MIRA INFORM REPORT

 

 

Report Date :

19.01.2011

 

IDENTIFICATION DETAILS

 

Name :

SU-RAJ  INTER  GOLD  (HK)

 

 

Registered Office :

Flat F, 13/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong  

 

 

Date of Incorporation :

30.12.2003

 

 

Com. Reg. No.:

34310497-000-12

 

 

Legal Form :

Sole Proprietorship Concern

 

 

Line of Business :

Importer, Exporter and Wholesaler of Precious stones, gems, 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 :

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

 

SU-RAJ  INTER  GOLD  (HK)

 

 

company ADDRESS

 

Flat F, 13/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2366 8552,  3119 7291

FAX:                 2366 5744

E-MAIL:                        rakesh@su-rajintergold.com

rajeev@su-rajintergold.com

 

 

MANAGEMENT

 

Manager:  Mr. Rakesh Kanakraj Kothari

 

 

SUMMARY

 

Establishment:                          30th December, 2003.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   2.  (Including affiliates)

 

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

 

Banking Relation:           Satisfactory.

 

Company name

 

Head Office:-

Flat F, 13/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Companies:-

·         My Creations, Hong Kong.  (Same address)

·         Rajab Gem Corporation, Hong Kong.  (Same address)

·         Rajab Traders, Hong Kong.  (Same address)

·         Su-Raj Inter Gold DMCC, UAE.

·         Su-Raj Inter Gold Inc., USA.

·         Su-Raj Inter Gold Pvt. Ltd., Thailand.

 

 

BUSINESS REGISTRATION NUMBER

 

34310497-000-12

 

 

MANAGEMENT

 

Manager:  Mr. Rakesh Kanakraj Kothari

 

 

SOLE PROPRIETOR

 

Name:                           Rakesh Kanakraj KOTHARI

Residential Address:      A/10 B. No. 001 Yogi Nagar Eksar Road, Borivali (W), Mumbai-400092, India.

 

Name:                           Rajeev Bharat MEHTA

Residential Address:      B/37 Shanti Sadan Shankar Lane, Kandivali (W), Mumbai-400067, India.

 

Name:                           Seyed Mohamed SALIHU SEYED AHAMED

Residential Address:      Flat F, 13/F., Golden Crown Court, 10 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 30th December, 2003 as a sole proprietorship concern owned by Prakesh Madhusudhan Doshi under the Hong Kong Business Registration Regulations.

The following table shows the changes of the partners:-

Name

Incoming Date

Outgoing Date

Prakesh Madhusudhan DOSHI

30-12-2003

11-06-2009

Arpit Dineshchandra SHAH

02-03-2004

15-01-2007

Rajan Kishorimal KHIMAWAT

04-03-2004

17-12-2005

Kishoremal V. KHIMAWAT

04-03-2004

17-12-2005

Rakesh Kanakraj KOTHARI

15-01-2007

-

Sachin Bandu SHENDE

21-05-2007

11-06-2007

Rajeev Bharat MEHTA

21-05-2007

-

Seyed Mohamed SALIHU SEYED AHAMED

11-06-2009

-

 

Initially the subject was located at Flat D, 7/F., Luxury Court, 9 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong, moved to Room 607, 6/F., Carnarvon Plaza, 20-20C Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong in March 2004; to Flat E, 5/F., Windsor Mansion, 17 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong in July 2006; and further to the present address in October 2008.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Precious stones, gems, etc.

 

Employees:                   2.  (Including affiliates)

 

Commodities Imported:   India, other Asian countries, etc.

 

Markets:                       Japan, Taiwan, other Asian countries, Middle East, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

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

 

 

MEMBERSHIP    

 

·         Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong.

·         The Hong Kong General Chamber of Commerce, Hong Kong.
[Membership No. HKS0957]

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a normal manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met obligations as required.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Su-Raj Inter Gold (HK) is a partnership jointly owned by three Indian, namely, Mr. Rakesh Kanakraj Kothari, Mr. Rajeev Bharat Mehta and Mr. Seyed Mohamed Salihu Seyed Ahamed.  The last partner joined in the subject in June 2009.

The registered address of the subject is located at Flat F, 13/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong where is the residential address of Salihu Seyed Ahamed.

Business commenced in December 2003, the subject has got its partners changed for many times.

Located at the same address, the subject has got two affiliated companies known as Rajab Gem Corporation and My Creations.  The subject is a diamond trader, so do the other two firms.

The subject is trading in loose diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured sapphire, Tanzanite, imitation, 18K gold metal jewellery, etc.  Main products are bracelets, brooches, earrings, necklaces, rings, pendants, etc.  Products are exported to worldwide countries.

The business of Rajab Gem Corporation is handled by Mr. Seyed Ahamed Seyed Mohamed Salihu while My Creations by Mr. Rakesh Kanakraj Kothari and Mr. Rajeev Bharat Mehta.

Besides Rajab Gem Corporation and My Creations, the subject has had a third affiliated company known as Rajab Traders located at its operating address.  Rajab Traders is engaged in sourcing and distributing imitation jewellery, mobile phones, batteries, memory cards, etc.  This firm and Rajab Gem Corporation are under the same management.

The subject in fact is a member of Su-Raj Inter Gold Group [Su-Raj].  Main office is in Thailand, other offices have been set up in Dubai, New York besides the subject in Hong Kong.

In order to penetrate the international market further, Su-Raj has taken part in fairs and exhibitions held in Hong Kong, New York, Miami, Bangkok, Basel, Vicenza, Las Vegas, Arabia, Bahrain and other foreign large cities.

As the history of the subject in Hong Kong is over six years, consider it good for normal business engagements.

COURT CASES:            None per our.

 

.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.53

UK Pound

1

Rs.72.56

Euro

1

Rs.60.62

 

 

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

 

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.