|
Report Date : |
05.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMOLI ENTERPRISES LTD. |
|
|
|
|
|
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Registered Office : |
Room 1101, 11/F., Paramount Building, 12 Ka Yip Street, Chai Wan |
|
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|
|
Country : |
Hong Kong |
|
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Date of Incorporation : |
11.11.1988 |
|
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|
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Com. Reg. No.: |
12296918-000-11 |
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|
|
|
Legal Form : |
Private Limited Company. |
|
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|
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Line of Business : |
Importer, Exporter, Distributor and Agent of IT Products, Customer Electronics,
Consumable items, Pharmaceuticals Products, Chemicals, Textiles, Jewellery
and Matchmaking Tools, Machinery and Machine Tools, etc. |
|
|
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market
economy, highly dependent on international trade and finance - the value of goods
and services trade, including the sizable share of re-exports, is about four
times GDP. Hong Kong's open economy left it exposed to the global economic
slowdown that began in 2008. Although increasing integration with China,
through trade, tourism, and financial links, helped it to make an initial
recovery more quickly than many observers anticipated, it again faces a
possible slowdown as exports to the Euro zone and US slump. The Hong Kong
government is promoting the Special Administrative Region (SAR) as the site for
Chinese renminbi (RMB) internationalization. Hong Kong residents are allowed to
establish RMB-denominated savings accounts; RMB-denominated corporate and
Chinese government bonds have been issued in Hong Kong; and RMB trade
settlement is allowed. The territory far exceeded the RMB conversion quota set
by Beijing for trade settlements in 2010 due to the growth of earnings from
exports to the mainland. RMB deposits grew to roughly 7.8% of total system
deposits in Hong Kong by the end of 2011, an increase of over 59% since the
beginning of the year. The government is pursuing efforts to introduce
additional use of RMB in Hong Kong financial markets and is seeking to expand
the RMB quota. The mainland has long been Hong Kong's largest trading partner,
accounting for about half of Hong Kong's exports by value. Hong Kong's natural
resources are limited, and food and raw materials must be imported. As a result
of China's easing of travel restrictions, the number of mainland tourists to
the territory has surged from 4.5 million in 2001 to 28 million in 2011,
outnumbering visitors from all other countries combined. Hong Kong has also
established itself as the premier stock market for Chinese firms seeking to
list abroad. In 2011 mainland Chinese companies constituted about 43% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the
Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply
conditions caused Hong Kong property prices to rise rapidly in 2010 and
inflation to rise 5.3% in 2011. Lower and middle income segments of the
population are increasingly unable to afford adequate housing. Hong Kong
continues to link its currency closely to the US dollar, maintaining an
arrangement established in 1983.
Source
: CIA
AMOLI ENTERPRISES
LTD.
(Trading as CHEMPHAR and TONER DISTRIBUTION)
ADDRESS: Room 1101, 11/F., Paramount
Building, 12 Ka Yip Street, Chai Wan, Hong Kong.
PHONE: 2557 1909
FAX: 2896 3421
E-MAIL: amoli@amoli.com
mail@amoli.com
sales@amoli.com
Managing Director: Mr. Vikash
Chandrakant Shah
Incorporated on: 11th
November, 1988.
Organization: Private
Limited Company.
Capital: Nominal: HK$3,000,000.00
Issued: HK$3,000,000.00
Business Category: Importer, Exporter, Distributor and Agent.
Group Turnover: US$550~600
million.
Group Employees: 25. (Hong Kong)
Main Dealing Bankers: Indian Overseas Bank, Hong Kong Branch.
BNP Paribas, Hong Kong Branch.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 1101, 11/F., Paramount Building, 12 Ka Yip Street, Chai Wan,
Hong Kong.
Overseas Offices:-
UAE (Jebel Ali), Vietnam (Honoi and Ho Chi Minh City), India (Mumbai)
and Russia (Moscow).
Overseas Warehouses:-
Australia (Sydney), Germany (Hamburg), UK, Finland (Heslinki),
Netherlands (Amsterdam), Ukraine (Kiev), Chile and USA (Miami of Florida).
Trading as:-
Chemphar, Hong Kong. [BR No.
12296918-001-11]
Toner Distribution, Hong Kong. [BR
No. 12296918-002-11]
Associated Companies:-
Amoli Middle East FZE, UAE.
Amoli Organics Ltd., India.
Indotech Ltd., Hong Kong.
KMI Business Technologies Pvt. Ltd., India.
Umedica Laboratories Ltd., India.
12296918-000-11
0232884
Managing Director: Mr. Vikash
Chandrakant Shah
Director & Contact Person:
Ms. Sweta Vikash Shah
Accountant: Mr. Ravi Chandra
Nominal Share Capital: HK$3,000,000.00 (Divided into 30,000 shares of
HK$100.00 each)
Issued Share Capital: HK$3,000,000.00
(As per registry dated 11-11-2011)
|
Name |
|
No. of shares |
|
Sweta Vikas SHAH |
|
15,000 |
|
Vikash Chandrakant SHAH |
|
15,000 |
|
|
|
–––––– |
|
|
Total: |
30,000 ===== |
(As per registry dated 11-11-2011)
|
Name (Nationality) |
Address |
|
Vikash Chandrakant SHAH |
Flat 1, 5/F., Block E, Villa Monte Rosa, 41A Stubbs Road, Hong Kong. |
|
Sweta Vikasha SHAH |
Flat 1, 5/F., Block E, Villa Monte Rosa, 41A Stubbs Road, Hong Kong. |
(As per registry dated 11-11-2011)
|
Name |
Address |
Co. No. |
|
Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong
Kong. |
0113023 |
The subject was incorporated on 11th November, 1988 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.
Activities: Importer, Exporter,
Distributor and Agent.
Lines:-
IT Products — Computers, laptops, desktops,
notebooks, palmtops, peripherals, add-on cards, floppy diskettes, floppy disk
drivers, hard‑disk drivers, , monitors, scanners, motherboards,
keyboards, mice, modems, laser printers, pin-printers, multimedia and
networking products, software, peripherals, cables/cords, etc.
Customer Electronics — Copiers, fax machines,
electronic scales, colour televisions, office automation equipment and
accessories, etc.
Consumables — Printer cartridges and toners
and lots of varieties of consumable items.
Pharmaceuticals — Pharmaceutical raw
materials, pharmaceutical intermediates and veterinary raw materials.
Chemicals — Chemicals and food additives.
Textiles — Blended yarn, cotton yarn, raw
cotton, raw silk, silk yarn, fabrics and garments, etc.
Jewellery and Matchmaking Tools.
Machinery and Machine Tools.
Office Floor Space: 826 sq.m.
Agents for:-
|
Brand |
Product |
Country of Origin |
|
CANON |
Copiers, fax machine, printers, cameras |
Japan |
|
EPSON |
Printers |
Japan |
|
FUJITSU |
Printers, hard disc drives |
Japan |
|
GOLDSTAR |
TV, VCR, monitor |
South Korea |
|
HP, “Hewlett Packard” |
Laser printers, plotters, scanners |
USA |
|
HYUNDAI |
Printers, monitors |
South Korea |
|
NEC |
Monitors |
Japan |
|
OKI |
Printers |
Japan |
|
RICOH |
Copiers, fax machine |
Japan |
|
SAMSUNG |
TV, VCR, monitor |
South Korea |
|
SEAGATE |
Hard disc drives |
Thailand |
|
SHARP |
Office automation products |
Japan |
|
STAR |
Printers |
Japan |
|
TEAC |
Floppy disk drives, streamer tape drives |
Japan |
|
and other brand names: COMPAQ,
IBM, LG, CREATIVE, TOSHIBA, AMOLI, ALPS, MINISCRIBE, QUANTUM, CONNER, EIZO, INTEL,
SONY, PANASONIC, GRAPHTEC, ROLAND’s computer and related products. |
||
Group Employees: 25.
(Hong Kong)
1,200.
(Worldwide)
Commodities Imported: Imported from
India, Japan, South Korea, Thailand, US, Europe, etc.
Markets: Hong
Kong, China, Singapore, India, Germany, Sweden, Europe, US, Middle East, East
Europe, etc.
Group Turnover: US$550~600 million.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
The Indian Chamber of Commerce, Hong Kong.
Nominal Share Capital: HK$3,000,000.00 (Divided into 30,000 shares of
HK$100.00 each)
Issued Share Capital: HK$3,000,000.00
Mortgage or Charge: (See
attachment)
Profit & Loss: Operation is profitable.
Condition:
Business is
active and satisfactory.
Facilities:
Making active
use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Good.
Bankers:-
Indian Overseas Bank, Hong Kong Branch.
BNP Paribas, Hong Kong Branch.
Calyon, Hong Kong Branch.
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Industrial And Commercial Bank of China
(Asia) Ltd., Hong Kong.
Standing:
Good.
Amoli Enterprises Ltd. [Amoli] is an Indian firm incorporated in
Hong Kong in November 1988. Having
issued 30,000 ordinary shares of HK$100.00 each, Amoli was 50%-owned by Mr.
Umed Bachubhai Doshi, an Indian who has been in Hong Kong for a very long time. The other 50% was equally owned by Ms. Sweta
Vikash Shah and Mr. Vikash Chandrakant Shah.
Later the shareholders have been reshuffled and Umed Bachubhai Doshi
retired. He has transferred all his
shares equally to the two Shahs. Now,
the subject is equally owned by Sweta Vikash Shah and Vikash Chandrakant Shah.
Amoli is a leading Indian firm in Asia trading in IT products, computer
peripherals, office automation equipment and office consumables. It is part of the “Amoli Group” which has had
diversified business interests.
Amoli has its interests in areas like pharmaceutical manufacturing and
trading, cotton yarn trading, real estate, venture capital funding,
manufacturing of TV sets in a joint venture with LG-Korea in Russia and copiers
with Minolta-Japan in India, and IT consulting.
The Group employs over 1,200 people in 7 countries.
At present, Amoli is engaged in the following business scope:-
Amoli also manufactures monitors (CRT and LCD), computer casings,
keyboards, mice, speakers, UPS, notebook computers, etc. Products can be manufactured in OEM and ODM
terms.
Amoli, headquartered in Hong Kong, is the IT arm within the Group. It started and continues to be one of the
leading independent distributors of Computer products. Amoli monitors the global market, for
“in-demand” computer products and quickly and efficiently sources these
products to its customer base. Its
customer base exceeds more than 6,000 spanning from government, corporate,
value added resellers and distributors worldwide. It has got direct relationship with fortune
500 companies such as Canon, Alps, Conner, Fujitsu, OKI, Panasonic, Seagate,
Star, Ricoh, Minolta, IBM, Compaq, Hewlett-Packard, Epson, 3 Com, Adaptec, AMD,
ATi, Creative Labs, CTX, Fuji Film, Genius, Initel, Iomega, Logitech, Maxell,
Quantum, Sony, Teac, Toshiba, TrippLite, Samsung and many more.
Amoli has had warehouses in the United Arab Emirates, Helsinki,
Hong Kong, the Netherlands, Singapore, Vietnam and Tanzania from where it
can service most of its customers.
Amoli has two divisions, namely, “Chemphar” and “Toner
Distribution”. Amoli and its divisions
are registered under the same Business Registration Number 12296918 in Hong
Kong.
Chemphar is trading in pharmaceutical and veterinary raw materials,
intermediates, chemicals and food additives.
The Amoli Group has manufacturing plants in India under the name of
Amoli Organics Ltd. and Umedica Laboratories Ltd. engaged in manufacturing high‑tech
pharmaceuticals and intermediates (formulations and medicines) as per WHO/GMP
standards. Chemphar is distributing the
products of this firm.
Toner Distribution deals in consumables like printer cartridges and
toners and lots of varieties of consumable items bearing brand names such as “Canon”,
“Epson”, “HP”, “Minolta”, “Toshiba”, etc.
Indotech Ltd., a textile product arm of the Group started in 1992, is dealing
in high grade 100% cotton yarns, fabrics, garments and garment accessories.
In recent years, the annual sales turnover of the Group has been ranged
from US$550 to 600 million. Making a
profit every year.
The history of Amoli in Hong Kong is over 23 years.
On the whole, in view of Amoli’s background and lines of business,
consider it good for normal business engagements.
Property information of
the company:-
1. Property Location: Unit 1 & 15 on 11/F., Paramount Building,
12 Ka Yip Street, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: 18-05-1991
Purchased Price: HK$2,315,700
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-11-1996 |
- |
Indian Overseas Bank, Hong Kong Branch. |
Mortgage to secure general banking facilities |
2. Property Location: Unit 2 on 11/F., Paramount Building, 12
Ka Yip Street, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: 29-10-1993
Purchased Price: HK$3,562,600
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
29-10-1993 |
- |
Indian Overseas Bank, Hong Kong Branch. |
Legal charge to secure general banking facilities |
3. Property Location: Unit 8 on 11/F., Paramount Building, 12
Ka Yip Street, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-07-1997 |
- |
Banque Nationale de Paris, Hong Kong Branch. [Now known as BNP Paribas] |
Mortgage to secure general banking facilities |
4. Property Location: Car Parking Space No. 21 on 1/F.,
Paramount Building,
12 Ka Yip Street, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
28-06-2001 |
- |
Indian Overseas Bank, Hong Kong Branch. |
Collateral mortgage to secure general banking facilities |
5. Property Location: Unit G n 27/F. of Block 1, New Jade
Gardens, 233 Chai Wan Road, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
04-12-2008 |
- |
BNP Paribas, Hong Kong Branch. |
Mortgage to secure general banking facilities |
6. Property Location: Unit 1 on 12/F. of Block 8, Heng Fa
Chuen, 100 Shing Tai Road, Hong Kong.
Owner: Amoli Enterprises Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
04-12-2008 |
- |
BNP Paribas, Hong Kong Branch. |
Mortgage to secure general banking facilities |
|
Date |
Particulars |
Amount |
|
29-10-1993 |
Instrument: Legal Charge Property: 29/5,625th parts or shares of and in Chai Wan Inland Lot No. 134 (Unit
2 on 11/F. of Paramount Building, 12 Ka Yip Street, Hong Kong.) Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
To secure credit facilities |
|
28-11-1996 |
Instrument: Mortgage Property: 30/5,625th parts or shares of and in Chai Wan Inland Lot No. 134 (Unit
1 & 15 on 11/F. of Paramount Building, 12 Ka Yip Street,
Hong Kong.) Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
To secure general banking facilities |
|
19-12-1996 |
Instrument: Deed of Charge on Deposit Property: The Charged Moneys as defined in the Deed of Charge on Deposit No.
014-45697-10 Mortgagee: Banque Nationale de Paris,
Hong Kong Branch. [Now known as
BNP Paribas] |
The Liabilities as defined in the Deed of Charge on Deposit |
|
28-07-1997 |
Instrument: Mortgage Property: 22/5,625th parts or shares of and in Chai Wan Inland Lot No. 134 (Unit
8 on 11/F. of Paramount Building, 12 Ka Yip Street, Hong Kong.) Mortgagee: Banque Nationale de Paris,
Hong Kong Branch. [Now known as
BNP Paribas] |
General banking facilities |
|
28-06-2001 |
Instrument: Collateral Mortgage Property: 3/5,625th parts or shares of and in Chai Wan Inland Lot No. 134 (Car Parking
Space No. 21 on 1/F. of Paramount Building, 12 Ka Yip Street,
Hong Kong.) Mortgagee: Indian Overseas Bank, Hong Kong
Branch. |
To secure all moneys in respect of general banking facilities and
interest thereon |
|
22-09-2003 |
Instrument: Assignment of DC Proceeds re export
bills restricted to other banks for negotiation/payment Property: By way of assignment or agreement to assign in each case as beneficial
owner. All monies in any currency representing
proceeds payable or to be paid to the company under the Documentary Credit
(means each documentary credit issued in favour of the company as beneficiary
(a) which is advised by, and the negotiation of which is restricted to any
banker or person other than the bank and (b) in relation to which the company
has requested and been granted a loan by the Bank and includes any bill of
exchange or other negotiable document issued under any documentary credit
drawn by or payable to the company), all the company’s right, title and
interest in the said Documentary Credit and the benefit of all powers and
remedies for enforcing the Documentary Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
All loans or other advances made or to be made by the Bank to the
Customer against documents submitted under a Documentary Credit, all monies
and liabilities in any currency owing by the Customer to the Bank at any
time, whether separately or jointly, actually or contingently, present or
future, interest on all loans and advances and such monies and all expenses
of the Bank in perfecting or enforcing the Assignment |
|
04-12-2008 |
Instrument: Mortgage Property: 10/18,000th parts or shares of and in Chai Wan Inland Lot No. 120
(Unit G on 27/F. of Block 1 of New Jade Gardens, 233 Chai Wan Road, Hong
Kong.) Mortgagee: BNP Paribas, Hong Kong Branch. |
As security for the Secured Indebtedness and the due fulfilment by the
Borrower of the agreements covenants and conditions contained in the Deed |
|
04-12-2008 |
Instrument: Mortgage Property: 516/4,685,000th parts or shares of and in The Remaining Portion of
Chai Wan Inland Lot No. 121 (Unit 1 on 12/F. of Block 8 of Heng Fa Chuen, 100
Shing Tai Road, Hong Kong.) Mortgagee: BNP Paribas, Hong Kong Branch. |
As security for the Secured Indebtedness and the due fulfilment by the
Borrower of the agreements covenants and conditions contained in the Deed |
|
09-06-2012 |
Instrument: Mortgage Property: All those 26 equal undivided 5,625 parts or shares of and in CHAI WAN
INLAND LOT No. 134 and of and in the building erected thereon now known as
“PARAMOUNT BUILDING” together with the sole and exclusive right and privilege
to hold use occupy and enjoy ALL Those Units No. 10, 11 and 12 on the 11/F.,
of the Building Mortgagee: Industrial & Commercial Bank of
China (Asia) Ltd., Hong Kong. |
Repayment of all principal, interest and other amounts frim time to
time owing by the company |
|
09-07-2012 |
Instrument: Mortgage Property: All Those 8 equal undivided 5,625 parts or shares of and in CHAI WAN
INLAND LOT No. 134 and of and in the building erected thereon now known as
“PARAMOUNT BUILDING” together with the sole and exclusive right and privilege
to hold use occupy and enjoy ALL THAT No. 13 on the 11/F., of the Building Mortgagee: Industrial & Commercial Bank of
China (Asia) Ltd., Hong Kong. |
Repayment of all principal, interest and other amounts form time to
time owing by the company |
|
20-07-2012 |
Instrument: Mortgage Property: All Those 4 equal undivided 3,015 parts or shares of and in ALL THAT
piece or parcel of ground registered in the Land Registry as CHAI WAN INLAND
LOT No. 80 and of and in the messuages erections and buildings thereon now
known as “GOLD MINE BUILDING” together with the sole and exclusive right and
privilege to hold use occupy and enjoy ALL THAT UNIT being Flat No. 4 on the
14/F., of Block A of the Building Mortgagee: Industrial & Commercial Bank of
China (Asia) Ltd., Hong Kong. |
Rapayment of all principal, interest and other amounts from time to
time owing by the company |
DIAMOND INDUSTRY –
INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th October
2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
-
Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
|
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.