MIRA
INFORM REPORT
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Report Date : |
18.08.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIRICH JEWELLERY LTD. |
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Registered Office : |
Room 902-903, 9/F., Hilder Centre, 2 Sung Ping Street, Hunghom,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
26.05.2006 |
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Com. Reg. No.: |
36787961 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and
jewellery products, emerald, precious stones, etc. |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
UNIRICH JEWELLERY
LTD.
(Business name: UNIQUE DIAMONDS)
Address
Room 902-903, 9/F., Hilder Centre,
2 Sung Ping Street, Hunghom,
Kowloon, Hong Kong.
(Your enquiry given as:
UNI RICH JEWELLERY LTD
of the same address. )
PHONE: 2376 2007
FAX: 2376 3734
E-MAIL: info@unirichjew.com
MANAGEMENT
Managing Director: Mr. Sohan
Goenka
SUMMARY
Incorporated on: 26th
May, 2006.
Organization: Private
Limited Company.
Capital: Nominal: HK$2,500,000.00
Issued: HK$2,500,000.00
Business Category: Jewellery Trader.
Employees:
33.
Main Dealing Banker: Citibank N.A., Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Room 902-903, 9/F., Hilder Centre, 2 Sung Ping Street, Hunghom, Kowloon,
Hong Kong.
Business Name:-
Unique Diamonds, Hong Kong. [BR
No. 36787961-001] (Same address)
Affiliated Companies:-
Emgeen Gems Ltd., Thailand.
Rich Diamonds Inc., Japan.
Rich Gems Inc., USA.
Shanti Enterprises, India.
BUSINESS REGISTRATION NUMBER
36787961
COMPANY FILE NUMBER
1048060
MANAGEMENT
Managing Director: Mr. Sohan
Goenka
CAPITAL
Nominal Share Capital: HK$2,500,000.00 (Divided into 2,500,000 shares of
HK$1.00 each)
Issued Share Capital: HK$2,500,000.00
SHAREHOLDERS
(As per registry dated 26-05-2011)
|
Name |
|
No. of shares |
|
Sohan GOENKA |
|
1,750,000 |
|
Asha GOENKA |
|
750,000 |
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–––––––– |
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Total: |
2,500,000 ======= |
DIRECTORS
(As per registry dated 26-05-2011)
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Name (Nationality) |
Address |
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Asha GOENKA |
Flat 5, 12/F., 5-7 Chatham Road South, Tsimshatsui, Kowloon, Hong
Kong. |
|
Sohan GOENKA |
Flat 5, 12/F., 5-7 Chatham Road South, Tsimshatsui, Kowloon, Hong
Kong. |
SECRETARY
(As per registry dated 26-05-2011)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
0975326 |
HISTORY
The subject was incorporated on 26th May, 2006 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.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of diamonds and jewellery products, emerald, precious stones, etc.
Employees: 33.
Commodities Imported: India, other Asian countries, etc.
Markets: Southeast
Asia, China, Japan, other Asian countries, North America, Western Europe, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$2,500,000.00 (Divided into 2,500,000 shares
of HK$1.00 each)
Issued Share Capital: HK$2,500,000.00
Mortgage or Charge: (See
attachment)
Profit or Loss: Group makes a small profit every year.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making active
use of general banking facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Banker:
Citibank
N.A., Hong Kong Branch.
Standing:
Normal.
GENERAL
Having issued 2.5 million ordinary shares of HK$1.00 each, Unirich
Jewellery Ltd. is jointly owned by Mr. Sohan Goenka, holding 70% interests; and
Mr. Asha Goenka, holding 30%. They are
also directors of the subject.
The subject is a Hong Kong based jewellery manufacturing and exporting
company which has expanded its operations worldwide. The subject is a member of the Unirich
Jewellery Group.
Unirich Jewellery Group was founded in 1984 by Mr. Sohan Goenka,
Chairman of the Group. The Group has
been serving the gems and jewellery industry for over two decades.
The subject sources its diamonds from Mumbai, India.
The subject is trading in the following commodities:-
|
Product/Service |
Product/Service Remarks |
|
Precious and Semi-Precious Jewellery |
From China (Importer) From China (Manufacturer) From China (Exporter) |
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Jewellery – Diamond |
From China (Importer) From China (Exporter) From China (Manufacturer) |
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Jewellery – Gemset |
Colour stone from China (Importer) Colour stone from China (Manufacturer) Colour stone from China (Exporter) |
Besides, the subject also trades in fine jewellery including rings,
earrings, pendants, necklaces, bracelets, bangles, brooches, tie pins and
clips, belt buckles and watches in 18K, 14K, pt 900 and pt 950
respectively. The subject’s products
have been exported to Southeast Asia, China, Japan, other Asian countries,
North America, Western Europe, etc. Business
is rather active.
Unirich Jewellery Group has set up marketing offices in some countries
such as Japan, the United States, Thailand and India. It also has set up manufacturing units in
India and China. These factories have
got modern machines for diamond cutting and polishing operated by trained
craftsmen. The stones are then assorted
and graded into different lots as per their cut, colour, clarity and size.
In 2006, Unirich Jewellery Group established a factory in Russia in
order to produce more price competitive diamonds.
The Group also has had manufacturing unites for jewellery are located at
West Panyu, Guangzhou City, Guangdong Province, China. A team of over 3,000 skilled craftsmen
creates more than 250,000 pieces of novel jewellery each year.
The Group now has achieved a commendable growth rate with an annual
turnover of US$100 million. As a leading
manufacturer/exporter of jewellery, the group is a member of jewellery board of
Hong Kong, Thailand, Japan and the United States.
The Group’s major markets cover Honk Kong, South Korea, the Middle East,
India, Pakistan, China, Japan, Europe (Italy and the United Kingdom),
Australia, and the United States. It is
supplying fine jewellery to chain stores, T.V. shopping channels, electronic
retailers and importers/wholesalers at vary competitive prices in the
above-mentioned countries and have built a reputation for honest and fair
dealing with its customers over the years.
The Group is owned by the Goenka family.
The subject is fully supported by the Group.
On the whole, consider the subject good for normal business engagements.
REMARKS
Property information of
the company:-
Property
Location: Flat B on 57/F. &
Flat B on 58/F. of Tower 3,
Harbourfront Landmark, 11 Wan Hoi Street, Kowloon, Hong Kong.
Owner: Unirich Jewellery Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
27-10-2006 |
- |
Citibank N.A., Hong Kong Branch. |
Legal charge to secure general banking facilities |
MORTGAGE OR CHARGE
|
Date |
Particulars |
Amount |
|
27-10-2006 |
Instrument: Legal Charge Property: 348/74,479th parts or shares of and in Kowloon Inland Lot No. 11055
(Flat B on 57/F. & Flat B on 58/F. of Tower 3 of Harbourfront Landmark,
11 Wan Hoi Street, Kowloon, Hong Kong.) Mortgagee: Citibank N.A., Hong Kong Branch. |
To secure all sums of money including general banking facilities |
|
27-10-2006 |
Instrument: Rental Assignment Property: 348/74,479th parts or shares of and in Kowloon Inland Lot No. 11055
(Flat B on 57/F. & Flat B on 58/F. of Tower 3 of Harbourfront Landmark,
11 Wan Hoi Street, Kowloon, Hong Kong.) Mortgagee: Citibank N.A., Hong Kong Branch. |
To secure all sums of money including general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
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|
1 |
Rs.74.56 |
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Euro |
1 |
Rs.65.33 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.