MIRA
INFORM REPORT
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Report Date : |
10.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
UNITY DIAM |
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Registered Office : |
Room 1011, 10/F, Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.08.2003. |
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Com. Reg. No.: |
33836317-000-08 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer, Exporter and Wholesaler of All kinds of diamonds and Jewellery. |
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
UNITY DIAM
Address
Room 1011, 10/F., Peninsula Square, West Wing,
18 Sung On Street, Hunghom, Kowloon,
Hong Kong.
ADDRESS
Room 1011, 10/F., Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2367 8114
FAX: 2368 7147
MANAGEMENT
Manager: Mr. Mukesh Gopalbhai Dholakiya
SUMMARY
Establishment: 15th August, 2003.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fairly satisfactory.
ADDRESS
Head Office:-
Room 1011, 10/F., Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
33836317-000-08
MANAGEMENT
Manager: Mr. Mukesh Gopalbhai Dholakiya
SOLE PROPRIETOR
Name: Mr. Mukesh Gopalbhai DHOLAKIYA
Residential Address: 4/F., 12 Observatory Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 15th August, 2003 as a sole proprietorship concern owned by Mr. Mukesh Gopalbhai Dholakiya under the Hong Kong Business Registration Regulations.
At the very beginning, the subject was located at 4/F., 12 Observatory Road, Tsimshatsui, Kowloon, Hong Kong, moved to Block E, 4/F., South Sea Apartment, 81 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong in October 2004; to Room 1603, 16/F., Winfield Commercial Building, 6‑8A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong in November 2004; and further moved to the present address in October 2005.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery.
Employees: 3.
Commodities Imported: India, Belgium, other European countries, etc.
Markets: Japan, India, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a small profit every year.
Condition: Keeping in a normal state.
Facilties: Making rather active use of general banking facilities.
Payment: Met trade commitments on time
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Established on 15th August, 2003, Unity Diam is a sole proprietorship wholly owned by Mr. Mukesh Gopalbhai Dholakiya who is an Indian holding an India passport. Mr. Dholakiya has got the right to reside in Hong Kong permanently.
The subject has got affiliated companies located at its operating address while those firms have close business ties with some diamond trading firms in China.
The subject is trading in loose diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured sapphire, etc.
Raw materials are imported from India, Belgium and other European countries, etc. Some of the commodities are polished diamonds. Raw diamonds are polished or processed in Hong Kong. Finished products and polished diamonds are exported or re-exported to Japan, India and other Asian countries. Business is just fair.
The subject has got an affiliated company in Luohu District, Shenzhen Special Economic Zone, China.
The subject has three employees in Hong Kong while all of them are Indian.
The subject’s business is chiefly handled by Mr. Dholakiya himself. Has got affiliated diamond company or factory in India.
Since the history of the subject is just over five years in Hong Kong, consider it good for small business engagements.
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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)