MIRA INFORM REPORT

 

 

Report Date :           

17.03.2011

 

IDENTIFICATION DETAILS

 

Name :

AESH  DIAM.

 

 

Registered Office :

House 35, The Beverly Hills, Boulevard de Cascade, 23 Sam Mun Tsai Road, Tai Po, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

05.02.2002

 

 

Com. Reg. No.:

32364800-000-02

 

 

Legal Form :

Sole Proprietorship

 

 

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 :

Regular

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

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

AESH  DIAM.

 

 

Company ADDRESS

 

House 35, The Beverly Hills, Boulevard de Cascade, 23 Sam Mun Tsai Road, Tai Po, New Territories, Hong Kong.

PHONE:            Not available

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Ms. Kaushal Dilip Shah

 

 

SUMMARY

 

Establishment:                          5th February, 2002.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Head Office:-

House 35, The Beverly Hills, Boulevard de Cascade, 23 Sam Mun Tsai Road, Tai Po, New Territories, Hong Kong.

 

Affiliated Companies:-

·         Day Shine Ltd., Hong Kong.

·         Decent Dia & Jew LLC, UAE.

·         Decent Dia-Jewels Pvt. Ltd., India.

·         Decents Spain S.L., Spain.

·         Diaccents Exports (Shanghai) Ltd., China.

·         Diaccents Exports, Hong Kong.

·         Diaccents, Taiwan.

·         Diamond Link, India.

·         Nation Apex, China.

·         RI-Decent Diam, South Africa.

 

 

BUSINESS REGISTRATION NUMBER 

 

32364800-000-02

 

 

MANAGEMENT

 

Manager:  Ms. Kaushal Dilip Shah

 

 

SOLE PROPRIETOR

 

Name:                           Ms. Kaushal Dilip SHAH

Residential Address:      Block B-1, 13/F., Burlington House, 92-94 Nathan Road, Tsimshatsui, Kowloon, Hong

Kong.

 

 

HISTORY

 

The subject was established on 5th February, 2002 as a sole proprietorship concern owned by Ms. Kaushal Dilip Shah under the Hong Kong Business Registration Regulations.

Initially the subject was located at Block B-1, 13/F., Burlington House, 92‑94 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in July 2008.

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:                   Nil.

 

Commodities Imported:   India, other Asian countries, etc.

 

Markets:                       Southeast Asia, Europe, Middle East, etc.

 

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

 

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

 

 

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 on time.

 

Commercial Morality:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Aesh Diam. is a sole proprietorship set up and owned by Ms. Kaushal Dilip Shah in February 2002.  Ms. K. D. Shah is an Indian businesswoman.

The subject is a diamond trader.

Located at the subject’s old address “Block B-1, 13/F., Burlington House, 92‑94 Nathan Road, Tsimshatsui, Kowloon, Hong Kong” was the operating office of another firm also bearing the name of “Aesh Diam.” [Old Aesh Diam.].  Established on 21st July, 2001 as a sole proprietorship owned by Mr. Anish Rajendrakumar Shah under the Business Registration Number 31939721-000-07, Old Aesh Diam. has ceased business since 30th October, 2001.

The subject bears a new Business Registration Number 32364800-000-02.

Ms. Shah is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  She seems to be a family member of Mr. Anish Rajendrakumar Shah who was the owner of Old Aesh Diam.

The subject is a diamond importer, exporter and wholesaler.  It is trading in all kinds of loose diamonds.

The subject’s registered address is located at “House 35, The Beverly Hills, Boulevard de Cascade, 23 Sam Mun Tsai Road, Tai Po, New Territories, Hong Kong”.  This office is not in a commercial building but a residential building.  It is likely that Ms. Shah has moved to this new address but does not make any amendments on the subject’s registration materials.  It seems that the subject’s operating address is also Ms. Shah’s new residential address.  The residence is in a luxury building.  The residential building is not trespassed by outsiders.

The subject imports commodities from India and Europe.  Prime markets are Hong Kong, Japan and the other Asian countries.

The subject has got an affiliated company Day Shine Ltd. [Day Shine] in Hong Kong.  Day Shine is also owned by the Shah family.

Day Shine is equally owned by Ms. K. D. Shah and Mr. Dilip Ramniklal Shah.  Day Shine has just issued 2 ordinary shares of HK$1.00 each while each of the shareholders holds a single share.

The subject and Day Shine are diamond traders.  Located at a different address, Day Shine has had an affiliated company Diaccents Exports located at its operating office.

Your given phone number 852-2314 4114 belongs to Day Shine.

The business of the subject is chiefly handled by Ms. Shah herself.  Business is fairly active in Hong Kong.

As the history of the subject in Hong Kong is over nine 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.45.18

UK Pound

1

Rs.72.59

Euro

1

Rs.63.13

 

 

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

 

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.