MIRA INFORM REPORT

 

 

Report Date :

17.01.2011

 

IDENTIFICATION DETAILS

 

Name :

HAAP DIAM

 

 

Registered Office :

Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong  

 

 

Date of Incorporation :

27.09.2006

 

 

Com. Reg. No.:

37191616-000-09

 

 

Legal Form :

Sole Proprietorship.

 

 

Line of Business :

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

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct 

 

 

Litigation :

Clear

 

 

company name

 

HAAP  DIAM

 

 

company ADDRESS    

 

Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:                  Not Available

FAX:                       Not Available

 

 

MANAGEMENT

 

Manager:  Mr. Hamir Dahyabhai Dangar

 

 

SUMMARY

 

Establishment:        27th September, 2006.

 

Organization:           Sole Proprietorship.

 

Capital:                   Not disclosed.

 

Business Category:  Importer, Exporter and Wholesaler.

 

Employees:             Nil.

 

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:     Fair.

 

 

company ADDRESS

 

Head Office:-

Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

37191616-000-09

 

 

MANAGEMENT

 

Manager:  Mr. Hamir Dahyabhai Dangar

 

SOLE PROPRIETOR

 

Name:                           Mr. Hamir Dahyabhai DANGAR

Residential Address:      Flat G, 15/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

 

HISTORY

 

The subject was established on 27th September, 2006 as a sole proprietorship concern owned by Mr. Rahul Bhikhabhai Talauia under the Hong Kong Business Registration Regulations.

The following table shows the changes of the partners:-

 

Name

Incoming Date

Outgoing Date

Rahul Bhikhabhai Talavia

27-09-2006

03-04-2007

Hamir Dahyabhai Dangar

07-03-2007

 

 

At the very beginning, the subject was located at Flat G, 11/F., Windsor Mansion, 29-31 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat G, 15/F. of the same building in March 2007.

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, gem stones, etc.

 

Employees:                  Nil.

 

Commodities Imported: India, etc.

 

Markets:                      Hong Kong, other Asian countries, etc.

 

Terms/Sales:                L/C.

 

Terms/Buying:             L/C.

 

 

FINANCIAL INFORMATION

 

Capital:                   Not disclosed.

 

Profit & Loss:          Suffered from a small loss in 2007.

 

Condition:                Business is still under development.

 

Facilities:                Trying to make use of general banking facilities.

 

Payment:                Met obligations on time.

 

Commercial Morality:  Fairly satisfactory.

 

Banker:                   The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                Small.

 

 

GENERAL

 

Happ Diam is a sole proprietorship owned by Mr. Hamir Dahyabhai Dangar who is an India passport holder.

Danger joined in the subject on 7th March, 2007 and does not have the right to reside in Hong Kong permanently.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject does not have its own operating office.  Its registered address is in the residence of the sole proprietor.  Business is not very active in Hong Kong.

Business commenced in September 2006, the subject is trading in loose diamonds, precious stones, gem stones, semi-precious stones, etc.  Gem stones and diamonds are processed, polished and cut in Hong Kong.  Finished products are exported to Asian countries, etc.

The subject’s business is chiefly handled by Mr. Hamir Dahyabhai Dangar himself.  The subject is a one-man-company.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

 

COURT CASES: None per our records.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.30

UK Pound

1

Rs.71.73

Euro

1

Rs.60.40

 

 

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

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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%)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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