MIRA
INFORM REPORT
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Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
VIJAY ORIENT STAR LTD |
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Registered Office : |
RM 11B, 11FL Cameron Plaza 23-25 Cameron
Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.04.1978 |
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Com. Reg. No.: |
0059855 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in the Import and Local Distribution 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 of the company
VIJAY
ORIENT STAR LTD
RM 11B, 11FL CAMERON PLAZA 23-25 CAMERON RD
TSIMSHATSUI KOWLOON, HONG KONG.
TEL: +31 (0)541-530855 FAX: 852-28453821
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 28, 1978
REGISTRATION NO. :
0059855
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GAUTAM SHANTILAL JHAVERI (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 1,283,697
BUSINESS LINE :
IMPORTER
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 7.80209 = 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 : 0059855
Date issued : 28 April,
1978
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 05558618-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license :
Business
*Capital Details*
=============
Share value : HKD
100.00/-each
Authorized capital : HKD
10,000,000.00
Paid-up capital : HKD
1,000,000.00 divided into 10,000 ordinary shares
*Office & Facilities*
===============
Other tel no. : 25223015
Previous address : 1307 Tak Shing House 20 Des Voeux Rd Central Hong
Kong
*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. Gautam Shantilal Jhaveri can sign on behalf of the company with seal
affixed.
SC is not known to host website of its own at present.
E-mail: gare10@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 4
Total number of shares: 10,000
Shareholders Number
Amount (HKD) %
Mr. Gautam Shantilal Jhaveri 3,990.00 399,000.00 39.90
Mr. David Klagsbrun (Deceased) 3,000.00 300,000.00 30.00
Mr. Pradyot R. Kothari 3,000.00 300,000.00 30.00
Mr. Renuka Gautam Jhaveri 10.00 1,000.00 0.10
*Director's Details*
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Shareholder's Details
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Mr. Pradyot R. Kothari
Address : 8 Rubinslei
Antwerp Belgium
*Company Secretary*
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DHUN'S MANAGEMENT SERVICES LTD
CR no. : 27006
Address : 7Fl Man On
Commercial Bldg 12-13 Jubilee St Central Hong Kong Hong Kong
SC declined to release its management background at present.
*Main Products & Services*
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Specializes in the import and local distribution of diamonds.
Products: Diamonds
*Payment Terms*
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Sales
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Local : Cash or Credit
Purchases
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Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
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Member of :
- DIAMOND FEDERATION OF HONG KONG CHINA LTD (DFHK)
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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 long history. Taking into
consideration of SC’s general performance, a credit line up to USD 20,000 would
appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3961 Jewelry
of materials other than solid gold, platinum & silver
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7102100000 Diamonds, unsorted
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7102100000 Diamonds,
unsorted
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
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.42.47 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.66.14 |
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%)