MIRA INFORM REPORT

Report Date :

05.07.2013

IDENTIFICATION DETAILS

Name :	POOJA DIAMONDS (HK)
Registered Office :	Flat A, 9/F., Pacific Building, 65-67 Kimberley Road, Tsimshatsui, Kowloon
Country :	Hong Kong
Date of Incorporation :	17.07.2007
Com. Reg. No.:	38175885-000-07
Legal Form :	Sole Proprietorship
Line of Business :	Importer, Exporter and Wholesaler of All kinds of Diamonds and Jewellery products, Emerald, Precious Stones.

RATING & COMMENTS

MIRA’s Rating :

B

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	New Company
Payment Behaviour :	Usually Correct
Litigation :	Clear

name of the company

POOJA DIAMONDS (HK)

Company ADDRESS

Flat A, 9/F., Pacific Building, 65-67 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

PHONE: 2223 1134

FAX: 2231 1340

MANAGEMENT

Manager: Mr. Ashok Kumar Jain

SUMMARY

Establishment: 17th July, 2007.

Organization: Sole Proprietorship.

Capital: Not disclosed.

Business Category: Diamond Trader.

Employees: Nil.

Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

Banking Relation: Fair.

Company ADDRESS

Head Office:-

Flat A, 9/F., Pacific Building, 65-67 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

38175885-000-07

MANAGEMENT

Manager: Mr. Ashok Kumar Jain

SOLE PROPRIETOR

Name: Mr. Ashok Kumar JAIN

Residential Address: Bhaver Barri Bijainagar Ajmer Raj, India.

HISTORY

The subject was established on 17th July, 2007 as a sole proprietorship concern owned by Mr. Ashok Kumar Jain under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat I, 19/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in December 2007.

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, emerald, precious stones.

Employees: Nil.

Commodities Imported: India, Europe, etc.

Markets: Japan, other Asian countries, etc.

Terms/Sales: L/C, T/T, etc.

Terms/Buying: L/C, T/T, D/P, etc.

FINANCIAL INFORMATION

Capital: Not disclosed.

Profit or Loss: Too early to offer an opinion.

Condition: Business is under development.

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

Pooja Diamonds (HK) is a sole proprietorship set up and owned by Mr. Ashok Kumar Jain who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office. Its registered address is in a private building located at Flat A, 9/F., Pacific Building, 65-67 Kimberley Road, Tsimshatsui, Kowloon, Hong Kong. This address is supposed to be the residence of the sole proprietor.

The subject’s registered address is also the new residential address of the sole proprietor who moved in December 2007. It is likely that the subject has not updated its information filed with the Inland Revenue Department Business Registration Office of the Hong Kong SAR Government.

Business commenced in July 2007, the subject is trading in loose diamonds, emerald, precious stones. Raw materials are imported from India, Belgium and other European countries. Gemstones and diamonds are processed, polished and cut in Hong Kong. Finished products are exported to Asian countries, Europe, etc.

The subject is just a one-man-company. Kept a balance account in 2008.

Since the history of the subject is less than two years, consider it good for normal business engagements on L/C basis.

COURT CASES: None per our.

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.09
UK Pound	1	Rs.91.58
Euro	1	Rs.78.08

INFORMATION DETAILS

Report Prepared by :

MNL

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%)

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