MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
UNI DIAM |
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Registered Office : |
Room 1207, 12/F., |
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Country : |
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Date of Incorporation : |
28.02. 2003. |
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Com. Reg. No.: |
33385023-000-02 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer and
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 of the company
UNI
DIAM
ADDRESS
Room
1207, 12/F.,
PHONE: 2723 2244
FAX: 2723 2254
E-MAIL: unidiam@rediffmail.com
MANAGEMENT
Manager: Mr. Ritesh Raichand Hirawat
SUMMARY
Establishment: 28th February, 2003.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: 4.
Main Dealing Banker: The Hongkong
& Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room
1207, 12/F.,
Affiliated Company:-
Dharamchand Paraschand Exports,
BUSINESS REGISTRATION NUMBER
33385023-000-02
MANAGEMENT
Manager: Mr. Ritesh Raichand Hirawat
SOLE PROPRIETOR
Name: Mr. Ritesh Raichand HIRAWAT
Residential Address:
Flat C, 8/F.,
HISTORY
The
subject was established on 28th February, 2003 as a sole proprietorship concern
owned by Mr. Ritesh Raichand
Hirawat under the Hong Kong Business Registration
Regulations.
Initially
the subject was located at Flat C, 8/F., Winston Mansion, 121‑123 Chatham
Road, Tsimshatsui, Kowloon,
Hong Kong, moved to the present address in June 2003.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and jewellery products, emerald, precious stones, etc.
Employees: 4.
Commodities
Imported:
Markets:
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Making a small profit every year.
Condition: Business is normal.
Facilities: Making rather active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Uni Diam
is a sole proprietorship set up on and owned by Mr. Ritesh
Raichand Hirawat under the
Hong Kong Business Registration Regulations.
Mr.
Hirawat is a Hong Kong ID Card holder and has got the
right to reside in
The
subject is trading in loose diamonds, carat size diamonds, emerald, precious
stones, etc. Rough diamonds are imported
from
The
subject has got an affiliated company in
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
On the whole,
consider the subject good for normal 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.49.29 |
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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%)