MIRA
INFORM REPORT
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Report Date : |
05.03.2011 |
IDENTIFICATION DETAILS
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Name : |
MALAKSHMI IMPEX |
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Registered Office : |
C/o Orient Corporation, Room 1401, 14/F., Kai Seng Commercial Centre, |
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Country : |
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Date of Incorporation : |
06.04.2008 |
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Com. Reg. No.: |
39123813-000-04 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of all kinds of
precious and semi-precious stones. |
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 : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
MALAKSHMI IMPEX
ADDRESS
c/o Orient Corporation,
Room 1401, 14/F., Kai Seng Commercial Centre,
(Your enquiry given as:
MAHALAKSHMI IMPEX or MALAKSMI IMPEX
of the same address. )
PHONE: Not available
FAX: Not available
MANAGEMENT
Manager: Ms. Shivani
Chhaparwal (Mobile: 9164 9174)
SUMMARY
Establishment: 6th
April, 2008.
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Precious Stone Trader.
Employees:
2. (Including affiliate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
c/o Orient Corporation,
Room 1401, 14/F., Kai Seng Commercial Centre,
Affiliated Company:-
Orient Corporation,
BUSINESS REGISTRATION NUMBER
39123813-000-04
MANAGEMENT
Manager: Ms. Shivani Chhaparwal
SOLE PROPRIETOR
Name: Ms. Shivani CHHAPARWAL
Residential Address: Flat J,
5/F.,
HISTORY
The subject was established on 6th April, 2008 as a sole proprietorship
concern owned by Ms. Shivani Chhaparwal under the Hong Kong Business
Registration Regulations.
Initially the subject was located at Room 1102, 11/F., Hiranand House, 1‑3 Mody
Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in
September 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer
and Exporter.
Lines: All
kinds of precious and semi-precious stones.
Employees: 2. (Including affiliate)
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: Kept a balance account in 2010.
Condition:
Business is
improving.
Facilities: Trying to make use of general banking
facilities.
Payment:
Met trade
commitments on time.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
Small.
GENERAL
Malakshmi Impex is a sole proprietorship set up and owned by Ms. Shivani
Chhaparwal who is an Indian businesswoman.
Being the manager of the subject, she has been in
Business commenced in early April 2008, the subject is trading in all
kinds of precious and semi-precious stones such as diamonds, ruby, sapphire,
etc. Raw materials are imported from
Europe and
S. Chhaparwal can be reached at her mobile phone number 9164 9174. Business is improving. It seems that she has got a number suppliers
in
The subject shares the same operating office with Orient Corporation,
Hong Kong Office [Orient]. Orient
is operated by Mr. Anupam Chhaparwal who is a family member of S. Chhaparwal. Orient is trading in metals, alloys, iron and
steel, ferrous metals, steel making raw materials, etc. Orient is an associated company of the
following firms:-
Shriram Alloys,
Shriram Global Minalloys Ltd.,
Shriram Steels,
The business of Orient is handled by Mr. Vikas Maheshwari who is an
Indian.
The subject’s business is chiefly handled by S. Chhaparwal herself.
On the whole, since the history of the subject is less than three years,
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.44.99 |
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1 |
Rs.73.24 |
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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.