MIRA INFORM
REPORT
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Report Date : |
18.02.2011 |
IDENTIFICATION DETAILS
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Name : |
IN
COLLECTION |
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Registered Office : |
Room 901, 9/F., Harbour Centre, Tower 2, |
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Country : |
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Date of Incorporation : |
23.06.2001 |
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Com. Reg. No.: |
31944936-000-06 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
IN COLLECTION
company ADDRESS
Room 901, 9/F., Harbour Centre,
Tower 2,
PHONE: 2311 3011
FAX: 2311 1167
E-MAIL: info@incollectiondiam.com
info@inc-dimoni.com
MANAGEMENT
Manager: Mr. Kamlesh Jivanbhai Shah
SUMMARY
Establishment: 23rd June, 2001.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Annual Turnover: HK$42~47 million.
Employees: 7.
Main Dealing
Banker: Bank of
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room
901, 9/F., Harbour Centre, Tower 2,
Affiliated Company:-
In Collection Ltd., Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
31944936-000-06
MANAGEMENT
Manager: Mr. Kamlesh Jivanbhai Shah
SOLE PROPRIETOR
Name: Mr. Kamlesh Jivanbhai SHAH
Residential
Address: Flat A, 11/F., Tower 2,
Harbourfront Landmark, 11 Wan
HISTORY
The subject was established on 23rd June, 2001 as a sole proprietorship concern owned by Mr. Kamlesh Jivanbhai Shah under the Hong Kong Business Registration Regulations.
At the very beginning, the subject was located at Room 105-108, 1/F., Wong On Plaza, 62 Mody Road, Tsimshatsui, Kowloon, Hong Kong, moved to 11/F., Tung Wui Commercial Building, 27 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong in November 2001, and further moved to the present address in September 2005.
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: 7.
Commodities Imported:
Markets: Hong Kong, other Asian
countries, North America,
Annual Turnover: HK$42~47 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
Hong Kong Jewelry Manufacturers’ Association,
The Indian Chamber of Commerce Hong Kong,
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a small profit every year.
Condition: Keeping in an active manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: Bank of
Standing: Small.
GENERAL
In Collection is a sole proprietorship set up and owned by Mr. Kamlesh Jivanbhai Shah who is an Indian.
The
subject is a jewellery and diamond trader.
It is engaged in manufacturing, importing and exporting all kinds of
jewellery products. It mainly produces
14K and 18K gold jewellery accented with gemstones, diamonds, sapphires,
emeralds, pearls and semi-precious stones.
It is trading in diamond bracelets, diamond brooches, earrings,
necklaces, diamond rings, pendants, etc.
Raw materials such as cut and polished diamonds are imported from
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
HKIJS
is organized by Hong Kong Trade Development Council in
The
subject is a member of The Indian Chamber of Commerce Hong Kong,
It
was reported that the subject had got an affiliated factory in
The annual sales turnover of the subject ranges from HK$42 to 47 million. Making a small profit every year.
The subject’s business is chiefly handled by Shah.
As
the history of the subject in
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.45 |
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1 |
Rs.72.91 |
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Euro |
1 |
Rs.61.43 |
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 |
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.