MIRA INFORM REPORT

 

 

Report Date :

19.08.2011

 

IDENTIFICATION DETAILS

 

Name :

PRIME  DIAM  (HK)  LTD.

 

 

Formerly Known As :

ENTERPRISE CENTRE

 

 

Registered Office :

Room 603, 6/F., The Hart, 4 Hart Avenue, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

11.06.2010

 

 

Com. Reg. No.:

52425763

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Business

 

 

Payment Behaviour :

Unknown

 

 

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

 

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

 

PRIME  DIAM  (HK)  LTD.

 

 

company ADDRESS

 

Room 603, 6/F., The Hart, 4 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2721 1919,  2721 1995

FAX:                 3914 8919

E-MAIL:                        primediamhk@yahoo.com

 

(formerly known as Enterprise Centre),

 

 

MANAGEMENT

 

Managing Director:  Mr. Rameshbhai Zaverbhai Italiya

 

 

SUMMARY

 

Incorporated on:             11th June, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Jewellery and Diamond Trader.

 

Employees:                   2.

 

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

 

Banking Relation:           Too early to comment.

company ADDRESS

 

Registered Head Office:-

Room 603, 6/F., The Hart, 4 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

Associated Company:-

Prime Jewels

c/o Vinford Ltd.

Room 1707, 17/F., Wellborne Commercial Centre, 8 Java Road, North Point, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

52425763

 

 

COMPANY FILE NUMBER

 

1467997

 

 

MANAGEMENT

 

Managing Director:  Mr. Rameshbhai Zaverbhai Italiya

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDER  

(As per registry dated 11-06-2010)

 

Name

 

No. of shares

Rameshbhai Zaverbhai ITALIYA

 

10,000

=====

 

DIRECTOR    

(As per registry dated 11-06-2010)

 

Name

(Nationality)

 

Address

Rameshbhai Zaverbhai ITALIYA

Bhabhan Ka Botad, Dist Bhavnagar, Gujarat 364710, India.

 

 

SECRETARY

(As per registry dated 11-06-2010)

 

Name

Address

Co. No.

Gurung & Shum Business Solutions Ltd.

Room 406B, 4/F., Mirror Tower, 61 Mody Road, Tsimshatsui East, Kowloon, Hong Kong.

1348317

 

 

HISTORY

 

The subject was incorporated on 11th June, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Initially the subject was located at Room 1701, 17/F., Lee Wai Commercial Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong, moved to Room 603, 6/F., Enterprise Centre, 4 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong in October 2010.  “Enterprise Centre” changed name to “The Hart” with effect from 2nd March, 2011.

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:                   2.

 

Commodities Imported:   India, Thailand, other Asian countries, etc.

 

Markets:                       Hong Kong, India, Thailand, etc.

 

Annual Turnover:            Too early to obtain figure.

 

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

 

Terms/Buying:                L/C, payment in advance, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000.00

 

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 on time.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Prime Diam (HK) Ltd. is wholly-owned by Mr. Rameshbhai Zaverbhai Italiya who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Currently, he is residing in Gujarat, India.  He is also the only director of the subject.

The subject moved to the present address in October 2010.

Incorporated in June 2010, the subject is a diamond importer, exporter and wholesaler.  It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to 0.60 cts.  Most of the commodities are imported from India, Thailand, other Asian countries, etc.  Italiya has got a number of suppliers in India.  Commodities are re-exported to India, Europe, and other Asian countries.  It is likely that the subject has got an associated company in Bangkok, Thailand.

Besides operating the subject, Italiya is also operating another firm in Hong Kong known as Prime Jewels.  Prime Jewels is a sole proprietorship set up on 21st August, 2006 and owned by Italiya.  However, Prime Jewels does not have its own operating office.  Its registered office is in an accountant firm located at Room 1707, 17/F., Wellborne Commercial Centre, 8 Java Road, North Point, Hong Kong known as Vinford Ltd. which is handling its correspondences and documents.

The history of the subject in Hong Kong is just over nine months.  Business is still under development.

On the whole, consider the subject good for normal business engagements on secured basis.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.61

UK Pound

1

Rs.75.32

Euro

1

Rs.65.68

 

 

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.