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MIRA
INFORM REPORT
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Report Date : |
13.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
AYU DIAM (HK) CO LTD |
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Registered Office : |
Flat C 6FL Hang Wan Bldg 42-44 Granville Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.04.2006 |
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Com. Reg. No.: |
1036681 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading 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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address of the company
AYU
DIAM (HK) CO LTD
FLAT C 6FL HANG WAN BLDG 42-44 GRANVILLE RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852-23698444 FAX: 852-23698444
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 7, 2006
REGISTRATION NO. :
1036681
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JENISH HASMUKHKUMAR SHAH (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : COD TO
SMALL AMOUNT
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80099 = US$1
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
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*Company Registration*
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(1)
License number : 1036681
Date issued : 7 April, 2006
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 36633619-000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares
HKD 1.00/-each, fully paid
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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Only Mr. Jenish Hasmukhkumar Shah can sign on behalf of the company with
seal affixed.
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SC is not known to host website of its own at present.
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Number
Amount (HKD) %
-------------------------------- ----------- ------------------ -----
Mr. Nilesh Vinoobhai Shah 9,999.00 9,999.00 99.99
Mr. Jenish Hasmukhkumar Shah 1.00 1.00 0.01
*Director's Details*
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Shareholder's Details
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Nilesh Vinoobhai Shah
Address : 3-39-5-201 Taito Taito-ku Tokyo 1100016, Japan
*Corporate Secretary*
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HARRIS SECRETARIES LTD
CR no. : 31138
Address : 7Fl Hong Kong
Trade 161-7 Des Voeux Rd Central Hong Kong
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Management: Mr. Jenish Hasmukhkumar Shah, General Manager
Name Nationality
Job Description
Mr. Jenish Hasmukhkumar Shah Indian
General Manager
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*Main Products & Services*
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Engaged in trading diamonds.
Products: Diamonds
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Local : Cash or Credit
*Associations*
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Member of :
- Shanghai Diamond Exchange
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
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SC is not known to have any subsidiary at
present.
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PAYMENT RATING : 4 OBTAINED SCORES :
46
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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.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
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SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms.
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 7102100000 Diamonds,
unsorted
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%)