MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
INTERNATIONAL DIAMOND SOURCE CO. LTD. |
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Registered Office : |
Unit 2006, 20/F., Shatin Galleria, 18-24 Shatin Mei
Street, Fo Tan, Shatin, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.04. 2001 |
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Com. Reg. No.: |
31777028 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Jewellery and
Diamond, Gold, etc. |
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
INTERNATIONAL DIAMOND
SOURCE CO. LTD.
ADDRESS
c/o New Choice Accountants Ltd.
Unit 2006, 20/F., Shatin Galleria, 18-24 Shatin Mei Street, Fo Tan, Shatin, New Territories, Hong Kong.
PHONE: 2687 0066
FAX: 2687 0101
E-MAIL: mail@newchoice.com.hk
(Your enquiry given as: INTERNATIONAL DIAMOND SOORCE LTD of the same address. )
MANAGEMENT
Managing Director: Mr. Huarng Weir Tzuh
SUMMARY
Incorporated on: 27th April, 2001.
Organization: Private Limited Company.
Capital: Nominal: HK$20,000.00
Issued: HK$20,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Registered Head
Office:-
c/o New Choice Accountants Ltd.
Unit 2006, 20/F., Shatin Galleria, 18-24 Shatin Mei Street, Fo Tan, Shatin, New Territories, Hong Kong.
Holding Company:-
Taiwan International Diamond Source Co. Ltd.
9/F - 2, 45, Chung Cheng 3rd Road, Kaohsiung, Taiwan.
BUSINESS REGISTRATION NUMBER
31777028
COMPANY FILE NUMBER
755098
MANAGEMENT
Managing Director: Mr. Huarng Weir Tzuh
CAPITAL
Nominal Share Capital: HK$20,000.00 (Divided into 20,000 shares of HK$1.00 each)
Issued Share Capital: HK$20,000.00
SHAREHOLDERS
(As per registry dated
27-04-2008)
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Name |
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No. of shares |
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HUARNG Weir Tzuh |
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10,000 |
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Gitesh Pravin BHANSALI |
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10,000 |
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–––––– |
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Total: |
20,000 ===== |
DIRECTORS
(As per registry
dated 27-04-2008)
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Name (Nationality) |
Address |
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HUARNG Weir Tzuh |
No. 1-2, Lane 129, Cheng-Ching Road, Feng Shan City, Kaohsiung Hsien, Taiwan. |
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CHEN Pei Fen |
9/F - 2, 45, Chung Cheng 3rd Road, Kaohsiung, Taiwan. |
SECRETARY
(As per registry
dated 27-04-2008)
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Name |
Address |
Co. No. |
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New Choice Accountants Ltd. |
Unit 2018, 20/F., Shatin Galleria, 18-24 Shatin Mei Street, Fo Tan, Shatin, New Territories, Hong Kong. |
634471 |
HISTORY
The subject was incorporated on 27th April, 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: Jewellery and diamond, gold, etc.
Employees: Nil.
Commodities Imported: India, Belgium, Israel, etc.
Markets: Taiwan, Europe, Southeast Asia, US, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$20,000.00 (Divided into 20,000 shares of HK$1.00 each)
Issued Share Capital: HK$20,000.00
Profit & Loss: Keeping a balance account.
Condition: Business is not very active in Hong Kong.
Facilities: Adequate for current running.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 20,000 ordinary shares of HK$1.00 each, International Diamond Source Co. Ltd. is equally held by Mr. Huarng Weir Tzuh and Mr. Gitesh Pravin Bhansali. The former is a Taiwan merchant while the latter is an Indian. The directors of the subject are Mr. Huarng Weir Tzuh and Ms. Chen Pei Fen. Chen is a Taiwan businesswoman.
The subject does not have its own operating office. Its registered office is in an accountant firm located at Unit 2006, 20/F., Shatin Galleria, 18-24 Shatin Mei Street, Fo Tan, Shatin, New Territories, Hong Kong known as New Choice Accountants Ltd. [New Choice] which is handling its correspondences and documents. New Choice is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
To our knowledge, the subject has got its head office in Taiwan also known as International Diamond Source Co. Ltd. [IDS].
IDS is trading in all kinds of loose diamonds, single cut diamonds, tapper cut diamonds, full cut diamonds, precious stones, etc.
IDS is the agent of Queen’s Heart products. Mr. Huarng Weir Tzuh is also the President of Vivid Adventure. Vivid Adventure is also a significant trader trading in high-end diamonds and jewellery. Most of its products are “Fancy Light Yellow” and have got the GIA certificates.
IDS is a rather significant diamond and jewellery product importer and wholesaler in Taiwan. Products are imported from India, Thailand, Israel, Belgium, South Africa, etc.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)