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MIRA INFORM
REPORT
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Report Date : |
16.03.2011 |
IDENTIFICATION DETAILS
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Name : |
DIASQUA
(HK) |
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Registered Office : |
Room 401-402, 4/F., Guardforce Centre, |
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Country : |
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Date of Incorporation : |
20.03.2000 |
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Com. Reg. No.: |
30791742-001-03 |
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Legal Form : |
Sole Ownership |
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Line of Business : |
Importer and Exporter of all kinds of diamonds and jewellery products, gold and silver products, precious stones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
DIASQUA (HK)
company ADDRESS
Room 401-402, 4/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
PHONE: 2209 6600, 2723 0237
FAX: 2209 6620, 2739 3132
E-MAIL: facets@diasqua.com
MANAGEMENT
Manager: Mr. Nimesh Piyush Mehta
SUMMARY
Establishment: 20th March, 2000.
Organization: Sole Ownership.
Capital: Provided by Sole Owner.
Business Category: Diamond Trader.
Employees: 15.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Room 401-402, 4/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
Operated by:-
Diasqua International
Ltd.,
Sister Companies:-
Diaglobe (HK), Hong Kong.
[Established on 20-03-2000 bearing BR No. 30791742-002-03]
Diajewel (HK), Hong Kong.
[Established on 17-05-2000 bearing BR No. 30791742-003-03]
Affiliated Companies:-
Diasqua Group of
Companies
·
Billion City (H.K.) Ltd.,
·
·
·
Diaglobe Inc.,
·
Diamond Dealers HK Ltd.,
·
Diasqua (Pacific) Pty. Ltd.,
·
Diasqua (
·
Diasqua Impex Pte. Ltd.,
·
Diasqua Inc.,
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Diasqua India Pvt. Ltd.,
·
Diasqua International Ltd.,
·
Diasqua Middle
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Diasqua Nippon Co. Ltd.,
·
Diasqua
·
Pretty Jewellery International Ltd.,
etc.
Associated with:-
Prism Group of Companies
·
·
Colo Jewellery Company,
·
Prism (
·
Prism Diamond Co. Ltd.,
·
Prism International,
·
Prism Jewellery Company,
·
Prismdia Ltd.,
etc.
BUSINESS REGISTRATION NUMBER
30791742-001-03
MANAGEMENT
Manager: Mr. Nimesh Piyush Mehta
Contact Person: Mr. Lensy Leung
SOLE OWNER
Diasqua International Ltd.,
HISTORY
The subject was established on 20th March, 2000 as a sole ownership firm with Diasqua International Ltd. as the proprietor under the Hong Kong Business Registration Regulations.
It
was originally registered under the name of Diasqua (
Initially
the subject was located at Room 705-707, 7/F.,
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and jewellery products, gold and silver products, precious stones,
etc.
Employees: 15.
Materials/Commodities: Imported from
Markets:
Terms/Sales: L/C, T/T, D/P, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
·
Diamond Federation of Hong Kong, China Ltd.,
·
Hong Kong Jewelry Manufacturers’ Association,
FINANCIAL INFORMATION
Capital: Provided by Sole Owner.
Profit & Loss: Parent makes a small profit every year.
Condition: Keeping in an active state.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Diasqua (HK) is operated by Diasqua International Ltd. [Diasqua Intl] which is a Hong Kong-registered firm located at the same operating address as the subject.
Established in March 2000, the subject is a member of the Diasqua Group. It is trading in fancy diamonds, certificated diamonds, diamond studded gold jewellery, etc. The subject is a wholesaler of diamonds ranging from 0.30 to 10 carats certified by GIA and HRD, collection of perfectly matched pair. It also sells polished diamonds of all sizes, shapes, colours and clarities.
The manager of the subject is Mr. Nimesh Piyush Mehta.
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
·
JCK
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· HK Int’l Jewellery Show
·
·
·
January
·
Incorporated on 20th March, 2000, Diasqua Intl is wholly-owned by the Mehta family. Having issued 65 million ordinary shares (increased from 55 million on 15th April, 2010) of HK$1.00 each, Diasqua Intl is jointly owned by Mr. Nimesh Piyush Mehta, holding 45 million shares which account for 69.2%; and Mr. Romy Piyush Mehta, holding 20 million shares, account for 30.8%.
Diasqua
Intl has a wide network of international offices situated in
· Diaglobe (HK)
· Diajewel (HK)
· Diasqua (HK) – the subject
The associated companies of Diasqua Intl are Pretty Jewellery Int’l Ltd. and Diafuego. The former is engaged in manufacturing diamond studded gold jewellery while the latter, operated by Billion City (H.K.) Ltd., is engaged in manufacturing diamond studded gold figurines, diamond watches and diamond accessories. Both firms are also located at the operating address of the subject.
The Diasqua Group is a dedicated member of the diamond, gems and jewellery industry with strong roots dating back to three generations. Today its core business involves in sourcing, distributing and marketing of an extensive range of polished diamonds.
For more than seventy years, the Group’s skills and reputation have passed from generation to generation each driven by a passion for diamonds and zeal for enterprise. Over the years, the Group has developed a strong liaison with its customers, suppliers and business associates.
With
humble beginnings in
In
1996 and 1999 respectively, the Group set up a branch company in
In
2000, the Group set up its first venture in the Southern Hemisphere-Diasqua
(Pacific) Pty. Ltd. in
The
global networks of the Diasqua Group are set up in
The subject is fully supported by the Diasqua Group which has a very significant annual sales turnover. The Group has had numerous customers coming from more than fifty countries of the world.
The
history of the subject in
On the whole, consider it good for normal business engagements.
COURT CASES: None per our.
Company name
DIASQUA INTERNATIONAL
LTD.
[Trading as: DIASQUA (HK), DIAGLOBE (HK) and DIAJEWEL (HK)]
company ADDRESS
Room
401-402, 4/F., Guardforce Centre,
BUSINESS REGISTRATION NUMBER
30791742
COMPANY FILE NUMBER
0709126
DATE OF INCORPORATION
20th March, 2000.
CAPITAL
Nominal Share Capital: HK$65,000,000.00 (Divided into 65,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$65,000,000.00
SHAREHOLDERS
(As per registry dated 15-04-2010)
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Name |
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No. of shares |
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Nimesh Piyush MEHTA |
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45,000,000 |
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Romy Piyush MEHTA |
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20,000,000 |
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––––––––– |
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Total: |
65,000,000 ======== |
DIRECTORS
(As per registry dated 20-03-2010)
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Name (Nationality) |
Address |
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Nimesh Piyush MEHTA |
Flat B2, 20/F., |
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Romy Piyush MEHTA |
Flat B2, 20/F., |
SECRETARY
(As per registry dated 20-03-2010)
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Name |
Address |
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First Island Secretaries Ltd. |
Room 905, 9/F., Silvercord, Tower 2, |
0049295 |
INDEBTEDNESS
HK$257,349,184.30
(Total amount outstanding on all mortgages and charges as per last Annual Return dated 20-03-2010)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
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|
1 |
Rs.72.95 |
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Euro |
1 |
Rs.63.08 |
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.