MIRA
INFORM REPORT
|
Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
TRISHA GEMS |
|
|
|
|
Registered Office : |
Flat D, 11/F., Windsor Mansion, 21-31 Chatham Road South,
Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
07.07.2004. |
|
|
|
|
Com. Reg. No.: |
34705612-000-07 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Manufacturer, Importer and Exporter 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 Concern |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
TRISHA GEMS
ADDRESS
Flat D, 11/F., Windsor Mansion, 21-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2723 7775
FAX: 2723 7072
MANAGEMENT
Manager: Mr. Amitkumar Himmatlal Gajera
SUMMARY
Establishment: 7th July, 2004.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Fair.
ADDRESS
Registered Office:-
Room 1206, 12/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
Head Office:-
Flat D, 11/F., Windsor Mansion, 21-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
34705612-000-07
MANAGEMENT
Manager: Mr. Amitkumar Himmatlal Gajera
SOLE PROPRIETOR
Name: Mr. Amitkumar Himmatlal GAJERA
Residential Address: 402
Triveni Apartments, Jalalpore Road, Post-Dist Navsari Gujarat 396445, India.
HISTORY
The subject was established on 7th July, 2004 as a sole proprietorship concern owned by Mr. Dilip Keshavbmai Malani under the Hong Kong Business Registration Regulations. However, Mr. Malani retired on 24th January, 2007. On 15th January, 2007, Mr. Amitkumar Himmatlal Gajera joined in and become the sole proprietor.
Apart from these, neither material change nor amendment has
been ever traced and noted.
OPERATIONS
Activities: Manufacturer, Importer and Exporter.
Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.
Employees: Nil.
Materials/Commodities: India, Belgium, other European countries, etc.
Markets: Japan, India, other Asian countries, etc.
Terms/Sales: L/C.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Kept a balance account in the past years.
Condition: Business is fairly active.
Facilities: Banking facilities are not actively used.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: Indian Overseas Bank, Hong Kong Branch.
Standing: Small.
GENERAL
Trisha Gems is a sole proprietorship set up and originally owned by Mr. Dilip Keshavbmai Malani who is an Indian. Now, the sole proprietor is Mr. Amitkumar Himmatlal Gajera who joined in the subject on 15th January, 2007. Mr. Gajera is an India passport holder.
The subject’s operating address is located at Flat D, 11/F., Windsor Mansion, 21-31 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong where is supposed to be the residence of Mr. Gajera. However, this new address has not been registered with the Inland Revenue Department Business Registration Office of the Hong Kong SAR Government.
Business commenced in July 2004, the subject is a manufacturer and exporter of cubic zirconia studded sterling silver rings, silver earrings, silver pendants, silver bracelets, silver necklace, silver jewellery, etc.
According to Mr. Gajera, the subject has got an affiliated company in Maharashira, India bearing the same name. India Trisha Gems is engaged in polishing and cutting gems and diamonds.
The subject imports polished and cut diamonds and is engaged in further processing in Hong Kong. Finished products are exported to Japan, India, other Asian countries, etc. Business is just fairly active.
Business handled by Mr. Gajera himself, the subject is just a one-man-company. Keeping a balance account most of the time.
Since the subject does not have its own operating office, has no employees in Hong Kong and newly changed hands, consider it good for business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.46 |
|
UK Pound |
1 |
Rs.83.37 |
|
Euro |
1 |
Rs.64.46 |
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%)