MIRA
INFORM REPORT
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Report Date : |
19.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
HAAP DIAM |
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Registered Office : |
Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.09.2006 |
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Com. Reg. No.: |
37191616-000-09 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, gem 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 : |
Usually Correct |
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Litigation : |
Clear |
name
HAAP
DIAM
Address
Flat G, 15/F., Windsor Mansion,
29-31 Chatham Road,
Tsimshatsui, Kowloon,
Hong Kong.
ADDRESS
Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: Not Available
FAX: Not Available
MANAGEMENT
Manager: Mr. Hamir Dahyabhai Dangar
SUMMARY
Establishment: 27th September, 2006.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Head Office:-
Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
37191616-000-09
MANAGEMENT
Manager: Mr. Hamir Dahyabhai Dangar
SOLE PROPRIETOR
Name: Mr. Hamir Dahyabhai DANGAR
Residential
Address: Flat G, 15/F., Windsor Mansion,
29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The
subject was established on 27th September, 2006 as a sole proprietorship
concern owned by Mr. Rahul Bhikhabhai Talauia under the Hong Kong Business
Registration Regulations.
The following table shows the changes of the partners:-
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Name |
Incoming Date |
Outgoing Date |
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Rahul Bhikhabhai Talavia |
27-09-2006 |
03-04-2007 |
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Hamir Dahyabhai Dangar |
07-03-2007 |
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At the very beginning, the subject was located at Flat G, 11/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat G, 15/F. of the same building in March 2007.
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, gem stones, etc.
Employees: Nil.
Commodities Imported: India, etc.
Markets: Hong Kong, other Asian countries, etc.
Terms/Sales: L/C.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Suffered from a small loss in 2007.
Condition: Business is still under development.
Facilities: Trying to make use of general banking facilities.
Payment: Met obligations on time.
Commercial Morality: Fairly satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Happ Diam is a sole proprietorship owned by Mr. Hamir Dahyabhai Dangar who is an India passport holder.
Danger joined in the subject on 7th March, 2007 and does not have the right to reside in Hong Kong permanently.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.
The subject does not have its own operating office. Its registered address is in the residence of the sole proprietor. Business is not very active in Hong Kong.
Business commenced in September 2006, the subject is trading in loose diamonds, precious stones, gem stones, semi-precious stones, etc. Gem stones and diamonds are processed, polished and cut in Hong Kong. Finished products are exported to Asian countries, etc.
The subject’s business is chiefly handled by Mr. Hamir Dahyabhai Dangar himself. The subject is a one-man-company.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.
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.46.71 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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%)