MIRA INFORM REPORT

 

 

Report Date :

20.01.2011

 

IDENTIFICATION DETAILS

 

Name :

HAAP  DIAM

 

 

Registered Office :

Room 2012, 20/F., Block 1, The Metropolis Residence, 8 Metropolis Drive, Hunghom, 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 :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

HAAP  DIAM

 

 

Company ADDRESS

 

Room 2012, 20/F., Block 1, The Metropolis Residence, 8 Metropolis Drive, Hunghom, 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:-

Room 2012, 20/F., Block 1, The Metropolis Residence, 8 Metropolis Drive, Hunghom, 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 Talavia 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, and further to the present address in December 2008.

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 or 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

 

Haap 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 moved to the present address in December 2008.  Its 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 office is not in a commercial building but a residential building.  It is likely that Dangar has moved to this new address but does not make any amendments on the subject’s registration materials.  It seems that the subject’s operating address is also Dangar’s residential address.  The residential building is not trespassed by outsiders.  The subject has no employees 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 marketed in Hong Kong and exported to other Asian countries, etc.

The subject’s business is chiefly handled by Dangar himself.  The subject is just a one-man company.  History in Hong Kong is over four years and three months.

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.45.38

UK Pound

1

Rs.72.71

Euro

1

Rs.61.15

 

 

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%)

 

 

 

 

 

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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.