MIRA
INFORM REPORT
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Report Date : |
10.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ELITE DIAM (HK) LTD |
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Registered Office : |
Unit E 9FL Cameron Plaza 23-25a Cameron Rd, Tsimshatsui
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
December 10, 2005 |
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Com. Reg. No.: |
1012951 |
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Legal Form : |
Private |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
ELITE DIAM (HK) LTD
UNIT E 9FL CAMERON PLAZA 23-25A CAMERON RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL : 852-27399951
FAX : 852-27399950
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 10, 2005
REGISTRATION NO. :
1012951
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BAKUL RAMNIKLAL PARIKH (CHAIRMAN)
STAFF STRENGTH :
5
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
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80333 = 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
*Company Registration*
==================
(1)
License number : 1012951
Date issued : 10 December, 2005
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36278516-000
Issuing authority : Inland
Revenue Department
Type of license : Business
*Corporate & Organization Structure*
===========================
A small sized company operated and managed by the owner of the firm.
*Capital Details*
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Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at 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*
=================
Mr. Bayani Divino Bautista Ponce can sign on behalf of the company with
seal affixed.
*Registrar*
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PONCE & CO
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder
: 1
Total number of ordinary shares : 10,000
Shareholder's Name No.
of Ordinary Shares Amount of Shares
(HKD) % of Shares
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-------------------------------
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Bakul Ramniklal Parikh
10,000
10,000.00 100.00
*Directors' Details*
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(1)
Nimish Mody
Belgium Passport No.: EE297513
Address : 173
Belgelie Antwerpen 2018 Belgium
(2)
Nehalkumar Himatlal Parikh
HKID No. : R439514(9)
Address : 4D Kimberley Mansion
15 Austin Ave Tsimshatsui Kowloon
*Company Secretary*
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Bayani Divino Bautista Ponce
HKID No. : P293411(A)
Address : 2B King's Court 48-52
Fort St North Point Hong Kong
Management: Mr. Bakul Ramniklal Parikh, General Manager
Name Nationality
Job Description
Mr. Bakul Ramniklal Parikh Indian
General Manager
*Key Personnel*
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Mr. Bakul Ramniklal Parikh
Founder : Sole
Founder
Address : Tong Eng
Bldg 101 Cecil St #25-11 Singapore 069533
Work experience : More than five years
Responsibilities : Handles the
daily operation of the firm including all financials and legal matters.
*Main Products & Services*
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Specializes in trading of diamonds.
Products: Diamond
Fancy diamonds
Loose diamonds
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
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Exhibition fair
: Hong Kong Int'l Jewellery Show
Scheduled dates to attend : 4 -
8 March, 2008
Location
: Hong Kong Convention & Exhibition Centre
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export worldwide.
*International Exhibition Participation*
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Exhibition fair
: The Macau Jewellwy & Watch Fair
Scheduled dates to attend : 10 -
13 January, 2008
Location
: The Cotai Strip Convention & Exhibition Centre at the Venetian
Macau
SC is not known to have any subsidiary at
present.
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.
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.
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry,
of precious metal
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
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Belgium
Importing from China
Importing from Europe
Importing from India
Importing from Middle East
Importing from Thailand
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%)