MIRA INFORM
REPORT
|
Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
KRIS
DIAMOND |
|
|
|
|
Registered Office : |
Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.01.2004 |
|
|
|
|
Com. Reg. No.: |
34187307-000-01 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Importer, Wholesaler and Distributor of all kinds of diamonds, gemstones, 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 : |
No Complaints |
|
|
|
|
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 |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Bottom of Form
Company name
KRIS DIAMOND
Company ADDRESS
Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2366 4478, 2366 4475
FAX: 2366 4076
E-MAIL: piyushkala@hotmail.com
MANAGEMENT
Manager: Ms. Ruchika Kala (Mobile: 6486 0832)
SUMMARY
Establishment: 1st January, 2004.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Gemstone Trader.
Employees: 4. (Including affiliate)
Main Dealing Banker: The Bank of East Asia Ltd., Hong Kong.
Banking Relation: Satisfactory.
COMPANY ADDRESS
Head Office:-
Room 908, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
Associated/Affiliated
Companies:-
· Beauty - Diam, Hong Kong. (Same address) [BR No. 20640474]
· Beauty - Diam, India.
· Beauty Diam Co. Ltd., Hong Kong. (Same address) [Trading as “Beauty-Diam”, “Kris Diamond”, “Pola Hong Trading Co.”, “River Code Infotech” and “Cheung Lung Trading”] [All BR No. 51214387]
BUSINESS REGISTRATION NUMBER
34187307-000-01
MANAGEMENT
Manager: Ms. Ruchika Kala
SOLE PROPRIETOR
Name: Ms. Ruchika KALA
Residential Address: Flat B4, 14/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 1st January, 2004 as a sole proprietorship concern owned by Ms. Ruchika Kala under the Hong Kong Business Registration Regulations.
Originally the subject was registered under the name of Kris Diamond, name changed to Kris Information Technology on 16th March, 2007 and further changed back to the initial name on 20th June, 2007.
At the very beginning, the subject’s office was located at Flat B4, 14/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong where is the residence of the proprietor, moved to Room 906, 9/F., Hart Avenue Plaza, 5-9 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong in November 2004; and further to Room 908, 9/F. of the same building in September 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Wholesaler and Distributor.
Lines: All kinds of diamonds, gemstones, etc.
Employees: 4. (Including affiliate)
Commodities Imported: Imported from India, other Asiann countries, Europe, etc.
Markets: Hong Kong, Japan, other Asian countries, etc.
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, D/A, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Traded at a small profitable angle.
Condition: Keeping in a rather active manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met obligations as contracted.
Commercial Morality: Satisfactory.
Bankers:-
· The Bank of East Asia Ltd., Hong Kong.
· Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
GENERAL
Business commenced in January 2004, Kris Diamond is a sole proprietorship set up and owned by Ms. Ruchika Kala who is an Indian businesswoman. She is an India passport holder and also a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
Formerly the subject’s office was located at Ruchika Kala’s residence, moved to the present address in September 2009. Her business began normally operated in 2004.
The subject is a diamond and gemstone trader. Commodities are chiefly imported from Europe, India and other Asian countries. Hong Kong, Japan and the other Asian countries are its prime markets.
According to the subject, it is also engaged in diamonds and jewellery products retailing. The followings are the subject’s main products:-
· Diamond gold jewellery
· Diamond platinum jewellery
· Gemset gold jewellery – 18 karat
· Gemset platinum jewellery – pt900
· Plain gold jewellery – 18 karat
· Plain platinum jewellery – pt900
The subject has got an affiliated company bearing the same name Kris Diamond but operated by Beauty Diam Co. Ltd. [BDCL] which is a Hong Kong-registered firm located at the same operating address.
Currently, BDCL also has operated the following companies in Hong Kong:-
|
Business Name |
BR
No. |
Establishment |
Address |
|
Beauty-Diam |
51214387-001-09 |
22-09-2009 |
Room 908, 9/F., Hart
Avenue Plaza, |
|
Kris Diamond |
51214387-002-09 |
22-09-2009 |
Room 908, 9/F., Hart
Avenue Plaza, |
|
Pola Hong Trading Co. |
51214387-003-09 |
22-09-2009 |
Room 908, 9/F., Hart
Avenue Plaza, |
|
River Code Infotech |
51214387-004-09 |
22-09-2009 |
Flat F, 47/F., Block 2, Grand Waterfront, 38 San Ma Tau Street, Tokwawan, Kowloon, Hong Kong. |
|
Cheung Lung Trading |
51214387-005-09 |
22-09-2009 |
Flat F, 47/F., Block 2, Grand Waterfront, 38 San Ma Tau Street, Tokwawan, Kowloon, Hong Kong. |
The subject’s business is chiefly handled by Ruchika Kala herself who can be reached at her mobile phone number 6486 0832.
The subject has got an affiliated company Beauty - Diam (BR No. 20640474) located at its operating address. This Beauty - Diam is a sole proprietorship set up and owned by Mr. Piyush Bhagchand Kala who is also an Indian. Mr. P. B. Kala is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. P. B. Kala and Ruchika Kala seemed belong to the same family.
Beauty - Diam was established in 1979 in India as a family company. It markets jewellery in all parts of the world. It has got manufacturing plants in China and India. Products are exported to the Middle East, North America, Europe and marketed in India.
Beauty - Diam manufactures oriental and western style jewellery. Its products, bearing the brand name “PURE”, have been marketed in many countries of the world. Main products of Beauty - Diam are nose pin, bangles, bracelets, brooches, earrings, necklaces, pendants, rings, etc. The subject is also marketing and selling the same kind of products.
Another firm known as Cheung Lung Trading is also operated by BDCL. The manager of Cheung Lung Trading is P. B. Kala.
The subject is supported by Beauty - Diam which is in Hong Kong and also in India. It is also supported by the Kala family. Overall business is satisfactory. The history of the subject in Hong Kong is over seven years and seven months.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.23 |
|
UK Pound |
1 |
Rs.72.09 |
|
Euro |
1 |
Rs.62.99 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.