MIRA
INFORM REPORT
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Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
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Name : |
KOWLOON IMPEX CO. |
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Registered Office : |
Room A, 4/F., |
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Country : |
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Date of Incorporation : |
03.11. 2004 |
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Com. Reg. No.: |
35047948-000-11 |
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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, Emerald, Precious Stones, etc. |
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
KOWLOON
IMPEX CO.
ADDRESS
Room A,
4/F.,
PHONE: Not available
FAX: Not available
Note:
This is to answer your enquiry on:
Kowloon Impex Co
4-A
4th Floor A
There are mistakes in your given address.
MANAGEMENT
Manager: Mr. Dusad Rohit
SUMMARY
Establishment: 3rd November, 2004.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Fair.
ADDRESS
Head Office:-
Room
A, 4/F.,
BUSINESS REGISTRATION NUMBER
35047948-000-11
MANAGEMENT
Manager: Mr. Dusad Rohit
SOLE PROPRIETOR
Name: Mr. Dusad ROHIT
Residential
Address: 4505, Jew Trade Centre,
HISTORY
The subject was established on 3rd November, 2004 as a partnership concern jointly owned by three Indian under the Hong Kong Business Registration Regulations.
The following table shows the changes of the partners:-
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Name |
Incoming Date |
Outgoing Date |
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Natani Pradeep |
03-11-2004 |
15-10-2007 |
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Rohit Dusad |
03-11-2004 |
17-12-2004 |
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Mahipal Rajesh |
03-11-2004 |
17-12-2004 |
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Palta Bhavuk |
08-04-2005 |
24-04-2006 |
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Dusad Rohit |
24-04-2006 |
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Initially the subject was located at Flat A Rear, 6/F., Ocean View Court, 31 Mody Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat C, 9/F., Wing Lee Building, 27-33 Kimberly Road, Tsimshatsui, Kowloon, Hong Kong in October 2007 and further to the present address in March 2008.
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, emerald, precious stones, etc.
Employees: Nil.
Commodities
Imported:
Markets:
Terms/Sales: L/C.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Kept a balance in the past years.
Condition: Business is fairly active.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Originally,
Kowloon Impex Co. was founded by three Indian but now all of them have
retired. Now, the subject is solely
owned by Mr. Dusad Rohit who is a
The
subject’s registered address is located at Room A, 4/F., Prat Mansion, 26‑36
Prat Avenue, Tsimshatsui, Kowloon, Hong Kong where Prat Mansion is a
residential building. It is likely that
the subject’s Hong Kong registered address is also Mr. Rohit’s
The
subject is trading in loose diamonds, emerald, precious stones, ruby jade, gem
sets, semi-precious stones, blue or coloured sapphire, Tanzanite, etc. Commodities are imported from
Business is chiefly handled by Mr. Rohit, the subject is just a one-man-company. Keeping a balance account most of the years.
Since
the subject does not have its own operating office and has no employees in
COURT CASES: None per our records.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)