MIRA INFORM
REPORT
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Report Date : |
23.09.2011 |
IDENTIFICATION DETAILS
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Name : |
UVEE
STARS LTD. |
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Registered Office : |
Room 810, 8/F., Rise Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.03.2009 |
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Com. Reg. No.: |
50475091 |
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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 : |
Moderate |
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Payment
Behaviour : |
Usually Correct |
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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 |
Bottom of Form
Company name
UVEE STARS
LTD.
Company ADDRESS
Room 810, 8/F., Rise Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 366 0106
FAX: 2364 0106
MANAGEMENT
Managing Director: Mr. Nirav Narendra Jhaveri
SUMMARY
Incorporated on: 26th March, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Diamond Trader.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fairly satisfactory.
Company ADDRESS
Registered Head
Office:-
Room 810, 8/F., Rise Commercial Building, 5-11 Granville Circuit, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
50475091
COMPANY FILE NUMBER
1326152
MANAGEMENT
Managing Director: Mr. Nirav Narendra Jhaveri
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDER
(As per registry
dated 26-03-2011)
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Name |
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No. of shares |
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Nirav Narendra JHAVERI |
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1,000,000 ======= |
DIRECTORS
(As per registry
dated 26-03-2011)
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Name (Nationality) |
Address |
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Nirav Narendra JHAVERI |
Flat F, 9/F., Luna Court, 53-59 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong. |
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Kamlesh Jaychand SHAH |
423/23 Water Lumpini Clief Building, 11/F., Naratiwas Soi 24, Rama 3, Bangkok 10120, Thailand. |
SECRETARY
(As per registry
dated 26-03-2011)
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Name |
Address |
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Bayani Divino Bautista PONCE |
13/F., 5 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong. |
HISTORY
The subject was incorporated on 26th March, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered office was located at Unit A, 16/F., Brilliant Court, 78 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong where is the operating address of a commercial service provider Ponce & Co. Ltd., moved to the present address in early 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, etc.
Employees: 3.
Commodities Imported: India, Thailand, etc.
Markets: Hong Kong, Thailand, India, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, 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$1,000,000.00
Profit or Loss: Made a small loss in 2009 and 2010.
Condition: Business is improving.
Facilities: Making fairly 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
Having issued 1 million ordinary shares of HK$1.00 each, UVee Stars Ltd. is wholly-owned by Mr. Nirav Narendra Jhaveri who seems to be a Thai. The directors of the subject are Nirav Narendra Jhaveri and Mr. Kamlesh Jaychand Shah. The latter is an India passport holder but residing in Thailand. Jhaveri is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. He can be reached at his mobile phone number 6629 0103.
The subject moved to the present address which is a new office in early 2010. It is just a small trading company.
The subject is a diamond importer, exporter and wholesaler. It is trading in single-cut diamond, fullcut loose diamond, carat size diamonds, blue sapphire, etc. Commodities and rough diamonds are imported from India and Thailand. After processing in Hong Kong or China, finished are marketed in Hong Kong, exported to Japan, Thailand and the other Asian countries. Business is improving.
It is likely that the subject has got affiliated companies both in Thailand and India. History in Hong Kong is just over two years and four months.
In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance, 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’s business is chiefly handled by Jhaveri himself.
Since the history of the subject in Hong Kong is short, on the whole, consider it good for 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.48.82 |
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UK Pound |
1 |
Rs.75.48 |
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Euro |
1 |
Rs.66.10 |
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.