MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
H. H.
DIAMOND SALES LTD. |
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Registered Office : |
Flat A, 16/F., |
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Country : |
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Date of Incorporation : |
10.08.1998 |
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Com. Reg. No.: |
21922079 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Diamonds. |
RATING & COMMENTS
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MIRAs 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 & address
H. H. DIAMOND SALES
LTD.
ADDRESS
Flat A, 16/F.,
PHONE: 2314 7606
FAX: 2367 7281
E-MAIL: hhdiamond@hkstar.com
MANAGEMENT
Managing
Director: Mr. Mukund
Himatlal Zaveri
SUMMARY
Incorporated on: 10th August, 1998.
Organization: Private Limited Company.
Capital: Nominal: HK$500,000.00
Issued: HK$200,000.00
Business Category: Diamond Trader.
Employees: 3.
Main Dealing Banker: Industrial & Commercial Bank of
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Flat A, 16/F.,
BUSINESS REGISTRATION NUMBER
21922079
COMPANY FILE NUMBER
651913
MANAGEMENT
Managing
Director: Mr. Mukund
Himatlal Zaveri
CAPITAL
Nominal Share Capital:
HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)
Issued Share
Capital: HK$200,000.00
SHAREHOLDERS
(As per registry dated 10-08-2008)
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Name |
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No. of shares |
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Mukund Himatlal
ZAVERI |
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100,000 |
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Sonal Mukund ZAVERI |
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100,000 |
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Total: |
200,000 ====== |
DIRECTORS
(As per registry dated 10-08-2008)
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Name (Nationality) |
Address |
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Mukund Himatlal ZAVERI |
15B, |
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Sonal Mukund ZAVERI |
15B, |
SECRETARY
Mukund Himatlal ZAVERI (As per registry dated 10-08-2008)
HISTORY
The
subject was incorporated on 10th August, 1998 as a private limited liability
company under the Hong Kong Companies Ordinance.
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.
Employees: 3.
Commodities Imported:
Markets:
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share
Capital: HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)
Issued Share
Capital: HK$200,000.00
Profit & Loss: Making a small profit.
Condition: Business is rather active.
Facilities: Making active use of general banking
facilities.
Payment: Met
as required.
Commercial
Morality: Satisfactory.
Banker: Industrial & Commercial Bank of
Standing:
GENERAL
Having
issued 200,000 ordinary shares of HK$1.00 each, H. H. Diamond Sales Ltd. is
equally owned by Mr. Mukund Himatlal
Zaveri and Mr. Sonal Mukund Zaveri. They are also directors of the subject.
Having
been in Hong Kong for a very long time, the two Zaveris
are Hong Kong ID Card holders and have got the right to reside in
The
subject is a polished diamond importer, exporter and wholesaler. Size of diamonds supplied ranges from 0.01
carat to 0.70 carat. Diamonds supplied
can be full cut or single cut.
Raw
materials are imported from
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.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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 SCs 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%)