MIRA INFORM
REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
NASAA
GEM AND JEWELLERY
COMPANY |
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Registered Office : |
Flat D, 9/F., |
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Country : |
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Date of Incorporation : |
14.09.2006 |
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Com. Reg. No.: |
37151931-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer and Exporter of all kinds of diamonds and gem stones |
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 : |
Moderate |
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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) |
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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
NASAA GEM AND
JEWELLERY COMPANY
Company ADDRESS
Flat D, 9/F.,
PHONE: 2301 3888, 2301 2680
FAX: 2312 7888
E-MAIL: aakash@ctimail3.com
MANAGEMENT
Manager: Mr. Sagar Mukesh Modi
SUMMARY
Establishment: 14th September, 2006.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond and Gem Trader.
Employees: Nil.
Main Dealing Banker: Hang Seng Bank Ltd.,
Banking Relation: Fair.
Company ADDRESS
Head Office:-
Flat D, 9/F.,
Affiliated Company:-
N. R. Gem Exports, Hong Kong. (Same address)
Associated Company:-
N Kirtikumar & Company,
BUSINESS REGISTRATION NUMBER
37151931-000-09
MANAGEMENT
Manager: Mr. Sagar Mukesh Modi
SOLE PROPRIETOR
Name: Mr. Sagar Mukesh MODI
Residential Address: Flat
D, 9/F.,
HISTORY
The subject was established on 14th September, 2006 as a sole proprietorship concern owned by Ms. Nimisha Mukesh Modi under the Hong Kong Business Registration Regulations. On 26th May, 2008, Mr. Sagar Mukesh Modi joined in and replaced Ms. Nimisha Mukesh Modi as the sole proprietor. Ms. Nimisha Mukesh Modi retired on 27th May, 2008.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: All kinds of diamonds and gem stones.
Employees: Nil.
Materials/Commodities: Imported
from
Markets: Hong
Kong, Southeast Asia,
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a very small profit in past two years.
Condition: Business is fairly active.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd.,
Standing: Small.
GENERAL
Nasaa
Gem and Jewellery Company is a sole proprietorship owned by Mr. Sagar
Mukesh Modi who is an Indian. He is a
Hong Kong ID Card holder and has got the right to reside in
The
subject does not have its own operating office.
Its registered address, located at Flat D, 9/F., Lising Court, 34-36
Granville Road Tsimshatsui, Kowloon, Hong Kong, is also the residence of the
sole proprietor. Business is just fairly
active in
The
subject is a diamond and jewellery product trader. Loose diamonds, polished and cut diamonds are
imported from
The subject has got an affiliated company N. R. Gem Exports that is also located at the subject’s address. Established on 10th May, 1995, N. R. Gem Exports is jointly owned by Ms. Nimisha Mukesh Modi and Mr. Mukesh Babulal Modi. The former was the old sole proprietor of the subject. The business of N. R. Gem Exports is chiefly handled by Mr. Mukesh Babulal Modi. The subject and N. R. Gem Exports are owned and operated by the Modi family.
The
subject also has got a related firm in
The
subject’s history in
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
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.44.79 |
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|
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 |
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.