MIRA
INFORM REPORT
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Report Date : |
08.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
RA GEM CENTRE LTD |
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Registered Office : |
Unit 30-31, 4fl Focal Industrial Centre - Block B 21 Man Lok St Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.06.1998 |
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Com. Reg. No.: |
646505 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading Diamonds and Jewelry. |
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
RA
GEM CENTRE LTD
UNIT 30-31, 4FL FOCAL INDUSTRIAL CENTRE -
BLOCK B
21 MAN LOK ST HUNGHOM KOWLOON, HONG KONG
TEL: 852-27218360 FAX: 852-23119377
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 5, 1998
REGISTRATION NO. :
646505
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KETAN KANTILAL SHAH (MANAGING DIRECTOR)
STAFF STRENGTH :
20
CAPITAL :
US$ 1,280
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 7.79583 = 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 History*
===============
April 2003 - Moved to
present address.
*Company Registration*
===================
(1)
License number : 646505
Date issued : 5 June,
1998
Issuing authority : Companies
Registry
Type of license : Corporate
license
(2)
License number : 21790383-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
license
*Capital Details*
=============
Share value
: HKD 1.00/-each
Authorized capital :
HKD 10,000.00 divided into 10,000 ordinary shares
Issued & paid-up capital :
HKD 100.00 divided into 100 ordinary shares
*Office & Facilities*
================
Size : 7,000 sq. feet
Location : Jewelry district of Hong Kong
Other Contact Details
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E-mail :
sales@ragemcentre.com
Website :
www.jewelry.org.hk
*Approved Signatures*
==================
Only Mr. Nilesh Vinodrai Shah can sign on behalf of the company with
seal affixed.
*Awards*
========
Received the following awards:
(1)
Award : The Highest
Import of Diamonds from India In South East Asia
Awarded by : The Gem &
Jewellery Export Promotion Council of India (GJPEC)
Year : 1998-2004
& 2005-2006
(2)
Award : The Best Supporter
Awarded by : Mr. Henry Ying-yin
Tang of GSP JP
Year :
2002-2006
www.ragemcentre.com
The design is professional and the content is well organized. At present it is in
English version.
E-mail: info@ragemcentre.com
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong CHAN LEUNG
& CHEUNG
Case Issue : A petition to the Court claiming overdue payment for
services rendered (filed under case no. SCTC16283/2003).
Court : District Court, Hong Kong
Date Commenced : 25 March, 2003
Status : Not stated
Litigation ( 2 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong Ms. Sally
Pui-yin Ngai
Case Issue : A petition to the Court to rule over a labour dispute
(filed under case no. LBTC4528/2003).
Court : District Court, Hong Kong
Date Commenced : 19 June, 2003
Status : Not stated
*Major Shareholders*
=================
Total number of shareholders: 1
Total number of shares: 100
Shareholders Country Number Amount (HKD) %
S VINODKUMAR Singapore 100.00
100.00 100.00
INT'L PTE LTD
*Corporate Secretary*
=================
HOJIN LTD
CR no. : 127424
Address : 25Fl Man Yee Bldg 60-68 Des Voeux Rd Central, Hong Kong
Management: Mr. Ketan Kantilal Shah,
Managing Director
Ms. Sandy Kwok, Receptionist
Name Nationality
Job Description
Mr. Ketan Kantilal Shah Indian
Managing Director
Ms. Sandy Kwok Hong
Kong Receptionist
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Ketan Kantilal Shah
Nationality :
India
ID/Passport No. :
P055945(1)
Registered Address : Flat B
21Fl Harbourfront Landmark Tower 1 11 Wan Hoi St, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
2
Name :
Mr. Nilesh Vinodrai Shah
Nationality :
India
ID/Passport No. :
P601966(1)
Registered Address : Flat A,
8Fl Kam Ma Bldg 16 Cameron Rd, Tsimshatsui, Kowloon
Country of Residence : Hong
Kong
*Main Products & Services*
======================
Specializes in trading diamonds and jewelry.
Carries the following brands :
- SIGHTHOLDER
- DTC
Products: Diamond jewelry
Fine jewelry
Jewelry
Polished
diamonds
Precious
metals
*Payment Terms*
==============
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)
*Exhibition Participation*
====================
Participated in the following local exhibitions:
(1)
Exhibition fair : Hong Kong
International Jewellery Show
Dates attended : 6-10 March,
2007
Location : Hong Kong
Convention & Exhibition Centre
(2)
Exhibition fair : September
Hong Kong Jewellery & Watch Fair
Dates attended : 25-29
September, 2007
Location : Hong Kong
Convention & Exhibition Centre
(3)
Exhibition fair : Hong Kong
International Jewellery Show
Dates attended : 4-8 March, 2008
*Associations*
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Member of the following associations :
- Hong Kong Jewelry Manufacturers' Association
- Shanghai Diamond Exchange
- Hong Kong Indian Chamber of Commerce
*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.
*International Exhibition Participation*
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Participated in the following international exhibitions:
(1)
Exhibition fair : Shenzhen
International Jewellery Fair 2007
Dates attended : 13 -17 September, 2007
Location : Hall 1,
Shenzhen Convention & Exhibition Centre
(2)
Exhibition fair : JMA Macau
2008
Dates attended : 14-17 June, 2008
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : BHARAT TRADING INC
Address : 3Fl Ishikawa Bldg 1-8-3 Higashi-ueno Taito-ku Tokyo 1100015
Japan
Country : Japan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : GEMINI DIAMONDS INC
Address : 550 South Hill St 1340 Los Angeles 90013 California USA
Country : USA
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : INDIAN DIAMOND IMPORTS INC
Address : Suite 407, 15 West 47th St New York 10036 New York USA
Country : USA
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Importer
Industry : Giftware & Jewellery
Company Name : S VINODKUMAR DMCC
Address : Office 109, 1Fl Mohammed Ibrahim Obaidullah Bldg Plot 113-226
Al-Shamal Gold Souk Deira Dubai United Arab Emirates
Country : United Arab Emirates
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : SV GEMS NV
Address : Rm 249 Hoveniersstraat 30 Antwerpen 2018 Belgium
Country : Belgium
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Giftware & Jewellery
Company Name : SVK JEWELS PVT LTD
Address : 4Fl GJ-17 Sta Cruz Electronics Export Processing Zone(SEEPZ)
Andheri East Mumbai (Bombay) 400096 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Giftware & Jewellery
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains a branch office in Shanghai, China and Malaysia.
PAYMENT RATING : 3 OBTAINED SCORES :
52
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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.
*BANK DETAILS*
===============
Bank Name : HONG
KONG & SHANGHAI BANKING CORP LTD, THE
Branch :
Central,Hong Kong
Branch Address : 9Fl
HSBC Main Bldg 1 Queen's Rd Central Hong Kong (Head Office)
SWIFT Code :
HSBCHKHH
SC is considered small-sized in its line with a development history of
10 years.
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
Trading 7102290000 Industrial
diamonds, worked
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116 Articles
of natural or cut pearls, prec/semprc stones
Trading 7116201000 Jewelry
of precious or semiprecious stones
Trading 9100 Clocks
& watches & parts thereof
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Precious
stones
Trader Watches
Trader Precious
metals
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to North America
Exporting to USA
Importing from Asia
Importing from India
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.37 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.68.08 |
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%)