MIRA
INFORM REPORT
|
Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SRVB INTERNATIONAL |
|
|
|
|
Registered Office : |
Room 1, 7/F., 1-1A Hanoi Road, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
03.10.2007 |
|
|
|
|
Com. Reg. No.: |
38725044-000-10 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Wholesaler 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 Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
SRVB
INTERNATIONAL
Address
c/o F.T.A. International
Room 1, 7/F., 1-1A Hanoi Road,
Tsimshatsui, Kowloon,
Hong Kong
(Your enquiry given as:
S R V B INTERNATIONAL
of the same address.)
ADDRESS
c/o F.T.A. International
Room 1, 7/F., 1-1A Hanoi Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 3107 5081
FAX: 3107 5081
MANAGEMENT
Manager: Mr. Sunil Chaturbhai Patel [Mobile Phone No. 9752 0508]
SUMMARY
Establishment: 3rd October, 2007.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Head Office:-
c/o F.T.A. International
Room 1, 7/F., 1-1A Hanoi Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated Company:-
Sunny Diamonds
Flat B, 9/F., Golden Glory Mansion, 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
38725044-000-10
MANAGEMENT
Manager: Mr. Sunil Chaturbhai Patel [Mobile Phone No. 9752 0508]
SOLE PROPRIETOR
Name: Mr. Sunil Chaturbhai PATEL
Residential Address:
Flat
B, 9/F., Golden Glory Mansion, 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong
Kong.
HISTORY
The subject was established on 3rd October, 2007 as a sole proprietorship concern owned by Mr. Sunil Chaturbhai Patel under the Hong Kong Business Registration Regulations.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Wholesaler and Exporter.
Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.
Employees: Nil.
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
Capital: Not disclosed.
Profit & Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Trying to make use of general banking facilities.
Payment: May be meet as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
SRVB International is a sole proprietorship set up on 3rd October, 2007 and owned by Mr. Sunil Chaturbhai Patel who is an Indian. Patel has been in Hong Kong for a very long time and is a Hong Kong ID Card holder.
The subject is a diamond and precious stone trader.
The subject does not have its operating office. Its registered address is in the office of F.T.A. International which is also an Indian firm. F.T.A. International is owned and operated by Mr. Krish. This firm is trading in the following commodities: laptops, computer accessories, consumables, mobile phones, CD-R, LCD projectors, MP3 players, USB hard drive, incense sticks, massage oils, aromatherapy oils, scented candles, etc. The operating address of F.T.A. International is the corresponding address of the subject.
The subject’s operating address seems to be in Patel’s residential address located at Flat B, 9/F., Golden Glory Mansion, 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong. There is also another firm known as Sunny Diamonds in this address. Sunny Diamonds is also owned and operated by Patel.
Sunny Diamonds and the subject are engaged in the same lines of business. Established on 12th May, 1990, Sunny Diamonds is importing and wholesaling diamonds and precious stones. Commodities such as loose diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured sapphire, Tanzanite, etc. are imported from European countries and India. Some of the rough diamonds are polished or processed in Hong Kong. Finished products and polished diamonds are exported to Japan, India and other Asian countries, etc. Business is normal. Making a very small profit every year.
The business of these two firms is handled by Patel.
Since the history of the subject is just over one year in Hong Kong, consider it good for normal business engagements on L/C basis.
COURT CASES
None per our.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.72 |
|
UK Pound |
1 |
Rs.82.17 |
|
Euro |
1 |
Rs.65.90 |
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%)