MIRA
INFORM REPORT
|
Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
|
Name : |
PM JEWELS
LTD. |
|
|
|
|
Registered Office : |
Office A, 4/F., Cheerful |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.06. 2005. |
|
|
|
|
Com. Reg. No.: |
35752759 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Diamonds and Jewellery Products, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name of the company
PM
JEWELS LTD.
ADDRESS
Office A, 4/F .,
Cheerful
PHONE: 2739 5657, 3160 4237, 3160 4238
FAX: 2739 5658
E-MAIL: contact_us@pmjewels.com
MANAGEMENT
Managing
Director: Mr. Dhaval Kumar Vinod Chandra
Patel
SUMMARY
Incorporated on: 17th June, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
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 Gems (Hong
Kong) Ltd.,
Perry Impex,
BUSINESS REGISTRATION NUMBER
35752759
COMPANY FILE NUMBER
977832
MANAGEMENT
Managing
Director: Mr. Dhaval Kumar Vinod Chandra
Patel
CAPITAL
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 17-06-2008)
|
Name |
|
No.
of shares |
|
Rasik
Kumar Popatlal MANGUKIYA |
|
3,000 |
|
Dhaval Kumar Vinod Chandra PATEL |
|
7,000 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 17-06-2008)
|
Name (Nationality) |
Address |
|
Rasik Kumar
Popatlal MANGUKIYA |
Flat 58, 8/F., Fortuna House, |
|
Dhaval Kumar
Vinod Chandra PATEL |
Flat 58, 8/F., Fortuna House, |
SECRETARY
(As per registry dated 17-06-2008)
|
Name |
Address |
|
|
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.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
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 10,000 ordinary shares of HK$1.00 each, PM Jewels Ltd. is jointly owned
by Mr. Rasik Kumar Popatlal Mangukiya, holding 30% interest, and Mr. Dhaval
Kumar Vinod Chandra Patel, holding 70%.
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
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 Perry Gems (
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 affiliate:-
Property Location: Office A on 4/F., Cheerful
Owner: Perry Gems (
Date of
Purchase: n.a.
Purchased
Price: n.a.
Incumbrances:-
|
Date
of Mortgage |
Amount
Consideration |
Mortgagee |
Nature |
|
14-04-2008 |
- |
Bank of |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.95 |
|
|
1 |
Rs.79.56 |
|
Euro |
1 |
Rs.63.65 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)