MIRA INFORM
REPORT
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Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
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Name : |
N
R INTERNATIONAL |
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Registered Office : |
Flat C, 6/F., |
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Country : |
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Date of Incorporation : |
25.06.2010 |
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Com. Reg. No.: |
52498322-000-06 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, etc |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New 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
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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
N R INTERNATIONAL
Company ADDRESS
Flat C, 6/F.,
PHONE: Not available
FAX: Not available
MANAGEMENT
Manager: Mr. Nilesh Kantilal Doshi
SUMMARY
Establishment: 25th June, 2010.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Too early to comment.
company ADDRESS
Head Office:-
Flat C, 6/F.,
Affiliated Company:-
Parfect Trading
BUSINESS REGISTRATION NUMBER
52498322-000-06
MANAGEMENT
Manager: Mr. Nilesh Kantilal Doshi
SOLE PROPRIETOR
Name: Mr. Nilesh Kantilal DOSHI
Residential Address: A/2,
HISTORY
The subject was established on 25th June, 2010 as a sole proprietorship concern owned by Mr. Nilesh Kantilal Doshi under the Hong Kong Business Registration Regulations.
Originally, the subject was located at Flat I, 11/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in early December 2010.
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:
Markets:
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
N
R International is a sole proprietorship set up and owned by Mr. Nilesh
Kantilal Doshi who is an Indian. He is
an
The subject has had an affiliated company Parfect Trading Co. located at the same operating which is also owned by Doshi.
The
subject commenced business in June 2010.
Its registered address was located at Flat I, 11/F.,
It
is likely that this office is also the new residence of the sole proprietor
when he is in
The residential building is not trespassed by outsiders.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.
The
subject has no employees in
The subject is a diamond importer, exporter and wholesaler. It is trading in the following commodities:
Single-Cut Diamond, Fullcut Loose Diamond,
Carat Size Diamonds, Blue Sapphire, etc.
Most
of the commodities are imported from
Business handled by Doshi himself, the subject is just a one-man company.
Parfect Trading Co. is also engaged in the same lines of business.
Since
the history of the subject is just about six months 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.44.78 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.65.27 |
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.