MIRA
INFORM REPORT
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Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
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Name : |
R. J.
EXPORTS |
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Registered Office : |
Room 803, 8/F., Tower 2, Harbour Centre, |
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Country : |
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Date of Incorporation : |
09.06.1999. |
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Com. Reg. No.: |
30146729-000-06 |
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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, 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 Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
R. J. EXPORTS
ADDRESS
Room 803, 8/F.,
Tower 2, Harbour Centre,
PHONE: 2376 3477
FAX: 2376 3693
E-MAIL: zaveri@netvigator.com
MANAGEMENT
Manager: Mr. Rakesh Zaveri
SUMMARY
Establishment: 9th June, 1999.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Annual Turnover: HK$8-10 million.
Employees: 3.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room
803, 8/F., Tower 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong
Kong.
Affiliated Company:-
J.
K. Gems,
BUSINESS REGISTRATION NUMBER
30146729-000-06
MANAGEMENT
Manager: Mr. Rakesh Zaveri
SOLE PROPRIETOR
Name: Mr. Rakesh ZAVERI
Residential
Address: Flat A, 8/F., Bo
HISTORY
The
subject was established on 9th June, 1999 as a sole proprietorship concern owned
by Mr. Rakesh Zaveri under the Hong Kong Business Registration Regulations.
At
the very beginning, the subject was located at Flat B, 8/F., Bo Yip Building, 6
Ashley Road, Tsimshatsui, Kolwoon, Hong Kong, moved to the present address in
April 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, emerald, etc.
Employees: 3.
Commodities
Imported
Markets: Asian
countries,
Annual Turnover: HK$8-10 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a small profit every year.
Condition: Business is rather steady.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Small.
GENERAL
R.
J. Exports is a sole proprietorship set up and owned by Mr. Rakesh Zaveri who
is an Indian and has been in
Business
commenced in June 1999, the subject is trading in loose diamonds, emerald,
precious stones, ruby jade, gem stones, semi-precious stones, blue or coloured
sapphire, etc.
The
subject imports diamond, gem stones and jade from
The
subject has got an affiliated company J. K. Gems located at its operating
address. J. K. Gems is also a diamond
and gem stone trader. Business is
handled by Mr. Jayant K. Jhaveri who is also an Indian. J. K. Gems is a member of The Indian Chamber
of Commerce Hong Kong,
Since
the history of the subject is over nine years in
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.50.09 |
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1 |
Rs.74.90 |
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Euro |
1 |
Rs.63.40 |
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%)