MIRA
INFORM REPORT
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Report Date : |
03.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
SAMMY DIAM |
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Registered Office : |
Flat D, 12/F., Hilton Tower, 96 Granville Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.07. 2005. |
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Com. Reg. No.: |
35804407-000-07 |
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Legal Form : |
Partnership |
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Line of Business : |
Importer, Exporter and Wholesaler all kinds of Diamonds
and Jewellery. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
SAMMY DIAM
ADDRESS
Flat D, 12/F.,
Hilton Tower, 96 Granville Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2721 6861, 2736 6858
FAX: 2721 5369
E-MAIL: semil@hotmail.com
MANAGEMENT
Manager: Mr. Semil Hasmukh Desai
SUMMARY
Establishment: 8th July, 2005.
Organization: Partnership.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: Bank of India, Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Flat D, 12/F., Hilton Tower, 96 Granville Road, Tsimshatsui, Kowloon, Hong Kong.
P.O. Box 96202, Tsimshatsui, Kowloon, Hong Kong.
Affiliated Company:-
Paniv Diam, Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
35804407-000-07
MANAGEMENT
Manager: Mr. Semil Hasmukh Desai
Contact
Person: Ms. Harsha Semil Desai
PARTNERS
Name: Mr. Semil Hasmukh DESAI
Residential Address:
Flat F, 33/F.,Tower 6, Sorrento, 1 Austin Road West, Tsimshatsui, Kowloon, Hong
Kong.
Name: Ms. Harsha Semil DESAI
Residential
Address: Flat F, 33/F.,Tower 6, Sorrento, 1 Austin Road West, Tsimshatsui,
Kowloon, Hong Kong.
HISTORY
The subject was
established on 8th July, 2005 as a partnership concern jointly owned by Mr.
Semil Hasmukh Desai and Ms. Harsha Semil Desai under the Hong Kong Business
Registration Regulations.
Formerly the
subject was located at Suite D, 7/F., Cameron Plaza, 23‑25A Cameron
Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in December
2006.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery.
Employees: 4.
Commodities Imported: India, Europe, etc.
Markets: Japan, India, Middle East, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Made small profits in the past year.
Condition: Business is improving.
Facilities: Making rather active use of general banking facilities.
Payment: Met on time.
Commercial Morality: Satisfactory.
Banker: Bank of India, Hong Kong Branch.
Standing: Small.
GENERAL
Sammy Diam is a partnership jointly owned by Mr. Semil Hasmukh Desai and Ms. Harsha Semil Desai, both of whom are Indian. Seemed to be an Indian couple, they have been in Hong Kong for a very long time.
The subject commenced business in July 2005.
The subject has got an affiliated company Paniv Diam located at its operating address. The subject and Paniv Diam are engaged in the same lines of business.
The subject is an international purchaser of jewellery products. It also imports raw materials from abroad and processes in Hong Kong. Finished products are exported to Japan, India, the Middle East, etc. Business has been improving.
Since the history
of the subject is short in Hong Kong, consider it good for small business
engagements.
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.48.96 |
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UK Pound |
1 |
Rs.80.26 |
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Euro |
1 |
Rs.63.08 |
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%)