MIRA INFORM REPORT
|
Report No. : |
351296 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR DIAMOND TRADERS HONG KONG LIMITED |
|
|
|
|
Formerly Known As : |
EUROSTAR (FAR EAST) LIMITED |
|
|
|
|
Registered Office : |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.07.2001 |
|
|
|
|
Com. Reg. No.: |
762384 |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business : |
Subject is engaged in trading of
diamonds |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
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 has no tariffs on imported goods, and it levies excise duties on only four commodities, whether imported or produced locally: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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, its continued reliance on foreign trade and investment leaves it vulnerable to renewed global financial market volatility or a slowdown in the global economy. 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 12.5% of total system deposits in Hong Kong by the end of 2014. 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 total trade 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 47.3 million in 2014, 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 2014 mainland Chinese companies constituted about 50% of the firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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. Credit expansion and tight housing supply conditions have caused Hong Kong property prices to rise rapidly; consumer prices increased by more than 4.4% in 2014. 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. In 2014, Hong Kong and China signed a new agreement on achieving basic liberalization of trade in services in Guangdong Province under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from March 2015, cover a negative list and a most-favored treatment provision, and will improve access to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Company
name and address
|
Company Name: |
Eurostar
Diamond Traders Hong Kong Limited |
|
Supplied Name: |
EUROSTAR DIAMOND TRADERS HONG KONG LTD |
|
Trading Address: |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong |
|
Supplied Address: |
Suite No. 702, The Galleria, 9 Queen's Road, Central Hongkong |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 702, 7/F., The Galleria, 9
Queen’s Road, Central, Hong Kong |
|
Telephone Number: |
+852-3748-7888 |
|
Fax Number: |
+852-3748-7899 |
|
Date of Registration: |
2001-7-6 |
|
Registered Number: |
762384 |
|
Business Registration No.: |
31958179 |
|
Paid-up Capital: |
HKD 82,612,435 (USD 10,657,004) =
82,612,435 Shares@ HKD 1 (As of 2015.01, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm) |
|
Principal Activities: |
Trading of diamonds |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-7-6 |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 2001-7-6
with the registered number 762384 as Private Limited Liability Company in Hong
Kong.
Change of Name:
|
Date |
Change |
|
2012-8-8 |
Eurostar Diamond Traders Hong Kong
Limited |
|
2001-7-6 |
Eurostar (Far East) Limited |
Corporate
Structure
Parent Company
|
Name: |
Eurostar Diamonds International S.A. |
|
Address: |
L-1724 Luxembourg, Boulevard Prince
Henri 9B |
Major Related Companies
|
1 |
|
|
Name: |
Eurostar Diamond Trader NV |
|
Address: |
Heveniersstraat 53 Box 79, B-2018,
Antwerp, Belgium |
|
Tel: |
+32-3-213-7777 |
|
Fax: |
+32-3-213-7799 |
|
2 |
|
|
Name: |
Eurostar Belgium Inc. |
|
Address: |
18 East 48th Street, Suite
1201, New York, NY 10017 USA |
|
Tel: |
+1-212-754-4100 |
|
Fax: |
+1-212-754-0077 |
|
3 |
|
|
Name: |
Eurostar Diamonds India Pvt Ltd. |
|
Address: |
BC-4011 (West Core Entrance), 4th
Floor, Bharat Diamond Bourse BKC, Bandra (East) Mumbai 400 051 |
|
Tel: |
+9714-439-2777 |
|
Fax: |
+9714-439-2788 |
|
4 |
|
|
Name: |
Eurostar Diamond Traders Shanghai |
|
Address: |
China Diamond Exchange Centre, Floor 10,
Block A, 1701 Century Boulevard Pu Dong New Area 200122 Shanghai, China |
|
Tel: |
+86-21-5015-8388 |
|
Fax: |
+86-21-5047-5999 |
|
5 |
|
|
Name: |
Eurostar Diamond Jewellery Co., Ltd. |
|
Address: |
Di Wang Tower, Room 4801, Shennan East
Road, 518008, Shenzhen City, Guangdong Province, China |
|
Tel: |
+86-755-2583-4577 |
|
Fax: |
+86-755-8246-5577 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Eurostar Diamonds International S.A. |
82,612,434 |
99.999999% |
|
Mehta Sachin Dinukumar |
1 |
0.000001% |
|
Total |
82,612,435 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Eurostar Diamonds International S.A. |
|
Address: |
L-1724 Luxembourg, Boulevard Prince
Henri 9B |
|
2 |
|
|
Name: |
Mehta Sachin Dinukumar |
|
Address: |
Fazantenlaan, 39-2610 Antwerp
(Wilrijk) Belgium |
Management
Information
Core
Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Mehta Kunal |
|
Address: |
Eekhoornlaan, 25-2610, Wilrijk-
Antwerp, Belgium |
|
Position: |
Director |
|
Passport Number: |
EF819139 |
|
Issuing Country: |
Belgium |
|
2 |
|
|
Name: |
Mehta Kaushik Kirtilal |
|
Address: |
Eekhoornlaan, 25-2610, Antwerpen,
Belgium |
|
Position: |
Director |
|
Passport Number: |
EH954583 |
|
Issuing Country: |
Belgium |
|
3 |
|
|
Name: |
Fong Wah Kai |
|
Address: |
Unit 11-10-2, 11 Gurney Drive, No.11
Persiaran Gurney, Penang 10250, Malaysia |
|
Position: |
Director |
|
Passport Number: |
A22779838 |
|
Issuing Country: |
Malaysia |
|
4 |
|
|
Name: |
Fong Wern Sheng |
|
Address: |
Unit 11-10-2, 11 Gurney Drive, No.11
Persiaran Gurney, Penang 10250, Malaysia |
|
Position: |
Director |
|
Passport Number: |
A21246045 |
|
Issuing Country: |
Malaysia |
|
5 |
|
|
Name: |
Vermeulen Marleen Jozef |
|
Address: |
Vleminckveld 11 B: 41,2000 Antwerpen
Belgium |
|
Position: |
Director |
|
Belgium ID Number: |
590-7345500-07 |
|
6 |
|
|
Name: |
Evens Raymond George |
|
Address: |
Della Faillelaan, 61, 2020 Antwerpen,
Belgium |
|
Position: |
Director |
|
Belgium ID Number: |
591-2439193-36 |
|
7 |
|
|
Name: |
Group Motion Secretarial Services
Limited |
|
Address: |
Room C, 2/F., Wing Tat Commercial
Building, 121-125 Wing Lok Street, Central, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1684145 |
Former Directors:
|
Name: |
Mehta Sachin Dinukumar |
|
Address: |
Fazantenlaan, 39-2610 Antwerp
(Wilrijk) Belgium |
|
Position: |
Director |
|
Passport Number: |
002 0911974 35 |
|
Issuing Country: |
Belgium |
|
Date of Cessation: |
2015-10-15 |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong |
Premises
Information
According to subject’s current trading address,
we did not find any premises information from local land registry; from other
source we can not obtain any relevant information, either.
Production
Information
The subject is engaged in trading of
diamonds It is introduced that subject has related diamond processing plants in
mainland China and Botswana
Purchase
Information
Subject purchases its products both at
home and abroad.
It is introduced that subject purchases
some products from the mainland of China.
It is introduced that subject imports
some products from Europe.
It is introduced that the group “De
Beers” is one major supplier of subject’s group.
Sales
Information
The subject is mainly engaged in sales
of diamonds Subject’s major products are cut diamonds
It is introduced that subject is selling
some diamonds with the certifications of GIA or HRD.
Subject’s selling territory includes
Hong Kong domestic market, Mainland China, and Southeast Asia
Subject’s main customers are
manufacturers and designers of jewelry, watch
Settlements
Purchase
Domestic Purchase
|
Products |
Diamonds |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Diamonds |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Diamonds |
|
Selling Terms |
L/C, T/T |
Financial
Information
The
subject has no obligation to supply its financial statement to the third party
according to the relevant policy in Hong Kong and the only source from which we
can obtain the information is the subject itself.
Subject’s relevant staff rejected to
disclose the financial information, from other sources we could not obtain such
information, either.
Bankers
Subject declined to disclose its bank details; from other source
we could not obtain the relevant information, either.
Public
|
Date: |
2013-5-8 |
|
Court Name: |
|
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong
Limited formerly known as Eurostar (Far East) Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited |
|
Reason: |
Summons (For Costs) |
|
2 |
|
|
Date: |
2012-9-25 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong
Limited formerly known as Eurostar (Far East)
Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited c/o Shop 49, 1/F, Chung King Mansion,
36-44 Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Summons (To discharge injunction
order) |
|
3 |
|
|
Date: |
2012-8-24 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong
Limited formerly known as Eurostar (Far East)
Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited c/o Shop 49, 1/F, Chung King Mansion,
36-44 Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Summons (Interlocutory Injunction) |
|
4 |
|
|
Date: |
2012-8-16 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong Ltd fka Eurostar (Far East) Ltd c/o Tsang, Chan & Woo (a firm) |
|
Defendant: |
East Winner International Ltd c/o Shop 49, 1/F, Chung King Mansion,
36-44 Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Debt |
Mortgage
Record
|
1 |
|
|
Company Name: |
Eurostar (Far East) Limited (the
“Chargor”) |
|
Instrument of Creating Mortgage: |
Debenture (the “Deed”) |
|
Date of Creating Mortgage: |
2011-11-4 |
|
Amount Secured: |
All and any present and future obligations,
liabilities and indebtedness (whether actual or contingent and whether owed
jointly or severally or alone or in any other capacity whatsoever) of Chargor
to the Lender or to any other company of the SCB Group Company anywhere in
any currency including without limitations under or pursuant to each or any
of the Finance Documents together with all interest, commission, fees, costs,
charges, expenses, and other sums incurred by the Lender or any other SCB
Group Company in connection with the protection, preservation or enforcement
of its respective rights including but not limited to under the Deed and the
other Finance Documents or any other document evidencing or securing any such
liabilities (after as well as before any demand or judgment) (the “Secured
Obligations”) |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong)
Limited |
|
Address of Mortgagee: |
9th Floor, Standard
Chartered Bank Building, 4-4A Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Fixed Charges The Chargor charges and agrees to
charge as beneficial owner all the present and future right, title and
interest of the Chargor in and to the assets which are at any time owned by
the Chargor, or in which the Chargor from time to tome has an interest. Security Assignments The Chargor assigns and agrees to
assign as beneficial owner absolutely (subject to a proviso for reassignment
on redemption) all its present and future right, title and interest. |
|
2 |
|
|
Company Name: |
Eurostar (Far East) Limited (the “Mortgagor”) |
|
Instrument of Creating Mortgage: |
Legal Charge/ Mortgage (“the Charge”) |
|
Date of Creating Mortgage: |
2011-5-6 |
|
Amount Secured: |
All monies, obligations and
liabilities now or at any time hereafter due, owing or incurred to the Bank or
any other Secured Party by the Mortgagor whether on any banking or other
account or otherwise in whatever manner and whether actual or contingent and
in whatever currency and whether solely and jointly and in whatever name,
style or form and whether as principal debtor or as surety and whether
principal, interest, fees or otherwise together with interest on all such
monies at such rates as shall from time to time be charged by the Bank or
such Secured Party and all fees, commissions and other costs, charges and
expenses (including legal and other fees on a full indemnity basis) incurred
by the Bank or any other Secured Party in relation the Mortgagor and all
other monies hereby secured. |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong)
Limited |
|
Address of Mortgagee: |
32th Floor, 4-4A Des Voeux
Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All those 949,400 equal undivided
8,133,301st parts or shares of and in all those 500 equal
undivided 23,086th parts or shares of and in all those pieces or
parcels of ground registered in the Land Registry as the remaining portion of
section A of Marine Lot No.102, Section C of Marine Lot No.103, the remaining
portion of Marine Lot No.101, the remaining portion of inland Lot No.514,
Section A of marine Lot No.101, Section B of Marine Lot No.101 and the
remaining portion of section C of Marine Lot No.101 (Unit 2 on the seventh
floor, “Nine Queen’s Road Central”) |
Special
Note
Interview Details
|
Name |
Ms. Cheng |
Industry
Information
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2015.06 |
2015.01~2015.06 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
99,460 |
905,159 |
647,153 |
5,464,977 |
|
Switzerland |
6,409 |
199,072 |
48,333 |
1,399,228 |
|
Israel |
53,917 |
1,623,498 |
304,676 |
9,093,356 |
|
USA |
282,887 |
1,883,967 |
993,454 |
6,852,878 |
|
Belgium |
110,151 |
1,638,056 |
561,647 |
8,625,638 |
|
Thailand |
99,160 |
492,720 |
388,041 |
1,822,712 |
|
Japan |
56,719 |
371,240 |
236,575 |
1,664,163 |
|
Italy |
3,244 |
20,309 |
13,350 |
96,012 |
|
India |
955,874 |
5,467,092 |
5,645,538 |
30,408,178 |
|
The Mainland of China |
105,388 |
880,886 |
559,342 |
4,632,952 |
|
Exports |
||||
|
United Arab Emirates |
88,055 |
792,393 |
637,402 |
5,288,342 |
|
India |
263,998 |
1,825,623 |
1,829,493 |
10,136,195 |
|
America |
110,964 |
1,103,321 |
708,067 |
6,949,687 |
|
20,684 |
146,991 |
139,735 |
1,039,637 |
|
|
Thailand |
93,610 |
421,965 |
493,269 |
1,816,612 |
|
107,387 |
1,236,704 |
577,229 |
6,950,409 |
|
|
The Mainland of China |
256,037 |
1,335,949 |
1,563,439 |
8,246,408 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports figures have been rounded to the
nearest final digit after summing up the constituent trade figures.
Attachment
We made an on-site visit to the supplied address and found the
subject was at this location. And the name on the name plate is subject’s
former name.
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
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.
-
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 –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of diamonds
has stopped completely.” Demand has started coming from the US, the UK, Japan
and China. India’s polished diamond export is expected to cross $ 21 bn in
2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
|
HKD |
1 |
Rs.8.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.