MIRA INFORM REPORT
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Report Date : |
18.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
JAVA TRADING LTD. |
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Registered Office : |
Room 1605, 16/F.,
Wing Kwok Centre, 182 Woosung Street, Jordan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.03.2004 |
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Com. Reg. No.: |
34407553 |
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Legal Form : |
Private Limited
Company. |
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Line of Business : |
Importer and
Exporter. All kinds of
diamonds and jewellery products, precious stones, emerald, 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
JAVA
TRADING LTD.
Address
Room 1605, 16/F.,
Wing Kwok Centre,
182 Woosung
Street, Jordan,
Kowloon, Hong
Kong.
ADDRESS
Room 1605, 16/F.,
Wing Kwok Centre, 182 Woosung Street, Jordan, Kowloon, Hong Kong.
Phone: 9580
6110 (Mobile)
Fax: 2770 5121
MANAGEMENT
Managing
Director: Mr. Abhay Suresh Parikh
SUMMARY
Incorporated
on: 24th March, 2004.
Organization: Private Limited Company.
Capital: Nominal: US$10,000.00
Issued: US$10,000.00
Business Category: Diamond
Trader.
Employees: 4.
Main Dealing
Banker:
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 1605, 16/F., Wing
Kwok Centre, 182 Woosung Street, Jordan, Kowloon, Hong Kong.
Holding Company:-
Paras
Diamonds Pvt. Ltd.
Nagin Mahal, 6th
Floor, 82, Veer Nariman Road, Churchgate, Mumbai-400020, Maharashtra, India.
[Tel: 022-2204
6537, 2204 2776; Fax: 022-2204 1807]
BUSINESS REGISTRATION NUMBER
34407553
COMPANY FILE NUMBER
891315
MANAGEMENT
Managing
Director: Mr. Abhay Suresh Parikh
CAPITAL
Nominal Share
Capital: US$10,000.00 (Divided into 10,000 shares of US$1.00 each)
Issued Share Capital:
US$10,000.00
SHAREHOLDER: (As
per registry dated 24-03-2008)
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Name |
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No. of shares |
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Paras
Diamonds Pvt. Ltd. Nagin Mahal, 6th Floor, 82, Veer Nariman Road, Churchgate,
Mumbai-400020, Maharashtra, India. |
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10,000 ===== |
DIRECTORS: (As
per registry dated 24-03-2008)
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Name (Nationality) |
Address |
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Abhay Suresh
PARIKH |
19-Nagin Mahal, 82, Veer Nariman Road,
Churchgate, Mumbai-400020, Maharashtra, India. |
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Atul Kirtilal
PARIKH |
19-Nagin Mahal, 82, Veer Nariman Road, Churchgate,
Mumbai-400020, Maharashtra, India. |
SECRETARY: (As
per registry dated 24-03-2008)
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Name |
Address |
BR No. |
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Standard
Authorised Associates |
Room 2808-2810, 28/F., Shui On Centre, 6-8 Harbour Road, Wanchai, Hong
Kong. |
33032773 |
HISTORY
The subject was
incorporated on 24th March, 2004 as a private limited liability company under
the Hong Kong Companies Ordinance.
Formerly the
subject was located at Flat A, 9/F., Hanley House, 68-80 Canton Road, Tsimshatsui,
Kowloon, Hong Kong, moved to the present office with effect from 1st May, 2008.
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, precious stones, emerald, etc.
Employees: 4.
Commodities
Imported: India, Belgium,
Thailand, etc.
Markets: Asia, Europe,
North America, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: Various
terms.
FINANCIAL INFORMATION
Nominal Share
Capital: US$10,000.00 (Divided into 10,000 shares of US$1.00 each)
Issued Share
Capital: US$10,000.00
Profit & Loss: Business is profitable.
Condition: Keeping in an active state.
Facilities: Making active use of general
banking facilities.
Payment: Met
obligations on time.
Commercial
Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued
10,000 ordinary shares of US$1.00 each, Jave Trading Ltd. is a wholly-owned
subsidiary of Paras Diamonds Pvt. Ltd. [Paras] which is an India-based firm.
The subject is
engaged in the same lines of business as Paras. The subject is a diamond and jewellery product trader. Raw materials are imported from India,
Thailand, Belgium and other European countries, etc. Some of the raw diamonds are polished, cut or processed in Hong
Kong. Finished products and polished
diamonds are exported to Japan, India, other Asian countries, Europe, North
America, the Middle East, etc. Business
is rather active. It also exports and
distributes Paras’ products.
The subject’s
directors Mr. Abhay Suresh Parikh and Mr. Atul Kirtilal Parikh are also the
directors of Paras. Holding India
passport, the two Parikhs are residing in Mumbai, India, administering the
business of Paras.
The subject is
fully supported by Paras.
As the history of
the subject is just over four and a half years in Hong Kong, consider it good
for moderate 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.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%)