MIRA INFORM REPORT

 

 

Report Date :           

12.07.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

JK  DIAM  LTD.

 

 

Registered Office :

Flat C, 7/F., Han Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.05.2010

 

 

Com. Reg. No.:

52287468

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, 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 :

No Complaints

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

JK  DIAM  LTD.

 

 

Company ADDRESS

 

Flat C, 7/F., Han Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2736 6100

FAX:                 2736 6110

E-MAIL:            jkdiamhk@gmail.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Shaileshkumar Popatlal Lukhi

 

 

SUMMARY

 

Incorporated on:             17th May, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$3,500,000.00

Issued:              HK$3,500,000.00

 

Business Category:        Diamond Trader.

 

Employee:                     1.

 

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

 

Banking Relation:           Satisfactory.

company ADDRESS

 

Registered Head Office:-

Flat C, 7/F., Han Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Company:-

J.K. Star

G-9 Prasad Chambers Tata Road, 1 Opera House, Mumbai-400004, India.

[Tel: 9122-2366 9647, 2366 9648;  Mobile: 91 9820 165478]

 

 

BUSINESS REGISTRATION NUMBER

 

52287468

 

 

COMPANY FILE NUMBER

 

1456817

 

 

MANAGEMENT

 

Managing Director:         Mr. Shaileshkumar Popatlal Lukhi

Contact Person:             Mr. Sameer A. Vora  (Mobile: 9561 1795)

 

 

CAPITAL

 

Nominal Share Capital: HK$3,500,000.00 (Divided into 3,500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$3,500,000.00

 

 

SHAREHOLDER  

(As per registry dated 17-05-2011)

 

Name

 

No. of shares

Shaileshkumar Popatlal LUKHI

 

3,500,000

=======

DIRECTOR    

(As per registry dated 17-05-2011)

 

Name

(Nationality)

 

Address

Shaileshkumar Popatlal LUKHI

7-A, Giriraj Co-op. Hsg. Soc. Ltd., 11-Altamount Road, Mumbai-26, India.

 

 

SECRETARY

(As per registry dated 17-05-2011)

 

Name

Address

Co. No.

Lodestar Secretaries Ltd.

13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong.

0113023

 

 

HISTORY

 

The subject was incorporated on 17th May, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

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, etc.

 

Employee:                     1.

 

Commodities Imported:   India, other Asian countries, Europe, etc.

 

Markets:                       Hong Kong, other Asian countries, Europe, etc.

 

Annual Turnover:            Too early to obtain figure.

 

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

 

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

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$3,500,000.00 (Divided into 3,500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$3,500,000.00

 

Alternation of Capital:-

Initially

paid up

HK$      10,000.00

11-04-2011

paid up

HK$      3,490,000.00

 

 

–––––––––––––––

Total:

paid up

HK$      3,500,000.00

==============

 

Increase of Nominal Capital:-

From

HK$10,000.00

to

HK$3,500,000.00

on

11-04-2011

 

Profit or Loss:                Made a small loss in 2010.

 

Condition:                      Business is improving.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments on time.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 3.5 million ordinary shares of HK$1.00 each, JK Diam Ltd. is wholly owned by Mr. Shaileshkumar Popatlal Lukhi who is an Indian.  He is also the only director of the subject.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.

Formerly the subject had just issued 10,000 ordinary shares of HK$1.00 each, increased to the present number in April 2011.

Incorporated in May 2010, the subject’s registered address is located at Flat C, 7/F., Han Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.  This office is not in a commercial building but a residential building.  It is likely that Lukhi is residing in this address when he is in Hong Kong.  The residential building is not trespassed by outsiders.

The subject has an employee in Hong Kong known as Mr. Sameer A. Vora who is the marketing manager of the subject.  Sameer A. Vora can be reached at his mobile phone number 852-9561 1795.

The subject is a diamond importer, exporter and wholesaler.  Most of its commodities are loose diamonds which are imported from India.  Most of the products are marketed in Hong Kong or re-exported to the other Asian countries, North America and even South America.  Business is improving in Hong Kong.

According to the subject, it is a leading supplier in NATTS diamonds in the Mumbai market of India.  Now it has targeted on the east Asian market while Hong Kong is the foothold.  This is the reason why the subject has been set up.

The subject can supply all kinds of NATTS diamonds ranging from US$30 to 500.  It also can supply white and white NATTS diamonds in all sizes.

The subject has got an affiliated company in India known as J.K. Star which is in Mumbai.  J.K. Star is trading in the same kinds of products as the subject.  It is also the main supplier of the subject.

In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities.  For instance, it took part in Hong Kong International Jewellery Show which had been held during the period of 4th to 8th March, 2011.

As the history of the subject in Hong Kong is just over a year and a month, on the whole, consider it good for normal business engagements on secured basis.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.37

UK Pound

1

Rs.70.84

Euro

1

Rs.62.96

 

 

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

----

 

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.