MIRA
INFORM REPORT
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Report
Date : |
10.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROSY BLUE HONG KONG
LTD. |
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Registered
Office : |
Rm 3601, New World Tower, 18 Queen's Road Central, Hong Kong |
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Country: |
Hong Kong |
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Date
of Incorporation : |
15.07.1986 |
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Com.
Reg. No.: |
171832 |
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Legal
Form : |
Private limited company |
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Line
of Business : |
Engaged in manufacturing &
supply of jewellery & diamond |
RATING & COMMENTS
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MIRA’s
Rating : |
A |
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status
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Good |
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
NAME & ADDRESS
ROSY BLUE HONG KONG LTD.
RM
3601, NEW WORLD TOWER,
18 QUEEN'S ROAD CENTRAL, HONG KONG.
TEL : 852 25239475
FAX : 852 28450940
EXECUTIVE SUMMARY
INCORPORATION
DATE :
15-7-1986
REGISTRATION
NO. :
171832
REGISTERED
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE :
MEHTA DILIP RAMNIKLAL (DIRECTOR & CEO)
STAFF
STRENGTH : 30
AUTHORIZED
CAPITAL : HKD 10,000 + US$3.7M = 10,000
ORDINARY
SHARES @HKD 1.- + 3.7M REDEEMABLE
PREFERENCE SHARES @US$1.-
PAID-UP
CAPITAL :
HKD 3 + US$3.7M
BUSINESS
LINE :
MANUFACTURE & SUPPLY OF JEWELLERY &
DIAMOND
TURNOVER : N/A
(AS OF DEC.
31, 2004)
EQUITIES : N/A
(AS OF DEC. 31, 2004)
PAYMENT
:
AVERAGE
RECOMM.
CREDIT RANGE : FAIRLY
LARGE AMOUNT
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : HKD
7.75486 =
USD1 AS OF 2006-04-26
SC is a private limited company registered under
incorporation file no. 171832 on 15-7-1986.
SC's shareholders & directors are shown to be as
follows:
Shareholders (as at 15-7-2005) Number of shares held
Ordinary
--------
Prime Investments SA
2
Mehta Maiank
1
---
3
==
Redeemable Preference
---------------------
Prime Investments SA 3,700,000
---------
3,700,000
=========
Directors (as at 15-7-2005)
Mehta Maiank / K587074(7)
Mehta Dilip Ramniklal / EE224460
The above registration information is based on SC's annual
return filed at Companies Registry within the last 2 years.
No material change or amendment regarding SC has been traced
& noted within last 2 years.
SC maintains its registered office address at 31/F, The
Centre, 99 Queen's Road Central, HK. which is occupied as an office by Adcor
(Hong Kong) Ltd., SC's corporate secretary.
Total number of employees : 30.
Location : Maintaining its office at the
heading business address which occupies a gross area of square feet at a commercial & shopping
building in a commercial district.
Condition inside the premises during our visit : Normal.
Office/factory layout : Well-furnished.
The premises is rented.
This section will contain the
civil litigations & winding-up petitions filed against SC for the last 6
years (as stored in our database), and the mortgage/charge filed by SC for the
last 2 years. In Hong Kong, creation of
such mortgages/charges by an unlimited co is not required to be registered in
the public records.
Civil litigation/winding-up petitions : None in
our database.
Mortgage/charge record(s) : None
filed within the last 2 years as per our current search.
Mortgage Index:
Year(s) in which mortgage registration(s) are filed: 2002,
2003
Year(s) in which mortgage satisfaction record(s) are filed:
Nil
SC is a subsidiary of Prime Investment SA whose partial
information is as follows:
- Registered address:
63 Boulevard Prince Felix L-1513 Luxemburg, Luxemburg
- Business nature:
As a holding co. with diverse interests in supply of diamond and
manufacturing of fine jewllery with gemstones
- Civil litigation & winding-up petition records: None in our database
Mehta Dilip Ramniklal, director & CEO:
- He is by Belgian nationality
Currently residing in Belgian & only visits Hong Kong
for business occasionally.
Registered residential address: 1200 Shanu Deep, 10
Altamount Road, Mumbai 400 026, India.
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records :
None in our database
Debt collection records :
No overdue amount owed by the said person was placed to us
for collection
Mehta Maiank, director:
- He is by Belgian nationality
Currently active in SC's day-to-day operations & is
responsible for its management.
Registered residential address: Flat A, 29/F, Block, Scenic
Heights, 97 Robinson Road, HK.
Credit history check : This
refers to a check of our database whether the said person has been involved in
any of the following records stored by us within the last 6 years:
Civil litigation as defendants : None in our database
Civil litigation as defendants : None in our database
Bankruptcy/winding-up petitions : None in our database
Delinquent payment records :
None in our database
Debt collection records :
No overdue amount owed by the said person was placed to us
for collection
Jimit Kabadia, manager:
Currently active in SC's day-to-day operations & is
responsible for its management.
Ownership background appraisal:
Rating: 2 Obtained
scores : 75 (see explanatory notes
below)
Keys : 1 : scores 81-100 : Excellent
2 : scores 61-80 : Good
3 : scores 46-60 : Average
4 : scores 21-45 : Fair
5 : scores 01-20 : Poor
The rating indicates the personal financial &
operational strength of SC's major principals.
It is calculated from a composite of scores obtained from the following
5 factors which carry equal weight in our analysis:
Personal financial strength, credit history & trade
reputation, business experience & track record, market connection and
management skill.
Business categories :
SC is engaged in manufacturing & supply of jewellery
& diamond.
Items available include diamond rings, earring & cut
diamond.
Production is assigned to its affiliated factories &
sub-contractors located in Guangdong Province, PR China.
A portion is sold under its own brand(s) `Estrella'
(Diamond).
SC's patrons include:
- Tse Sui Luen Jewellery International Ltd. (SEHK: 0417)
Principal purchases :
Major types of sourcing :
Diamond & jewellery accessories
Local--type of suppliers :
Nil
Buying terms : Nil
Overseas--supplying countries : Belgium & Middle East
Buying terms :
T/T & special agreed terms
Principal market :
Local--type of customers :
Manufacturers & dealers
Selling terms :
Special agreed terms
Overseas--buying countries :
PR China, Japan & SE Asia
Selling terms :
T/T & special agreed terms
SC's overseas affiliates/country
---------------------------------
- Rosy Blue N.V. / Belgium
- Rosy Blue (India) Pvt Ltd. / India
- Rosy Blue Sales Ltd. / Isarel
- Rosy Blue Ltd. / Japan
- Rosy Blue Trading (Pty) Ltd. / South Africa
- Rosy Blue Inc./ USA
Overall payment appraisal :
( ) Excellent ( )
Good (X) Average ( )
Fair ( ) Poor ( ) Not yet determined
The appraisal serves as a
reference to reveal SC's payments habits and ability to pay. It is based on the 3 weighed factors: Trade payment experience (through current
enquiry with SC's suppliers), our delinquent payment records and our debt
collection record concerning SC.
Trade payment experience : SC did not provide any name of trade/service suppliers and we have
no other sources to conduct the enquiry at present.
Delinquent payment record : None in
our database.
Debt collection record : No overdue amount owed by
SC was placed to us for collection within the last 6 years.
Banking relations are maintained principally with: ABN AMRO
Bank N.V.
Upon a
current contact, SC's principal(s) declined forwarding any financial
information on the ground that SC is a private venture whose data is not
required for public inspection.
Outside sources report that SC possesses adequate working
capital to meet its normal trade requirements & reasonable financing to
operate along the line.
As per current co. search, total amount of indebtedness of
SC in respect of all mortgages and charges, which are required to be registered
with Companies Registry as at 15-7-2005, was US$13,943,514.86.
SC is considered a well-maintained business being well-known
in the trade. Its present standing for fairly large amount of credit dealings
appears acceptable.
-- Asset Tracing --
Upon our current investigation, our database & sources
consulted indicate that SC was not involved in any property transaction (both
purchase & disposal) in Hong Kong for the last 6 years.
RATING EXPLANATIONS
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |