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MIRA
INFORM REPORT
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Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
HARSH DIAM
(H.K.) LTD. |
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Registered Office : |
Unit 15, 17/F., Rise Commercial Building, 5-11 Granville Circuit,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.01.2006. |
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Com. Reg. No.: |
36392314 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer,
Wholesaler and Re-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 & address
HARSH
DIAM (H.K.) LTD.
ADDRESS
Unit 15, 17/F.,
Rise Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon, Hong
Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Managing
Director: Mr. Sanjay Jayantilal Shah
SUMMARY
Incorporated on: 20th January, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Diamond Trader.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Registered Head Office:-
Unit 15, 17/F.,
Rise Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon, Hong
Kong.
BUSINESS REGISTRATION NUMBER
36392314
COMPANY FILE NUMBER
1020793
MANAGEMENT
Managing
Director: Mr. Sanjay Jayantilal Shah
CAPITAL
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1.00
SHAREHOLDER
(As per registry dated 20-01-2008)
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Name |
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No. of share |
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Sanjay Jayantilal SHAH |
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1 = |
DIRECTOR
(As per registry dated 20-01-2008)
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Name (Nationality) |
Address |
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Sanjay
Jayantilal SHAH |
Room 907, 9/F., Wayson Commercial
Building, 20 Connaught Road West, Sheung Wan, Hong Kong. |
SECRETARY
(As per registry dated 20-01-2008)
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Name |
Address |
Co. No. |
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W.H.S.
Consultants Ltd. |
Room 907, 9/F., Wayson Commercial Building, 20 Connaught Road
West, Sheung Wan, Hong Kong. |
873536 |
HISTORY
The subject was
incorporated on 20th January, 2006 as a private limited liability company under
the Hong Kong Companies Ordinance.
Formerly the
subject was located at Flat 1, 4D, 4/F., Hang Wan Building, 42‑44
Granville Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address
with effect from 24th July, 2008.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Wholesaler and Re-exporter.
Lines: All kinds
of diamonds and jewellery products, emerald, precious stones, etc.
Employees: 3.
Commodities
Imported: India, Belgium,
other European countries, etc.
Markets: Japan, India, other Asian countries, etc.
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$1.00
Profit & Loss: Suffering from a small loss in the past years.
Condition: Business still under development.
Facilities: Making fairly active 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
Having issued 1
ordinary share of HK$1.00, Harsh Diam (H.K.) Ltd. is wholly-owned by Mr. Sanjay
Jayantilal Shah who is an Indian. He is
also the only director of the subject.
Being an India passport holder, he does not have the right to reside in
Hong Kong permanently.
The subject’s
telephone number and fax number have not registered with local telephone
company nor listed on telephone directories.
It just moved to the present address in late July 2008.
The subject is a
diamond and jewellery product trader.
Raw materials are imported from India, Belgium and other European
countries, etc. Some of the commodities
are polished and cut diamonds. Polished
and cut diamonds are wholesaled in Hong Kong or re-exported to Japan, India and
other Asian countries. Business is still
under development.
The subject’s old
registered address “Flat 1, 4D, 4/F., Hang Wan Building, 42‑44 Granville
Road, Tsimshatsui, Kowloon, Hong Kong” is in a residential building which is
considered to be the residence of the sole shareholder.
The subject’s
business has been improving since 24th July, 2008.
On the whole,
consider the subject good for normal 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.46.96 |
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UK Pound |
1 |
Rs.83.91 |
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Euro |
1 |
Rs.66.36 |
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%)