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MIRA
INFORM REPORT
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Report Date : |
21.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
GEMASIA (HONG KONG) LTD |
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Registered Office : |
Unit 3, 11FL Guard Force Centre 3 Hok Yuen St East Hunghom Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.05. 1998 |
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Com. Reg. No.: |
0645657 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Purchase of Diamonds. Sales and Distribution of Products to Local and International Markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Exists |
name & address
GEMASIA
(HONG KONG) LTD
UNIT 3, 11FL GUARD FORCE CENTRE 3 HOK YUEN
ST
EAST HUNGHOM KOWLOON, HONG KONG.
TEL: 852- 27226333 FAX: 852-27226360
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
25, 1998
REGISTRATION NO. :
0645657
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HIMANSHU ARVIND SHAH (DIRECTOR)
STAFF STRENGTH :
10
CAPITAL :
US$ 128,535
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.79241 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
HKD –Hong Kong Dollars
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Registered Legal Address: Level 28 Three Pacific Place 1 Queen's Rd East
Hong Kong
*Company Registration*
==================
(1)
License number : 0645657
Date issued : 25 May, 1998
Issuing authority : Companies Registry
Legal form : Private Company having a share capital
Type of license : Corporate
(2)
License number : 21867859-001
Date issued :
N/A
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
============
Share value : HKD 1.00/-each
Authorized capital : HKD
1,000,000.00 divided into 1,000,000 ordinary shares
Paid-up capital : HKD 2.00 divided into 2 ordinary
shares
*Office & Facilities*
===============
Other Contact Details
----------------------------
Fax no. : 27211173
E-mails : sales@geasiahk.com / accounts@geasiahk.com / ravi@geasiahk.com
Previous address: Rm 908 Carnarvon Plaza 20 Carnarvon Rd Tsimshatsui
Kowloon
*Approved Signatures*
=================
Only Mr. Kamlesh Vinaykant Shah can sign on behalf of the company with
seal affixed.
*Registrar*
========
TRICOR SERVICES LTD
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SC is not known to host website of its own at present.
E-mail: gemasia@netvigator.com
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Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong Commissioner
of Inland Revenue
Case Issue : A petition to the Court claiming unpaid taxes amounting to
HKD 100,800.00 (filed under case no. DCTC4425/2002).
Court : District Court, Hong Kong
Date Commenced : 16 July, 2002
Status : Not stated
Litigation ( 2 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Hong Kong HONG KONG
BROADBAND NETWORKS LTD
Case Issue : A petition to the Court claiming unpaid service charge
(filed under case no. SCTC111378/2003).
Court : District Court, Hong Kong
Date Commenced : 21 January, 2004
Status : Not stated
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*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: 2
Shareholders Country
Number Amount (HKD) %
----------------- ---------- --------- -------------- --------
Mr. Kamlesh Vinaykant Shah India 1.00 1.00 50.00
STAR HOLDINGS LTD United Arab Emirates 1.00 1.00
50.00
*Corporate Secretary*
================
TRICOR STRATH LTD
CR no. : 4873
Address : 28Fl Three Pacific Place 1 Queen's Rd East Hong Kong Hong
Kong
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*COMPANY DIRECTORS*
======================
1
Name :
Mr. Himanshu Arvind Shah
Nationality :
India
ID/Passport No. :
P850225(4)
Registered Address :
Ahornenlaan 6, Wilrijk, 2610
Country of Residence : Belgium
2
Name :
Mr. Kamlesh Vinaykant Shah
Nationality :
India
ID/Passport No. :
Z-1446303
Registered Address : Flat
B-2, 19Fl Greenfield Terrace 26 Ho Man Tin Hill Rd, Ho Man Tin, Kowloon
Country of Residence Hong Kong
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*Main Products & Services*
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Specializes in the following areas of work:
1. Import and local purchase of diamonds.
2. Sales and distribution of products to local and international markets.
Products: Cut diamonds
Diamond cuts
Diamonds
Polished
diamonds
*Payment Terms*
=============
Sales
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Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or Credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Exhibition Participation*
===================
Participated in the following local exhibitions:
Exhibition/Fair
Date Attended
--------------------
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Hong Kong International Jewellery Fair March 2007
Hong Kong Jewellery & Watch Fair June 2007
Hong Kong Jewellery & Watch Fair September 2007
Hong Kong Jewellery Manufacturers Exhibition December 2007
*Associations*
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Member of:
- Indian chamber of Commerce Hong Kong, The
*Local Distribution Network*
======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
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Part of the annual turnover is attributed to export worldwide.
*International Exhibition Participation*
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Participated in the following local exhibitions:
Exhibition/Fair
Location Date
Attended
-------------------- ------------- --------------------
Shenzhen International Gold, Jewellery & Gem Fair China March 2007
Shenzhen International Jewellery Fair China September 2007
The Macau Jewellery & Watch Fair China --
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*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : ASIAN STAR CO LTD
Address : Unit 114-C Mittal Court - C Wing Nariman Point Nariman Point
Mumbai (Bombay) 400021 Maharashtra India
Country : India
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Giftware & Jewellery
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PAYMENT RATING : 3 OBTAINED SCORES :
50
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
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As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
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SC is considered small-sized in its line with a development history of
10 years
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3911 Jewelry, of
precious metal
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7113 Articles
of jewelry & parts, of precious metal or clad
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to Oceania
Importing from Europe
Importing from North America
Importing from USA
RATING EXPLANATIONS
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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. |
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)