MIRA INFORM REPORT

 

 

Report Date :            

13.04.2011

 

IDENTIFICATION DETAILS

 

Name :

SHARP  DIAMONDS

 

 

Registered Office :

c/o Gurus & Lexes Consultants Ltd., Suite 1008, 10/F., Prosperity Millennia Plaza, 663 King’s Road, Quarry Bay

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

21.09.2009

 

 

Com. Reg. No.:

51183526-000-09

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, 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

 

Company name     

 

SHARP DIAMONDS

 

 

Company ADDRESSs

 

c/o Gurus & Lexes Consultants Ltd.

Suite 1008, 10/F., Prosperity Millennia Plaza, 663 King’s Road, Quarry Bay, Hong Kong.

PHONE:            2838 8530

FAX:                 3157 7910

 

 

MANAGEMENT

 

Manager:  Mr. Shiv Shankar Gopawat

 

 

SUMMARY

 

Establishment:                          21st September, 2009.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:       Diamond Trader.

 

Empsloyees:                 Nil.

 

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

 

Banking Relation:          Satisfactory.

Company ADDRESS

 

Head Office:-

c/o Gurus & Lexes Consultants Ltd.

Suite 1008, 10/F., Prosperity Millennia Plaza, 663 King’s Road, Quarry Bay, Hong Kong.

 

P.O. Box 95036, Tsim Sha Tsui Post Office, Kowloon, Hong Kong.

 

Affiliated Company:-

Superb Jewellery, Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER 

 

51183526-000-09

 

 

MANAGEMENT

 

Manager:  Mr. Shiv Shankar Gopawat

 

SOLE PROPRIETOR

 

Name:                           Mr. Shiv Shankar GOPAWAT

Residential Address:     Po-Kharsan, Via-Kheroda, Udaipur, Raj, India.

 

 

HISTORY

 

The subject was established on 21st September, 2009 as a sole proprietorship concern owned by Mr. Shiv Shankar Gopawat under the Hong Kong Business Registration Regulations.

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, emerald, precious stones, etc.

 

Employees:                  Nil.

 

Commodities Imported: India, European countries, etc.

 

Markets:                        Japan, India, other Asian countries, etc.

 

Annual Turnover:           Too early to obtain figure.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:               Kept a balance account in 2010.

 

Condition:                     Business is fairly active.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as contracted.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Sharp Diamonds is a sole proprietorship set up on 21st September, 2009 and owned by Mr. Shiv Shankar Gopawat who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Its registered office is in a consultant firm located at Suite 1008, 10/F., Prosperity Millennia Plaza, 663 King’s Road, Quarry Bay, Hong Kong known as Gurus & Lexes Consultants Ltd. which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

The subject is a diamond, colour stone and jewellery importer, exporter and wholesaler.  It is trading in single-cut diamond, fullcut loose diamond, carat size diamonds, blue sapphire, etc.  Most of the commodities are imported from India and Europe.  Prime markets are Hong Kong, Japan and the other Asian countries.  Business is fairly active.

The subject is just a one-man company.  Business is chiefly handled by Gopawat himself.  He can be reached at the phone number 3749 7792.

Besides the subject, Gopawat is operating another firm known as Superb Jewellery located at the same registered address.  Superb Jewellery is also a sole proprietorship set up on 21st September, 2009 and owned by Gopawat.  This firm is engaged in the same lines of business as the subject.

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

On the whole, since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

 

COURT CASES:            None per our.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.22

UK Pound

1

Rs.72.26

Euro

1

Rs.63.90

 

 

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

 

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.