MIRA
INFORM REPORT
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Report Date : |
12.05.2011 |
IDENTIFICATION DETAILS
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Name : |
S. R. DIAMONDS LTD. |
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Registered Office : |
Flat C, 7/F., |
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Country : |
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Date of Incorporation : |
20.12.2010 |
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Com. Reg. No.: |
53496876 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, 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 : |
Unknown |
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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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Hong Kong |
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
S. R.
DIAMONDS LTD.
company ADDRESS
Flat C, 7/F.,
PHONE: 6344 4905
Note: Located at your given address
is the captioned firm. Your given
enquiry S. R. Diamonds is located at a different address.
MANAGEMENT
Managing Director: Mr. Sanjay
Motilal Shah
SUMMARY
Incorporated on: 20th
December, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employee:
1. (Including affiliate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Too early to
comment.
company ADDRESS
Registered Head
Office:-
Flat C, 7/F.,
Affiliated
Company:-
S. R. Diamonds
Room 802, 8/F., Supreme House,
BUSINESS REGISTRATION NUMBER
53496876
COMPANY FILE NUMBER
1542670
MANAGEMENT
Managing Director: Mr. Sanjay
Motilal Shah
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDER
(As per registry dated 20-12-2010)
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Name |
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No. of shares |
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Sanjay Motilal SHAH |
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10,000 ===== |
DIRECTORS
(As per registry dated 20-12-2010)
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Name (Nationality) |
Address |
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Sanjay Motilal SHAH |
Flat B, 8/F., |
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Sejal Sanjay SHAH [Reserve director] |
Flat B, 8/F., |
SECRETARY
(As per registry dated 20-12-2010)
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Name |
Address |
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Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, |
0113023 |
HISTORY
The subject was incorporated on 20th December, 2010 as a private limited
liability company under the Hong Kong Companies Ordinance.
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, emerald, precious stones, etc.
Employee: 1.
(Including affiliate)
Commodities Imported:
Markets:
Terms/Sales:
L/C.
Terms/Buying: Prepayment
or L/C.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Too early to
comment.
Condition: Business is under development.
Facilities: Trying to make use of general banking
facilities.
Payment:
Unknown.
Commercial Morality: Too early to comment.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
Small.
GENERAL
Having issued 10,000
ordinary shares of HK$1.00 each, S. R. Diamonds Ltd. is wholly-owned by Mr.
Sanjay Motilal Shah who is an Indian.
Shah is a Hong Kong ID Card holder and has got the right to reside in
Incorporated on 20th
December, 2010, the subject is a diamond trader. The operating address of the subject is
located at Flat C, 7/F., South Sea Apartment, 81 Chatham Road, Tsimshatsui,
Kowloon, Hong Kong which is in a residential building.
Besides operating the
subject, Shah is also operating another Hong Kong registered firm S. R.
Diamonds which is located at Room 802, 8/F., Supreme House, 2-A Hart Avenue,
Tsimshatsui, Kowloon, Hong Kong.
However, this is just the registered address of S. R. Diamonds.
S. R. Diamonds is a sole
proprietorship set up in December 2005 and owned by Shah. Currently, S. R. Diamonds has rented the
office from another diamond trading firm known as Hesperus Jewellery Co. Ltd.
[Hesperus]. Hesperus is owned by a
Hongkongnese. It is an affiliated company
of Noble Jewelry Holdings Ltd. which is a listed firm in
It is therefore, the real
operating address of S. R. Diamonds is either located at the subject’s
operating address or Shah’s
S. R. Diamonds is a diamond
importer, exporter and wholesaler. It is
trading in loose diamonds, emerald, precious stones, ruby jade, gem stones,
semi-precious stones, etc. Rough
diamonds are imported from
The subject is engaged in
the same lines of business as S. R. Diamonds.
The businesses of both firms are chiefly handled by Shah himself. Shah may have a single employee in
Since the history of the
subject in Hong Kong is just over ten days, on the whole, consider it good for
normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.69 |
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1 |
Rs.73.12 |
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Euro |
1 |
Rs.64.39 |
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 |
-- |
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.