MIRA INFORM REPORT

 

 

Report Date :           

21.07.2011

 

IDENTIFICATION DETAILS

 

Name :

SUPER  COLLECTION

 

 

Registered Office :

Flat 21E, 21/F., Block 10, Villa Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.03.1999

 

 

Com. Reg. No.:

22333996-000-03

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

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

Small Company 

 

 

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

 

SUPER  COLLECTION

 

 

Company ADDRESS

 

Flat 21E, 21/F., Block 10, Villa Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Kamlesh Surendra Modi

 

 

SUMMARY

 

Establishment:                          20th March, 1999.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

Flat 21E, 21/F., Block 10, Villa Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.

 

P.O. Box 86162, Gillies Avenue Post Office, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

22333996-000-03

 

 

MANAGEMENT

 

Manager:  Mr. Kamlesh Surendra Modi

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Kamlesh Surendra MODI

Residential Address:      11/F., Rear Portion, Ocean View Court, 25A Chatham Road, Tsimshatsui, Kowloon,

Hong Kong.

 

 

HISTORY

 

The subject was established on 20th March, 1999 as a sole proprietorship concern owned by Mr. Kamlesh Surendra Modi under the Hong Kong Business Registration Regulations.

Initially the subject was located at Room 108, 1/F., Wing On Plaza, 52 Mody Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat 7 & 8, 8/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong in June 2004; to Flat B, 20/F., Block 12A, Costa Del Sol, Laguna Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong in July 2004; and further to the present address in May 2007.

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, emerald, precious stones, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, Belgium, other European countries, etc.

 

Markets:                       Japan, Southeast Asia, Europe, Middle East, etc.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making rather active use of general banking facilities.

 

Payment:                      Met trade commitments as contracted.

 

Commercial Morality:  Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Super Collection is a sole proprietorship set up and owned by Mr. Kamlesh Surendra Modi who is an Indian.  Modi has been in Hong Kong for a very long time.  It is likely that he is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject’s registered address is located at Flat 21E, 21/F., Block 10, Villa Verde, 8 Laguna Verde Avenue, Hunghom, Kowloon, Hong Kong.  This office is not in a commercial building but a residential building.  It is likely that Modi 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 Modi’s residential address.  The subject moved to this address in May 2007.  The premises located at the above-mentioned address is owned by C. Mahendra Exports (H.K.) Ltd. [CME] which is a Hong Kong-registered firm.  This firm is also a diamond trader.

Formerly the subject was located at Flat 7 & 8, 8/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong where is the current operating address of CME.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject has no employees in Hong Kong.

The subject is dealing in fine coloured diamonds and rare gemstones.  Products include fancy coloured diamonds, unusual rose cut and briolette cut diamonds.  Most of the commodities are imported from India and Europe.  Prime markets are Hong Kong, Japan, the other Asian countries, the Middle East, etc.  Business is normal.

The subject is just a one-man company.  Keeping a balance account or making a very small profit in most of the past years.

The history of the subject in Hong Kong is over twelve years and four months.  Regular customers and suppliers have been maintained.

On the whole, consider it good for normal business engagements in small credit amounts.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.46

UK Pound

1

Rs.71.67

Euro

1

Rs.62.94

 

 

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.