MIRA
INFORM REPORT
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Report Date : |
24.12.2011 |
IDENTIFICATION DETAILS
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Name : |
VIJAY ORIENT STAR LTD. |
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Registered Office : |
Flat B, 11/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.04.1978 |
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Com. Reg. No.: |
05558618 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Exporter and Wholesaler of all kinds of jewellery and diamond products. |
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No. of Employees : |
4. (Including associate) |
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 : |
Moderate |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
VIJAY ORIENT
STAR LTD.
ADDRESS: Flat B, 11/F., Cameron
Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2522 3014~5
FAX: 2845 3821
E-MAIL: gare10@hotmail.com
MANAGEMENT
Managing Director: Mr. Gautam
Shantilal Jhaveri
SUMMARY
Incorporated on: 28th
April, 1978.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000,000.00
Issued: HK$1,000,000.00
Business Category: Jewellery Trader.
Employees:
4. (Including associate)
Main Dealing Banker: Industrial & Commercial Bank of China (Asia) Ltd.,
Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Flat B, 11/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon,
Hong Kong.
Associated Companies:-
Kowloon Resources And Supplies Ltd., Hong Kong.
London Star Diamond Co., India.
Surya Star Ltd., Hong Kong. (Same
address)
BUSINESS REGISTRATION NUMBER
05558618
COMPANY FILE NUMBER
0059855
MANAGEMENT
Managing Director: Mr. Gautam
Shantilal Jhaveri
Director & General Manager:
Mr. Renuka Galitam Jhaveri
CAPITAL
Nominal Share Capital: HK$10,000,000.00 (Divided into 100,000 shares of
HK$100.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDERS
(As per registry dated 28-04-2011)
|
Name |
|
No. of shares |
|
Gautam Shantilal JHAVERI |
|
3,990 |
|
David KLAGSBRUN [Deceased] |
|
3,000 |
|
Pradyot R. KOTHARI |
|
3,000 |
|
Renuka Gautam JHAVERI |
|
10 |
|
|
|
–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 28-04-2011)
|
Name (Nationality) |
Address |
|
Gautam Shantilal JHAVERI |
Flat B, 11/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui,
Kowloon, Hong Kong. |
|
Renuka Gautam JHAVERI |
Flat B, 11/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui,
Kowloon, Hong Kong. |
|
Devanshi Gautam JHAVERI |
Flat B, 11/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui,
Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 28-04-2011)
|
Name |
Address |
Co. No. |
|
Dhun’s Management Services Ltd. |
7/F., Man On Commercial Building, 12-13 Jubilee Street, Central, Hong
Kong. |
0027006 |
HISTORY
The subject was incorporated on 28th April, 1978 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 1307, 13/F., Tak Shing House,
20 Des Voeux Road Central, Hong Kong, moved to the present address in June
2002.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Exporter
and Wholesaler.
Lines: All
kinds of jewellery and diamond products.
Employees: 4. (Including associate)
Commodities Imported: India, Europe, etc.
Markets: Japan,
South Korea, Southeast Asia, Europe, Middle East, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000,000.00 (Divided into 100,000 shares
of HK$100.00 each)
Issued Share Capital: HK$1,000,000.00
Mortgage or Charge:-
Date of Charge
Over Deposits: 29-04-1988
Amount: To
secure the repayment of all moneys obligations and liabilities
Property: All
the deposit of US$65,000
Mortgagee: Belgian
Bank, Hong Kong Branch. [Business
was taken over by Industrial & Commercial Bank of China (Asia) Ltd.]
Profit or Loss: Making a small profit every year.
Condition:
Keeping in an
active and steady condition.
Facilities:
Adequate for
current running.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker:
Industrial
& Commercial Bank of China (Asia) Ltd., Hong Kong.
Standing:
Normal.
GENERAL
Vijay Orient Star Ltd. is jointly owned by Mr. Gautam Shantilal Jhaveri,
Mr. David Klagsbrun, Mr. Pradyot R. Kothari, and Mr. Renuka Galitam
Jhaveri. The second has passed away
while the third is residing in Antwerp, Belgium.
The subject’s business is chiefly handled by Gautam Shantilal Jhaveri
and Renuka Galitam Jhaveri. Belong to
the same family, the two Jhaveris are Hong Kong ID Card holders and have got
the right to reside in Hong Kong permanently.
The subject is trading in the following commodities:-
|
Product/Service |
Product/Service Remarks |
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Fine Jewellery |
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Precious and Semi-Precious Jewellery |
Form India (Importer) |
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Jewellery – Semi-Precious Stone |
From India (Importer) From India (Exporter) |
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Jewellery – Platinum |
From India (Importer) From India (Exporter) |
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Jewellery – Pearl |
From India (Importer) From India (Exporter) |
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Jewellery – Gemset |
From India (Importer) From India (Exporter) |
Most of the subject’s commodities are imported from India. After processing in Hong Kong or China, the subject’s
jewellery products are exported to Japan, South Korea, Southeast Asia, Europe,
the Middle East, etc. Business is rather
active and steady. It seems that Belgium
has been a significant market of the subject.
The subject has had an associated company Surya Star Ltd. [Surya Star]
located at its operating address. Having
issued 100 ordinary shares of HK$1.00 each, Surya Star is wholly-owned by
Holdas Nominees Ltd. which is a Hong Kong-registered firm. The director of Surya Star Gautam Shantilal
Jhaveri is also the Managing Director of the subject.
The subject has had an associated company Kowloon Resources And Supplies
Ltd. [Kowloon Resources] located at a different address.
Having issued 100 ordinary shares of HK$1.00 each, Kowloon Resources is
wholly owned by Benta Nominees Ltd. which is a Hong Kong-registered
nominee firm. The only director of
Kowloon Resources is also Gautam Shantilal Jhaveri. This firm is also a diamond trader.
Besides, the subject has had an associated company known as London Star
Diamond Co. [London Star] in India. It
is likely that London Star is the subject’s main supplier.
The subject has been a significant and old polished diamond exporter and
wholesaler. History in Hong Kong is
about thirty-three years and eight months.
Regular suppliers and customers have been maintained.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.72 |
|
|
1 |
Rs.82.70 |
|
Euro |
1 |
Rs.68.90 |
RATING EXPLANATIONS
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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 |
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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 |
-- |
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.