MIRA INFORM REPORT

 

 

Report Date :

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

UNITY  DIAM

 

 

Registered Office :

Room 1011, 10/F., Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

15.08.2003

 

 

Com. Reg. No.:

33836317-000-08

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds, precious stones and jewellery

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Regular

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

 

UNITY  DIAM

 

 

company ADDRESS    

 

Room 1011, 10/F., Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.

PHONE:            2367 8114,  2724 6530

FAX:                 2368 7147

 

 

MANAGEMENT

 

Manager:  Mr. Mukeshkumar Gopalbhai Dholakiya

 

 

SUMMARY

 

Establishment:                          15th August, 2003.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Annual Turnover:            HK$20~22 million.

 

Employees:                   5.  (Including associate)

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

Room 1011, 10/F., Peninsula Square, West Wing, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.

 

Associated Company:-

H.K. Impex, Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER 

 

33836317-000-08

 

 

MANAGEMENT

 

Manager:  Mr. Mukeshkumar Gopalbhai Dholakiya

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Mukeshkumar Gopalbhai DHOLAKIYA (Formerly known as Mukesh Gopalbhai

DHOLAKIYA)

Residential Address:      4/F., 12 Observatory Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 15th August, 2003 as a sole proprietorship concern owned by Mr. Mukesh Gopalbhai Dholakiya under the Hong Kong Business Registration Regulations.

At the very beginning, the subject was located at 4/F., 12 Observatory Road, Tsimshatsui, Kowloon, Hong Kong, moved to Block E, 4/F., South Sea Apartment, 81 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong in October 2004; to Room 1603, 16/F., Winfield Commercial Building, 6‑8A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong in November 2004; and further moved to the present address in October 2005.

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, precious stones and jewellery.

 

Employees:                   5.  (Including associate)

 

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

 

Markets:                       Japan, India, Europe, US, other Asian countries, etc.

 

Annual Turnover:            HK$20~22 million.

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit & Loss:                Making a small profit every year.

 

Condition:                      Keeping in a normal state.

 

Facilities:                      Making 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

 

Unity Diam is a sole proprietorship set up and owned by Mr. Mukeshkumar Gopalbhai Dholakiya who is an Indian.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.

The subject is a diamond importer, exporter and wholesaler.  It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to 0.60 cts.

The subject is able to offer its worldwide customers with international standard diamonds.  Its prime markets are the Asia Pacific region, the United States, Europe, the Middle East, Australia, New Zealand, etc.

The subject has got an affiliated company H.K. Impex located at its operating address.  Business commenced on 1st January, 2002, H.K. Impex is a sole proprietorship owned by Mr. Bhagwanji Virji Lunagaria who is also an Indian.  The subject and H.K. Impex are engaged in the same lines of business.

The subject seems to be a business partner of H.K. Impex.  H.K. Impex is a marketing affiliate of m/s. Hari Krishna Exports, Mumbai, India.  According to H.K. Impex, Hari Krishna Exports has been in diamond business since 1983 and has six related factories in India with 4,000 workers in total.  The factories, operated by the Hari Krishan Group, are able to cut and polish all kinds of diamond.  It is specialized in “white colour and round cut” for all sizes.

The Hari Krishna Group is a diamond cutter and polisher.  Its flagship company Hari Krishna Exports was set up in 1992 at Surat in India with a simultaneous opening of sales and marketing office in Mumbai, the hub of polished diamond trade.  Ever since then, it has been at the cutting edge of trade, setting trends in the field of manufacturing and exporting of diamonds and studded jewellery.

The commodities of the subject and H.K. Impex are chiefly supplied by The Hari Krishna Group.  Overall business of the subject is normal.

The subject’s business is chiefly handled by the sole proprietor himself.  Annual sales turnover ranges from HK$20 to 22 million.  Making a small profit every year.

The history of the subject in Hong Kong is over seven years and four months.

On the whole, consider the subject good for normal business engagements.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.73.46

Euro

1

Rs.64.58

 

 

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.