MIRA INFORM
REPORT
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Report Date : |
30.03.2011 |
IDENTIFICATION DETAILS
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Name : |
RAJAB GEM CORPORATION |
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Registered Office : |
Flat F, 13/F., |
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Country : |
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Date of Incorporation : |
16.08.1973 |
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Com. Reg. No.: |
03937206-000-08 |
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Legal Form : |
Partnership Concern |
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Line of Business : |
Importer, Exporter and Wholesaler of Precious Stones, Gems, 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
RAJAB GEM CORPORATION
Company ADDRESS
Flat F, 13/F.,
Tsimshatsui,
PHONE: 2366 8552, 3119 7291
FAX: 2366 5744
E-MAIL: rajab@netvigator.com
MANAGEMENT
Manager: Mr. Seyed Ahamed Seyed Mohamed Salihu
SUMMARY
Establishment : 16th August, 1973.
Organization : Partnership.
Capital : Not disclosed.
Business Category :Precious Stone Trader.
Employees : 2. (Including affiliates)
Main Dealing Banker :The
Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation : Satisfactory.
Company ADDRESS
Head Office:-
Flat F, 13/F.,
Tsimshatsui,
Affiliated Companies:-
My Creations, Hong
Kong. (Same address)
Rajab Traders,
Hong Kong. (Same address)
Su-Raj Inter Gold
(HK),
Su-Raj Inter Gold DMCC, UAE.
Su-Raj Inter Gold Inc., USA.
Su-Raj Inter Gold
Pvt. Ltd.,
BUSINESS REGISTRATION NUMBER
03937206-000-08
MANAGEMENT
Manager: Mr. Seyed Ahamed Seyed Mohamed Salihu
PARTNERS
Name : Mr. Seyed Ahamed Seyed Mohamed Salihu
Residential Address :7/F.,
Name : Mr. Seyed Mohamed Salihu Seyed Ahamed
Residential Address :Flat
F, 13/F.,
Name : Mr. Mohamed Noohu Seyed Mohamed Salihu
Residential
Address :Flat F, 13/F.,
HISTORY
The
subject was established on 16th August, 1973 as a sole proprietorship concern
owned by Mr. Seyed Ahamed Seyed Mohamed Salihu under the Hong Kong Business
Registration Regulations.
The
following table shows the changes of the partners:-
|
Name |
Incoming Date |
Outgoing Date |
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Seyed Ahamed
Seyed Mohamed Salihu |
16-08-1973 |
- |
|
S. M. Mohamed
Ali |
15-08-1975 |
15-08-1975 |
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Saltari Abdul Cadas Ilyas Nowfer |
01-10-1980 |
30-09-1984 |
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Sahul Hameed
Mohamed Yusuf |
01-04-1985 |
30-11-1997 |
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Mohamed Noohu
Seyed Mohamed Salihu |
09-08-1995 |
01-06-2006 |
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Mohamed Ali
Bakar Sahib |
01-12-1999 |
30-11-2002 |
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Ahamed Segu
Jalaldeen |
01-12-2002 |
29-02-2004 |
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Seyed Mohamed Salihu
Seyed Ahamed |
01-06-2006 |
- |
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Mohamed Noohu
Seyed Mohamed Salihu |
01-06-2006 |
- |
At
the very beginning, the subject was located at 9/F., Wang Kee Building, 34-36 Connaught
Road Central, Hong Kong, moved to 7/F., Howard Building, 42-44 Hankow Road,
Tsimshatsui, Kowloon, Hong Kong in June 1979; to Room 908, 9/F., Star
Mansion, 3 Minden Row, Tsimshatsui, Kowloon, Hong Kong in October 1996; to
Flat D2, 12/F, Block D, Tsim Sha Tsui Mansion, 83-97 Nathan Road, Tsimshatsui,
Kowloon, Hong Kong in June 2002; and further moved to the present address in
August 2005.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities :Importer, Exporter and Wholesaler.
Lines :Precious stones, gems, etc.
Employees :2. (Including affiliates)
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 :Making a small profit every year.
Condition : Keeping in a satisfactory manner.
Facilities : Making active use of general banking facilities.
Payment : Met trade commitments as required.
Commercial Morality : Satisfactory.
Banker :
The Hongkong & Shanghai Banking Corp. Ltd.,
Standing :
GENERAL
Rajab
Gem Corporation is a partnership jointly owned by three Indian, namely, Mr.
Seyed Ahamed Seyed Mohamed Salihu, Mr. Seyed Mohamed Salihu Seyed Ahamed and
Mr. Mohamed Noohu Seyed Mohamed Salihu.
Business
commenced in August 1973, the subject is trading in loose diamonds, emerald,
precious stones, ruby jade, gem sets, semi-precious stones, blue or coloured
sapphire, Tanzanite, imitation, 18K gold metal jewellery, etc. Main products are bracelets, brooches,
earrings, necklaces, rings, pendants, etc.
Products are exported to worldwide countries.
The
subject is one of the old precious stone traders in
Some
of the commodities are imported from
The
followings are the subject’s trading terms:-
·
Sample — Samples would be charged first and the fee
of the samples will be refunded to customers if they place us an order with a
certain quantity of products
·
Minimum Order — The minimum quantity per design
should be 10 dozens or more and shipment value not below US$3,000.00.
·
Delivery Time — All the orders can be delivered
within 3 to 4 weeks after the order is confirmed
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Payment Terms — 50% in advance and the balance
should pay once the product will ready to ship
·
Delivery Term — FOB
The
subject has had affiliated companies Su-Raj Inter Gold (HK), My Creations and
Rajab Traders located at its operating office.
Rajab
Traders is a gemstone and imitation jewellery supplier in
Su-Raj
Inter Gold (HK) is trading in 18K gold jewellery with studded diamond. It is a member of Hong Kong Jewellery &
Jade Manufacturers Association,
Established
on 16th December, 2005, My Creations is a partnership jointly owned by three
Indian, namely, Mr. Rakesh Kanakraj Kothari, Mr. Rajeev Bharat Mehta and Mr.
Prakesh Madhusudhan Doshi.
My
Creations and the subject are engaged in the same lines of business, more or
less.
The
subject’s business is chiefly handled by the three partners. Overall business is active. Regular suppliers and customers have been
maintained.
On
the whole, since the history of the subject in
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.44.67 |
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1 |
Rs.71.63 |
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Euro |
1 |
Rs.63.09 |
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 Company |
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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.