MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Name : |
AJAY DIAM LTD |
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Registered Office : |
11FL Hang Shun Commercial Bldg |
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Country : |
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Date of Incorporation : |
27.10.2004 |
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Com. Reg. No.: |
0930040 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in Trading Diamonds and Gold Watches |
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 Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
AJAY
DIAM LTD
11FL HANG SHUN COMMERCIAL BLDG
12 CAMERON RD TSIMSHATSUI KOWLOON, HONG
KONG.
TEL: 852-23167655 FAX: 852-23167611
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 27, 2004
REGISTRATION NO. :
0930040
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE : MR. AJAY PREMCHAND GANDHI
(CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.78997 = US$ 1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
*Company Registration*
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(1)
License number : 0930040
Date issued : 27 October, 2004
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 35031151-000
Issuing authority : Inland Revenue Dept.
Type of license : Business
(3)
License number : 20281759-000
Issuing authority : Inland Revenue Dept.
Type of license : Business
*Office & Facilities*
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Other fax no. : 23676675
Previous address : Gold Way Industrial Centre - Block B 16-20 Wing Kin
Rd Kwai Chung New Territories
*Corporate & Organization Structure*
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A small company operated and managed by
the owner.
*Capital Details*
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Share value : HKD 1.00/-each
Authorized capital : HKD
10,000.00
Paid-up capital : HKD 1.00 divided into 1ordinary share
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Approved Signatures*
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SME CORPORATE SERVICES LTD can sign on behalf of the company with seal
affixed.
www.ajaydiam.com
SC’s website is unable to be landed at present for the technical reason.
E-mail: ajay@ajaydiam.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: 1
Shareholders Country
%
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Mr. Ajay Premchand Gandhi India
100.00
*Company Secretary*
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SME CORPORATE SERVICES LTD
CR no : 952029
Address : Rm 305 Carpo
Commercial Bldg 18-20 Lyndhurst Terrace, Central Hong Kong
Management: Mr. Ajay Premchand Gandhi, General Manager
Ms. Rachel Cheng, Personal Assistant
Name Nationality
Job Description
Mr. Ajay Premchand Gandhi Indian General
Manager
Ms. Rachel Cheng Hong
Kong Personal Assistant
Products: Clocks
Diamond
Gold jewelry
Gold watches
Jewelry
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Document against Acceptance
(D/A)
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)Import
*Detailed Product Specifications*
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Specializes in trading diamonds and gold watches.
*Local Distribution Network*
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50% of the annual turnover is attributed to local sales.
*Export Markets*
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50% of the annual turnover is attributed to export worldwide.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts depending
on individual judgement experience.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
SC is considered small-sized in its line with a short history.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3873 Watches,
clocks, clockwork operated devices, and parts,
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7102 Diamonds,
worked or not, not mounted or set
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Trading 9100 Clocks
& watches & parts thereof
Trading 9114200000 Clock
or watch jewels
INTERNATIONAL TRADE:
ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to Taiwan
Exporting to USA
Importing from Asia
Importing from India
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.29 |
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UK Pound |
1 |
Rs.80.40 |
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Euro |
1 |
Rs.63.35 |
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%)