MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
5C HONG
KONG LTD. |
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Registered Office : |
Room 801, 8/F., Chuang’s Hunghom Plaza, 83 Wuhu Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
31.03.2006. |
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Com. Reg. No.: |
36760743 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Jewellery and Diamonds, etc |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
5C
HONG KONG LTD.
ADDRESS
Room 801, 8/F.,
Chuang’s Hunghom Plaza, 83 Wuhu Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2627 0099
FAX: 2627 0086
MANAGEMENT
Managing
Director: Mr. Anuj Jasani
SUMMARY
Incorporated on: 31st March, 2006.
Organization: Private Limited Company.
Capital: Nominal: US$250,000.00
Issued: US$250,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 801, 8/F.,
Chuang’s Hunghom Plaza, 83 Wuhu Street, Hunghom, Kowloon, Hong Kong.
Holding Company:-
5C-Jewelry BVBA,
Belgium.
BUSINESS REGISTRATION NUMBER
36760743
COMPANY FILE NUMBER
1035173
MANAGEMENT
Managing
Director: Mr. Anuj Jasani
CAPITAL
Nominal Share
Capital: US$250,000.00 (Divided into 250,000 shares of US$1.00 each)
Issued Share Capital:
US$250,000.00
SHAREHOLDERS
(As per registry dated 16-04-2008)
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Name |
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No. of shares |
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5C-Jewelry BVBA Hoveniersstraat 30, B-2018 Antwerp, Belgium. |
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125,000 |
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Anuj JASANI |
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125,000 |
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––––––– |
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Total: |
250,000 ====== |
DIRECTORS
(As per registry dated 31-03-2008)
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Name (Nationality) |
Address |
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Anuj JASANI |
Apartment 2401, Block 12, 99 Pu Cheng
Road, Shanghai 200120, China. |
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Castle
Custodians Ltd. |
Flat A, 16/F., United Centre, 95 Queensway,
Hong Kong. |
SECRETARY
(As per registry dated 31-03-2008)
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Name |
Address |
Co. No. |
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Premier
Secretaries Ltd. |
Flat A, 16/F., United Centre, 95 Queensway, Hong Kong. |
209613 |
HISTORY
The subject was
incorporated on 31st March, 2006 as a private limited liability company under
the Hong Kong Companies Ordinance.
Formerly the
subject was located at Flat A, 16/F., United Centre, 95 Queensway, Hong
Kong, moved to the present address with effect from 8th April, 2008.
Apart from these,
neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: All kinds of jewellery and diamonds, etc.
Employees: 4.
Commodities Imported: Belgium, India, South Africa, Israel, etc.
Markets: Hong Kong, US, India, China, other Asian countries.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital:
US$250,000.00 (Divided into 250,000 shares of US$1.00 each)
Issued Share
Capital: US$250,000.00
Alternation of Capital
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31-03-2006 |
paid up |
US$ 100,000.00 |
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16-04-2008 |
paid up |
US$ 150,000.00 |
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–––––––––––––– |
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Total: |
paid up |
US$ 250,000.00 ============ |
Increase of
Nominal Capital:-
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From |
US$100,000.00 |
to |
US$250,000.00 |
on |
16-04-2008 |
Profit & Loss: Suffering from a small loss in 2007.
Condition: Business is improving.
Facilities: Making active use of general banking
facilities.
Payment: Met as required.
Commercial
Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Normal.
GENERAL
5C Hong Kong Ltd.
is a wholly-owned subsidiary of 5C-Jewelry BVBA [5C‑Jewelry] which is a
Belgium-based firm.
The subject is a
diamond trader. Its director is Mr.
Anuj Jasani who is a Belgium passport holder currently residing in Shanghai,
China. The subject is trading in its
parent’s products.
5C-Jewelry is a
manufacturer of fine diamond and gemstone jewelry. Its product line is vast and varied in design within the
following categories: rings, bracelets, pendants, earrings and necklaces. However, it is also able to produce its
clients’ own models at the most competitive prices.
5C-Jewelry started
as a spin-off from one of the leading diamond manufacturers in the world and
has grown into a company employing more than 200 people.
Based in Antwerp, Belgium,
5C-Jewelry concentrates on medium- to high-end 18K gold or platinum daytime
diamond jewellery.
5C-Jewelry sells
all types of jewellery but more rings and pendants. It does a lot of pavÆÙm diamonds and centre stones from 20 points
to one carat. Its popular model was a
diamond ring with a solitaire diamond and pavÆÙm diamonds down the sides that
sells for US$750-5,000 FOB Belgium, depending on the size of the diamond.
Most of
5C-Jewelry’s exports go to markets in Europe and Asia, while the its production
centres are in Shanghai and Guangzhou.
The future for sales is China and India, but it is also looking to
develop the North America market.
Most of the time,
the owner of 5C-Jewelry Mr. Anuj Jasani is in Shanghai, China.
The subject is
fully supported by 5C-Jewelry and Mr. Anuj Jasani.
Since the history
of the subject is just over two and a half years in Hong Kong, consider it
good for normal business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)