandarin
Plaza, 14 Science Museum Road, Tsimshatsui, Kowloon, Hong Kong. |
905776 |
HISTORY
The subject was incorporated
on 21st May, 2004 as a private limited liability company under the Hong Kong
Companies Ordinance.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer & Wholesaler.
Lines: All types of loose diamonds ranging from 2 - 6.5 pts, 6.5 - 11 pts, or 12 pts with clarity at VVS2, etc.
Employees: 5.
Commodities Imported: Mainly sourced from India.
Market: Hong Kong (Main).
Terms/Sales: Mainly on 60-90 days credit.
Terms/Buying: By cash or on credit basis.
FINANCIAL INFORMATION
Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
Mortgage or Charge: (See attachment)
Profit & Loss: Profit earning is maintained.
Condition: Kept in a normal manner.
Facilities: Is making use of general banking facilities.
Payment: So far regular.
Commercial Morality: Satisfactory.
Bankers
ABN AMRO Bank N.V., Hong Kong Branch.
China Construction Bank (Asia) Corporation Ltd., Hong Kong.
Standing: Normal.
GENERAL
Jewels Era (HK) Ltd. was incorporated in Hong Kong on 21st May, 2004 as a private limited liability company. With a nominal and issued capital of HK$6 million, the subject company is solely owned by an Indian merchant known as Mr. Jitendrakumar Babubhai Mangukiya (Holder of India Passport: E7748962).
The principal activity of the company is engaged in the import and wholesale of various types of loose diamonds ranging from 2 - 6.5 pts, 6.5 - 11 pts, or 12 pts with clarity at VVS2, etc. Products are sourced from India and mainly sold to local jewellery manufacturers and traders. Regular clients are maintained. Its sales and marketing activities are mainly handled by Mr. Vijay Lakhani (with mobile phone: 9288 6137) for Indian clients; and Mr. Venu Yu (with mobile phone: 9272 0580) for local clients. Recently, they are aiming at the sales of the following items:-
CUT : Round, Marquise & Pear
COLOUR : White & top light brown (off white)
SIZE : 0.001 up to 1CTS. (GIA)
CUTTING : Excellent
QUALITY : VVS
to I3
Since its
incorporation, business has been keeping in a normal condition. We have found no derogatory information
about the subject in our database.
Formerly, the
company was located at Unit A, 16/F., Cameron Plaza, 23‑25 Cameron
Road, Tsimshatsui, Kowloon, Hong Kong.
Removed to the present address on 14th July, 2008. The present office is a self-owned property.
We consider the
company good for its normal business engagements.
REMARKS
Court Cases: None per our.
Property
information of the company:-
1. Property Location: Unit K on 11/F., Summit Building, No. 30 Man Yue Street &
Nos. 21 & 23 Tai Wan Road, Kowloon, Hong Kong.
Owner: Jewels Era (HK) Ltd.
Date of Purchase: n.a.
Purchased
Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
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31-03-2008 |
- |
China Construction Bank (Asia) Corporation Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
2. Property Location: Units K1, K2 & K3 on 11/F., Summit Building, No. 30 Man
Yue Street and Nos. 21 & 23 Tai Wan Road, Kowloon, Hong Kong.
Owner: Jewels Era (HK) Ltd.
Date of
Purchase: n.a.
Purchased
Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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31-03-2008 |
- |
China Construction Bank (Asia) Corporation Ltd., Hong Kong. |
Assignment of rentals |
MORTGAGE OR CHARGE
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Date |
Particulars |
Amount |
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31-03-2008 |
Instrument: Mortgage Property: 1,884/435,384th parts or shares of and in
Section A of Subsection 1 of Section F of Kowloon Marine Lot No. 40;
Section B of Subsection 1 of Section F of Kowloon Marine Lot No. 40; The
Remaining Portion of Section G of Kowloon Marine Lot No. 40; Subsection 2 of
Section F of Kowloon Marine Lot No. 40 and Subsection 3 of Section F of
Kowloon Marine Lot No. 40 (Unit K on 11/F., Summit Building, No. 30 Man
Yue Street & Nos. 21 & 23 Tai Wan Road, Kowloon, Hong Kong.) Mortgagee: China
Construction Bank (Asia) Corporation Ltd., Hong Kong. |
To secure “all monies” in respect of general banking facilities |
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31-03-2008 |
Instrument: Assignment
of Rentals Property: Units K1, K2 & K3 on 11/F., Summit
Building, No. 30 Man Yue Street and Nos. 21 & 23 Tai Wan Road, Kowloon,
Hong Kong. Mortgagee: China
Construction Bank (Asia) Corporation Ltd., Hong Kong. |
To secure “all monies” in respect of general banking facilities |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.58 |
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UK Pound |
1 |
Rs.81.43 |
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Euro |
1 |
Rs.64.52 |
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%)