MIRA INFORM
REPORT
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Report Date : |
03.05.2011 |
IDENTIFICATION DETAILS
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Name : |
NOBLE
GEMS |
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Registered Office : |
Flat B3, 16/F., Block B, Hankow Centre, 4A Ashley Road & 1C Middle Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.11.1989 |
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Com. Reg. No.: |
13206417-000-11 |
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Legal Form : |
Partnership Concern |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of gems and diamonds. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Hong Kong |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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
NOBLE GEMS
Company ADDRESS
Flat B3, 16/F., Block B, Hankow Centre, 4A Ashley Road & 1C Middle Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2721 1080
FAX: 2369 9712
MANAGEMENT
Manager: Mr. Zaheer Ahmed Ansari
SUMMARY
Establishment: 27th November, 1989.
Organization: Partnership.
Capital: Not disclosed.
Business Category: Gem and Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Flat B3, 16/F., Block B, Hankow Centre, 4A Ashley Road & 1C Middle Road, Tsimshatsui, Kowloon, Hong Kong.
P.O. Box 92367, Kowloon, Hong Kong.
Associated Companies:-
Noor Gem Co. Ltd., Thailand.
Noor Gem, India.
Noor Gems Int’l Inc., USA.
Noor Gems Japan Ltd., Japan.
Noor Gems, Nepal.
Onsaz Jewellery, India.
Sunjyot Gems, India.
BUSINESS REGISTRATION NUMBER
13206417-000-11
MANAGEMENT
Manager: Mr. Zaheer Ahmed Ansari
PARTNERS
Name: Mr. Zaheer Ahmed ANSARI
Residential Address: Flat
E3, 9/F., Chung King Mansions, 36-44 Nathan Road, Tsimshatsui, Kowloon, Hong
Kong.
Name: Mr. Ahmed NAZEER
Residential Address: Flat
E, 19/F., Star Mansions, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.
Name: Mr. Shareef MOHAMMAD
Residential Address: 5222
Ghat Gate, Chandi Ka, Taziya Prabhu, Pan Wala Jaipur, Rajasthan, India.
HISTORY
The subject was established on 27th November, 1989 as a sole proprietorship concern owned by Mr. Zaheer Ahmed Ansari under the Hong Kong Business Registration Regulations. It became a partnership as Mr. Ahmed Nazeer and Mr. Shareef Mohammad joined in as partners on 15th January, 1998 and 31st October, 2008 respectively.
At the very beginning, the subject was located at Flat E3, 9/F., Chung King Mansions, 36-44 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat E, 19/F., Star Mansions, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong in February 1996; to Flat 7, 19/F. of the same building in November 2002; to Flat 1, 19/F. of the same building in November 2007; to Room 05, 8/F., Block C1, Phase 1, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong in April 2009; and further to the present address in January 2011.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of gems and diamonds.
Employees: Nil.
Commodities Imported: India, other Asian countries, Europe, etc.
Markets: Japan, India, other Asian countries, 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 small profit every year.
Condition: Business has been normal.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Noble Gems is a partnership jointly owned by Mr. Zaheer Ahmed Ansari, Mr. Ahmed Nazeer and Mr. Shareef Mohammad. Zaheer Ahmed Ansari is a Nepal passport holder. It is believed that he and Nazeer have got the right to reside in Hong Kong permanently now. The third is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject commenced business in November 1989. It moved to the present address in January 2011 which is the latest one. Its old address located at Flat E, 19/F., Star Mansions, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong has become the residential address of Ahmed Nazeer.
It should be noted that the present operating address is located at a residential building known as Hankow Centre.
The subject is a diamond importer, exporter and wholesaler. It is trading in loose diamonds.
The subject is also trading in emerald, ruby, sapphire, aquamarine, taurmaline amythist blue topaz, and other coloured stones. Commodities are chiefly imported from India, other Asian countries, Europe, etc. After processing in Hong Kong or in China, finished products are marketed in Hong Kong, exported to Japan, India, other Asian countries, Europe, the Middle East, etc. Business is normal.
The subject in fact is a member of the Noor Gems Group. This Group has been trading in coloured gemstones for four generations. Now it has set up associated companies in Japan, the United States, Bangkok of Thailand, Nepal, and in India.
The subject’s business is chiefly handled by Ansari and Nazeer themselves.
As the history of the subject in Hong Kong is over twenty-one years, on the whole, consider it good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
|
1 |
Rs.73.89 |
|
Euro |
1 |
Rs.65.57 |
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 |
|
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 |
|
<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.