MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
GREAT DIAM (HK) LTD |
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Registered Office : |
1306 Hart Ave Plaza 5-10 Hart Ave Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
June 7, 2006 |
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Com. Reg. No.: |
1050350 |
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Legal Form : |
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Line of Business : |
Trading of Diamonds. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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/normal. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
GREAT DIAM (HK) LTD
1306 HART AVE PLAZA 5-10 HART AVE TSIMSHATSUI KOWLOON, HONG
KONG
TEL : 852 27240870
FAX : 852 27240871
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 7, 2006
REGISTRATION NO. :
1050350
CHIEF EXECUTIVE : MR. RAJANISH KUMAR PARSOTTAMBHAI SUTARIYA
(CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 1,279
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : AVERAGE
GENERAL REPUTATION : N/A
EXCHNAGE RATE :
HKD 7.81279 = US$1 AS OF 2007-6-22
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD – Hong Kong Dollars
*Company Registration*
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(1)
License number : 1050350
Date issued : 7 June,
2006
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36840731
Date issued : N/A
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Registrar*
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C K LIU & CO
*Capital Details*
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Share value : HKD
1.00/-each
Authorized capital : HKD
10,000.00 divided into 10,000 ordinary shares
Paid-up capital : HKD 1.00 divided
into 1 ordinary share
*Office & Facilities*
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Previous Address : Flat C 5Fl
Dor Fu Court 5-6 Hau Fook St Tsimshatsui Kowloon
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
*Approved Signatures*
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Mr. Rajanish Kumar Parsottambhai Sutariya can sign on behalf of the
company with seal affixed.
Website : www.greatdiam.com
SC’s website is unable to be landed at present for the technical reason.
E-mail : greatdiamhk@hotmail.com
For the past one year there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Total number of share :
1
Shareholder's Name
No. of Share Amount of Shares (HKD) % of Shares
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Rajanish Kumar Parsottambhai Sutariya 1 1.00 100.00
*Corporate Secretary*
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LODESTAR SECRETARIES LTD
CR number : 113023
Address : 13Fl Wah Kit
Commercial Centre 302 Des Voeux Rd Central Hong Kong
*Key Personnel*
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Rajanish Kumar Parsottambhai Sutariya
India Passport no. : Z1323826
Nationality :
India
Address : Flat
C 5Fl Dor Fu Court 5-6 Hau Fook St, Tsimshatsui, Kowloon Hong Kong
Responsibility :
Handles the overall management of the company.
*Main Products & Services*
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Specializes in the trading of diamonds.
Products : Diamonds
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 35
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established one (1) year ago no
financials have been lodged.
SC is considered small-sized in its line with a short operating history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3961 Jewelry of materials other than solid
gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to India
Exporting to North America
Exporting to Thailand
Exporting to USA
Importing from Asia
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/normal. |
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%)