MIRA INFORM REPORT

 

 

Report Date :

18.05.2011

 

IDENTIFICATION DETAILS

 

Name :

R.  J.  EXPORTS

 

 

Registered Office :

Room 803, 8/F., Tower 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

09.06.1999.

 

 

Com. Reg. No.:

30146729-000-06

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer and Exporter of all kinds of diamonds and jewellery products, emerald, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Regular

 

 

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

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

           

R.  J.  EXPORTS

 

 

ADDRESS:       Room 803, 8/F., Tower 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.

 

PHONE:                        2376 3477,  2333 0710

 

FAX:                 2376 3693

 

E-MAIL:                        zaveri@netvigator.com

 

 

MANAGEMENT

 

Manager:  Mr. Rakesh Zaveri

 

 

SUMMARY

 

Establishment:               9th June, 1999.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Annual Turnover:            HK$10~12 million.

 

Employees:                   3.  (Including affiliate)

 

Main Dealing Banker:     Indian Overseas Bank, Hong Kong Branch.

 

Banking Relation:           Satisfactory.

 ADDRESS

 

Head Office:-

Room 803, 8/F., Tower 2, Harbour Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.

 

Affiliated Company:-

J. K. Gems, Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER 

 

30146729-000-06

 

 

MANAGEMENT

 

Manager:  Mr. Rakesh Zaveri

 

 

SOLE PROPRIETOR

 

Name:  Mr. Rakesh ZAVERI

Residential Address:      Flat A, 8/F., Bo Yip Building, 6 Ashley Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 9th June, 1999 as a sole proprietorship concern owned by Mr. Rakesh Zaveri under the Hong Kong Business Registration Regulations.

At the very beginning, the subject was located at Flat B, 8/F., Bo Yip Building, 6 Ashley Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in April 2007.

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 jewellery products, emerald, etc.

 

Employees:                   3.  (Including affiliate)

 

Commodities Imported:   India, Belgium, other European countries, US, etc.

 

Markets:                       Asian countries, Western Europe, etc.

 

Annual Turnover:            HK$10~12 million.

 

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 is normal.

 

Facilities:                      Making rather active use of general banking facilities.

 

Payment:                      Met obligations as contracted.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Indian Overseas Bank, Hong Kong Branch.

 

Standing:                      Small.

 

 

GENERAL

 

R. J. Exports is a sole proprietorship set up and owned by Mr. Rakesh Zaveri who is an Indian and has been in Hong Kong for a very long time as he is a Hong Kong ID Card holder.

Business commenced in June 1999, the subject is trading in loose diamonds, emerald, precious stones, ruby jade, gem stones, semi-precious stones, blue or coloured sapphire, etc.  It imports diamond from the United Sates, India, Belgium; gem stones, ruby and jade from Belgium, India, Israel, South Africa, etc.  However, India is its main supplying country.  After processing and cutting in Hong Kong or China, finished products are marketed in Hong Kong, exported to Japan, India, other Asian countries, Western Europe, etc.  Business is rather steady.

The subject’s business is chiefly handled by Zaveri himself who is the sole proprietor.

The subject has got an affiliated company J. K. Gems located at its operating address.  J. K. Gems is also a diamond and gem stone trader.  Business is handled by Mr. Jayant Kumar Kantilal Jhaveri who is also an Indian.  J. K. Gems is a member of The Indian Chamber of Commerce Hong Kong, Hong Kong.  This firm was established on 9th September, 1970.

The annual sales turnover of the subject ranges from HK$10 to 12 million.  Making a small profit every year.

Since the history of the subject is about twelve years in Hong Kong, 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.45.07

UK Pound

1

Rs.72.97

Euro

1

Rs.63.57

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

--

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.