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MIRA
INFORM REPORT
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Report Date : |
18.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
NIRU DIAMONDS (HK) LTD |
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Registered Office : |
Unit E & F 16fl, 8 Hart Ave, Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.02.2001 |
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Com. Reg. No.: |
0746330 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of Jewelry Products. |
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
NIRU DIAMONDS (HK)
LTD
UNIT E & F 16FL, 8 HART AVE
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: 852- 23682475 FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 7, 2001
REGISTRATION NO. :
0746330
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SAM (REPRESENTATIVE)
STAFF STRENGTH :
5
CAPITAL :
US$ 2,983,355
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 7.79761 = 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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*OTHER LICENSE*
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License Number: 31651260-000
Issuing Authority: Business Registration Office - Inland Revenue Dept
*Capital Details*
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Authorized capital : HKD 23,300,000.00 divided into 2,330,000 ordinary
shares of HKD 10.00/-each, fully paid
*Approved Signatures*
==================
Only Mr. Kalpesh Mahendra Shah can sign on behalf of the company with
seal affixed.
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www.niru.co.il
The design is professional and the content is well organized. At present it is
in English version.
E-mail: kalpesh@niru.co.il
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For the past two years there is no record of litigation.
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*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 2,330,000
Shareholders Country Number Amount (HKD) %
Mr. Kalpesh Mahendra Shah India 1.00 10.00 n/a
NEW CENTURY MARKETING LTD Hong Kong 2,329,999.00 23,299,990.00 100.00
*Corporate Secretary*
=================
DHUN'S MANAGEMENT SERVICES LTD
C. R. no. : 27006
E-mail :
dhunsukh@netvigator.com
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Management: Mr. Sam, Representative
Name Nationality Job Description Dept. / Division
Mr. Sam Hong Kong Representative Sales
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Bhavini Kalpesh Shah
Nationality : India
Registered Address : A6, 16Fl Hankow Centre - Block A Hankow Rd
2
Name : Mr. Kalpesh Mahendra Shah
Nationality : India
Registered Address : A6, 16Fl Hankow Centre - Block A Hankow Rd,
Tsimshatsui, Kowloon
Country of Residence : Hong Kong
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*Main Products & Services*
======================
Specializes in trading wide range of jewelry products.
Carries the brand NIRU.
Products: Diamonds
Jewelry
Polished
diamonds
*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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*Subsidiaries, Joint-ventures & Affiliates*
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Maintains offices in the following locations:
USA
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Address : Suite 1002,
20E, 46th St, New York 10017
Tel nos. :
212-9723007 / 866-7176478
E-mail :
kalden@niru.co.il
Thailand
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Address : 39Fl,
919/465 JTC Silom Banggrak Bangkok 10500
Tel nos. : 2-6303330 /
818-407074
E-mail :
sunilniru@hotmail.com
Representative : Sunil Shah
United Arab Emirates
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Address : Gold Land
Bldg Gold Souk, Dubai, Deira
PO Box : 120429
Tel no. : 4-2353452
Mobile no. : 50-6860807
Belgium
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Address :
Pelikaanstraat 62, Antwerpen 2018
Tel no. : 3-2338800
*Strategic Partners & Alliances*
=========================
Group name : NIRU Group of
Companies
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PAYMENT RATING : 3 OBTAINED SCORES :
60
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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 private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financial.
*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
SWIFT Code : HSBCHKHH
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SC is considered small-sized in its line with a 7 years development
history.
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 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
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Importing
Europe Exporting
Middle-East Importing
North America Exporting
Belgium Exporting
Israel Importing
Thailand Importing
USA Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.78 |
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UK Pound |
1 |
Rs.85.51 |
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Euro |
1 |
Rs.67.90 |
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%)