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MIRA
INFORM REPORT
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Report Date : |
07.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SRB DIAM (HK) |
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Registered Office : |
RM 906, 9FL Workingport Commercial Bldg 3 Hau Fook St Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.01.2005 |
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Com. Reg. No.: |
35269827-000 |
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Legal Form : |
Sole-Proprietorship |
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Line of Business : |
Importing and local purchasing of raw materials. Manufacturing of diamonds and jewelry. Sale and Distribution of manufactured products to local and export
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 & address
SRB
DIAM (HK)
RM 906, 9FL WORKINGPORT COMMERCIAL BLDG
3 HAU FOOK ST TSIMSHATSUI KOWLOON, HONG
KONG.
TEL: 852-31147994 FAX: 852-31147995
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 17, 2005
REGISTRATION NO. :
35269827-000
LEGAL FORM :
SOLE-PROPRIETORSHIP
CHIEF EXECUTIVE :
MR. RAJU BHADIAYADRA (MANAGER)
STAFF STRENGTH :
10
CAPITAL :
N/A
BUSINESS LINE :
MANUFACTURER
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 7.79583= 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
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*Company Registration*
===================
(1)
License number : 35269827-000
Date issued : 17 January, 2005
Issuing authority : Business Registration Office -
Inland Revenue Dept
Legal form : Sole Proprietorship
Type of license : Business
(2)
License number : 35269827-001
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Branch license
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www.srbdiam.com
This website belongs to “SRB DIAM INC.”. The design is professional and the
content is well organized. At present it is in English version.
E-mail: raju@srbdiam.com
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For the past two years there is no record of litigation.
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Based on corporate filing regulations for this type of entity in Hong
Kong, there is either, no requirement for Shareholders or no requirement for
public disclosure of Shareholders.
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Management: Mr. Jaydeep
Rameshkumar Savani, Manager
Mr. Raju Bhadiayadra, Manager
Name Nationality
Job Description Dept. / Division
Mr. Jaydeep Rameshkumar Savani Indian
Manager Sales
Mr. Raju Bhadiayadra Indian
Manager -
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*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing and local purchasing of raw materials.
2. Manufacturing of diamonds and jewelry.
3. Sale and distribution of manufactured products to local and export
markets.
Products: Bangles
Bracelets
Diamond-studded
gold jewelry
Diamonds
Gemstones
*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)
*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.
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*LOCAL BRANCHES & MANAGEMENT*
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Branch :
SRB DIAM (HK) - KOWLOON
Branch Address : Rm A
7Fl Houng Sun Bldg 45-47 Carnarvon Rd Tsimshatsui East, Kowloon,
Branch Tel : [+852]
92787842
*Strategic Partners & Alliances*
=========================
Group name : SRB DIAM Group
Details : Regarded as a
leading diamond manufacturing and marketing companies worldwide. It has sales
offices in USA and Hong Kong and manufacturing facilities in India. The group
serves as marketing arm of PANKAJ DIAMOND which was founded by Mr. Naran
Bhadiyadra.
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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.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
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As a sole proprietorship there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a development history of 3
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3911 Jewelry,
of precious metal
Manufacturing 5094 Jewelry/Watches/Precious
Mtl
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Manufacturing 7102 Diamonds,
worked or not, not mounted or set
Manufacturing 7113 Articles
of jewelry & parts, of precious metal or clad
Manufacturing 7113192900 Gold
necklaces and neck chains
Manufacturing 7113200000 Jewelry
and parts, base metal clad w precious metal
Manufacturing 7113202900 Necklaces
and neck chains of base metal clad with gold
Manufacturing 7113205000 Jewelry
of base metal clad with precious metal
Manufacturing 7116201000 Jewelry
of precious or semiprecious stones
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7102 Diamonds,
worked or not, not mounted or set
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Precious
stones
Manufacturer Gemstones
Manufacturer Diamonds
Manufacturer Jewelry
Manufacturer Bangles
Trader Jewelry
Trader Precious
stones
Trader Diamonds
Trader Gemstones
Trader Diamond-studded
gold jewelry
INTERNATIONAL TRADE:
ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to India
Exporting to North America
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%)