MIRA INFORM
REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
JEDI DIA.
TRADING LTD. |
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Registered Office : |
Room 1507, 15/F., |
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Country : |
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Date of Incorporation : |
12.06.2006 |
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Com. Reg. No.: |
36842173 |
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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 jewellery products, emerald, precious stones, etc. |
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 – 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
JEDI DIA. TRADING
LTD.
company ADDRESS
Room 1507, 15/F.,
PHONE: 3525 0287
FAX: 3525 0286
MANAGEMENT
Managing Director: Mr. Devang Sevantilal Shah
SUMMARY
Incorporated on: 12th June, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$4.00
Business Category: Diamond Trader.
Employees: 2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
company ADDRESS
Registered Head
Office:-
Room 1507, 15/F.,
Affiliated Company:-
SG Trading
BUSINESS REGISTRATION NUMBER
36842173
COMPANY FILE NUMBER
1051596
MANAGEMENT
Managing Director: Mr. Devang Sevantilal Shah
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$4.00
SHAREHOLDERS
(As per registry dated 12-06-2010)
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Name |
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No. of shares |
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Devang Sevantilal SHAH |
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1 |
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Jagruti Devang SHAH |
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1 |
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Darpil Narendra SHAH |
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2 |
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–– |
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Total: |
4 = |
DIRECTORS
(As per registry dated
12-06-2010)
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Name (Nationality) |
Address |
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Devang Sevantilal SHAH |
Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong. |
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Jagruti Devang SHAH |
Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong. |
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Darpil Narendra SHAH |
Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 12-06-2010)
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Name |
Address |
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Taxbase Consultants Ltd. |
Room 615, 6/F., |
411324 |
HISTORY
The subject was incorporated on 12th June, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat 1, 13/F., Block B of the same building in June 2010, and further moved to the present address with effect from 19th July, 2010.
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:
Markets:
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$4.00
Mortgage or Charge:-
Date of Assignment of Receivables – General with Notice of Assignment: 16-08-2010
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.,
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing:
GENERAL
Jedi Dia. Trading Ltd. is equally owned by three Indian, namely, Mr. Devang Sevantilal Shah, Mr. Jagruti Devang Shah and Mr. Darpil Narendra Shah.
Devang Sevantilal Shah and Jagruti Devang Shah are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.
Formerly the subject’s registered address and operating address was located at Flat 1, 13/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong where seemed to be the new residence of the shareholders. The subject moved to the present address in July 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. Commodities are chiefly
imported from
Mr. Devang Sevantilal Shah was also a partner of a partnership SG Trading Co. which was located at a different address. However, SG Trading Co. has ceased business since 15th January, 2007.
The subject’s business is chiefly handled by Devang Sevantilal Shah and Jagruti Devang Shah.
The subject is a business of the Shah family. Contact person is Mr. Darpil Shah who can be reached at his mobile phone number 9748 6804.
The
history of the subject in
On the whole, consider it good for normal business engagements in small credit amounts.
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.45.37 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.62.68 |
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.