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MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
PERRY GEMS
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Registered Office : |
Office A, 4/F., Cheerful |
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Country : |
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Date of Incorporation : |
17.06. 2005. |
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Com. Reg. No.: |
35752741 |
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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 and Jewellery
Products, 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
PERRY
GEMS (
ADDRESS
Office A, 4/F., Cheerful
PHONE: 2739 5657, 3160 4237, 3160 4238
FAX: 2739 5658
E-MAIL: perrygems2000@hotmail.com
MANAGEMENT
Managing
Director: Mr. Dhaval
Kumar Vinod Chandra Patel
SUMMARY
Incorporated
on: 17th
June, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$2,500,000.00
Issued: HK$2,500,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 2. (Including
affiliate)
Main Dealing
Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking
Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Office A, 4/F ., Cheerful
Affiliated Companies:-
Perry Impex,
PM Jewels Ltd.,
Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
35752741
COMPANY FILE NUMBER
977829
MANAGEMENT
Managing
Director: Mr. Dhaval
Kumar Vinod Chandra Patel
CAPITAL
Nominal Share
Capital: HK$2,500,000.00 (Divided into 2,500,000 shares of HK$1.00 each)
Issued Share
Capital: HK$2,500,000.00
SHAREHOLDER
(As per registry dated 17-06-2008)
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Name |
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No. of shares |
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Dhaval Kumar Vinod Chandra PATEL |
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2,500,000 ======= |
DIRECTOR
(As per registry dated 17-06-2008)
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Name (Nationality) |
Address |
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Dhaval Kumar Vinod Chandra PATEL |
Flat 58, 8/F., Fortuna House, |
SECRETARY
(As per registry dated 17-06-2008)
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Name |
Address |
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Lodestar
Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, |
113023 |
HISTORY
The
subject was incorporated on 17th June, 2005 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly
the subject was located at Room 404A, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong, moved to the present address in recent
years.
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 products, etc.
Employees: 2. (Including affiliate)
Commodities
Imported:
Markets:
Terms/Sales: L/C,
T/T, etc.
Terms/Buying: L/C,
T/T, etc.
MEMBERSHIP
The Indian Chamber
of Commerce Hong Kong,
FINANCIAL INFORMATION
Nominal Share
Capital: HK$2,500,000.00 (Divided into 2,500,000 shares of HK$1.00 each)
Issued Share
Capital: HK$2,500,000.00
Mortgage or
Charge: (See attachment)
Profit & Loss: Making a small profit.
Condition: Business is normal.
Facilities: Making active use of general
banking facilities.
Payment: Met as required.
Commercial
Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp. Ltd.,
Bank
of
Standing:
GENERAL
Having
issued 2.5 million ordinary shares of HK$1.00 each, Perry Gems (
Mr.
Patel is a Hong Kong ID Card holder and has got the right to reside in
The
subject is a diamond importer, exporter and wholesaler.
Rough
diamonds are imported
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Product/Service |
Product/Service
Remarks |
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Fine Jewellery |
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Diamond |
Include
from Include
from Include
from |
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Precious and
Semi-Precious Jewellery |
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Jewellery – Gemset |
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Jewellery – Diamond |
Include
from Include
from Include
from |
Finished
products are marketed in Hong Kong, exported to
The
subject has got an affiliated company Perry Impex in
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
The
subject’s business is chiefly handled by Mr. Patel himself.
Besides
operating the subject, Mr. Patel is also a shareholder and director of another
diamond and jewellery firm PM Jewels Ltd., also a
Hong Kong-based and registered firm located at the subject’s operating address.. PM Jewels Ltd. was
also incorporated on 17th June, 2005.
The
history of the subject in
On the whole,
consider the subject good for small business engagements.
REMARKS
Court Cases: None per our.
Property
information of the company:-
Property Location: Office A on 4/F., Cheerful
Owner: Perry Gems (
Date of
Purchase: n.a.
Purchased
Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
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14-04-2008 |
- |
Bank of |
Mortgage to secure general banking facilities |
MORTGAGE OR CHARGE
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Date |
Particulars |
Amount |
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14-03-2006 |
Instrument: Charge
Over Accounts (Limited Company – Under Seal) Property: In consideration of the Bank agreeing to
grant or continuing to grant the Banking Facilities, the Chargor,
as beneficial owner and by way of fixed charge, assigns, charges and pledges
the “Charged Property” to Bank as a continuing security for the due payment
and satisfaction of the Secured Moneys by the Chargor
to the Bank on demand Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., |
To secure all monies in respect of banking facilities |
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14-04-2008 |
Instrument: Mortgage Property: 1/54th part or share of and in Kowloon Inland Lot Nos. 8485 & 8465 (Office A on 4/F. of Mortgagee: Bank
of |
To secure all moneys in respect of general banking facilities |
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 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%)