MIRA INFORM REPORT

 

 

Report Date :

27.04.2011

 

IDENTIFICATION DETAILS

 

Name :

DIA  STAR  CO.

 

 

Registered Office :

C/o W.M. Yuen CPA Ltd.

Room 1505, 15/F., Yu Sung Boon Building, 107-111 Des Voeux Road Central Hong Kong

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

18.02.2008

 

 

Com. Reg. No.:

38946040-000-02

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, 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

 

DIA  STAR  CO.

 

 

ADDRESS

 

C/o W.M. Yuen CPA Ltd.

 

Room 1505, 15/F., Yu Sung Boon Building, 107-111 Des Voeux Road Central, Hong Kong.

 

PHONE:            2545 8831

 

FAX:                 3105 9532

 

 

MANAGEMENT

 

Manager:  Mr. Ashish Hirabhai Anaghan

 

 

SUMMARY

 

Establishment:                          18th February, 2008.

 

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:           Satisfactory.

ADDRESS

 

Head Office:-

c/o W.M. Yuen CPA Ltd.

Room 1505, 15/F., Yu Sung Boon Building, 107-111 Des Voeux Road Central, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

38946040-000-02

 

 

MANAGEMENT

 

Manager:  Mr. Ashish Hirabhai Anaghan

 

 

SOLE PROPRIETOR

 

Name:  Mr. Ashish Hirabhai ANAGHAN

Residential Address:      Plot No. 4, Gurukrupa Opp. Satyanarayan Flat, Anantwadi, Vidhyanagar, Bharnagar-364001, India.

 

 

HISTORY

 

The subject was established on 18th February, 2008 as a sole proprietorship concern owned by Mr. Ashish Hirabhai Anaghan 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, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, other Asian countries, etc.

 

Markets:                       Hong Kong, Japan, other Asian countries, etc.

 

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

 

Terms/Buying:               L/C, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Keeping a balance account in Hong Kong.

 

Condition:                      Business is not active in Hong Kong.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                       Small.

 

 

GENERAL

 

Dia Star Co. is a sole proprietorship set up and owned by Mr. Ashish Hirabhai Anaghan who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Anaghan is the Manager of the subject.

Business commenced in February 2008, the subject does not have its own operating office.  Its registered office is in an accountant firm located at Room 1505, 15/F., Yu Sung Boon Building, 107-111 Des Voeux Road Central, Hong Kong known as W.M. Yuen CPA Ltd. which is handling its correspondences and documents.  The subject has no employees in Hong Kong.

The subject is a dealer dealing in fine coloured diamonds and rare gemstones.  Products include fancy coloured diamonds, unusual rose cut and briolette cut diamonds.  Most of the commodities are imported from India and Europe.  Prime markets are Hong Kong, Japan, India and the other Asian countries.

It is likely that the subject has got an associated company in India which is also operated by Anaghan.  The India firm is also a diamond trader.

It is likely that the India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  The India firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

COURT CASES:            None per our.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.44

Euro

1

Rs.64.81

 

 

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

--

NB

                                       New Business

 

--

 

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.