MIRA INFORM REPORT

 

 

Report Date :

30.06.2011

 

IDENTIFICATION DETAILS

 

Name :

JEDI  DIA.  TRADING  LTD.

 

 

Registered Office :

Room 1507, 15/F., Multifield Plaza, 3-7A Prat Avenue, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

12.06.2006

 

 

Com. Reg. No.:

36842173

 

 

Legal Form :

Private Limited Company

 

 

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

 

Name and address

 

JEDI  DIA.  TRADING  LTD.

 

 

ADDRESS:       Room 1507, 15/F., Multifield Plaza, 3-7A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

PHONE:            3525 0287

 

FAX:                 3525 0286

 

 

MANAGEMENT

 

Managing Director:  Mr. Devang Sevantilal Shah (Mobile: 9099 7486)

 

 

SUMMARY

 

Incorporated on:             12th June, 2006.

 

Organization:                  Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$4.00

 

Business Category:        Diamond Trader.

 

Employees:                   2.

 

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

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Head Office:-

Room 1507, 15/F., Multifield Plaza, 3-7A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Company:-

SG Trading Co., Hong Kong.  [Business ceased]

 

 

BUSINESS REGISTRATION NUMBER 

 

36842173

 

 

COMPANY FILE NUMBER

 

1051596

 

 

MANAGEMENT

 

Managing Director:  Mr. Devang Sevantilal Shah

Director & Contact Person:  Mr. Darpil Narendra Shah (Mobile: 9748 6804)

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$4.00

 

 

SHAREHOLDERS

(As per registry dated 12-06-2011)

 

Name

 

No. of shares

Devang Sevantilal SHAH

 

1

Jagruti Devang SHAH

 

1

Darpil Narendra SHAH

 

2

 

 

––

 

Total:

4

=

 

DIRECTORS

(As per registry dated 12-06-2011)

 

Name

(Nationality)

 

Address

Devang Sevantilal SHAH

Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

Jagruti Devang SHAH

Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

Darpil Narendra SHAH

Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

SECRETARY

(As per registry dated 12-06-2011)

 

Name

Address

Co. No.

Taxbase Consultants Ltd.

Room 1426, 14/F., Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.

0411324

 

 

HISTORY

 

The subject was incorporated on 12th June, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Flat 1, 9/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat 1, 13/F., Block B of the same building in June 2010, and further moved to the present address with effect from 19th July, 2010.

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:                   2.

 

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

 

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

 

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

 

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

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$4.00

 

Mortgage or Charge:-

Date of  Assignment of Receivables – General with Notice of Assignment:  16-08-2010

Amount:            To secure all monies in respect of banking facilities

Property:           In consideration of the Banking Facilities, the Customer, as beneficial owner and by way of security for the payment of the Secured Monies, hereby assigns, and agrees to assign, to the Bank the Receivables until all the Secured Monies have been paid or discharged

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

 

Profit or Loss:                Making a small profit in the past three years.

 

Condition:                       Keeping in a normal manner.

 

Facilities:                      Making rather 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:                      Normal.

 

 

GENERAL

 

Jedi Dia. Trading Ltd. is jointly owned by three Indian, namely, Mr. Devang Sevantilal Shah, holding 25% interests; Mr. Jagruti Devang Shah, also holding 25%; and Mr. Darpil Narendra Shah, holding 50%.  They are all directors of the subject.

Devang Sevantilal Shah and Jagruti Devang Shah are Hong Kong ID Card holders and have got the right to reside in Hong Kong permanently.  D. S. Shah can be reached at his mobile phone number 9099 7486.

Formerly the subject’s registered address and operating address was located at Flat 1, 13/F., Block B, Burlington House, 92-94C Nathan Road, Tsimshatsui, Kowloon, Hong Kong where seemed to be the new residence of the shareholders.  The subject moved to the present address in July 2010.

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.  Commodities are chiefly imported from India and Europe.  After processing in Hong Kong or China, finished products are exported to Japan, Taiwan, India, other Asian countries, the Middle East, etc.  Business keeps on improving.

D. S. Shah was also a partner of a partnership SG Trading Co. which was located at a different address.  However, SG Trading Co. has ceased business since 15th January, 2007.

The subject’s business is chiefly handled by D. S. Shah and J. D. Shah.

The subject is a business of the Shah family.  Contact person Mr. Darpil Narendra Shah can be reached at his mobile phone number 9748 6804.

The history of the subject in Hong Kong is over five years.

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.44.94

UK Pound

1

Rs.71.91

Euro

1

Rs.64.60

 

 

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.