MIRA INFORM
REPORT
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Report Date : |
29.01.2011 |
IDENTIFICATION DETAILS
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Name : |
H Diam HK Ltd. |
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Registered Office : |
Room 1501,
15/F., |
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Country : |
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Date of Incorporation : |
09.06.2010 |
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Com. Reg. No.: |
52416350 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Diamonds and Jeweler. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Company |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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
H. DIAM
HK LTD.
company ADDRESS
Room 1501, 15/F.,
PHONE 6127 6614
FAX 2366 3806
MANAGEMENT
Managing
Director: Mr. Pritesh Nandkumar Mistry
SUMMARY
Incorporated on: 9th June,
2010.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Diamond
Trader.
Employees: 2.
Main Dealing Banker: The Hongkong & Shanghai
Banking Corp. Ltd.,
Banking Relation: Too early to comment.
company ADDRESS
Registered Head
Office:-
Room 1501, 15/F.,
BUSINESS REGISTRATION NUMBER
52416350
COMPANY FILE NUMBER
1466698
MANAGEMENT
Managing
Director: Mr. Pritesh Nandkumar Mistry
CAPITAL
Nominal Share
Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1,000,000.00
SHAREHOLDER
(As per registry dated 09-06-2010)
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Name |
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No.
of shares |
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Pritesh Nandkumar MISTRY |
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1,000,000 ======= |
DIRECTORS
(As per registry dated 16-12-2010)
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Name (Nationality) |
Address |
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Pritesh
Nandkumar MISTRY |
Flat E, 10/F., |
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Nishantkumar
Shashikant KAPASI |
Vrij Nivas, New Plot, Nr. Juni Mill, Dhasa
Junction, |
SECRETARY
(As per registry dated 09-06-2010)
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Name |
Address |
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Bayani
Divino Bautista |
13/F., |
HISTORY
The
subject was incorporated on 9th June, 2010 as a private limited liability company
under the Hong Kong Companies Ordinance.
Initially
the subject was located at Unit B, 12/F., Granville House, 41C &
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities:
Importer, Exporter and Wholesaler.
Lines: Diamonds
and jewelers.
Employees: 2.
Commodities
Imported:
Markets:
Annual Turnover:
Too early to obtain figure.
Terms/Sales: L/C,
T/T, etc.
Terms/Buying:
Prepayment, L/C, etc.
FINANCIAL INFORMATION
Nominal Share
Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1,000,000.00
Profit or Loss:
Too early to offer an opinion.
Condition:
Business is under development.
Facilities: Making
fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial
Morality: Too early to comment.
Banker: The Hong kong & Shanghai Banking Corp.
Ltd.,
Standing: Small.
GENERAL
Having
issued 1 million ordinary shares of HK$1.00 each, H. Diam HK Ltd. is wholly
owned by Mr. Pritesh Nandkumar Mistry who is an Indian. He is a Hong Kong ID Card holder and has got
the right to reside in
Formerly
the subject’s registered address was in the office of a commercial service
provider Ponce & Co. Ltd. which is a Hong Kong-registered firm. It moved to the present new address in
September 2010.
Business
commenced in June 2010, the subject is a diamond importer, exporter and
wholesaler. It is trading in loose
diamonds, emerald, precious stones, ruby jade, gem sets, semi-precious stones,
blue or coloured sapphire, Tanzanite, etc.
Most of the raw materials and products are imported from
The
subject’s raw materials are chiefly imported from
The subject’s business is
still under development.
On the whole, since the
history of the subject is short, consider it good for normal business
engagements on L/C basis.
Court cases: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.57 |
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1 |
Rs.72.50 |
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Euro |
1 |
Rs.62.46 |
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 |
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NB |
New Company |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.