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Report Date : |
09.06.2012 |
IDENTIFICATION DETAILS
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Name : |
AHUJA WATCHBANDS |
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Registered Office : |
15/F., Hart House, |
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Country : |
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Date of Incorporation : |
18.01.2010 |
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Com. Reg. No.: |
51691323-001-01 |
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Legal Form : |
Sole Ownership |
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Line of Business : |
Importer, Exporter and Manufacturer of All kinds of watch bands, straps,
etc. |
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No. of Employees : |
5. (Including
associates) |
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 : |
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 (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
ANDSAHUJA WATCHBANDS
ADDRESS: 15/F., Hart House, 12-14 Hart
Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2369 6999
FAX: 2721 6665
E-MAIL: abuja@biznetvigator.com
Manager: Mr. Gopaldas Holaram
Ahuja
Establishment: 18th January, 2010.
Organization: Sole Ownership.
Capital: Not disclosed.
Business Category: Importer,
Exporter and Manufacturer.
Employees: 5. (Including associates)
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
15/F., Hart House, 12-14 Hart Avenue, Tsimshatsui, Kowloon,
Hong Kong.
Parent Company:-
Ahuja Jewellery (HK) Ltd., Hong Kong.
(Same address)
Associated
Companies:-
Alfa Bracelets, Hong Kong. (Same
address)
B V EM Enterprises Inc., Hong Kong.
(Same address)
HK Watchbands Corp. Ltd., Hong Kong.
(Same address)
HK Watchbands Corp., Hong Kong.
(Same address)
51691323-001-01
Manager: Mr. Gopaldas Holaram
Ahuja
Ahuja Jewellery (HK) Ltd., Hong Kong.
(See attachment)
The subject was established on 18th January, 2010 as a sole ownership
firm with Ahuja Jewellery (HK) Ltd as the proprietor under the.Hong Kong
Business Registration Regulations.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Manufacturer.
Lines: All
kinds of watch bands, straps, etc.
Employees: 5. (Including associates)
Commodities Imported: China,
other Asian countries, etc.
Markets: Asian
countries, Europe, North America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc
Capital: Not disclosed.
Profit or Loss: Keeping a
balance account.
Condition: Business is
improving.
Facilities: Making fairly
active 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.
Ahuja Watchbands is operated and owned by Ahuja Jewellery (HK) Ltd.
[Ahuja Jewellery] which is a Hong Kong-registered firm. Ahuja Jewellery and the subject are located
at the same operating address.
The subject is a member of the Ahuja group of companies chiefly owned by
the Ahuja family.
According to the subject, having over 35 years of experience, it is one
of the largest exporters/manufacturers of stainless steel jewelry, titanium
jewelry and watchbands (meal, leather and synthetic). It is likely that its predecessor began
operation in the mid-70’s.
In the jewelry division it has combined stainless steel with leather,
rubber, carbon fiber, lead-free enamel, 18 karat gold, semi-precious stones and
other materials.
The Group produces bracelets, bangles, rings, pendants, necklaces,
earrings, as well as accessories such as cuff-links, tie-clips, etc. It also receives OEM/ODM orders.
Most of the subject’s products bear the brand name Ahuja. The Group currently is trading in the
following commodities:-
·
Stainless steel jewellery;
·
Bicoloured and tricoloured jewellery;
·
Fashion and fancy jewellery;
·
Chains, pendants (men’s jewellery);
·
Bracelets (men’s jewellery);
·
Imitation jewellery;
·
Key rings;
·
Titan jewellery;
·
Rings;
·
Earrings;
·
Crosses;
·
Goldplated bracelets;
·
Bracelets of non-precious metal; &
·
Leather straps.
The subject’s products have been exported to Japan, other Asian
countries, Europe, North America, etc.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong. For instance, it is going to take part in
“Hong Kong Watch & Clock Fair 2012” which will be held in Hong Kong
Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 5th
to 9th September, 2012.
Incorporated on 15th January, 2010, Ahuja Jewellery is equally owned by
five Indian, namely, Gopaldas Holaram Ahuja, Tarana Gopaldas Ahuja, Navin
Gopaldas Ahuja, Monesh Gopaldas Ahuja and Sonia Rajesh Bhojwani.
The subject is fully supported by the Ahuja group of companies and the
Ahuja family.
On the whole, since the history of the subject is short, consider it
good for normal business engagements on L/C basis for the time.
AHUJA JEWELLERY (HK)
LTD.
15/F., Hart House, 12-14 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong
51691323
1412213
15th January, 2010.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry dated 15-01-2012)
|
Name |
|
No. of shares |
|
Gopaldas Holaram AHUJA |
|
20,000 |
|
Tarana Gopaldas AHUJA |
|
20,000 |
|
Navin Gopaldas AHUJA |
|
20,000 |
|
Monesh Gopaldas AHUJA |
|
20,000 |
|
Sonia Rajesh BHOJWANI |
|
20,000 |
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|
––––––– |
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|
Total: |
100,000 ====== |
DIRECTORS
(As per registry dated 15-01-2012)
|
Name (Nationality) |
Address |
|
Monesh Gopaldas AHUJA |
Flat C, 16/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui,
Kowloon, Hong Kong. |
|
Navin Gopaldas AHUJA |
Flat 7, 36/F., J Residence, 60 Johnston Road, Wanchai, Hong Kong. |
|
Tarana Gopaldas AHUJA |
Flat C, 16/F., Windsor Mansion, 29-31 Chatham Road South, Tsimshatsui,
Kowloon, Hong Kong. |
|
Sonia Rajesh BHOJWANI |
Flat A, 3/F., Block 1, Site 3, Willow Mansion, Whampoa Garden,
Kowloon, Hong Kong. |
|
Gopaldas Holaram AHUJA |
Flat C & D, 16/F., Windsor Mansion, 29-31 Chatham Road South,
Tsimshatsui, Kowloon, Hong Kong. |
(As per registry dated 15-01-2012)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon,
Hong Kong. |
0975326 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
|
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
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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 |
---- |
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.