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MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
DIASQUA (HK) |
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Registered Office : |
Room 401-402, 4/F., Guardforce Centre, |
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Country : |
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Date of Incorporation : |
20.03. 2000. |
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Com. Reg. No.: |
30791742-001-03 |
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Legal Form : |
Sole Ownership. |
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Line of Business : |
Importer and Exporter all kinds of Diamonds and Jewellery Products, Gold and Silver Products, 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
DIASQUA (HK)
(Operated by DIASQUA INTERNATIONAL LTD.)
ADDRESS
Room 401-402, 4/F.,
Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon,
Hong Kong.
PHONE: 2209 6600, 2723 0237
FAX: 2209 6620, 2739 3132
E-MAIL: facets@diasqua.net
MANAGEMENT
Manager: Mr. Nimesh Piyush Mehta
SUMMARY
Establishment: 20th March, 2000.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Diamond Trader.
Employees: 15.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 401-402,
4/F., Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon,
Hong Kong.
Associated Companies:- (Same BR No.)
Diaglobe (HK), Hong Kong.
Diajewel (HK), Hong Kong.
Affiliated Companies:-
Diaglobe BVBA, Belgium.
Diaglobe Inc., USA.
Diasqua (Pacific) Pty. Ltd., Australia.
Diasqua (Thailand) Co. Ltd., Thailand.
Diasqua Impex Pte. Ltd., Singapore.
Diasqua Inc., USA.
Diasqua India Pvt. Ltd., India.
Diasqua Middle East LLC, UAE.
Diasqua Nippon Co. Ltd., Japan.
Diasqua Singapore Pte. Ltd., Singapore.
etc.
BUSINESS REGISTRATION NUMBER
30791742-001-03
MANAGEMENT
Manager: Mr. Nimesh Piyush Mehta
SOLE OWNER
Diasqua International
Ltd.,
HISTORY
The
subject was established on 20th March, 2000 as a sole ownership firm with Diasqua International Ltd. as the proprietor under the Hong
Kong Business Registration Regulations.
Originally,
the subject was located at Room 705-707, 7/F., Carnarvon
Plaza, 20 Carnarvon Road, Tsimshatsui,
Kowloon, Hong Kong, moved to the present address in
September 2004.
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, gold and silver products, precious
stones, etc.
Employees: 15.
Materials/Commodities:
Imported from India, Belgium, Israel, other European countries, etc.
Markets: Japan, India, other Asian
countries, the Middle East, etc.
Terms/Sales: L/C,
T/T, D/P, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
Diamond Federation
of Hong Kong, China Ltd., Hong Kong.
Hong Kong Jewelry
Manufacturers’ Association, Hong Kong.
FINANCIAL INFORMATION
Capital: Provided by Sole Owner.
Profit & Loss: Parent makes a small profit every year.
Condition: Keeping in a normal state.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Diasqua (HK) is operated by Diasqua International Ltd. [Diasqua
Intl] which is a Hong Kong-registered firm located at the same operating
address as the subject.
The
subject is a member of the Diasqua Group. The subject is trading in fancy diamonds,
certificated diamonds, etc.
Incorporated
on 20th March 2000, Diasqua Intl is wholly-owned by
the Mehta family. Having issued 55
million ordinary shares of HK$1.00 each, Diasqua Intl
is jointly owned by Mr. Nimesh Piyush
Mehta, holding 25 million shares, the rest 30 million shares are equally held
by Mr. Rajul Nimesh Mehta,
Mr. Romy Piyush Mehta, and
Mr. Vimesh Piyush Mehta.
The
Diasqua Group is a dedicated member of the diamond,
gems and jewellery industry with strong roots dating
back to three generations. Today its
core business involves sourcing, distribution and marketing of an extensive
range of polished diamonds.
For
more than seventy years, the Group’s skills and reputation have passed from
generation to generation each driven by a passion for diamonds and zeal for
enterprise. Over the years, the Group
has developed a strong liaison with its customers, suppliers and business
associates.
With
humble beginnings in Madras (now, Chennai) dating back to 1933, the Group’s
global marketing network extends to twelve offices in ten countries. Its successful forward integration into
diamond studded jewellery in 1998.
In
2000, the Group set up its first venture in the Southern Hemisphere-Diasqua Pacific Pty. Ltd., Sydney, Australia. In 2003, Diasqua
Middle East at Dubai incorporated.
Operations started in August, the same year. In 2006, Diasqua
India Pvt. Ltd. established in India.
The
subject is fully supported by the Group.
Group turnover is very significant.
On the whole,
consider the subject good for normal business engagements.
COURT CASES: None
per our.
name of the company
DIASQUA INTERNATIONAL
LTD.
[Trading as:
DIASQUA (HK), DIAGLOBE (HK) and DIAJEWEL (HK)]
ADDRESS
Room 401-402,
4/F., Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon,
Hong Kong.
BUSINESS REGISTRATION NUMBER
30791742
COMPANY FILE NUMBER
709126
DATE OF INCORPORATION
20th March, 2000.
CAPITAL
Nominal Share
Capital: HK$55,000,000.00 (Divided into 55,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$55,000,000.00
SHAREHOLDERS
(As per registry dated 17-09-2008)
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Name |
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No. of shares |
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Nimesh Piyush
MEHTA |
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25,000,000 |
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Rajul Nimesh
MEHTA |
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10,000,000 |
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Romy Piyush
MEHTA |
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10,000,000 |
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Vimesh Piyush MEHTA |
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10,000,000 |
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––––––––– |
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Total: |
55,000,000 ======== |
DIRECTORS
(As per registry dated 17-09-2008)
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Name (Nationality) |
Address |
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Nimesh Piyush MEHTA |
Flat B2, 20/F., Greenfield Terrace, 26 Homantin Hill Road, Kowloon,
Hong Kong. |
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Romy Piyush MEHTA |
Duplex B, 17/F. & 18/F., Tower 2, The
Astrid, 180 Argyle Street, Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 17-09-2008)
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Name |
Address |
Co. No. |
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First
Island Secretaries Ltd. |
Room 905, 9/F., Silvercord, Tower 2, 30
Canton Road, Tsimshatsui, Kowloon,
Hong Kong. |
49295 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.79 |
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UK Pound |
1 |
Rs.81.27 |
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Euro |
1 |
Rs.63.91 |
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%)