MIRA INFORM REPORT

 

 

Report Date :

11.01.2012

 

IDENTIFICATION DETAILS

 

Name :

DIVA  DIAM

 

 

Registered Office :

c/o WinGate Business Ltd., Room 2301, 23/F., World-Wide House, 19 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

09.09.2006

 

 

Com. Reg. No.:

37139470-000-09

 

 

Legal Form :

Sole Proprietorship Concern

 

 

Line of Business :

supplier of versatile range of diamonds in a wide variety like rose cut diamonds, rose cut heart, rose cut round, rose cut pears, rose cut oval, rose cut marquise, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Business Ceased

Payment Behaviour :

--

Litigation :

--

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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

           

DIVA  DIAM

(Business ceased)

 

 

Address

 

c/o WinGate Business Ltd.

Room 2301, 23/F., World-Wide House,

19 Des Voeux Road Central,

Hong Kong.

 

 

Credit Border Line  

 

No maximum credit is advisable as the subject has ceased business.

Company name

 

DIVA  DIAM

 

 

ADDRESS

 

Registered Office:-

c/o WinGate Business Ltd.

Room 2301, 23/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

37139470-000-09

 

 

ESTABLISHMENT 

 

9th September, 2006.

 

 

SOLE PROPRIETOR

 

(Outgoing on 06-08-2011)

 

Name:  Mr. Amit KUMAR

Residential Address:Flat B-3, 11/F., Prat Mansion, 26-36 Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

 

GENERAL

 

Please be advised that Diva Diam has ceased business since 6th August, 2011.

 

At the very beginning, the subject was established on 9th September, 2006 as a sole proprietorship concern owned by Mr. Dipak Dinkarlal Shah under the Hong Kong Business Registration Regulations.  Mr. Amit Kumar joined in as a partner on 21st August, 2007 and the subject had become a partnership since then.  Both of the partners were Indian.  However, the subject became a sole proprietorship again as Shah retired on 1st July, 2009, and the subject was solely owned by Kumar before cessation.

 

The subject did not have its own operating office.  Formerly, its registered office was in a commercial service firm located at Room 1001, 10/F., Kwong Fat Commercial Building, 582-588 Canton Road, Yau Ma Tei, Kowloon, Hong Kong known as Midnight Sun (HK) Ltd. which had handled its correspondences and documents.  In October 2009, the subject’s registered office moved to the operating address of Anki Impex Ltd., a Hong Kong-registered firm.  Anki Impex Ltd. is also owned and operated by Kumar.  Besides Anki Impex Ltd., Kumar is also operating another firm known as Malay Impex which is also a Hong Kong-registered firm.  Kumar is also the only director of Blue Sparks Ltd. which is also a Hong Kong-registered firm.

 

Before cessation of business, the subject’s registered office was in a commercial service provider located at Room 2301, 23/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong known as WinGate Business Ltd. which had handled its correspondences and documents.

 

The subject was a diamond importer, exporter and wholesaler.  It was the supplier of versatile range of diamonds in a wide variety like rose cut diamonds, rose cut heart, rose cut round, rose cut pears, rose cut oval, rose cut marquise, etc.  Commodities were chiefly imported from India and Europe.  Loose diamonds were marketed in Hong Kong and re-exported to Japan and other Asian countries.

 

The subject’s business was chiefly handled by Kumar himself.  Business was just fairly active.  The subject ceased business formally on 6th August, 2011.

 

On the whole, since the subject has ceased business, consider it not suitable for any business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.22

UK Pound

1

Rs.80.84

Euro

1

Rs.66.80

 

 

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.