MIRA
INFORM REPORT
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Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
PARIKH DIAM LTD |
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Registered Office : |
Rm 708, 7FL Fu Hang Industrial Bldg, 1 Hok Yuen St East Hunghom
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
January 29, 2001 |
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Com. Reg. No.: |
0745382 |
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Legal Form : |
Private |
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Line of Business : |
Import and local
purchase of wide range of stones. Sales and
distribution of products to both domestic and international markets. |
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 AND ADDRESS
PARIKH DIAM LTD
RM 708, 7FL FU HANG INDUSTRIAL BLDG
1 HOK YUEN ST EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852-28051023
FAX: 852-28510498
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 29, 2001
REGISTRATION NO. : 0745382
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : N/A
STAFF STRENGTH : 7
CAPITAL : US$ 770,218
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2006)
EQUITIES : N/A (AS OF
DEC. 31, 2006)
PAYMENT : AVERAGE
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : HKD 7.80463 = 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*
==================
License number : 0745382
Date issued : 29 January, 2001
Issuing
authority : Companies Registry
Type of License : Corporate
License number : 31571028
Issuing
authority : Business Registration
Office - Inland Revenue Dept
Type of License : Business
*Office &
Facilities*
===============
Other tel no : 28051028
Previous Contact
Detail
--------------------------------
Address : 908 Hang
Seng Bank Bldg 18 Carnarvon Rd Tsimshatsui Kowloon
*Capital Details*
============
Authorized capital:
HKD 6,000,000.00 divided into 6,000,000 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*
=================
Only Mr. Rakesh
Lalitkumar Shah can sign on behalf of the company with seal affixed.
SC is
not known to host website of its own at present.
E-mail: parikhdiam@biznetvigator.com
For the past two
years there is no record of litigation.
*Major Shareholders*
================
Total number of
shareholders : 2
Total number of
ordinary shares : 6,000,000
Shareholders'
Name No. of Ordinary Shares Amount of Shares (HKD)
% of Shares
--------------------------
----------------------------
-------------------------------
----------------
Rakesh Lalitkumar
Shah 3,000,000 3,000,000.00 50.00
Mukesh Mansukhlal
Parikh
3,000,000
3,000,000.00
50.00
*Directors' Details*
==============
Mukesh Mansukhlal
Parikh
HKID no : K337297(9)
Address : Flat C 15Fl Emperor Height 5 Cox's Rd
Tsimshatsui Kowloon
Rakesh Lalitkumar
Shah
HKID no :
P184302(1)
Address : 98 Union Mansion 33-35 Chatam Rd South
Tsimshatsui Kowloon
*Company Secretary*
================
Rakesh Lalitkumar
Shah
HKID no :
P184302(1)
Address : 98 Union Mansion 33-35 Chatam Rd South
Tsimshatsui Kowloon
SC declined to
release its management background at present.
*Main Products &
Services*
=====================
Specializes in the
following areas of work:
1. Import and local
purchase of wide range of stones.
2. Sales and
distribution of products to both domestic and international markets.
Products: Loose
diamonds
Precious stones
Semi precious stones
Stones
*Payment Terms*
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Sales
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Local : Cash or Credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Associations*
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Member of:
- The Indian Chamber
of Commercial Hong Kong
*Charge*
=======
Total Amount
outstanding on all mortgages and charges which are required to be registered
with the Registrar of Companies pursuant to sections 80 and 82 of the Companies
Ordinance is HKD 1,501,152.02.
*Local Distribution
Network*
=======================
Part of the annual
turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual
turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
51
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Rating Key |
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 financial.
SC is considered small-sized
in its line with a 7 years history.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281
Cut stone and stone
products
Trading 3295
Minerals and earths,
ground or otherwise treated
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6815
Articles of stone or other
mineral substance
Trading 7102
Diamonds, worked or not,
not mounted or set
Trading 7116204050
Articles of precious or semiprecious
stones, not jewelry
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
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. |
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%)