MIRA INFORM REPORT
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Report Date : |
12.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SUN DIAM |
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Registered Office : |
Flat 2, 9/F., Block B, |
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Country : |
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Date of Incorporation : |
01.09.2003 |
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Com. Reg. No.: |
33874317-000-09 |
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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, gems, 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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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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
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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
SUN DIAM
company
address
Flat 2, 9/F., Block B,
PHONE: Not available
FAX: Not available
Note: Your address given
as “Room M, 9/F., Block B” of the same building.
MANAGEMENT
Manager: Mr. Mahendrakumar
Chhogalal Jain
SUMMARY
Establishment: 1st
September, 2003.
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Diamond Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
company
address
Head Office:-
Flat 2, 9/F., Block B, Golden Glory Mansion, 16 Carnarvon Road,
Tsimshatsui, Kowloon, Hong Kong.
Affiliated
Company:-
Gem Trade, Hong Kong.
BUSINESS
REGISTRATION NUMBER
33874317-000-09
MANAGEMENT
Manager: Mr. Mahendrakumar
Chhogalal Jain
SOLE
PROPRIETOR
Name: Mr. Mahendrakumar Chhogalal JAIN
Residential Address: Room 1701,
17/F.,
HISTORY
The subject was established
on 1st September, 2003 as a sole proprietorship concern owned by Mr. Mahendra
Kumar Chhogalal Jain under the Hong Kong Business Registration Regulations.
Initially the subject was
located at Room 1701, 17/F., Star Mansion, 3‑5 Minden Row,
Tsimshatsui, Kowloon, Hong Kong, moved to the present address in November 2003.
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, gems, etc.
Employees: Nil.
Commodities Imported:
Markets:
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL
INFORMATION
Capital: Not
disclosed.
Profit or Loss: Making a very small profit.
Condition: Business
is fairly active.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments on time.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
Small.
GENERAL
Sun Diam is a sole
proprietorship set up and owned by Mr. Mahendrakumar Chhogalal Jain. He is an
The subject’s registered
address is located at Flat 2, 9/F., Block B, Golden Glory Mansion, 16 Carnarvon
Road, Tsimshatsui, Kowloon, Hong Kong.
This office is not in a commercial building but a residential building. It is likely that Mr. Jain has moved to this
new address but does not make any amendments on the subject’s registration
materials. It seems that the subject’s
operating address is also Mr. Jain’s new residential address.
The residential building is
not trespassed by outsiders.
The subject’s telephone
number and fax number have not registered with local telephone company nor
listed on telephone directories. It has
no employees in
The subject is a diamond
importer, exporter and wholesaler. It is
also a commission agent. The subject is
a trader dealing in fine coloured diamonds and rare gem stones. Products include fancy coloured diamonds,
unusual rose cut and briolette cut diamonds.
Rough, polished and cut diamonds are chiefly imported from
Ruby (from
Sapphire (from
Emeralds (from
Fancy Sapphire
Business handled by Jain
himself, the subject is just a one-man company.
Keeping a balance account or making a very small profit in most of the
past years.
The subject has got an
affiliated company Gem Trade located at Flat G, 9/F. of the same building. Gem Trade is also owned and operated by
Jain. Also established on 1st September,
2003, Gem Trade is also trading in diamonds.
The subject’s history in
On the whole, since the
registered office of the subject is in a residential building, consider it good
for normal business engagements on secured 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.41.77 |
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1 |
Rs.71.69 |
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Euro |
1 |
Rs.63.02 |
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 |
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.