MIRA INFORM
REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Name : |
DOSHI
IMPEX LTD |
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Registered Office : |
Room 905, 9/F., Peninsula Square, 18 Sung On Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.08.2004 |
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Com. Reg. No.: |
34820597 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of polished diamonds |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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
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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
DOSHI
IMPEX LTD.
company ADDRESS
Room 905, 9/F., Peninsula Square, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2739 2188 (4 lines)
FAX: 2739 2345, 2333 2431
E-MAIL: naynak@biznetvigator.com
MANAGEMENT
Managing Director: Mr. Kiritkumar Vinodrai Doshi
SUMMARY
Incorporated on: 11th August, 2004.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000,000.00
Issued: HK$6,000,000.00
Business Category: Diamond Trader.
Annual Turnover: HK$25~30 million (Including associates)
Employees: 4. (Including associates)
Main Dealing Banker: The Royal Bank of Scotland N.V., Hong Kong Branch.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Room 905, 9/F., Peninsula Square, 18 Sung On Street, Hunghom, Kowloon, Hong Kong.
Associated Companies:-
(Same address)
Doshi Diam, Hong Kong.
Doshi Impex, Hong Kong.
BUSINESS REGISTRATION NUMBER
34820597
COMPANY FILE NUMBER
0916441
MANAGEMENT
Managing Director: Mr. Kiritkumar Vinodrai Doshi
Contact Person: Mr. Kalpesh Malkan
CAPITAL
Nominal Share Capital: HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
SHAREHOLDERS
(As per registry dated 11-08-2010)
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Name |
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No. of shares |
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Kiritkumar Vinodrai DOSHI |
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3,000,000 |
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Nayna Kirit DOSHI |
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3,000,000 |
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–––––––– |
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Total: |
6,000,000 ======= |
DIRECTORS
(As per registry dated 01-09-2010)
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Name (Nationality) |
Address |
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Kiritkumar Vinodrai DOSHI |
Flat A-B, 21/F., Parc Palais, 18 Wylie Road, Homantin, Kowloon, Hong Kong. |
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Nayna Kirit DOSHI |
Flat A-B, 21/F., Parc Palais, 18 Wylie Road, Homantin, Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 11-08-2010)
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Name |
Address |
Co.
No. |
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Harris Secretaries Ltd. |
7/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong. |
0031138 |
HISTORY
The subject was incorporated on 11th August, 2004 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 polished diamonds.
Employees: 4. (Including associates)
Commodities Imported: India, other Asian countries, etc.
Markets: Asian countries, Middle East, Europe, US, etc.
Annual Turnover: HK$25~30 million (Including associates)
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
Mortgage or Charge: (See attachment)
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory condition.
Facilities: Making rather active use of general banking facilities.
Payment: Met obligations as contracted.
Commercial Morality: Satisfactory.
Banker: The Royal Bank of Scotland N.V., Hong Kong Branch.
Standing: Small.
GENERAL
Having issued 6 million ordinary shares of HK$1.00 each, Doshi Impex Ltd. is equally owned by Kiritkumar Vinodrai Doshi and Nayna Kirit Doshi, both of whom are Indian. They are also directors of the subject. Being Hong Kong ID Card holders, they have got the right to reside in Hong Kong permanently. The subject’s style was named after the Indian family.
The subject is a diamond importer, exporter and wholesaler. It is trading in loose diamonds, single cut diamonds, tapper cut diamonds, full cut diamonds, etc. Most of its commodities are imported from India. Prime markets are Hong Kong, other Asian countries and the United States. Business keeps on improving.
According to the subject, it has been ranked as one of the top ten diamond companies in India.
Currently, the subject owns premises in Hong Kong.
The subject has got two associated companies located at its operating office, namely, Doshi Impex and Doshi Diam. These two firms are also diamond traders. Doshi Diam was established on 30th January, 2001 as a partnership which is jointly owned by jointly owned by Mr. Nayna Kirit Doshi, Mr. Kiritkumar Vinodrai Doshi and Mr. Mahesh Kaushik Shah.
Doshi Diam has had an associated company also known as Doshi Diam in India [India Doshi Diam]. India Doshi Diam was set up by two brothers, Mr. Bipin Doshi and Mr. Kirit Doshi in 1985. Since then, the business of India Doshi Diam has been growing.
Besides India Doshi Diam, the subject’s other associated companies in India are Rusabh Diamonds in Mumbai and Rusabh Diamonds in Surat, India.
The annual sales turnover of the subject and its affiliates ranges from HK$25 to 30 million. Making a small profit every year.
The contact person of the subject Mr. Kalpesh Malkan who is also an Indian.
The history of the subject in Hong Kong is over six years and nine months.
On the whole, consider it good for normal business engagements.
REMARKS:
Court Cases: None per our.
Property information of the company:-
Property Location: Flat A on 2/F. of Block 5, Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong.
Owner: Doshi Impex Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
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Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
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10-04-2008 |
- |
ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland N.V.] |
Mortgage to secure general banking facilities granted to Doshi Impex Ltd. |
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10-04-2008 |
- |
- ditto - |
Mortgage to secure general banking facilities granted to Nayna Kirit Doshi, Kiritkumar Vinodrai Doshi and Mahesh Kaushik Shah trading as Doshi Diam |
MORTGAGE OR CHARGE
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Date |
Particulars |
Amount |
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11-05-2005 |
Instrument: Debenture Property: All the Company’s undertaking and property and assets whatsoever and wheresoever both present and future including all book and other debts revenues and claims both present and future due or owing or which may become due or owing to the Company, all its uncalled capital, goodwill and all patents, patent applications, trade marks, trade names, registered designs and copyrights and all licences and ancillary and connected rights relating to the intangible property both present and future of the Company Mortgagee: ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland N.V.] |
General banking facilities granted to Doshi Impex Ltd., Nayna Kirit Doshi, Kiritkumar Vinodrai Doshi and Mahesh Kaushik Shah trading as Doshi Diam |
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10-04-2008 |
Instrument: Mortgage Property: 174/380,954th parts or shares of and in Kowloon Inland Lot No. 11084 (Flat A on 2/F. of Block 5 of Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland N.V.] |
General banking facilities granted to Doshi Impex Ltd. |
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10-04-2008 |
Instrument: Mortgage Property: 174/380,954th parts or shares of and in Kowloon Inland Lot No. 11084 (Flat A on 2/F. of Block 5 of Royal Peninsula, 8 Hung Lai Road, Kowloon, Hong Kong.) Mortgagee: ABN AMRO Bank N.V., Hong Kong Branch. [Now known as The Royal Bank of Scotland N.V.] |
General banking facilities granted to Nayna Kirit Doshi, Kiritkumar Vinodrai Doshi and Mahesh Kaushik Shah trading as Doshi Diam |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.79 |
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UK Pound |
1 |
Rs.73.19 |
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Euro |
1 |
Rs.63.59 |
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.