MIRA INFORM REPORT

 

 

Report Date :           

15.09.2011

 

IDENTIFICATION DETAILS

 

Name :

RAJ  INTERNATIONAL

 

 

Registered Office :

c/o C. L. Liu & Company, 13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

06.04.2004

 

 

Com. Reg. No.:

34442987-000-04

 

 

Legal Form :

Sole Proprietorship.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, 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 :

Moderate

Payment Behaviour :

Usually Correct

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

 

Company name

 

RAJ  INTERNATIONAL

 

 

Company ADDRESS

 

Room 1112, 11/F., Beverley Commercial Centre, 87-105 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2723 5654

FAX:                 2369 0786

 

 

MANAGEMENT

 

Manager:  Mr. Kedia Rajnikant Vishwambharlal

 

 

SUMMARY

 

Establishment:                          6th April, 2004.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Diamond Trader.

 

Employees:                   5.  (Including affiliate)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Fairly satisfactory.

Company ADDRESS

 

Registered Office:-

c/o C. L. Liu & Company

13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong.

 

Head Office:-

Room 1112, 11/F., Beverley Commercial Centre, 87-105 Chatham Road, Tsimshatsui, Kowloon, Hong Kong.

 

Associated Companies:-  (Same address)

·         Asia Web Services Ltd., Hong Kong.

·         The Crown Commercial House, Hong Kong.

·         Trans Oceanic Company, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

34442987-000-04

 

 

MANAGEMENT

 

Manager:  Mr. Kedia Rajnikant Vishwambharlal

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Kedia Rajnikant VISHWAMBHARLAL

Residential Address:      C3 Mathuresh Flats, Shamibag, Ahmedabad, India.

 

 

HISTORY

 

The subject was established on 6th April, 2004 as a sole proprietorship concern owned by Mr. Kedia Rajnikant Vishwambharlal under the Hong Kong Business Registration Regulations.

Initially the subject’s registered address was located at Room 1112, 11/F., Beverley Commercial Centre, 87-105 Chatham Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address where is the operating office of an accountant firm in August 2006.  However, its operating address is still located at the old registered address.

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:                   5.  (Including affiliate)

 

Commodities Imported:   India, Belgium, other European countries, etc.

 

Markets:                       Japan, other Asian countries, Middle East, 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 every year.

 

Condition:                      Business has been normal.

 

Facilities:                      Trying to make use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                       Small.

 

 

GENERAL

 

Raj International is a sole proprietorship set up and owned by Mr. Kedia Rajnikant Vishwambharlal who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Vishwambharlal is the manager of the subject.

The subject’s registered address is located at 13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong where is the operating office of an accountant firm C. L. Liu & Co.  However, its operating office is located at Room 1112, 11/F., Beverley Commercial Centre, 87-105 Chatham Road, Tsimshatsui, Kowloon, Hong Kong where is the operating office of The Crown Commercial House [CCH], a Hong Kong-registered company.  CCH is an Indian firm owned and operated by Mr. Kailash Chandra Khatuwala.  This firm is trading in sundry products and light industrial products, so-called “non-food items”.  Prime markets are Southeast Asia, China and Taiwan.

The subject is a diamond importer, exporter and wholesaler.  It is engaged in manufacturing loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds.  Most of the commodities such as cut and polished diamonds are imported from India and Europe.  Prime markets are Hong Kong, Japan, the other Asian countries, the Middle East, etc.  Business is fairly active.  Just making a small profits in the past years.

The subject has had a number of suppliers in India.  The subject is also a commission agent.

Vishwambharlal handles the business of the subject himself.  History in Hong Kong is over seven years and five months.

On the whole, consider the subject good for normal business engagements in small credit amounts.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.81

UK Pound

1

Rs.75.16

Euro

1

Rs.65.11

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.