MIRA INFORM REPORT
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Report Date : |
12.09.2011 |
IDENTIFICATION DETAILS
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Name : |
BLUE
SEA ENTERPRISES FZE |
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Registered Office : |
Flat J, 15/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.05.2011 |
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Com. Reg. No.: |
53992092-000-05 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
trader of diamond and jewellery |
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 : |
New Company |
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Payment
Behaviour : |
---- |
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Litigation : |
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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
BLUE SEA
ENTERPRISES FZE
Company ADDRESS
Flat J, 15/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Manager: Ms. Ruchi Sahni
SUMMARY
Establishment: 21st May, 2011.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Diamond Trader.
Employees: 3. (Including affiliates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Company ADDRESS
Head Office:-
Flat J, 15/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
53992092-000-05
MANAGEMENT
Manager: Ms. Ruchi Sahni
SOLE PROPRIETOR
Name: Ms. Ruchi SAHNI
Residential Address: 64 Street No. 22 Gouind Park, Chander
Nagar, India.
HISTORY
The subject was established on 21st May, 2011 as a sole proprietorship concern owned by Ms. Ruchi Sahni under the Hong Kong Business Registration Regulations.
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, etc.
Employees: 3. (Including affiliates)
Commodities Imported: India, etc.
Markets: Hong Kong, other Asian countries, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
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: Small.
GENERAL
Blue Sea Enterprises FZE is a sole proprietorship set up and owned by Ms. Ruchi Sahni who is an Indian businesswoman.
She is an India passport holder and does not have the right to reside in Hong Kong permanently. Sahni is also the manager of the subject.
The subject is a diamond and jewellery trader.
Business commenced in May 2011, the subject is sharing the operating office with another diamond trading firms in Hong Kong.
The subject is trading in loose diamonds, emerald, precious stones, etc. Commodities are imported from India, Belgium and other European countries. Prime markets are Hong Kong, other Asian countries, and the Middle East.
It is likely that the subject has had an associated company bearing the same name [Dubai Blue Sea] in Dubai, the United Arab Emirates. Dubai Blue Sea is engaged in the same lines of business as the subject. Dubai Blue Sea also trades in other commodities as entrusted by customers.
Besides, the subject also has had affiliated companies in India. Most of the affiliated companies in India are loose diamond suppliers.
Business chiefly handled by Ms. Ruchi Sahni herself, the subject is just a one‑person company. Business is still under development.
Since the history of the subject is less than four months, on the whole, consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.38 |
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UK Pound |
1 |
Rs.74.01 |
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Euro |
1 |
Rs.64.48 |
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.