MIRA INFORM REPORT

 

 

Report Date :           

20.06.2011

 

IDENTIFICATION DETAILS

 

Name :

P.K.  IMPEX

 

 

Registered Office :

Flat E, 6/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

19.02.1999

 

 

Com. Reg. No.:

22274984-000-02

 

 

Legal Form :

Partnership

 

 

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 :

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

 

 Bottom of Form

 

Company name

 

P.K.  IMPEX

 

 

Company ADDRESS

 

Flat E, 6/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2377 3266,  2312 6211

FAX:                 2375 2967

E-MAIL:            aasnit@netvigator.com

 

 

MANAGEMENT

 

Manager:  Mr. Paresh Kirtilal Shah

 

 

SUMMARY

 

Establishment:                          19th February, 1999.

 

Organization:                 Partnership.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   2.  (Including associate)

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

Flat E, 6/F., Cameron Plaza, 23-25 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.

 

Associated Company:-

Amy Exports, Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

22274984-000-02

 

 

MANAGEMENT

 

Manager:  Mr. Paresh Kirtilal Shah

 

 

PARTNERS

 

Name:                           Mr. Paresh Kirtilal SHAH

Residential Address:      Flat A, 12/F., Kiu Fung Mansion, 18 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

Name:                           Mr. Leena Parseh SHAH

Residential Address:      Flat A, 6/F., Garden Mansion, 154-156 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 19th February, 1999 as a sole proprietorship concern owned by Mr. Paresh Kirtilal Shah under the Hong Kong Business Registration Regulations.  It became a partnership as Mr. Leena Paresh Shah joined in as partner on 6th October, 2006.

At the very beginning, the subject was located at Flat A, 12/F., Kiu Fung Mansion, 18 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong, moved to Flat A, 6/F., Garden Mansion, 154-156 Austin Road, Tsimshatsui, Kowloon, Hong Kong in January 2005, and further to the present address in September 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, etc.

 

Employees:                   2.  (Including associate)

 

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

 

Markets:                       Hong Kong, Japan, other Asian countries, North America, Western Europe, etc.

 

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

 

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

 

 

MEMBERSHIP

 

The Indian Chamber of Commerce Hong Kong, Hong Kong.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a very small profit every year.

           

Condition:                      Business has been normal.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

P.K. Impex is a partnership jointly owned by Mr. Paresh Kirtilal Shah and Mr. Leena Parseh Shah, while both of whom are Indian.  Both are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.  They belong to the same family Shah.

The subject is dealing in fine coloured diamonds and rare gemstones.  Products include fancy coloured diamonds, unusual rose cut and briolette cut diamonds, polished and cut, loose diamonds.  The subject 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 India and Europe.  Prime markets are Hong Kong, Japan and the other Asian countries.

The subject’s business is chiefly handled by the Shahs themselves.  They have got regular suppliers in India and a number of customers in Asia.  Overall business is satisfactory.

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

On the whole, consider the subject good for normal business engagements in moderate credit amounts.

 

COURT CASES:            None per our.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.43

Euro

1

Rs.63.62

 

 

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.