MIRA INFORM
REPORT
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Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
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Name : |
SOLE
DIAMOND ENTERPRISES LTD. |
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Registered Office : |
c/o Victon Secretarial Services Ltd., Room 502-503, 5/F., Commercial House, 35 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.04.2011 |
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Com. Reg. No.: |
58175221 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds |
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 : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 |
Bottom of Form
Company name
SOLE DIAMOND ENTERPRISES
LTD.
Company ADDRESS
5/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong.
PHONE: 2526 2805
FAX: 2526 2202
MANAGEMENT
Managing Director: Mr. Ehood Bensadon
SUMMARY
Incorporated on: 1st April, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1,000.00
Business Category: Diamond Trader.
Employees: 4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Company ADDRESS
Registered Office:-
c/o Victon Secretarial Services Ltd.
Room 502-503, 5/F., Commercial House, 35 Queen’s Road Central, Hong Kong.
Head Office:-
5/F., Queen’s Place, 74 Queen’s Road Central, Hong Kong.
BUSINESS REGISTRATION NUMBER
58175221
COMPANY FILE NUMBER
1582762
MANAGEMENT
Managing Director: Mr. Ehood Bensadon
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000.00
SHAREHOLDERS
(As per registry
dated 02-04-2011)
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Name |
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No. of shares |
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Victon Services Ltd. Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands. |
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1 |
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Ehood BENSADON |
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999 |
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––––– |
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Total: |
1,000 ==== |
DIRECTOR
(As per registry
dated 02-04-2011)
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Name (Nationality) |
Address |
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Ehood BENSADON |
Flat A, 12/F., Block M2 (Skyline Mansion), Siena One, Discovery Bay City, Lantau Island, Hong Kong. |
SECRETARY
(As per registry
dated 01-04-2011)
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Name |
Address |
Co.
No. |
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Victon Secretarial Services Ltd. |
Room 502-503, 5/F., Commercial House, 35 Queen’s Road Central, Hong Kong. |
0685475 |
HISTORY
The subject was incorporated on 1st April, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
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.
Employees: 4.
Commodities Imported: India, Israel, other Asian countries, etc.
Markets: Hong Kong, Japan, other Asian countries, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000.00
Alternation of Capital:-
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01-04-2011 |
paid up |
HK$ 1.00 |
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02-04-2011 |
paid up |
HK$ 999.00 |
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––––––––––– |
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Total: |
paid up |
HK$ 1,000.00 ========== |
Mortgage or
Charge:-
Date of Security Over Deposits with the Bank (Fixed Deposits) Limited Company – Under Seal
Amount: Amount secured – (i) all monies in any currency owing by the Depositor to the chargee at any
time, actually or contingently, in any capacity, alone or jointly with any other person; (ii) interest on such monies, to the date on which the chargee receives payment, at the rates payable by the Depositor or which would have been payable but for any circumstance which restricts payment and (iii) all expenses of the chargee in perfecting or enforcing the charge and recovering any indebtedness of the Depositor
Property: One or more time deposit of any nature of duration of the Company with the chargee in the
amount of HK$50,000.00 deposit A/C 400-892345-838 (0001)
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 1,000 ordinary shares of HK$1.00 each, Sole Diamond Enterprises Ltd. is wholly-owned by Mr. Ehood Bensadon who is an Israel passport holder. Being the only director of the subject, Bensadon does not have the right to reside in Hong Kong permanently.
Incorporated in April 2011, the subject is a diamond importer, exporter and wholesaler. It is the supplier, importer and exporter of versatile range of diamonds in a wide variety like rose cut diamonds, rose cut heart, rose cut round, rose cut pears, rose cut oval, rose cut marquise, fancy cut and fancy colour diamonds, briollets beads, old mine cut diamonds round brilliant cut diamonds, marquise, pears,oval, heart, and emeralad. Most of the products are imported from India and Israel. Business is still under development.
According to Bensadon, the subject also retails diamonds. Walk in customers are also served. Its offices hour ranges from 9:30 am to 6:30 pm, from Mondays to Fridays. The subject’s business is chiefly handled by Bensadon himself.
Since the history of the subject in Hong Kong is just over four months in Hong Kong, one the whole, consider it good for normal business engagements on secured basis for the time being.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.16 |
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UK Pound |
1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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 |
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NB |
New Business |
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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.