MIRA INFORM REPORT

 

 

Report Date :           

30.05.2011

 

IDENTIFICATION DETAILS

 

Name :

CRYSTAL  DIAM  LTD.

 

 

Registered Office :

c/o Perry Gems (Hong Kong) Ltd, Room 404A, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

11.01.2011

 

 

Com. Reg. No.:

53596802

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of jewellery and diamond products

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

Company name

 

CRYSTAL  DIAM  LTD.

 

 

Company ADDRESS

 

c/o Perry Gems (Hong Kong) Ltd.

Room 404A, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.

PHONE:            3153 4104

FAX:                 3153 4105

E-MAIL:                        info@crystaldiam.com

rajesh@crystaldiam.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Rajeshkumar Kanjibhai Vaghani  (Mobile: 6064 9394)

 

 

SUMMARY

 

Incorporated on:             11th January, 2011.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$7,000.00

 

Business Category:        Diamond Trader.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Too early to comment.

company ADDRESS

 

Registered Head Office:-

c/o Perry Gems (Hong Kong) Ltd.

Room 404A, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

53596802

 

 

COMPANY FILE NUMBER 

 

1550618

 

 

MANAGEMENT

 

Managing Director:  Mr. Rajeshkumar Kanjibhai Vaghani

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$7,000.00

 

 

SHAREHOLDER

(As per registry dated 11-01-2011)

 

Name

 

No. of shares

Rajeshkumar Kanjibhai VAGHANI

 

7,000

====

 

DIRECTOR    

(As per registry dated 11-01-2011)

 

Name

(Nationality)

 

Address

Rajeshkumar Kanjibhai VAGHANI

502 Sopan Building, Sai Baba Lane, Santa Cruise, West, Mumbai, India.

 

 

SECRETARY

(As per registry dated 11-01-2011)

 

Name

Address

Co. No.

Sino Link Far East Ltd.

Suite B, 15/F., Kimberley House, 35 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

1214120

 

 

HISTORY

 

The subject was incorporated on 11th January, 2011 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 jewellery and diamond products.

 

Employees:                   Nil.

 

Commodities Imported:   India, other Asian countries, Europe, etc.

 

Markets:                       Hong Kong, Japan, other Asian countries, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, etc.

           

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$7,000.00

 

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:     Too early to comment.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Normal.

 

 

GENERAL

 

Having issued 7,000 ordinary shares of HK$1.00 each, Crystal Diam Ltd. is wholly owned by Rajeshkumar Kanjibhai Vaghani who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Vaghani is also the only director of the subject.  He can be reached at his mobile phone number 6064 9394.

The subject does not have its own operating office.  Its registered office is in a diamond trading firm located at Room 404A, 4/F., Fu Hang Industrial Building, 1 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong known as Perry Gems (Hong Kong) Ltd. which is handling its correspondences and documents.  The subject has no employees in Hong Kong.

Besides the subject, there are some other diamond firms also using the above‑mentioned address as their registered address in Hong Kong.

Business commenced in January 2011, the subject has had an associated company in India bearing the same name [India Crystal Diam].  India Crystal Diam is also operated by Mr. Rajeshkumar Kanjibhai Vaghani.

India Crystal Diam originally founded in India in 1972 is a diamond manufacturing, marketing, logistics and configuration service provider.  It is a diamond company well known for its strong technical force and good technology.  India Crystal Diam is trading in the following commodities: white diamond, OW (TTLB) diamond, brown diamond, black diamond, etc.

The subject is engaged in the same lines of business as India Crystal Diam.  History in Hong Kong is just over four months.  Business still under development.

It is likely that India Crystal Diam deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  India Crystal Diam also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not active.

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.21

UK Pound

1

Rs.74.31

Euro

1

Rs.64.40

 

 

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.