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MIRA INFORM
REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
EMBASSY
INTERNATIONAL (H.K.) LTD. |
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Registered Office : |
Unit D, 26/F., 8 Hart Avenue, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.07.2006 |
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Com. Reg. No.: |
36954081 |
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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, emerald, precious stones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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
|
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
EMBASSY INTERNATIONAL (H.K.) LTD.
Company ADDRESS
Unit D, 26/F., 8 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2721 3992, 2368 4768
FAX: 2739 5226
E-MAIL: info@embassyhk.com
MANAGEMENT
Managing Director: Mr. Dipen Mahendra Gandhi
SUMMARY
Incorporated on: 11th July, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Unit D, 26/F., 8 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
Associated Companies:- (Same address)
Ciro Diamond Ltd., Hong Kong.
Embassy International, Hong Kong.
Affiliated Companies:-
Gandhi Enterprises Co. Ltd.,
Thailand.
Gandhi Enterprises,
India.
Gandhi Jewels, Hong Kong.
Gemporium Inc., USA.
Sunrays, Hong Kong.
BUSINESS REGISTRATION NUMBER
36954081
COMPANY FILE NUMBER
1058238
MANAGEMENT
Managing Director: Mr. Dipen Mahendra Gandhi
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 11-07-2010)
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Name |
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No. of shares |
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Chirag Mahendra GANDHI |
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5,000 |
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Yogesh Ratilal GANDHI |
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4,800 |
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Puran Singh BAJETHA |
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200 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTOR
(As per registry dated 11-07-2010)
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Name (Nationality) |
Address |
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Dipen Mahendra GANDHI |
Unit D, 26/F., 8 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 11-07-2010)
|
Name |
Address |
Co.
No. |
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Team Victoria Ltd. |
Room D, 3/F., Thomson Commercial Building, |
0712532 |
HISTORY
The subject was incorporated on 11th July, 2006 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 diamonds and jewellery products, emerald, precious stones, etc.
Employees: 3.
Commodities Imported: India, Belgium, other European countries, etc.
Markets: Japan, India, other Asian countries, USA, 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$10,000.00
Profit or Loss: Making a small profit.
Condition: Business is normal.
Facilities: Making active use of general banking facilities.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Embassy International (H.K.) Ltd. is jointly owned by three Indian: Mr. Chirag Mahendra Gandhi, holding 50% interest; Mr. Yogesh Ratilal Gandhi, holding 48%; and Mr. Puran Singh Bajetha, 2%. The only director of the subject is Dipen Mahendra Gandhi.
The subject is a diamond importer, exporter and wholesaler. It has had closed connection with Gandhi Enterprises [Gandhi], an India-based firm, which is also a diamond trader. Gandhi is controlled by the Gandhi family.
The subject is trading in the same kinds of commodities of Gandhi, more or less. Gandhi is trading in diamonds, sapphires (all colours), rubies, emeralds, Tanzanites and semi precious gems, white diamonds, natts diamonds. Sizes ranging from 0.5 pointer to 5 carats. Currently, Gandhi has set up subsidiary firms in Hong Kong and the United States.
The subject’s raw materials are imported from India, Belgium and other European countries, etc. Some of the commodities are polished diamonds. Finished products and polished diamonds are exported or re-exported to Japan, India, other Asian countries, and the United States. Business is still under development. It also manufactures jewellery on OEM basis.
The subject has got an affiliated diamond manufacturing factory in Surat, India. It also has had an affiliated company Ciro Diamond Ltd. [Ciro] located at its operating address.
Ciro has issued just one ordinary share of HK$1.00 which is owned by Dipen Mahendra Gandhi who is an Indian. As a Hong Kong ID Card holder, he has got the right to reside in Hong Kong permanently. He is also the only director of Ciro.
The business of the subject and Ciro is chiefly handled by D. M. Gandhi.
The history of the subject is over four years and nine months in Hong Kong.
On the whole, consider it good for normal business engagements.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.97 |
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|
1 |
Rs.74.22 |
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Euro |
1 |
Rs.63.66 |
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.