MIRA
INFORM REPORT
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Report Date : |
12.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
DIAVIN LTD |
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Registered Office : |
Unit 6, 7fl Chevalier House 45-51 Chatham Rd Tsimshatsui Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.10. 1994 |
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Com. Reg. No.: |
0494691 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading a wide range of Jewelry.
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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
DIAVIN
LTD
UNIT 6, 7FL CHEVALIER HOUSE 45-51 CHATHAM RD
TSIMSHATSUI KOWLOON, HONG KONG
TEL: 852-23696123 FAX: 852-23752526
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 25, 1994
REGISTRATION NO. :
0494691
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHIRAG ARVINDKUMAR SHAH (COMPANY DIRECTOR)
STAFF STRENGTH :
5
CAPITAL :
US$ 1,285
BUSINESS LINE :
TRADER
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 : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79616 = 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 : 0494691
Date issued : 25
October, 1994
Issuing authority : Companies
Registry
Type of license : Corporate
(2)
License number : 18960793-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
==============
Incorporated as :
EMINENT GOLD LTD
Date of incorporation : 25 October, 1994
Changed name to : DIAVIN
LTD
Date of change : 28
March, 2001
*Capital Details*
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Authorized capital: HKD 10,000.00 divided into 10,000 ordinary shares at
HKD 1.00/-each, fully paid
*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. Chirag Arvindkumar Shah can sign on behalf of the company with seal
affixed.
*Registrar*
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WIDERVILLE CONSULTING LTD
www.diavin.com The design is
professional and the content is well organized. At present it is in English
version.
E-mail: info@diavin.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 10,000
Shareholders Country
Number Amount (HKD) %
-------------------- ---------- ----------- ------------------- -------
Mr. Chirag Arvindkumar Shah India 8,000.00 8,000.00 80.00
Mr. Shraddha Chirag Shah India 2,000.00 2,000.00 20.00
*Company Secretary*
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Shraddha Chirag Shah
HKID no : R194157(6)
Address : B3, 2Fl Block B
Greenfield Terrace 26 Ho Man Tin Hill Rd Ho Man Tin Hong Kong
*COMPANY DIRECTORS*
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1
Name :
Mr. Chirag Arvindkumar Shah
Nationality :
India
ID/Passport No. :
R194156(8)
Registered Address : B3, 2Fl
Block B Greenfield Terrace 26 Ho Man Tin Hill Rd, Ho Man Tin, Hong Kong
Country of Residence : Hong
Kong
2
Name :
Mr. Shraddha Chirag Shah
Nationality :
India
ID/Passport No. : R194156(8)
Registered Address : B3, 2Fl
Block B Greenfield Terrace 26 Ho Man Tin Hill Rd, Ho Man Tin, Hong Kong
Country of Residence : Hong
Kong
*Main Products & Services*
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Specializes in trading a wide range of jewelry.
Products: Diamond jewelry
Jewelry
*Payment Terms*
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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
*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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Exhibition fair : The 7th
Shenzhen Int'l Jewellery Fair
Year attended : 2006
Location : Shenzhen,
China
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : DIAVIN
PVT LTD
Address :
1112-A Prasad Chambers Opera House Mumbai (Bombay) 400004 Maharashtra India
Country :
India
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Giftware & Jewellery
*Strategic Partners & Alliances*
=======================
Maintains partnership with NAVIN GEMS.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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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 development history of
14 years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
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 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
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%)