MIRA INFORM REPORT

 

 

Report Date :

12.08.2011

 

IDENTIFICATION DETAILS

 

Name :

3  LIONS  HK

 

 

Registered Office :

C/o KNG Consultants

Room 605, 6/F., Stag Building, 148-150 Queen’s Road

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

08.04.2011

 

 

Com. Reg. No.:

53904827-000-04

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of gemstones, diamonds, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Concern 

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 

 

3  LIONS  HK

 

 

ADDRESS

 

c/o KNG Consultants

Room 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong.

 

PHONE:            2541 4068

 

FAX:                 2541 4069

 

 

MANAGEMENT

 

Manager:  Mr. Niraj Pravinbhai Shah

 

 

SUMMARY

 

Establishment:                          8th April, 2011.

 

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:           Too early to comment.

ADDRESS

 

Head Office:-

c/o KNG Consultants

Room 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong.

 

Associated Company:-

BKK Gems

Flat C, 12/F., Po Lok Mansion, 150-164 Woosung Street, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

53904827-000-04

 

 

MANAGEMENT

 

Manager:  Mr. Niraj Pravinbhai Shah

 

 

SOLE PROPRIETOR

 

Name:  Mr. Niraj Pravinbhai SHAH

Residential Address:      Flat No. 208, B Wing, 2nd Floor, Trishala Apartment, Devchand Nagar, 60 Feet Road, Bhayander West Thane, Mumbai, India.

 

 

HISTORY

 

The subject was established on 8th April, 2011 as a sole proprietorship concern owned by Mr. Niraj Pravinbhai Shah 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 gemstones, diamonds, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, etc.

 

Markets:                       Hong Kong, other Asian countries, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

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

 

3 Lions HK is a sole proprietorship set up and owned by Mr. Niraj Pravinbhai Shah 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 commercial service firm located at ‘Room 605, 6/F., Stag Building, 148‑150 Queen’s Road Central, Hong Kong’ known as ‘KNG Consultants’.

The subject has no employees in Hong Kong.

Your given phone number 2312 2146 and fax number 8266 5916 belong to the sole proprietor when he is in Hong Kong.

The subject is a diamond and gemstone importer, exporter and wholesaler.  It is also a commission agent.  Its commodities are chiefly imported from India and other Asian countries.  Products are marketed in Hong Kong and exported to the other Asian countries such as Japan.  Business is still under development.

Besides operating the subject, Shah is operating another firm known as BKK Gems which was established on 15th August, 2009.  This firm is also a diamond trader but located in a residential building.

Business handled by Shah himself, the subject is a one-man company.

Since the history of the subject is just over four months in Hong Kong, on the whole, consider it good for normal credit requirements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.27

UK Pound

1

Rs.73.34

Euro

1

Rs.64.58

 

 

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.