MIRA INFORM
REPORT
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Report Date : |
26.08.2011 |
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 diamond products |
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 : |
Small Company |
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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
5C HONG KONG LTD.
Company ADDRESS
Room 801, 8/F., Chuang’s Hunghom Plaza, 83 Wuhu Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2627 0099
FAX: 2627 0086
E-MAIL: 5chk@5c-jewelry.com
MANAGEMENT
Managing Director: Mr. Anuj Jasani
SUMMARY
Incorporated on: 31st March, 2006.
Organization: Private Limited Company.
Capital: Nominal: US$350,000.00
Issued: US$350,000.00
Business Category: Diamond Trader.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company 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.
Associated
Companies:-
5C Antwerp, Belgium.
5C Paris, France.
5C Shanghai, China.
BUSINESS REGISTRATION NUMBER
36760743
COMPANY FILE NUMBER
1035173
MANAGEMENT
Managing Director: Mr. Anuj Jasani
CAPITAL
Nominal Share Capital: US$350,000.00 (Divided into 350,000 shares of US$1.00 each)
Issued Share Capital: US$350,000.00
SHAREHOLDERS
(As per registry
dated 31-03-2011)
|
Name |
|
No. of shares |
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5C-Jewelry BVBA 2018 Antwerpen, Hoveniersstraat 30, bus 147, Antwerpen, Belgium. |
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125,000 |
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Anuj JASANI |
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225,000 |
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|
––––––– |
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Total: |
350,000 ====== |
DIRECTOR
(As per registry
dated 31-03-2011)
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Name (Nationality) |
Address |
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Anuj JASANI |
Flat A, 5/F., Monmouth Villa, 3 Monmouth Terrace, Wanchai, Hong Kong. |
SECRETARY
(As per registry
dated 31-03-2011)
|
Name |
Address |
Co.
No. |
|
Premier Secretaries Ltd. |
Room 3312, 33/F., Shui On Center, |
0209613 |
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 diamond products.
Employees: 5.
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$350,000.00 (Divided into 350,000 shares of US$1.00 each)
Issued Share Capital: US$350,000.00
Alternation of Capital:-
|
31-03-2006 |
paid up |
US$ 100,000.00 |
|
16-04-2008 |
paid up |
US$ 150,000.00 |
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04-12-2009 |
paid up |
US$ 100,000.00 |
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|
–––––––––––––– |
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Total: |
paid up |
US$ 350,000.00 ============ |
Increases of Nominal Capital:-
|
From |
US$100,000.00 |
to |
US$250,000.00 |
on |
16-04-2008 |
|
From |
US$250,000.00 |
to |
US$350,000.00 |
on |
18-11-2009 |
Mortgage or Charge:-
Date of Debenture: 10-10-2008
Amount: General banking facilities
Property: All the Company’s undertaking and property and assets
Mortgagee: ABN AMRO Bank N.V., Hong Kong Branch.
Profit or Loss: Making a small profit in past three year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met as trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
· The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
· ABN AMRO Bank N.V., Hong Kong Branch.
Standing: Normal.
GENERAL
Having issued 250,000 ordinary shares of US$1.00 each previously, 5C Hong Kong Ltd. was equally held by 5C-Jewelry BVBA [5C-Jewelry], a Belgium-based company, and Mr. Anuj Jasani. Jasani is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
Now, the subject has increased its ordinary shares to 350,000. 125,000 shares which account for 35.7% are held by 5C-Jewelry, 225,000 shares which account for 64.3% are held by Anuj Jasani.
Currently, 5C-Jewelry has had branch companies in Paris and Shanghai.
Jasani is a Belgium passport holder and had resided in Shanghai, China. He moved to Hong Kong in 2009. He had managed the business of 5C Shanghai, China for a rather long time.
The subject is a diamond trader. It is trading in the same type of products of its holding company.
5C-Jewelry is a manufacturer of fine diamond and gemstone jewellery. 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 and designs at “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.
5C-Jewelry is a manufacturer and wholesale distributor of diamonds, diamond jewellery, and fashion jewellery, with production plants in Europe and Asia. Its famous products are the following finished jewellery:-
· Diamond Jewellery
o White Diamond Jewellery
o Colour Diamond Jewellery
· Gold Jewellery
o 24K Gold Jewellery
· Platinum Jewellery
o Pt 950 Platinum Jewellery
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 its production centre is in Shanghai China. It is trying to sell its products in China and India, but centres on the development of the North America market.
Jasani frequents Shanghai, China, in order to administer the production of the products.
In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance it took part in The World Watch and Jewellery Show which had been held during the period of 26th March to 2nd April, 2009 in Birmingham, the United Kingdom. It took part in the fair “International Jewellery London” which had been held in London, the United Kingdom, from 6th to 9th September, 2009.
It also took part in Hong Kong Jewellery & Gem Fair which had been held during the period of 5th to 9th March, 2010.
5C Group also took part in 21st International Jewellery Tokyo 2010 which has been held during the period of 27th to 30th January, 2010.
It is going to take part in “HKTDC Hong Kong International Jewellery Show 2012” which will be held in Wanchai, Hong Kong during the period of 16th to 20th February, 2012.
The subject is chiefly administered by Jasani and fully supported by 5C‑Jewelry which is in Belgium.
The history of the subject in Hong Kong is over five years and four months.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
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UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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.