MIRA
INFORM REPORT
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Report Date : |
23.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
G.Y DIAMONDS
HK LTD. |
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Registered Office : |
Unit E & F, 26/F., Chatham Square, 8 Hart Avenue, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.08.2007. |
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Com. Reg. No.: |
38339687 |
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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 : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
G.Y
DIAMONDS HK LTD.
ADDRESS
Unit E & F, 26/F.,
Chatham Square, 8 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2368 0820
FAX: 2368 0819
(Your enquiry
given as: G Y DIAMOND of the same address.)
MANAGEMENT
Managing
Director: Mr. Gabriel Yosibof
SUMMARY
Incorporated on: 15th August, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fair.
ADDRESS
Registered Head Office:-
Unit E & F,
26/F., Chatham Square, 8 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
G.Y (Yosipov)
Diamonds Ltd., Israel.
BUSINESS REGISTRATION NUMBER
38339687
COMPANY FILE NUMBER
1158533
MANAGEMENT
Managing
Director: Mr. Gabriel Yosibof
CAPITAL
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1.00
SHAREHOLDER
(As per registry dated 15-08-2008)
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Name |
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No. of share |
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G.Y (Yosipov) Diamonds Ltd. 3 Jabutinski St., Ramat-Gan, Israel. |
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1 = |
DIRECTOR
(As per registry dated 15-08-2008)
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Name (Nationality) |
Address |
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Gabriel YOSIBOF |
3 Jabutinski St., Ramat-Gan, Israel. |
SECRETARY
(As per registry dated 15-08-2008)
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Name |
Address |
Co. No. |
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Prima Secretaries Ltd. |
Suite 1402,
14/F., 1 Duddell Street, Central, Hong Kong. |
569406 |
HISTORY
The subject was incorporated
on 15th August, 2007 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 and jewellery products, etc.
Employees: 5.
Commodities
Imported: Israel and other
European countries, etc.
Markets: Hong Kong,
India, other Asian countries, Europe, etc.
Terms/Sales: L/C,
etc.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1.00
Profit & Loss: Too early to offer an opinion.
Condition: Business is still under
development.
Facilities: Trying to make use of general banking facilities.
Payment: Met as required.
Commercial
Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Small.
GENERAL
Incorporated in
August 2007, G.Y Diamonds HK Ltd. is a wholly-owned subsidiary of G.Y (Yosipov)
Diamonds Ltd. [G.Y Yosipov] which is a Israel-based firm. The director of the subject is Mr. Gabriel
Yosibof who is a Israel passport holder.
Most of the time he is in Israel.
The subject’s business is chiefly handled by an Israeli businesswoman.
The subject and
its holding company are diamond traders.
G.Y Yosipov is also a diamond manufacturer. It is engaged in manufacturing diamonds ranging from 0.50 to
10.00 cts. Most of the diamonds are
round, princess and fancy cuts in all colours — cape, fancy yellow, fancy
intense yellow and vivid yellow. G.Y
Yosipov has got GIA, HRD and EGL certificates.
The subject imports diamonds from G.Y Yosipov and distributes in Hong
Kong, re-exports to other Asian countries, Europe, etc. Business is still under development.
In order to
penetrate the international market further, the subject and G.Y Yosipov have
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities. For instance, the subject and
G.Y Yosipov have taken part in the following fairs and exhibitions:-
·
Hong Kong Jewellery & Watch Fair, Hong Kong
The subject is
fully supported by G.Y Yosipov.
On the whole,
since the history of the subject in Hong Kong is just over a year, consider it
good for normal 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.45.83 |
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UK Pound |
1 |
Rs.84.90 |
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Euro |
1 |
Rs.67.26 |
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%)