MIRA INFORM REPORT
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Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
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Name : |
H.K.
DIA TRADING |
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Registered Office : |
Flat B1, 15/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.02.2005 |
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Com. Reg. No.: |
35365778-000-02 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, 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
H.K. DIA
TRADING
Company ADDRESS
Flat B1, 15/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Manager: Mr. Puran Singh Bajetha
SUMMARY
Establishment: 10th February, 2005.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond and Gemstone Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Head Office:-
Flat B1, 15/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated
Companies:-
Embassy International (H.K.) Ltd., Hong Kong.
Embassy
International, Hong Kong.
Associated
Companies:-
Gandhi Enterprises Co. Ltd.,
Thailand.
Gandhi Enterprises,
India.
Gandhi Jewels, Hong Kong.
Gemporium Inc., USA.
Sunrays, Hong
Kong. (Same address)
BUSINESS REGISTRATION NUMBER
35365778-000-02
MANAGEMENT
Manager: Mr. Puran Singh Bajetha
SOLE PROPRIETOR
Name: Mr. Puran Singh BAJETHA
Residential Address: Flat B, 3/F., Ma’s building, 35-37 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 10th February, 2005 as a sole proprietorship concern owned by Mr. Puran Singh Bajetha under the Hong Kong Business Registration Regulations.
Initially the subject was located at Flat B, 3/F., Ma’s Building, 35-37 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat G, 12/F., Luna Court, 55 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong in July 2007, and further to the present address in June 2010.
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, emerald, precious stones, etc.
Employees: Nil.
Commodities Imported: India, Belgium, other European countries, other Asian countries, etc.
Markets: Japan, India, other Asian countries, Europe, USA, etc.
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 in the past years.
Condition: Keeping in a fairly active manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
H.K. Dia Trading is a sole proprietorship set up and owned by Mr. Puran Singh Bajetha who is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject’s registered address and operating office is located at a residential building which is not trespassed by outsiders. Formerly the subject’s registered address was located at Flat G, 12/F., Luna Court, 55 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong. Now, it has moved to Flat B1, 15/F., Golden Crown Court, 66-70 Nathan Road, Tsimshatsui, Kowloon, Hong Kong where is also the new residential address of the sole proprietor. It is likely that the subject has not updated its information filed with the Inland Revenue Department Business Registration Office of the Hong Kong SAR Government. The subject moved to the new address in June 2010.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories. It has no employees in Hong Kong.
The subject is a diamond and precious stone importer, exporter and wholesaler. It is also a commission agent. The subject is the supplier, importer and exporter of diamonds in a wide variety like rose cuts diamonds, rose cut heart, etc. It also trades in emerald, ruby, sapphire, aqumarine, taurmaline amythist blue topaz, and other coloured stones. Its diamonds are imported from India, Belgium and other European countries, etc. Some of the commodities are polished and cut diamonds. Finished products and polished diamonds are marketed in Hong Kong or exported or re-exported to Japan, India, other Asian countries, and the United States. Business is fairly active.
The subject has had affiliated companies in Thailand, India and the United States. Business just handled by Bajetha himself, the subject is a one-man company. Keeping a balance account or just making a very small profit in the past years. History in Hong Kong is over six years and six months.
The subject has had an associated company located at its operating office known as Sunrays. Sunray is a partnership jointly owned by Puran Singh Bajetha and Milan Girdharlal Mehta. The latter is also an Indian. Established on 25 March, 2008, Sunray is also managed and operated by Bajetha. Sunray is also a diamond and gemstone trader.
On the whole, since the registered office of the subject is in a residential building, consider it good for normal business engagements on secured basis for the time being.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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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.