MIRA INFORM
REPORT
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Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
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Name : |
AKI Enterprises |
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Registered Office : |
C/O T.N.K. Gems, Room 1215 (or Unit 15), 12/F., Fu |
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Country : |
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Date of Incorporation : |
17.09.2010 |
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Com. Reg. No.: |
52966965-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer,
Exporter and Wholesaler all kinds of Jewellery and Diamonds, etc |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Company |
---- |
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Status : |
New Business |
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Payment
Behaviour : |
Unknown |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
company Name and Address
AKI ENTERPRISES
c/o T.N.K. Gems
Room 1215 (or Unit
15), 12/F.,
Fu
PHONE: 2314 7585
FAX: 2723 7585
E-MAIL: tnkgems@netvigator.com
MANAGEMENT
Manager: Mr. Mahavir Chetanmal Shah
SUMMARY
Establishment: 17th September, 2010.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business
Category: Jewellery Trader.
Employees:
3.
(Including affiliates)
Main
Dealing Banker: The Hong Kong & Shanghai
Banking Corp. Ltd.,
Banking
Relation: Too early to
comment.
compANY ADDRESS
Head Office:-c/o T.N.K. Gems
Room 1215, 12/F.,
Fu
Hunghom,
Affiliated Companies:-
Kokusai Shinju Co.
Ltd.,
Oasis Jewellery
Ltd.,
Profit Crown
Enterprises Ltd.,
Tanvirkuma
Diamonds Ltd.,
BUSINESS REGISTRATION NUMBER
52966965-000-09
MANAGEMENT
Manager: Mr. Mahavir Chetanmal Shah
SOLE PROPRIETOR
Name: Mr.
Mahavir Chetanmal SHAH
Residential
Address:210C, Vasudeo Terrace, 34 Kastur Park, Boriyali West, Mumbai 400092,
HISTORY
The subject was established on 17th September, 2010 as a sole proprietorship concern owned by Mr. Mahavir Chetanmal Shah under the Hong Kong Business Registration Regulations.
Initially the subject was located at Room 375, 3/F., Conic Investment Building, 13 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong, moved to the present address in November 2010.
Apart from these, neither material
change nor amendment has been ever traced and noted.
OPERATIONS
Activities:Importer, Exporter and Wholesaler.
Lines: All kinds
of jewellery and diamonds, etc.
Employees: 3. (Including affiliates)
Commodities Imported:
Markets:
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C,
T/T, etc.
Terms/Buying: L/C,
T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Unknown
Commercial Morality: Too early to comment.
Banker: The
Hong Kong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
AKI
Enterprises is a sole proprietorship set up and owned by Mr. Mahavir Chetanmal
Shah who is an Indian. He is an
The
subject commenced business in September 2010.
It is sharing the office with the following three firms: T.N.K. Gems,
Oasis Jewellery Ltd. [Oasis] and Profit Crown Enterprises Ltd. [Profit
Crown]. All the firms are
The subject is a polished, loose diamond, gem and cut diamond trader, rough diamond supplier and jewellery manufacturer. Business is still under development.
Oasis is
also the agent of Eternity Jewels which is an India-based firm. To our knowledge, Eternity Jewels has got
other liaison centres such as in the
Oasis
also has got an affiliated factory Tanvirkuma Diamonds Ltd. [TDL] which is an
India-based firm. TDL is the main
The
subject’s products are marketed in Hong Kong and exported to
The subject’s business is mainly handled by Mr. Mahavir Chetanmal Shah himself.
The
history of the subject in
On the whole, consider the subject good for normal business engagements on secured basis for the time being.
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.44.04 |
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1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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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NB |
New Company |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.