MIRA INFORM REPORT

 

 

Report Date :

05.04.2011

 

IDENTIFICATION DETAILS

 

Name :

RRJ  ENTERPRISE

 

 

Registered Office :

Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

21.09.2004

 

 

Com. Reg. No.:

34925272-000-09

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer and Exporter of all kinds of diamonds and jewellery products, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

RRJ  ENTERPRISE

 

 

ADDRESS:       Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong q                                                          Kong.

 

PHONE:                        6108 4483

 

FAX:                 2312 7600

 

E-MAIL:                        rrjenterprise@gmail.com

 

 

MANAGEMENT

 

Manager:  Mr. Amit Soni  (Mobile: 6108 4483)

 

 

SUMMARY

 

Establishment:                          21st September, 2004

 

Organization:                 Sole Proprietorship

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Head Office:-

Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

34925272-000-09

 

 

MANAGEMENT

 

Manager:  Mr. Amit Soni

 

 

SOLE PROPRIETOR

 

Name:  Mr. Amit SONI

Residential Address:      Flat A1, 4/F., Kim Hing Mansion, 49-51 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 21st September, 200 as a sole proprietorship concern owned by Mr. Amit Soni under the Hong Kong Business Registration Regulations.

Originally the subject was located at Flat A1, 4/F., Kim Hing Mansion, 49‑51 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong where is the residential address of the sole proprietor, moved to the present address in May 2007.

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, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, other Asian countries, etc.

 

Markets:                       Hong Kong, other Asian countries, USA, etc.

 

Terms/Sales:                 As per contracted.

 

Terms/Buying:               L/C, T/T, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Keeping a balance account in the past years.

 

Condition:                      Business is fairly active.

 

Facilities:                      Trying to make use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

RRJ Enterprise is a sole proprietorship set up on 21st September, 2007 and owned by Mr. Amit Soni who is a US passport holder.

The subject’s registered address is located at Room 325, 3/F., Conic Investment Building, 13 Hok Yuen Street, Hunghom, Kowloon, Hong Kong which covers about 100 sq.ft.  There are about 30-40 small units in the third floor of the building.  All these small units are owned and rented out by Best Honour Investment Ltd., a Hong Kong registered firm.

The subject has no employees in its small office.  Soni can be reached at its mobile phone number 6108 4483.

The subject’s business is not very active in Hong Kong.  However, its business has been improving.

To our knowledge, the subject is trading in loose, cut and polished diamonds, gem stones, etc.  Commodities are chiefly imported from India, other Asian countries, etc.  Some of the loose diamonds are wholesaled in Hong Kong or re-exported to the other Asian countries, Europe, and the United States, etc.

The subject is just a one-man-company.  Keeping a balance account in most of the years.

The history of the subject is over six years and six months in Hong Kong.

Since the subject has no employees in Hong Kong, consider it good for business engagements on L/C basis for the time being.

 

COURT CASES:            None per our.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.