MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
RRJ ENTERPRISE |
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Registered Office : |
Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.09.2004 |
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Com. Reg. No.: |
34925272-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of all kinds of Diamonds and Jewellery products, etc. |
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 : |
Regular |
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Litigation : |
Clear |
name OF THE COMPANY
RRJ
ENTERPRISE
ADDRESS
Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
PHONE: 6108 4483
MANAGEMENT
Manager: Mr. Amit Soni [Mobile Phone No. 6108 4483]
SUMMARY
Establishment: 21st September, 2004
Organization: Sole Proprietorship
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Head Office:
Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
34925272-000-09
MANAGEMENT
Manager: Mr. Amit Soni
SOLE PROPRIETOR
Name: Mr.
Amit SONI
Residential
Address: Flat A1, 4/F., Kim Hing
Mansion, 49-51 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 21st September, 200 as a sole proprietorship concern owned by Mr. Amit Soni under the Hong Kong Business Registration Regulations.
Originally the subject was located at Flat A1, 4/F., Kim Hing Mansion, 49‑51 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong where is the residential address of the sole proprietor, moved to the present address in May 2007.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and jewellery products, etc.
Employees: Nil.
Commodities Imported: India, etc.
Markets: Hong Kong, other Asian countries, US, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Keeping a balance account in the past years.
Condition: Business is fairly active.
Facilities: Trying to make use of general banking facilities.
Payment: Met as required.
Commercial Morality: Fairly satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
RRJ Enterprise is a sole proprietorship set up on 21st September, 2007 and owned by Mr. Amit Soni who is a US passport holder.
The subject’s registered address is located at Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong Kong which covers about 100 sq. ft. There are about 30-40 small units in the third floor of the building. All these small units are owned and rented out by Best Honour Investment Ltd., a Hong Kong registered firm.
The subject has no employees in its small office. A paper has been stuck at the door of the subject’s office with a mobile phone number 6108 4483 at which Mr. Amit Soni can be reached.
The subject’s business is not active in Hong Kong.
To our knowledge, the subject is trading in loose diamonds, gem stones, etc. Raw materials and commodities are chiefly imported from India, etc. Some loose diamonds are wholesaled in Hong Kong or re-exported to the other Asian countries, Europe, and the United States, etc.
The subject is just a one-man-company. Keeping a balance account in most of the years.
The history of the subject is just over four years in Hong Kong.
Since the subject has no employees in Hong Kong, consider it good for business engagements on L/C basis.
COURT CASES
None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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%)