%20%20LTD%20%2019-Nov-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
19.11.2008 |
IDENTIFICATION DETAILS
|
Name : |
EMBASSY INTERNATIONAL (H.K.)
LTD. |
|
|
|
|
Registered Office : |
Unit
D, 26/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.07. 2006. |
|
|
|
|
Com. Reg. No.: |
36954081 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, etc. |
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
EMBASSY
INTERNATIONAL (H.K.) LTD.
ADDRESS
Unit D,
26/F.,
Phone: 2368 4768
Fax: 2739 5226
E-Mail: embassyhk@gmail.com
MANAGEMENT
Managing Director: Mr. Puran Singh Bajetha
SUMMARY
Incorporated on: 11th July, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employees: 3.
Main
Dealing Banker:The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Fair.
ADDRESS
Registered Head Office:-
Unit
D, 26/F.,
Affiliated Company:-
Embassy International,
Associated Companies:-
Gandhi Enterprises
Co. Ltd.,
Gandhi Enterprises,
Gandhi Jewels, Hong Kong.
Gemporium Inc.,
BUSINESS REGISTRATION NUMBER
36954081
COMPANY FILE NUMBER
1058238
MANAGEMENT
Managing Director: Mr. Puran Singh Bajetha
Contact Person: Mr. Dipen Gandhi
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 11-07-2008)
|
Name |
|
No. of shares |
|
Chirag Mahendra GANDHI |
|
5,000 |
|
Yogesh Ratilal GANDHI |
|
4,800 |
|
Puran Singh BAJETHA |
|
200 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 11-07-2008)
|
Name (Nationality) |
Address |
|
Puran Singh BAJETHA |
Flat B, 3/F., |
|
Chirag Mahendra GANDHI |
1201/C Tirupati Apt., |
|
Yogesh Ratilal GANDHI |
Suashish B/H, |
SECRETARY
(As per registry dated 11-07-2008)
|
Name |
Address |
|
|
Harris Secretaries Ltd. |
7/F., Hong Kong Trade Centre, |
31138 |
HISTORY
The subject was incorporated on 11th July, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
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 products, emerald, precious stones, etc.
Employees: 3.
Commodities
Imported:
Markets:
Terms/Sales: L/C.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit & Loss: Suffering from a small loss in the past years.
Condition: Business is still under development.
Facilities: Trying to make use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Embassy International (H.K.) Ltd. is jointly owned by three Indian: Mr. Chirag Mahendra Gandhi, holding 50% interest; Mr. Yogesh Ratilal Gandhi, holding 48%; and Mr. Puran Singh Bajetha, 2%.
The subject is a diamond importer, exporter and wholesaler.
The subject has had connection with Gandhi Enterprises [Gandhi], an India-based firm, which is also a diamond trader. Gandhi is controlled by the Gandhi family.
The
subject is trading in the same kinds of commodities of Gandhi, more or
less. Gandhi is trading in diamonds,
sapphires (all colours), rubies, emeralds, Tanzanites and semi precious gems,
white diamonds, natts diamonds. Sizes
ranging from 0.5 pointer to 5 carats.
Currently, Gandhi has set up subsidiary firms in Hong Kong and the
The
subject’s raw materials are imported from
The
subject has got an affiliated diamond manufacturing factory in
The
subject’s business is chiefly handled by Mr. Puran Singh Bajetha who has got a
Hong Kong ID card and has got the right to reside in
Since the history of the subject is just over two years, consider it good for normal business engagements on L/C basis for the time being.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.52 |
|
|
1 |
Rs.75.54 |
|
Euro |
1 |
Rs.63.12 |
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%)