MIRA INFORM REPORT

 

 

Report Date :

12.01.2011

 

IDENTIFICATION DETAILS

 

Name :

RAJH  GEMS  (HK)

 

 

Registered Office :

Room 308, 3/F., Champagne Court, 20 Kimberley Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.10.2007

 

 

Com. Reg. No.:

38545371-000-10

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, etc

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

Payment Behaviour :

Regular

 

 

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

 

Country Name

Previous Rating

                   (01.04.2010)                  

Current Rating

(30.06.2010)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

RAJH  GEMS  (HK)

 

 

Company ADDRESS

 

Room 308, 3/F., Champagne Court, 20 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Nirav Ashokkumar Shah  (Mobile: 9091 2643)

 

 

SUMMARY

 

Establishment:                          26th October, 2007.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

Main Dealing Banker:     Indian Overseas Bank, Hong Kong Branch.

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

Room 308, 3/F., Champagne Court, 20 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Companies:-

AB Jewellery Ltd., Hong Kong.

Anitadiam, Hong Kong.

Hope Shine (HK) Ltd., Hong Kong.

Jebel Gems Int., Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

38545371-000-10

 

 

MANAGEMENT

 

Manager:  Mr. Nirav Ashokkumar Shah

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Nirav Ashokkumar SHAH

Residential Address:      B/28, Kailash Nagar, Shankerlane, Kandivali (W), India.

 

 

HISTORY

 

The subject was established on 26th October, 2007 as a sole proprietorship concern owned by Mr. Nirav Ashokkumar Shah under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat 1, 7/F., 1 Hanoi Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in June 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, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, other Asian countries, Europe, etc.

 

Markets:                       Japan, other Asian countries, etc.

 

Terms/Sales:                 L/C and T/T.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit & Loss:                Making a small loss in 2009.

 

Condition:                      Business is fairly active.

 

Facilities:                      Trying to make use of general banking facilities.

 

Payment:                      Met as required.

 

Commercial Morality:     Fairly satisfactory.

 

Bankers:-

Indian Overseas Bank, Hong Kong Branch.

Industrial & Commercial Bank of China Ltd., Hong Kong Branch.

 

Standing:  Small.

 

 

GENERAL

 

Rajh Gems (HK) is a sole proprietorship set up and owned by Mr. Nirav Ashokkumar Shah who is an Indian.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject move to the present address in June 2009.  Its present registered office is in a residential building which is not trespassed by outsiders.

The subject has had an affiliate Hope Shine (HK) Ltd. [Hope Shine] located at a different address.  The director of this firm is Shah.  Shah can be reached at his mobile phone number 9091 2643.

Having issued 2 ordinary shares of HK$10.00 each, Hope Shine is wholly owned by Reena Jignesh Sanghavi who is an Indian.  This firm is also a diamond trader.

Business commenced in October 2007, the subject is trading in loose diamonds, emerald, precious stones, gemstones, semi-precious stones, etc.  Commodities are chiefly imported from India and other Asian countries.  Polished and cut diamonds are exported and re-exported to Japan, other Asian countries, the Middle East, etc.  Business is fairly active.

Being a “one-man company”, the subject has no employees in Hong Kong.  The subject’s business is chiefly handled by Mr. Nirav Ashokkumar Shah himself.

The history of the subject is over three years and two months in Hong Kong.

On the whole, since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.32

UK Pound

1

Rs.70.54

Euro

1

Rs.58.70

 

 

RATING EXPLANATIONS

 

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.