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MIRA
INFORM REPORT
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Report Date : |
29.12.2008 |
IDENTIFICATION DETAILS
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Name : |
C & H (DIA.)
TRADING LTD. |
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Registered Office : |
Room 1402, 14/F., Tung Shun Hing Commercial Centre, |
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Country : |
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Date of Incorporation : |
16.05.1995 |
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Com. Reg. No.: |
19104613 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of All kinds of Diamonds
and Jewellery Products, Emerald, Precious Stones, 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 & address
C & H
(DIA.) TRADING LTD.
ADDRESS
Room 1402, 14/F., Tung Shun Hing Commercial Centre,
PHONE: 2317 0977
FAX: 2375 3700
MANAGEMENT
Managing Director: Mr. Anilkumar Sharma
SUMMARY
Incorporated on: 16th May, 1995.
Organization: Private Limited Company.
Capital: Nominal: HK$34,000,000.00
Issued: HK$34,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 5.
Main Dealing Banker: Bank of
Banking Relation: Satisfactory.
ADDRESS
Registered Head
Office:-
Room 1402, 14/F., Tung Shun Hing Commercial Centre,
BUSINESS REGISTRATION NUMBER
19104613
COMPANY FILE NUMBER
514669
MANAGEMENT
Managing Director: Mr. Anilkumar Sharma
CAPITAL
Nominal Share Capital: HK$34,000,000.00 (Divided into 34,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$34,000,000.00
SHAREHOLDER
(As per registry
dated 16-05-2008)
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Name |
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No. of shares |
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Anilkumar SHARMA |
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34,000,000 ======== |
DIRECTORS
(As per registry
dated 16-05-2008)
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Name (Nationality) |
Address |
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Anilkumar SHARMA |
Flat D, 8/F., |
SECRETARY
(As per registry
dated 16-05-2008)
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Name |
Address |
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Ahamed K. M. SEYED |
Flat D4, 10/F., |
HISTORY
The subject was incorporated on 16th May, 1995 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 diamonds and jewellery products, emerald, precious stones, etc.
Employees: 5.
Commodities Imported:
Markets:
Terms/Sales:
L/C, T/T, D/P, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$34,000,000.00 (Divided into 34,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$34,000,000.00
Mortgage or Charge (since 2005): (See attachment)
Profit & Loss: Making a small profit every year.
Condition: Keeping in an active state.
Facilities: Actively using general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Bankers:-
Bank of
Indian Overseas Bank, Hong Kong Branch.
Canara Bank, Hong Kong Branch.
Bank of
Punjab National Bank, Hong Kong Branch.
Standing:
GENERAL
Having issued 34 million ordinary shares of HK$1.00 each, C
& H (Dia.) Trading Ltd. is wholly-owned by Mr. Anilkumar Sharma who is an
Indian. He is a Hong Kong ID Card holder
and has got the right to reside in
The subject is a diamond and jewellery product trader. Raw materials are imported from
The subject’s main products are the following items: bracelets, brooches, earrings, necklaces, pendants, rings, ear-rings, etc.
The subject’s business is chiefly handled by Sharma himself. Overall business is active and satisfactory.
The subject has got a certain amount of deposits in US dollar at banks for securing general banking facilities.
Since the history of the subject in
COURT CASES: None per our.
MORTGAGE OR CHARGE
(Since 2005)
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Date |
Particulars |
Amount |
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16-08-2005 |
Instrument: Undertaking Relating to Deposits Property: Distinctive No. of
Receipt: FC 251542 Mortgagee: Indian Overseas Bank, Hong Kong Branch. |
Liabilities |
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15-07-2006 |
Instrument: Memorandum Property: Distinctive No. of
Receipt: CD 5845 Mortgagee: BOB International Finance Ltd., |
Loan or credit or other facilities |
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20-07-2007 |
Instrument: Undertaking Relating to Deposits Property: Amount Rate of Maturity KD5.2007 17-05-2007 419,142.38 4.80 17-11-2007 Mortgagee: Canara Bank, Hong Kong Branch. |
General credit facility |
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29-08-2007 |
Instrument: Memorandum Property: Distinctive No. of Receipt: 91210300000136 Mortgagee: Bank of |
Loan or credit or other facilities |
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02-10-2008 |
Instrument: Undertaking Relating to Deposits Property: Distinctive No. of Receipt: 2008-FD-161-1 Mortgagee: Indian Overseas Bank, Hong Kong Branch. |
Liabilities |
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16-10-2008 |
Instrument: Charge on Deposit to secure the Depositor’s Obligations Property: A sum of US$400,000 represented by a certificate of deposit dated 16-10-2008 bearing Account No. 71-41-000210 Mortgagee: Punjab National Bank, Hong Kong Branch. |
As a continuing security for the payment and discharge of the Secured Obligations |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.89 |
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1 |
Rs.70.84 |
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Euro |
1 |
Rs.67.37 |
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%)