MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
BKK GEMS |
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Registered Office : |
Flat C, 12/F., Po |
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Country : |
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Date of Incorporation : |
15.08.2009 |
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Com. Reg. No.: |
51043344-000-08 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of
gemstones, diamonds, 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 : |
Small Company |
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Payment Behaviour : |
Regular |
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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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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
BKK GEMS
company ADDRESS
Flat C, 12/F., Po
PHONE: 5197
5600
MANAGEMENT
Manager: Mr. Niraj Pravin
Bhai Shah
SUMMARY
Establishment: 15th
August, 2009.
Organization: Sole
Proprietorship.
Capital: Not
disclosed.
Business Category: Gem Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head
Office:-
Flat C, 12/F., Po
P.O. Box 74029, Kowloon Central Post Office, Kowloon, Hong
Kong.
BUSINESS REGISTRATION NUMBER
51043344-000-08
MANAGEMENT
Manager: Mr. Niraj
Pravin Bhai Shah
SOLE PROPRIETOR
Name: Niraj Pravin Bhai SHAH
Residential Address: B1208,
Trishca Apartment, Devchand Nagar, 60 Feet Road, Bhayandar (W)-401101, India.
HISTORY
The subject was established on 15th August, 2009 as a sole
proprietorship concern owned by Mr. Niraj Pravin Bhai Shah 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 gemstones, diamonds, etc.
Employees: Nil.
Commodities Imported: India, etc.
Markets: Hong Kong, other Asian countries, etc.
Terms/Sales: L/C
or as per contracted.
Terms/Buying: L/C,
T/T, etc.
FINANCIAL INFORMATION
Capital : Not disclosed.
Profit or Loss: Posted small loss in 2010.
Condition: Business is under
development.
Facilities: Trying to make use of
general banking facilities.
Payment: Met
trade commitments as required.
Commercial Morality: Fairly
satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
BKK Gems is a sole proprietorship set up and owned by Mr.
Niraj Pravin Bhai Shah who is an Indian.
He is an India passport holder and does not have the right to reside in
Hong Kong permanently.
The subject’s registered address is located at Flat C,
12/F., Po Lok Mansion, 150-164 Woosung Street, Kowloon, Hong Kong. This office is not in a commercial building
but a residential building. It is likely
that this is also Shah’s residence when he is in Hong Kong.
It should be noted that the second to third floors of the
building is known as “Bowring Commercial Centre”. The fourth floor and above are residential
units and the subject is located at the residential part of the building.
The subject has no employees in Hong Kong.
The subject is a diamond and gemstone importer, exporter and
wholesaler. It is also a commission
agent. Its commodities are chiefly
imported from India and other Asian countries.
After processing in Hong Kong or China, finished products are marketed
in Hong Kong and exported to the other Asian countries. Business is still under development.
Business handled by Shah himself, the subject is a one-man
company.
Since the history of the subject is just over one and a half
years in Hong Kong, consider it good for normal credit requirements on
secured terms.
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.44.99 |
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1 |
Rs.73.23 |
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Euro |
1 |
Rs.62.80 |
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.