MIRA INFORM
REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
KRIS
DIAMOND |
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Registered Office : |
Room 908, 9/F., |
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Country : |
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Date of Incorporation : |
01.01.2004 |
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Com. Reg. No.: |
34187307-000-01 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Wholesaler and Distributor of all kinds of diamonds, gemstones, 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 : |
No Complaints |
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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
KRIS DIAMOND
ADDRESS
Room 908, 9/F.,
PHONE: 2366 4478, 2366 4475
FAX: 2366 4076
E-MAIL: piyushkala@hotmail.com
MANAGEMENT
Manager: Ms. Ruchika Kala (Mobile Phone No.: 6486 0832)
SUMMARY
Establishment: 1st January, 2004.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Gemstone Trader.
Employees: 4. (Including affiliate)
Main Dealing Banker: The Bank of East Asia Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 908, 9/F.,
Affiliated
Companies:-
Beauty - Diam,
Beauty -
Beauty Diam Co. Ltd.,
BUSINESS REGISTRATION NUMBER
34187307-000-01
MANAGEMENT
Manager: Ms. Ruchika Kala
SOLE PROPRIETOR
Name: Ms. Ruchika KALA
Residential Address: Flat
B4, 14/F.,
HISTORY
The subject was established on 1st January, 2004 as a sole proprietorship concern owned by Ms. Ruchika Kala under the Hong Kong Business Registration Regulations.
Originally the subject was registered under the name of Kris Diamond, name changed to Kris Information Technology on 16th March, 2007 and further changed back to the initial name on 20th June, 2007.
At the very beginning, the subject’s office was located at Flat B4, 14/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong where is the residence of the proprietor, moved to Room 906, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong in November 2004; and further to Room 908, 9/F. of the same building in September 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Wholesaler and Distributor.
Lines: All kinds of diamonds, gemstones, etc.
Employees: 4. (Including affiliate)
Commodities Imported: Imported from
Markets:
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, D/A, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit & Loss: Traded at a small profitable angle.
Condition: Keeping in an active manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met obligations on time.
Commercial Morality: Satisfactory.
Bankers:-
The Bank of East Asia Ltd., Hong Kong.
Bank of
Standing: Small.
GENERAL
Business
commenced in January 2004, Kris Diamond is a sole proprietorship concern set up
and owned by Ms. Ruchika Kala who is an Indian businesswoman. She is an
Formerly the subject’s office was located at Ms. Kala’s residence, moved to the present address in September 2009. Her business began normally operated in 2004.
The
subject is a diamond and gemstone trader.
Commodities are chiefly imported from Europe and
The subject has got an affiliated company bearing the same name Kris Diamond but operated by Beauty Diam Co. Ltd. [BDCL] which is a Hong Kong-registered firm located at the same operating address.
Currently,
BDCL also has operated the following companies in
|
Business Name |
BR
No. |
Establishment |
Address |
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Beauty-Diam |
51214387-001-09 |
22-09-2009 |
Room 908, 9/F., |
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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 |
Room 908, 9/F., |
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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, |
The subject’s business is chiefly handled by Ms. Ruchika Kala herself who can be reached at her mobile phone number 6486 0832.
The
subject has got an affiliated company Beauty - Diam (BR No. 20640474) located
at its operating address. This Beauty -
Diam is a sole proprietorship set up and owned by Mr. Piyush Bhagchand Kala who
is also an Indian. Mr. P. B. Kala
is a Hong Kong ID Card holder and has got the right to reside in
Beauty
- Diam was established in 1979 in
Beauty - Diam manufactures oriental and western style jewellery. Its products, bearing the brand name “PURE”, have bee marketed in many countries of the world. Main products of Beauty - Diam are nose pin, bangles, bracelets, brooches, earrings, necklaces, pendants, rings, etc.
The
subject is supported by Beauty - Diam which is both in Hong Kong and
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.12 |
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|
1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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.