MIRA
INFORM REPORT
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Report Date : |
28.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JK DIAM
LTD |
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Registered Office : |
Flat C, 7/F., Han Chung Mansion, 8-10 Hankow Road, Tsimshatsui,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.05.2010 |
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Com. Reg. No.: |
52287468 |
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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. |
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No. of Employees : |
1 |
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 : |
Small company |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
JK DIAM LTD.
Company ADDRESS
Flat C, 7/F., Han Chung
Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2736 6100
FAX: 2736 6110
E-MAIL: jkdiamhk@gmail.com
MANAGEMENT
Managing
Director: Mr. Shaileshkumar Popatlal
Lukhi
SUMMARY
Incorporated on: 17th May, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$3,500,000.00
Issued: HK$3,500,000.00
Business Category: Diamond Trader.
Employee: 1.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company name
JK DIAM LTD.
Company ADDRESS
Registered
Head Office:-
Flat C, 7/F., Han
Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated
Company:-
J.K. Star
G-9 Prasad Chambers
Tata Road, 1 Opera House, Mumbai-400004, India.
[Tel: 9122-2366
9647, 2366 9648; Mobile: 91 9820 165478]
BUSINESS REGISTRATION NUMBER
52287468
COMPANY FILE NUMBER
1456817
MANAGEMENT
Managing
Director: Mr. Shaileshkumar Popatlal
Lukhi
Contact
Person: Mr. Sameer A. Vora (Mobile: 9561 1795)
CAPITAL
Nominal Share
Capital: HK$3,500,000.00 (Divided into 3,500,000 shares of HK$1.00 each)
Issued Share
Capital: HK$3,500,000.00
SHAREHOLDER
(As
per registry dated 17-05-2011)
|
Name |
|
No.
of shares |
|
Shaileshkumar Popatlal LUKHI |
|
3,500,000 ======= |
DIRECTOR
(As per registry dated 17-05-2011)
|
Name (Nationality) |
Address |
|
Shaileshkumar
Popatlal LUKHI |
7-A, Giriraj Co-op. Hsg. Soc. Ltd., 11-Altamount
Road, Mumbai-26, India. |
SECRETARY
(As per registry dated 17-05-2011)
|
Name |
Address |
Co.
No. |
|
Lodestar
Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong
Kong. |
0113023 |
HISTORY
The
subject was incorporated on 17th May, 2010 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, etc.
Employee: 1.
Commodities Imported: India, other Asian countries, Europe, etc.
Markets: Hong Kong, other Asian countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$3,500,000.00 (Divided into 3,500,000 shares of HK$1.00 each)
Issued Share Capital: HK$3,500,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 10,000.00 |
|
11-04-2011 |
paid up |
HK$ 3,490,000.00 |
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|
––––––––––––––– |
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Total: |
paid up |
HK$ 3,500,000.00 ============== |
Increase of Nominal Capital:-
|
From |
HK$10,000.00 |
to |
HK$3,500,000.00 |
on |
11-04-2011 |
Profit or Loss: Made a small loss in 2010.
Condition: Business is improving.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having
issued 3.5 million ordinary shares of HK$1.00 each, JK Diam Ltd. is wholly
owned by Mr. Shaileshkumar Popatlal Lukhi who is an Indian. He is also the only director of the subject. He is an India passport holder and does not
have the right to reside in Hong Kong permanently.
Formerly
the subject had just issued 10,000 ordinary shares of HK$1.00 each, increased
to the present number in April 2011.
Incorporated
in May 2010, the subject’s registered address is located at Flat C, 7/F., Han
Chung Mansion, 8-10 Hankow Road, Tsimshatsui, Kowloon, Hong Kong. This office is not in a commercial building
but a residential building. It is likely
that Lukhi is residing in this address when he is in Hong Kong. The residential building is not trespassed by
outsiders.
The
subject has an employee in Hong Kong known as Mr. Sameer A. Vora who is the
marketing manager of the subject. Sameer
A. Vora can be reached at his mobile phone number 852-9561 1795.
The
subject is a diamond importer, exporter and wholesaler. Most of its commodities are loose diamonds
and white diamonds, which are imported from India. Another significant product of the subject is
diamond ring. Products are marketed in Hong
Kong or re-exported to the other Asian countries, North America and even South
America. Business has been improving in
Hong Kong.
According
to the subject, it is a leading supplier in NATTS diamonds in the Mumbai market
of India. Now it has targeted on the
east Asian market while Hong Kong is the foothold. This is the reason why the subject has been
set up. The subject can supply all kinds
of NATTS diamonds ranging from US$30.00 to 500.00. It also can supply white and white NATTS
diamonds in all sizes.
The
subject has got an affiliated company in India known as J.K. Star which is in
Mumbai. J.K. Star is trading in the same
kinds of products as the subject. It is
also the main supplier of the subject.
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 Hong
Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of
16th to 20th February, 2012.
As
the history of the subject in Hong Kong is just over a year and eight months,
on the whole, consider it good for normal business engagements on L/C basis for
the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.77.79 |
|
Euro |
1 |
Rs.65.05 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
-- |
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.