MIRA INFORM REPORT
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Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
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Name : |
G.Y
DIAMONDS HK LTD. |
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Registered Office : |
Unit B, 18/F., Eu Yan Sang Tower, 11-15 Chatham Road South, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.08.2007 |
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Com. Reg. No.: |
38339687 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, etc. |
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 : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
G.Y DIAMONDS
HK LTD.
Company ADDRESS
Unit B, 18/F., Eu Yan Sang Tower, 11-15 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2368 0820, 2368 0850
FAX: 2368 0819
MANAGEMENT
Managing Director: Mr. Gavriel Yosibof
SUMMARY
Incorporated on: 15th August, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Unit B, 18/F., Eu Yan Sang Tower, 11-15 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
G.Y (Yosipov) Diamonds Ltd., Israel.
BUSINESS REGISTRATION NUMBER
38339687
COMPANY FILE NUMBER
1158533
MANAGEMENT
Managing Director: Mr. Gavriel Yosibof
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry
dated 15-08-2011)
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Name |
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No. of share |
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G.Y (Yosipov) Diamonds Ltd. 3 Jabutinski St., Ramat-Gan, Israel. |
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1 = |
DIRECTOR
(As per registry
dated 15-08-2011)
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Name (Nationality) |
Address |
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Gavriel YOSIBOF |
3 Jabutinski St., Ramat-Gan, Israel. |
SECRETARY
(As per registry
dated 15-08-2011)
|
Name |
Address |
Co. No. |
|
Prima Secretaries Ltd. |
Suite 605, 6/F.,
China Insurance Group Building, 141 Des Voeux Road Central, Hong Kong. |
0569406 |
HISTORY
The subject was incorporated
on 15th August, 2007 as a private limited liability company under the Hong Kong
Companies Ordinance.
Formerly the subject was
located at Unit E & F, 26/F., Chatham Square, 8 Hart Avenue, Tsimshatsui,
Kowloon, Hong Kong, moved to the present address in July 2011.
Apart from these, neither
material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds and jewellery products, etc.
Employees: 6.
Commodities Imported: India, Israel and other European countries, etc.
Markets: Hong Kong, India, other Asian countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/A, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Increase of Nominal Capital:-
|
From |
HK$10,000.00 |
to |
HK$1,000,000.00 |
on |
31-10-2008 |
Profit or Loss: Making a small profit.
Condition: Business is normal.
Facilities: Adequate for current running.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Incorporated in August 2007, G.Y Diamonds HK Ltd. is a wholly-owned subsidiary of G.Y (Yosipov) Diamonds Ltd. [G.Y Yosipov] which is an Israel-based firm. The director of the subject Mr. Gavriel Yosibof is an Israel passport holder. Most of the time he is in Israel. The subject’s business is chiefly handled by an Israeli businesswoman who has been in Hong Kong for a long time.
The subject moved to the present new address in July 2011.
The subject and its holding company are diamond traders. G.Y Yosipov is also a diamond manufacturer. It is engaged in manufacturing diamonds ranging from 0.50 to 10.00 cts. Most of the diamonds are round, princess and fancy cuts in all colours — cape, fancy yellow, fancy intense yellow and vivid yellow. G.Y Yosipov has got GIA, HRD and EGL certificates. The subject imports diamonds from G.Y Yosipov and distributes in Hong Kong, re-exports to other Asian countries, Europe, Australia, the Middle East, North America, Central & South America, etc. Business keeps on improving.
The contact person of G.Y Yosipov is Mr. Robert Nassimov. He travels to Hong Kong once in a while.
In order to penetrate the international market further, the subject and G.Y Yosipov have taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance, the subject and G.Y Yosipov have taken part in the following fairs and exhibitions:-
Hong Kong Jewellery & Watch Fair, Hong Kong
Hochiminh City International Exhibition & Convention Centre [HIECC], Hochiminh City, Vietnam
Singapore International Jewellery Show, Singapore
JCK New Delhi 2008, New Delhi, India
Hong Kong International Jewellery Show 2009, 2010, 2011 Hong Kong
It is going to take part in “HKTDC Hong Kong International Jewellery Show 2012” which will be held in Wanchai, Hong Kong during the period of 16th to 20th February, 2012.
The subject will keep on taking part in fairs and shows held in large cities of the world.
The subject is fully supported by G.Y Yosipov.
On the whole, since the history of the subject in Hong Kong is just over four years, consider it good for normal business engagements in moderate credit amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.90 |
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UK Pound |
1 |
Rs.74.31 |
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Euro |
1 |
Rs.65.41 |
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.