MIRA
INFORM REPORT
|
Report Date : |
28.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AMANI LTD. |
|
|
|
|
Registered Office : |
Room 804, 8/F., Hang Seng Tsim Sha Tsui Building, 18
Carnarvon Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
12.02.2001 |
|
|
|
|
Com. Reg. No.: |
31605861 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All kinds of Jewellery, Diamonds, Gemstones, etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name of the company
AMANI LTD.
ADDRESS
Room 804, 8/F., Hang Seng Tsim Sha Tsui Building, 18 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2368 3358
FAX: 2367 0235
E-MAIL: amani@netvigator.com
MANAGEMENT
Managing Director: Mr. Sanjiv Chandrakant Shah
SUMMARY
Incorporated on: 12th February, 2001.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2.00
Business Category: Diamond Trader.
Employees: 3.
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head
Office:-
Room 804, 8/F., Hang Seng Tsim Sha Tsui Building, 18 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated
Companies:-
Araki Ltd., Hong Kong. [Dissolved]
Kendex (Hong Kong) Ltd., Hong Kong. [Dissolved]
BUSINESS REGISTRATION NUMBER
31605861
COMPANY FILE NUMBER
746752
MANAGEMENT
Managing Director: Mr. Sanjiv Chandrakant Shah
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
SHAREHOLDER
(As per registry dated
12-02-2008)
|
Name |
|
No. of shares |
|
Mansi Sanjeev SHAH |
|
2 = |
DIRECTOR
(As per registry
dated 12-02-2008)
|
Name (Nationality) |
Address |
|
Sanjiv Chandrakant SHAH |
Room 804, 8/F., Hang Seng Tsim Sha Tsui Building, 18 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 12-02-2008)
|
Name |
Address |
|
Sonal Sanjeev SHAH |
Room 804, 8/F., Hang Seng Tsim Sha Tsui Building, 18 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated on 12th February, 2001 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, Exporter and Wholesaler.
Lines: All kinds of jewellery, diamonds, gemstones, etc.
Employees: 3.
Commodities Imported: India, Europe, etc.
Markets: Hong Kong, Europe, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
Profit & Loss: Making a small profit.
Condition: Business is normal.
Facilities: Adequate for current running.
Payment: Delay payment experienced in 2001 by its former affiliated company.
Commercial Morality: Fair.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 2 ordinary shares of HK$1.00 each, Amani Ltd. is wholly-owned by Mr. Mansi Sanjeev Shah who is an Indian. The Managing Director of the subject is Mr. Sanjiv Chandrakant Shah.
The subject is owned by the Shah family.
The subject is a diamond and gemstone trader. Raw diamonds and gemstones are imported from Europe and India. After processing, cut and polishing in Hong Kong, diamonds and gemstones are exported to the United States, Europe, Japan and other Asian countries. Wholesaled in Hong Kong, gemstones such as emerald, ruby and sapphire are also imported from India. The subject also exports jewellery such as gold chains carrying diamonds 9‑karat, 14-karat and 18-karat. Business has been fairly active.
Mr. Sanjiv Chandrakant Shah was the shareholder and Managing Director of Araki Ltd. [Araki]. Araki was also a diamond trader which was dissolved on 7th March, 2008 by striking off.
Another affiliated firm Kendex (Hong Kong) Ltd. [Kendex], jointly controlled by Mr. Shah and Ms. Ng Loi Ping, was engaged in the same lines of business as the subject. However, Kendex was also dissolved by striking off. Kendex was dissolved on 9th May, 2008. In 2001, three litigation were filed with the Hong Kong against Araki for breach of contract and dues.
On the whole, consider the subject good for small business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.84 |
|
UK Pound |
1 |
Rs.76.81 |
|
Euro |
1 |
Rs.64.38 |
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 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%)