MIRA INFORM
REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
BEAUTY-DIAM |
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Registered Office : |
Room 908, 9/F., |
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Country : |
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Date of Incorporation : |
22.09.2009 |
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Com. Reg. No.: |
51214387-001-09 |
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Legal Form : |
Sole Ownership |
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Line of Business : |
Importer, Exporter and Wholesaler of Diamonds, emerald, precious stones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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-DIAM
Company ADDRESS
Room 908, 9/F.,
PHONE: 2366 4478, 2366 4475
FAX: 2366 4076
E-MAIL: piyushkala@hotmail.com
MANAGEMENT
Manager: Mr. Piyush Bhagchand Kala
SUMMARY
Establishment: 22nd September, 2009.
Organization: Sole Ownership.
Capital Provider: Provided by Sole Owner.
Business Category: Importer, Exporter and Wholesaler.
Employees: 2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Room 908, 9/F.,
Sister Companies:-
Kris Diamond,
Pola Hong Trading
River Code Infotech,
Cheung Lung Trading,
Affiliated
Companies:-
Beauty - Diam,
Beauty -
Kris Diamond,
BUSINESS REGISTRATION NUMBER
51214387-001-09
MANAGEMENT
Manager: Mr. Piyush Bhagchand Kala
SOLE OWNER
Beauty Diam
Co. Ltd.,
HISTORY
The
subject was established on 22nd September, 2009 as a sole ownership firm with
Beauty Diam Co. Ltd. as the proprietor under the Hong Kong Business Registration
Regulations.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Diamonds, emerald, precious stones, etc.
Employees: 2.
Commodities Imported:
Markets: Hong
Kong, Southeast Asia, Middle East,
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Capital Provider: Provided by Sole Owner.
Profit or Loss: Suffering from a small loss in 2009.
Condition: Business is under development.
Facilities: Trying to make use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Fairly satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Beauty-Diam
is a sole ownership firm owned and operated by Beauty Diam Co. Ltd. [BDCL]
which is a Hong Kong-registered firm located at the same office as the
subject. The subject’s registered office
is in a private building located at Room 908, 9/F.,
The
manager of the subject Mr. Piyush Bhagchand Kala is an Indian. He is a Hong Kong ID Card holder and has got
the right to reside in
Business
commenced in September 2009, the subject is trading in loose diamonds, emerald,
precious stones, etc. Raw materials are
imported from
Besides
the subject, BDCL also has had the following operating companies in
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Date of |
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Kris Diamond |
51214387-002-09 |
22-09-2009 |
Room 908, 9/F., |
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Pola Hong Trading |
51214387-003-09 |
22-09-2009 |
Flat F, 47/F., Block
2, Grand Waterfront, |
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River Code Infotech |
51214387-004-09 |
22-09-2009 |
Flat F, 47/F., Block
2, Grand Waterfront, |
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Cheung Lung Trading |
51214387-005-09 |
22-09-2009 |
Flat F, 47/F., Block
2, Grand Waterfront, |
All the above-mentioned firms are trading in diamonds. However, Pola Hong Trading Co. and River Code Infotech are also trading in telecommunication equipment, electronic products, etc.
Having issued 10,000 ordinary shares of HK$1.00 each, BDCL is wholly owned by Kala. It was incorporated on 22nd September, 2009.
The subject is just a one-man company. Business is improving.
On the whole, since the history of the subject is just over a year and three months, on the whole, consider it good for normal business engagements on secured/C basis.
COURT CASES: None per our.
Company name
BEAUTY
DIAM CO. LTD.
(Trading
as: BEAUTY-DIAM, KRIS DIAMOND, POLA HONG
TRADING
company ADDRESS
Room
908, 9/F.,
BUSINESS REGISTRATION NUMBER
51214387-000-09
COMPANY FILE NUMBER
1375624
DATE OF INCORPORATION
22nd September, 2009.
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDER
(As per registry dated 22-09-2010)
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Name |
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No. of shares |
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Piyush Bhagchand KALA |
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10,000 ===== |
DIRECTOR
(As per registry dated 22-09-2010)
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Name (Nationality) |
Address |
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Piyush Bhagchand KALA |
Flat F, 47/F., Block 2, Grand
Waterproof, |
SECRETARY
(As per registry dated 22-09-2010)
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Name |
Address |
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Buttar.HK Ltd. |
1/F., |
0975326 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.58 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.61.45 |
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.