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Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIRAN EXPORTS ( |
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Registered Office : |
Room 607-608, 6/F., Hilder Centre, 2 Sung |
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Country : |
Hongkong |
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Date of Incorporation : |
12.11.2003 |
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Com. Reg. No.: |
34110655 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler all kinds of diamonds and jewellery products, emerald, precious stones |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hongkong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HONGKONG - ECONOMIC OVERVIEW
Source
: CIA
KIRAN EXPORTS
(
ADDRESS: Room
607-608, 6/F., Hilder Centre, 2 Sung
PHONE: 852-2366
2488, 2366 2411, 3692 4797
FAX: 852-2739
8288
E-MAIL: infohk@kirangems.com
Managing Director: Mr. Gautam Bhikhabhai Gopani
Incorporated on: 12th November, 2003.
Organization: Private Limited Company.
Capital: Nominal:HK$92,540,000.00
Issued: HK$92,540,000.00
Business Category: Diamond Trader.
Employees: 10.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
Registered Head Office:-
Room 607-608, 6/F., Hilder Centre, 2 Sung
Headquarters:-
Kiran Gems Pvt. Ltd.
109, Prasad Chambers, Opera House, Mumbai-400004,
[Tel:91-22-4050
4444
Fax:91-22-4050
4455
E-mail:info@kirangems.com]
Factories:- [Under the name of
Kiran Gems Pvt. Ltd.]
1)
Plot No. 9, G/F., Near Affil Tower, Lambe Hanuman Road,
Varachha, Surat-395 006, Gujarat, India.
Tel: 91 261 255 4514
Fax: 91 261 255 2606
E-mail: infosurat@kirangems.com
2)
217-218, Tarabaug Estate, Opp: Jeevandhara Hotel,
Tel: 91 261 255 3983
Fax: 91 261 255 3982
E-mail: kiranbvn@yahoo.com
Holding Company:-
Kiranmani Diamonds Private Ltd.,
Associated/Affiliated Companies:-
Kerual Amit Diamond
Pvt. Ltd.,
Kiran Exports
B.V.B.A.,
Kiran Fine Gems
Pvt. Ltd.,
Kiran Gems (
Kiran Jewels (HK)
Ltd., Hong Kong.
Kiran Jewels (
Kiran Jewels Inc.,
Kiran Jewels LLC,
UAE.
Kiranmani Diamons
Pvt. Ltd.,
34110655
0870142
Managing Director: Mr. Gautam
Bhikhabhai Gopani
Nominal Share Capital: HK$92,540,000.00 (Divided
into 50,000 Ordinary shares and 9,204,000 Redeemable Preference shares of
HK$10.00 each)
Issued Share Capital: HK$92,540,000.00
(As
per registry dated 12-11-2012)
|
Name |
|
No.
of shares |
|
|
|
|
|
Redeemable
preference |
|
Gautam Bhikhabhai GOPANI |
|
5,000 |
- |
|
Kiranmani
Diamonds Private Ltd. 109, Prasad Chambers, Opera House, Mumbai-400004, |
|
30,000 |
- |
|
Vimal Labhubhai LAKHANI |
|
15,000 |
- |
|
Ashish Babulal
LAKHANI |
|
- |
9,204,000 |
|
|
|
–––––– |
–––––––– |
|
|
Total: |
50,000 ===== |
9,204,000 ======= |
(As
per registry dated 12-11-2011)
|
Name (Nationality) |
Address |
|
Gautam Bhikhabhai GOPANI |
Unit H, 22/F.,
Tower 5, Laguna Verde, Hunghom, |
|
Ami Gautam GOPANI |
Flat B, 8/F.,
Tower 6, |
(As
per registry dated 12-11-2012)
|
Name |
Address |
|
|
Champion Corporate Ltd. |
Room 2002, 20/F., Emperor Group Centre, |
0657221 |
The subject was incorporated on
12th November, 2003 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 and Wholesaler.
Lines: All kinds of diamonds and jewellery products, emerald, precious stones
Employees: 10.
Commodities Imported:
Markets: Worldwide countries.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$92,540,000.00
(Divided into 50,000 Ordinary shares and 9,204,000
Redeemable Preference shares of HK$10.00 each)
Issued Share Capital: HK$92,540,000.00
Increase of Nominal Capital:-
|
From |
HK$49,640,000.00 |
to |
HK$92,540,000.00 |
on |
28-03-2011 |
Alternation of Issued Capital:-
|
Initially |
paid up |
HK$ 49,640,000.00 |
|
28-03-2011 |
paid up |
HK$ 42,900,000.00 |
|
|
|
–––––––––––––––– |
|
Total: |
paid up |
HK$ 92,540,000.00 ============== |
Mortgage or Charge (since 2009): (See attachment)
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory condition.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing: Good.
Kiran
Exports (
The
subject is a diamond trader. It is
specialized in white diamonds of 0.005 carats to 0.5 carats, ranging from IF to
I2 clarities in D - M colours. Its GIA
certified stones range from 0.30 carats to 5.00 carats in all colour and
clarities. 3EX, H&A are available.
Kiran
has been an identity in the world of diamond manufacturer since 1985 and today
has claimed to be “The Largest Manufacturer of white diamonds under 1
carat”. Focusing on its core-strengths
of manufacturing, Kiran has carved a prime niche for itself in the mass luxury
segment. It is also one of
Being
a DTC sightholder company, Kiran has achieved benchmarks in terms of quality,
complying with to the Best Practice Principles [BPP] and Ethical norms of the
industry.
With a massive production
of nearly 1,610,000 (1.61 million) carats of polished diamonds annually, Kiran
facilitates in the growth of over a 1,000 excelling jewellery businesses
world-wide.
Kiran’s product range
includes finely cut and crafted natural diamonds of different shapes — round,
marquise, pears princess, emeralds, hearts and ovals from the smallest to 1.5
cts stone.
The followings are the
strengths of Kiran:-
Largest exporter of cut and
polished diamonds from
Wide
range of product variety available in several different sizes from the smallest
up to 2 carat stones. (Certified / Non
Certified)
Over
1,000 globally customers through dedicated account management from global
offices of Mumbai, Hong Kong,
Kiran
has a unique grading system developed through the decades of experience of its
principals synchronized with global standards.
The majority of its products are available in 17 different grades of
colour and clarity that go through a stringent quality control module where
every stone is scrutinized by its experienced craftsmen and only then is
allowed to be a part of its collection.
Besides
the subject in Hong Kong, Kiran has set up associated companies in
Kiran
also manufactures jewellery. Its prime
markets are Hong Kong, the
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in
The
subject is fully supported by Kiran. History
in
On the whole,
consider it good for normal business engagements.
Property
information of the company:-
1. Property
Location: Unit 607-608, 6/F.,
Hilder Centre, 2 Sung
Owner: Kiran
Exports (
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
16-04-2013 |
- |
Industrial & Commercial Bank of |
Mortgage |
2. Property
Location: Flat F, 29/F., Tower 16,
Laguna Grande (Phase IV A), Laguna Verde,
Owner: Kiran
Exports (
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
16-04-2013 |
- |
Industrial & Commercial Bank of |
Mortgage |
(Since 2009)
|
Date |
Particulars |
Amount |
|
29-09-2010 |
Instrument: Debenture constituting a fixed and/or
floating charge over all the assets of the Company Property: 1) By
way of first fixed charge: (i) all chattels as at the date of the Debenture
or at any time thereafter belong to the Company; (ii) all book debts and other
debts and monetary claims at the date of the Debenture or at any time
thereafter due owed or incurred to the Company; (iii) any credit balance on
any account of the Company with the Bank; (iv) all goodwill and uncalled
capital for the time being of the Company; (v) all stocks shares debentures
bonds loan capital and other securities of any description of any other
person; (vi) all letters patent trademarks service marks designs utility
models copyrights design rights and applications for registration of any of
the foregoing and the right to apply for them in any part of the world moral
rights inventions confidential information know how and rights of like nature
arising or subsisting anywhere in the world in relation to all of the
foregoing whether registered or unregistered at the date of the Debenture;
(vii) all present and future contracts or policies of insurance and all
rights and claims to which the Company is at the date of the Debenture; and
(viii) the proceeds of sale of any property referred to above 2) By way of floating charge
all the undertaking of the Company and all its property whatsoever and
whosesoever both present and future Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
All monies and liabilities in any currency
due owing or incurred by the Company to the Bank |
|
30-05-2012 |
Instrument: Debenture Property: By way of first
floating charge all its undertaking and all its other property an assets and
rights, whatsoever and wheresover, both present and future including its
uncalled capital Mortgagee: Standard Chartered Bank (Hong Kong)
Ltd., |
All monies, obligations and liabilities |
|
16-04-2013 |
Instrument: Mortgage Property: 1) All those 21/1,148 part of share
of and in section B of Kowloon Marine Lot No. 113 (Workshop Unit No. 7 and 8
on 6/F., of Hilder Centre, No. 2 Sung Ping Street, Kowloon, Hong Kong 2) All those 43/534,325 part or
share of and in Kowloon Inland Lot No. 11056 [Flat F on 29/F. of Tower 16 of
Laguna Grande (Phase IV A), Laguna Verda, No. 8 Laguna Verde Avenue, Kowloon,
Hong Kong] Mortgagee: Industrial & Commercial Bank of |
All principal, interest and other amounts
from time to time owing by the mortgagor to the lender on any current and
other account and all other liabilities whatsoever of the mortgagor to the
lender whether joint, several, present, future, actual and contingent |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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 |
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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 |
|
<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.