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MIRA INFORM REPORT
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Report Date : |
21.04.2011 |
IDENTIFICATION DETAILS
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Name : |
S.
GOLDI (ASIA) LTD. |
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Registered Office : |
Unit 03 & 05, 12/F., Multifield Plaza, 3 Prat Avenue, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.04.2007 |
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Com. Reg. No.: |
37907085 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of
Polished diamonds, jewellery, etc |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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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Hong Kong |
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
S. GOLDI (ASIA) LTD.
Company
ADDRESS
Unit 03 & 05, 12/F., Multifield Plaza, 3 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 3170 5172
FAX: 3171 4224
E-MAIL: info@sgoldi.com
MANAGEMENT
Managing Director: Mr. Mansukhbhai Bhikhabhai Budheliya
SUMMARY
Incorporated on: 30th April, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Diamond Trader.
Annual Turnover: US$30~35 million.
Employees: 15.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company
ADDRESS
Registered Head
Office:-
Unit 03 & 05, 12/F., Multifield Plaza, 3 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.
Associated/Affiliated
Companies:-
D. Goldi BVBA, Belgium.
Jewel Goldi (India), India.
Jewel
Goldi (NY) Inc., USA.
Jewel Goldi, India.
M
B Impex, Hong Kong.
R.
Goldi (Shanghai) Diamond Co. Ltd., China.
S.Goldi, Hong Kong. (Same address)
Shree Ramkrishna Export, India.
V.
Goldi Ltd., Israel.
etc.
BUSINESS
REGISTRATION NUMBER
37907085
COMPANY
FILE NUMBER
1128283
MANAGEMENT
Managing Director: Mr. Mansukhbhai Bhikhabhai Budheliya
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDER
(As per registry
dated 30-04-2010)
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Name |
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No. of shares |
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Mansukhbhai Bhikhabhai BUDHELIYA |
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1,000,000 ======= |
DIRECTORS
(As per registry dated 30-04-2010)
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Name (Nationality) |
Address |
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Mansukhbhai Bhikhabhai
BUDHELIYA |
Rear Portion, 7/F., Ocean View Court, 31-33 Mody Road, Tsimshatsui,
Kowloon, Hong Kong. |
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Nileshkumar Popatbhai CHANCHAD |
Rear Portion, 7/F., Ocean View Court, 31-33 Mody Road, Tsimshatsui,
Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 30-04-2010)
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Name |
Address |
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Bayani Divino Bautista PONCE |
13/F., 5 Chatham
Road South, Tsimshatsui, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated
on 30th April, 2007 as a private limited liability company under the Hong Kong
Companies Ordinance.
Formerly the subject was
located at Unit K2, 12/F., Kaiser Estate, Phase 2, 51 Man Yue Street,
Hunghom, Kowloon, Hong Kong, moved to the present address in late 2010.
Apart from these, neither
material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Polished diamonds, jewellery, etc.
Employees: 15.
Commodities Imported: Belgium India, Israel, etc.
Markets: Belgium USA, other Asian countries, Australia, Middle East, etc.
Annual Turnover: US$30~35 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL
INFORMATION
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active state.
Facilities: Making active use of general banking facilities.
Payment: Met as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued 1 million
ordinary shares of HK$1.00 each, S. Goldi (Asia) Ltd. is wholly owned by Mr.
Mansukhbhai Bhikhabhai Budheliya. He is
a Hong Kong ID Card holder and has got the right to reside in Hong Kong
permanently.
The subject is a diamond
trader. It is an affiliated company of
Shree Ram Krishna Export [SRKE] which was set up in 2004 in India. The founder of SRKE Govind Dholakia is also
the Chairman of the SRKE Group of companies.
The subject is trading in
the same products as SRKE. It is
responsible for the markets of the Asia Pacific region. Its core products are certified stones — GIA
Dossiers ad GIA up to 3 carats.
SRKE is one of India’s
leading diamond manufacturers. SRKE is
trading in diamonds, ranging from 0.30 to 3.00 carats in weight and D to J
colours. Founded in 1976 by Govind Dholakia,
SRKE today has a 5,000 strong dedicated and talented workforce.
In 2003, SRKE established
its own jewellery outlet, Jewel Goldi, at Seepz, Mumbai, to make
diamond-studded jewellery for international markets. In 2004, SRKE set up Jewel Goldi (India), at
MIDC, Mumbai, to serve the domestic market.
SRKE provides the subject
will all kinds of diamonds and jewellery products.
SRKE is also operated by Mr.
Mansukhbhai Bhikhabhai Budheliya.
Besides Hong Kong, the Group now has affiliated companies in Israel, the
United States, India, Belgium, China, etc.
In 2010, “srkexport.com” was
registered as a company in Hong Kong with a Tag line – “a diamond mine online”,
to cater to the ever growing China market and extend SRKE’s web services in the
other Asian countries.
In order to penetrate the
international market further, the subject has taken part in fairs and
exhibitions held in Hong Kong, Macau and other foreign large cities such as Las
Vegas. The subject is fully supported by
SRKE.
As the history of the
subject in Hong Kong is about four years, on the whole, consider it good for
normal business engagements.
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.44.38 |
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UK Pound |
1 |
Rs.72.56 |
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Euro |
1 |
Rs.63.92 |
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.