MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
S.GOLDI |
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Registered Office : |
Unit K2, 12/F., Kaiser Estate, Phase 2, 51 Man Yue Street,
Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.07. 2004 |
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Com. Reg. No.: |
34729874-000-07 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of All kinds of Diamonds and Jewellery |
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 : |
Regular |
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Litigation : |
Clear |
name of the company
S.GOLDI
ADDRESS
Unit K2, 12/F., Kaiser Estate, Phase 2, 51 Man Yue Street, Hunghom, Kowloon, Hong Kong.
PHONE: 3170 5172
FAX: 3171 4224
E-MAIL: sgoldi2004@yahoo.com
(Your enquiry given as: S GOLDI of the same address. )
MANAGEMENT
Manager: Mr. Manishkumar Savjibhai Patel
SUMMARY
Establishment: 15th July, 2004.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head
Office:-
Unit K2, 12/F., Kaiser Estate, Phase 2, 51 Man Yue Street, Hunghom, Kowloon, Hong Kong.
Affiliated
Companies:-
D. Goldi B.V.B.A., Belgium.
Jewel Goldi (NY) Inc., US.
Jewel Goldi, India.
R. Goldi (Shanghai) Diamond Co. Ltd., China.
S. Goldi (Asia) Ltd., Hong Kong.
Shree Ramkrishna Export, India.
V. Goldi Ltd., Israel.
BUSINESS REGISTRATION NUMBER
34729874-000-07
MANAGEMENT
Manager: Mr. Manishkumar Savjibhai Patel
SOLE PROPRIETOR
Name: Mr. Manishkumar Savjibhai PATEL
Residential Address: Flat F, 14/F., Hilton Tower, 96 Granville Road, Tsimshatsui East, Kowloon, Hong Kong.
HISTORY
The subject was established on 15th July, 2004 as a sole proprietorship concern owned by Mr. Mansukhbhai Bhikhabhai Budheliya under the Hong Kong Business Registration Regulations. Changed to a partnership when Mr. Manishkumar Savjibhai Patel joined in as a partner on 9th December, 2005. Changed back to a sole proprietorship when Mr. Budheliya retired on 21st December, 2005.
Originally the subject was located at Room 502, 5/F., Lee Kar Building, 4‑4A Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong, moved to 13/F., Fullcorp Centre, 53-55 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong in June 2005. In December 2005, Fullcorp Centre was renamed to Katherine House. The subject moved to the present address in March 2007.
Apart from these, neither material change nor amendment has
been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and jewellery.
Employees: 5.
Commodities Imported: India, Israel, China, etc.
Markets: Asia, the Middle East, North America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: Various terms.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active state.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
S.Goldi is a sole proprietorship operated by Mr. Manishkumar Savjibhai Patel who is an Indian.
The subject has got an affiliated company S. Goldi (Asia) Ltd. [S. Goldi] which is a Hong Kong-registered firm located at its operating address. The subject and S. Goldi are engaged in the same lines of business.
S. Goldi is a diamond and jewellery trader.
S. Goldi in fact is a marketing affiliate of Shree Ramkrishna Export which is a diamond trader with head office in Mumbai, India.
Shree Ramkrishna Export is supplying the subject with all kinds of diamonds and jewellery products.
The subject is trading in diamond jewellery, 18K and 14K loose diamonds. Other diamonds include fancy diamonds and carat size diamonds. Size of diamond ranges from 0.02 to 5.00 carat. Diamonds supplied can be full cut or single cut.
Shree Ramkrishna Export is one of the advanced diamond manufacturing companies in India. Available from 0.35 to 3.00 carats in D to J colours, its diamonds are claimed to be fine. Shree Ramkrishna Export has got the ISO 9001-2000 certification.
Founded in 1976 by Govind Dholakia who started his career as an artist, Shree Ramkrishna Export is today a company of 5,000 workforce, with offices spread over major parts of the world. Its corporate office is located in Mumbai with the factory at Surat.
Shree Ramkrishna Export is an Indian Government recognised three star trading house. It is a member of the Gems and Jewelry Export Promotion Council [GJEPC]. Every diamond that it processed is in compliance with the Kimberly Process Certified Scheme [KPCS].
Besides S.Goldi, Shree Ramkrishna Export has set up offices in Belgium, Israel and China. The subject’s raw materials and finished products are imported from these countries. Overall business is active.
The subject is fully supported by Shree Ramkrishna Export.
On the whole, consider it good for normal business engagements.
COURT CASES: None per our.
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FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.79 |
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UK Pound |
1 |
Rs.73.37 |
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Euro |
1 |
Rs.63.08 |
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%)