MIRA
INFORM REPORT
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Report Date : |
28.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SHAMYA EXIM LTD. |
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Registered Office : |
Room 1810, 18/F., Rise Commercial Building, 5-11 Granville Circuit,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.12.2007 |
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Com. Reg. No.: |
38742513 |
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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 and gemstones. |
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No. of Employees : |
3. |
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
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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
SHAMYA EXIM
LTD.
ADDRESS: Room 1810, 18/F., Rise
Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 3521 1444, 3640 3902
FAX: 3747 4694, 3581
2521
MANAGEMENT
Managing Director: Mr.
Pankajkumar Arvindbhai Dankhara
SUMMARY
Incorporated on: 13th
December, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Diamond Dealer.
Employees:
3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 1810, 18/F., Rise Commercial Building, 5-11 Granville Circuit,
Tsimshatsui, Kowloon, Hong Kong.
Associated Company:-
Shine Stone (HK) Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
38742513
COMPANY FILE NUMBER
1194884
MANAGEMENT
Managing Director: Mr.
Pankajkumar Arvindbhai Dankhara
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDER
(As per registry dated 13-12-2010)
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Name |
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No. of shares |
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Pankajkumar Arvindbhai DANKHARA |
|
1,000,000 ======= |
DIRECTORS
(As per registry dated 13-12-2010)
|
Name (Nationality) |
Address |
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Pankajkumar Arvindbhai DANKHARA |
Flat 1, 5/F., Kui Fung Mansion, 18 Austin Avenue, Tsimshatsui,
Kowloon, Hong Kong. |
|
Nimisha Pankajbhai DANKHARA |
Flat 1, 5/F., Kui Fung Mansion, 18 Austin Avenue, Tsimshatsui,
Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 13-12-2010)
|
Name |
Address |
|
Bayani Divino Bautista PONCE |
13/F., 5 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated on 13th December, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 707, 7/F., Heng Ngai Jewellery
Centre, 4 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong, moved to the
present address in December 2008.
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 gemstones.
Employees: 3.
Commodities Imported: Sourced from India, Europe, other Asian countries, etc.
Markets: Hong Kong, China and other Asian
countries.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P,
etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Mortgage or Charge:-
Date of Assignment of Receivables – General with
Notice of Assignment: 10-06-2010
Amount: To secure all monies in respect of
banking facilities
Property: In consideration of the Banking
Facilities, the Customer, as beneficial owner and by way of security for the
payment of the Secured Monies, hereby assigns, and agrees to assign, to the
Bank the Receivables until all the Secured Monies have been paid or discharged
Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong.
Profit & Loss: Making a small
profit in 2009 and 2010.
Condition: Business is improving.
Facilities: Making active use of general banking
facilities.
Payment:
Met obligations
as contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
GENERAL
Shamya Exim Ltd. was incorporated on 13th December, 2007 as a private
limited liability company.
With a nominal and issued share capital of HK$1 million, the subject is
solely owned by an Indian merchant Mr. Pankajkumar Arvindbhai Dankhara. He is a Hong Kong ID Card holder and has got
the right to reside in Hong Kong permanently.
He is also a diamond business executive in India.
Formerly the subject’s registered office was located at the same office
of Shine Stone (HK) Ltd. [Shine Stone].
Shine Stone was set up in Hong Kong on 19th May, 2006. With a registered capital of HK$1.5 million,
Shine Stone is jointly owned by an Indian company Jay Manav Impex, holding 55%
interests, and an Indian merchant Mr. Hitesh Parshotambhai Mangukia,
holding 45%. Shine Stone is engaged in
importing and marketing various kinds of diamonds. The subject is carrying the following main
products:
·
Yellow Diamonds
·
Pink Diamonds
·
Loose Diamonds
·
Natural Fancy Colour Diamonds
Imported from India, Shine Stone’s rough diamonds are sold to the
jewellery manufacturers in Hong Kong and China and exported to the other Asian
countries.
The subject moved to the present address in December 2008. Business is chiefly handled by Dankhara
himself.
The subject is engaged in the same lines of business as Shine Stone
which is one of its business partners.
Chiefly handled by Dankhara, the subject’s business has been improving
further. Its cut and polished diamonds are
marketed in Hong Kong and exported to the other Asian countries. It is carrying white and natural fancy colour
loose diamonds.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and other foreign large
cities. For instance, it is going to
take part in “HKTDC Hong Kong International Jewellery Show 2012” which will be
held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during
the period of 16th to 20th February, 2012.
The history of the subject in Hong Kong is over fours years.
On the whole, consider it good for normal business engagements.
REMARKS
Property information of
associate:-
Property Location: Flat B on 16/F. of Tower 9, Villa
Verde (Phase IIA), Laguna Verde, 8 Laguna Verde Avenue, Kowloon, Hong Kong.
Owner: Shine Stone (HK) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of
Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
22-10-2008 |
- |
Standard Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.89 |
|
|
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.69.15 |
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.