MIRA INFORM
REPORT
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Report Date : |
08.06.2011 |
IDENTIFICATION DETAILS
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Name : |
RNP
JEWELRY DESIGN LTD. |
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Registered Office : |
Unit F, 9/F., Summit Building, 30 Man Yue Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.11.2009 |
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Com. Reg. No.: |
51461087 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamond and jewellery products |
RATING & COMMENTS
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MIRAs 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 : |
Unknown |
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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
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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 |
Bottom of Form
Company name
RNP JEWELRY DESIGN
LTD.
Company ADDRESS
Unit F, 9/F., Summit Building, 30 Man Yue Street, Hunghom, Kowloon, Hong Kong.
PHONE: 3950 5950
FAX: 3590 5810
E-MAIL: admin@rnpjewelry.com
MANAGEMENT
Managing Director: Mr. Tso Keung Shing
SUMMARY
Incorporated on: 25th November, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2,000.00
Business Category: Jewellery Trader.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Unit F, 9/F., Summit Building, 30 Man Yue Street, Hunghom, Kowloon, Hong Kong.
Holding
Companies:-
Legend International Capital Ltd., Hong Kong.
P. J. Design Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
51461087
COMPANY FILE NUMBER
1394829
MANAGEMENT
Managing Director: Mr. Tso Keung Shing
Contact Person: Mr. Anson Yung
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2,000.00
SHAREHOLDERS
(As per registry dated 19-05-2011)
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Name |
Occupation |
No. of shares |
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P. J. Design Ltd., Hong Kong. |
Corporation |
600 |
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Legend International Capital Ltd., Hong Kong. |
Corporation |
1,400 |
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Total: |
2,000 ==== |
DIRECTORS
(As per registry dated 25-11-2010)
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Name (Nationality) |
Address |
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TSO Keung Shing |
Flat B, 7/F., Block 10, Pacific Palisades, 1 Braemar Hill Road, North Point, Hong Kong. |
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CHAN Mei Wah |
Unit E, 10/F., Kaiser Estate Phase 1, 41 Man Yue Street, Hunghom Kowloon, Hong Kong. |
SECRETARY
CHAN
Mei Wah (As per registry dated
25-11-2010)
HISTORY
The subject was incorporated on 25th November, 2009 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 diamond and jewellery products.
Employees: 5.
Commodities Imported: India, Thailand, Europe, USA, etc.
Markets: Hong Kong, other Asian countries, Europe, North America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
MEMBERSHIP
Hong Kong Jewellery & Jade Manufacturers Association, Hong Kong.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2,000.00
Alternation of Capital:-
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Initially |
paid up |
HK$ 1,000.00 |
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19-05-2011 |
paid up |
HK$ 1,000.00 |
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Total: |
paid up |
HK$ 2,000.00 ========== |
Profit or Loss: Kept a balance account in 2010.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 1,000 ordinary shares of HK$1.00 each, RNP Jewelry Design Ltd. increased its ordinary shares to 2,000 of the same unit value on 19th May, 2011. The subject is jointly owned by two Hong Kong-registered firms: P. J. Design Ltd., holding 30% interests; and Legend International Capital Ltd., holding 70%.
The directors of the subject are Mr. Tso Keung Shing and Ms. Chan Me Wah. The former is representing P. J. Design Ltd. while the latter, representing Legend International Capital Ltd.
P. J. Design Ltd. was incorporated in Hong Kong on 11th December, 2007 while Legend International Capital Ltd., incorporated on 12th June, 2009. The latter firm was set up by its shareholders in order to set up the subject.
Currently, the subject is a diamond jewellery manufacturer and wholesaler. It is engaged in manufacturing and exporting bracelets, brooches, earrings, necklaces, rings, pendants, etc.
According to the subject, it has had an affiliated factory in Southern China manufacturing all kinds of jewellery products.
Most of the rough diamonds, loose, cut and polished diamonds are imported from India, Europe and the United States. Finished products such as fine jewellery are exported to the United States, Europe, Russia, Australia and other Asian countries. Russia and Australia are its targeting area for expansion in 2011.
According to the subject, since establishment, its export value has amounted to US$40 million and US$10 million to Europe. Business is still under development.
The subjects business is chiefly administered by Mr. Tso Keung Shing. The contact person is Mr. Anson Yung.
On the whole, since the history of the subject in Hong Kong is just over one year and six months, consider it good for normal business engagements on secured basis for the time being.
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.44.74 |
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UK Pound |
1 |
Rs.73.25 |
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Euro |
1 |
Rs.65.48 |
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 SCs 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.