MIRA
INFORM REPORT
|
Report Date : |
24.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AMY DIAM LTD |
|
|
|
|
Registered Office : |
Rm A3, 5FL Burlington House Block A, 90-94c Nathan Rd
Tsimshatsui |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
29.09.2005 |
|
|
|
|
Com. Reg. No.: |
998317 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Local purchase and import of trading jewelry products and related
products. Sales and distribution of products to local market. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
AMY DIAM LTD
RM A3, 5FL BURLINGTON HOUSE BLOCK A
90-94C NATHAN RD TSIMSHATSUI, HONG KONG.
TEL : 852-23677700
FAX : 852-23677779
EXECUTIVE SUMMARY
INCORPORATION DATE : SEPTEMBER 29, 2005
REGISTRATION NO. :
998317
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GIRISHKUMAR GIRDHARLAL SHAH (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 128,700
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 : FARILY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
HKD 7.80500 = 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 : 998317
Date issued : 29
September, 2005
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 36152790
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Share value :
HKD 1.00
Initial registered capital : HKD
10,000.00
Capital increase :
HKD 1,000,000.00 divided into 1,000,000 ordinary shares at HKD
1,000,000.00/-each,
fully paid
Date of increase :
N/A
*Registrar*
=========
TOTAL CORPORATE SERVICES LTD
*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. Girishkumar Girdharlal Shah can sign on behalf of the company with
seal affixed.
www.amydiam.com The design is
professional and the content is simple. At present it is in English version.
E-mail: info@amydiam.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares : 1,000,000
Shareholders' name
No. of Ordinary Shares Amount of Shares (HKD) % of Shares
-------------------------- ----------------------------- --------------------------------- ----------------
Girishkumar Girdharlal Shah
600,000 600,000.00 60.00
Heena Girish Shah 400,000 400,000.00 40.00
*Director's Details*
==============
(1)
Jatinkumar Dinesh Chandra Mehta
Passport number : E0957359
Address : 7Fl,
1, Lane 31, Shaoxing North St Taipei City Taiwan
(2)
Dilip Dahyabhai Patel
Passport number : F1449916
Address : 12J
Windsor Mansions 17 Austin Ave Tsimshatsui Kowloon Hong Kong
(3)
Heena Girish Shah
National ID number : P044496(4)
Address : 12J
Windsor Mansions 17 Austin Ave Tsimshatsui Kowloon Hong Kong
*Company Secretary*
=================
Mr. Hiu-wan Wong
National ID number : Z365572(6)
Address : Flat
7 9Fl Man Wah Bldg Ferry Point Jordan Rd Kowloon Hong Kong
*Key Personnel*
============
Girishkumar Girdharlal Shah
National ID number : K911666(4)
Address : 12J
Windsor Mansions 17 Austin Ave Tsimshatsui Kowloon Hong Kong
Responsibilities : Handles
the overall management of the company
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Local purchase and import of trading jewelry products and related
products.
2. Sales and distribution of products to local market.
Products: Baguettes
Color diamonds
Cut diamonds
Diamond
jewelry
Diamond set
jewelry
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Purchases
--------------
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 Jewellery & Watch Fair
Date attended : 17-21
September, 2006
Location :
Hong kong
(2)
Exhibition fair :
Hong Kong Int'l Jewellery Show
Date to be attended : 6-10
March, 2007
Location :
Hong kong
*Local Distribution Network*
======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
=============
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 :
51
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
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 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113200000 Jewelry
and parts, base metal clad w precious metal
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 Marquise
Trader Watches
Trader Precious
stones
Trader Precious
metals
Trader Diamond set
jewelry
Trader Colour
diamonds
Trader Polished
diamonds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Africa
Importing from Asia
Importing from Belgium
Importing from Europe
Importing from India
Importing from Israel
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)