MIRA INFORM
REPORT
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Report Date : |
14.06.2011 |
IDENTIFICATION DETAILS
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Name : |
KARAT
EXIM |
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Registered Office : |
Unit E1, 3/F., |
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Country : |
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Date of Incorporation : |
09.09.2009 |
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Com. Reg. No.: |
51144902-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, etc. |
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 Business |
---- |
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Status : |
New Concern |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
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
KARAT EXIM
Company ADDRESS
Unit E1, 3/F., Hang Fung Industrial Building, Phase 1, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
PHONE: 3927 9504, 3927 9405
FAX: 3927 9604
MANAGEMENT
Manager: Mr. Vikramdas Shankerdas Vaishnav
SUMMARY
Establishment: 9th September, 2009.
Organization: Sole Proprietorship.
Capital: Not disclosed
Business Category: Diamond Trader.
Employees: 4. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
company ADDRESS
Head Office:-
Unit E1, 3/F., Hang Fung Industrial Building, Phase 1, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong.
Associated
Companies:- (Same address)
Kay International,
Kreators & Concepts,
Kristal Designs, Hong Kong. [Business ceased]
Smartstones Trading,
BUSINESS REGISTRATION NUMBER
51144902-000-09
MANAGEMENT
Manager:
Mr. Vikramdas Shankerdas Vaishnav
SOLE PROPRIETOR
Name:
Mr.
Vikramdas Shankerdas VAISHNAV
Residential Address: Room No. 2, 1/F., Gujder House, Colaba, Mumbai-5,
HISTORY
The subject was established on 9th
September, 2009 as a sole proprietorship concern owned by Mr. Vikramdas
Shankerdas Vaishnav under the Hong Kong Business Registration Regulations.
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.
Employees: 4. (Including associates)
Commodities Imported:
Markets:
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not
disclosed
Profit or Loss: Too early to offer an opinion.
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.,
Standing:
Small.
GENERAL
Karat
Exim is a is a sole proprietorship set up and owned by Mr. Vikramdas Shankerdas
Vaishnav who is an Indian. He is an
The
subject is a diamond trader. Currently,
it is sharing the same operating office with Smartstones Trading and Kreators
& Concepts, both are Hong Kong-registered firms.
Smartstones
Trading was established on 7th June, 2005 as a sole proprietorship owned
by Mr. Law Wah Chiu who is a
Another
firm Kristal Designs was also located at the subject’s operating address,
however, this firm has ceased business formally since 31st December, 2009.
The
subject is a diamond importer, exporter and wholesaler. It is trading in the following commodities:
single-cut diamond, fullcut loose diamond, carat size diamonds, blue sapphire,
etc. Most of the commodities are
imported from
The
subject is also a commission agent.
Business has been improving.
The
subject’s business is chiefly handled by Vaishnav himself. Vaishnav has had close business ties with a
number of jewellery manufactures in
Since
the history of the subject is just over a year and three months in
Hong Kong, on the whole, consider it good for normal business engagements
on secured basis for the time being.
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.44.87 |
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1 |
Rs.72.83 |
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Euro |
1 |
Rs.64.37 |
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 Business |
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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.