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MIRA INFORM REPORT

 

 

Report Date :            

22.04.2011

 

IDENTIFICATION DETAILS

 

Name :

J.  A.  INTERNATIONAL

 

 

Registered Office :

1/F., 29-31 Sheung Heung Road, Tokwawan, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

24.09.2007

 

 

Com. Reg. No.:

38725010-000-09

 

 

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

 

J.  A.  INTERNATIONAL

 

 

Company ADDRESS

 

1/F., 29-31 Sheung Heung Road, Tokwawan, Kowloon, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Sunil Chaturbhai Patel  (Mobile: 9752 0508)

 

 

SUMMARY

 

Establishment:                          24th September, 2007.

 

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:          Fair.

Company ADDRESS

 

Head Office:-

1/F., 29-31 Sheung Heung Road, Tokwawan, Kowloon, Hong Kong.

 

Affiliated Companies:-

SRVB International, Hong Kong.  (Same owner and same address)

Sunny Diamonds, Hong Kong.  (Same owner)

 

 

BUSINESS REGISTRATION NUMBER

 

38725010-000-09

 

 

MANAGEMENT

 

Manager:  Mr. Sunil Chaturbhai Patel  (Mobile: 9752 0508)

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Sunil Chaturbhai PATEL

Residential Address:     Flat B, 9/F., Golden Glory Mansion, 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong

Kong.

 

 

HISTORY

 

The subject was established on 24th September, 2007 as a sole proprietorship concern owned by Mr. Sunil Chaturbhai Patel under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat 1, 7/F., 1-1A Hanoi Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in July 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 diamonds and jewellery products, emerald, precious stones, etc.

 

Employees:                  Nil.

 

Commodities Imported: India, Belgium, other European countries, etc.

 

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

 

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

 

Terms/Buying:               L/C or prepayment.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:               Making a very small rpofit.

 

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., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

J. A. International is a sole proprietorship set up on 24th September, 2007 and owned by Mr. Sunil Chaturbhai Patel who is an Indian.  He has been in Hong Kong for a very long time and is a Hong Kong ID Card holder.  Being the Manager of the subject, he has got the right to reside in Hong Kong permanently.

The subject is a diamond and precious stone trader.  It is also a commission agent.

The subject does not have its operating office.  Formerly the subject was located at the office of F.T.A. International which is also an Indian firm.  Its registered address, in a residential building, is located at 1/F., 29-31 Sheung Heung Road, Tokwawan, Kowloon, Hong Kong.  This address seems to be also the new residential address of Patel.  Patel moved to this address in July 2010.

Patel’s registered residential address is located at Flat B, 9/F., Golden Glory Mansion, 16 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.  Patel is also the owner of another firm known as Sunny Diamonds located at a different address.

Another firm known as SRVB International, a Hong Kong-registered firm, is also operated by Patel.

SRVB International, Sunny Diamonds and the subject are engaged in the same lines of business.

Established on 12th May, 1990, Sunny Diamonds currently is importing and wholesaling diamonds and precious stones.  Commodities such as loose diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured sapphire, Tanzanite, etc. are imported from European countries and India.  Some of the rough diamonds are polished or processed in Hong Kong or China.  Finished products and polished diamonds are exported to Japan, India and other Asian countries, etc.  Business is normal.  Making a very small profit every year.

The subject is just a small diamond trading firm.

Since the history of the subject is just over three years and six months in Hong Kong, on the whole, consider it good for normal business engagements on secured basis.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.72.92

Euro

1

Rs.64.69

 

 

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.