MIRA INFORM
REPORT
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Report Date : |
07.01.2011 |
IDENTIFICATION DETAILS
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Name : |
BEAUTY
GEMS |
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Registered Office : |
Room 603, 6/F., Tung Shun Hing Commercial Centre, |
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Country : |
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Date of Incorporation : |
11.10.1999 |
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Com. Reg. No.: |
30427911-000-10 |
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Legal Form : |
Partnership Concern |
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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
BEAUTY
GEMS
COMPANY ADDRESS
Room 603, 6/F., Tung Shun Hing Commercial Centre,
PHONE: 3165 1680, 3165 7680
FAX: 2377 0339
MANAGEMENT
Manager: Mr. Anilkumar Harinarayan Khaton
SUMMARY
Establishment: 11th October, 1999.
Organization: Partnership.
Capital: Not disclosed.
Business Category: Gem Trader.
Annual Turnover: HK$12~15 million.
Employees: 2.
Main Dealing Banker: Hang
Seng Bank Ltd.,
Banking Relation: Satisfactory.
COMPANY ADDRESS
Head Office:-
Room
603, 6/F., Tung Shun Hing Commercial Centre,
Associated with:-
K.V.
Impex,
BUSINESS REGISTRATION NUMBER
30427911-000-10
MANAGEMENT
Manager: Mr. Anilkumar Harinarayan Khaton
PARTNERS
Name: Mr. Anilkumar Harinarayan KHATON
Residential
Address: Flat 4, 18/F.,
Name: Ms. Rekha DAGA
Residential
Address: Flat C, 4/F.,
HISTORY
The subject was established on 11th October, 1999 as a partnership concern jointly owned by Mr. Anilkumar Harinarayan Khaton and Ms. Rekha Daga under the Hong Kong Business Registration Regulations.
At the very beginning, the subject was located at Flat C, 4/F., Houng Sun Building, 45-47 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat C, 4/F., Golden Mansion, 83-85 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong in December 1999, and further moved to the present address in February 2006.
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:
Annual Turnover: HK$12~15 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making quite active use of general banking facilities.
Payment: Met on time.
Commercial Morality: Satisfactory.
Banker: Hang
Seng Bank Ltd.,
Standing: Small.
GENERAL
Beauty
Gems is a partnership concern jointly owned by Mr. Anilkumar Harinarayan Khaton
and Ms. Rekha Daga, both of whom are Indian.
The partners are Hong Kong ID Card holders and have got the right to
reside in
Business
commenced in October 1999, the subject is a diamond and gem importer, exporter
and wholesaler. It is dealing in fine
coloured diamonds, loose diamonds and rare gem stones. Products include fancy coloured diamonds,
unusual rose cut and briolette cut diamonds.
Commodities are imported from
To
our knowledge, Ms. Rekha Daga is also the sole proprietor of K.V. Impex which
is located at
The business of the subject is chiefly handled by the two partners. Regular suppliers and foreign customers have been maintained.
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
The annual sales turnover of the subject ranges from HK$12 to 15 million. Making a small profit every year.
On the whole, since the history of the subject is over ten years and nine months, consider it good for normal business engagements.
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.45.31 |
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1 |
Rs.70.26 |
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Euro |
1 |
Rs.59.56 |
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.