MIRA
INFORM REPORT
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Report Date : |
02.03.2011 |
IDENTIFICATION DETAILS
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Name : |
ARCOS HONG KONG
LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
29.08.2005 |
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Com. Reg. No.: |
36029084 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Diamonds, precious stones, 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 |
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 – June 30, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Name and address
ARCOS HONG
KONG LTD.
ADDRESS:
PHONE: 2521 9292
FAX: 2521 9636, 2521 9239
E-MAIL: info@arcos-hk.com
MANAGEMENT
Managing Director: Mr. Vladlen
Dmitrievich Nogovitsyn
SUMMARY
Incorporated on: 29th
August, 2005.
Organization: Private
Limited Company.
Capital: Nominal: US$300,000.00
Issued: US$300,000.00
Business Category: Diamond Trader.
Group Revenue: RUB
96,294 million (Year ended 31-12-2010)
Employees:
10.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Holding Company:-
ALROSA Co. Ltd.,
Affiliated Companies:-
ALROSA Group of Companies
ALROSA Finance S.A.,
Arcos
Arcos Diamonds Israel Ltd.,
Arcos East DMCE, UAE.
Arcos Ltd.,
Arcos USA Inc.,
OAO
OAO
OAO
OAO Investment Group ALROSA,
OAO NNGK
OAO
OAO Viluyskaya GES-3,
OOO
OOO MAK Bank,
OOO Urengoyskaya Gazovaya Co.,
Sunland Trading
ZAO
ZAO
etc.
BUSINESS REGISTRATION NUMBER
36029084
COMPANY FILE NUMBER
0992677
MANAGEMENT
Managing Director: Mr. Vladlen
Dmitrievich Nogovitsyn
CAPITAL
Nominal Share Capital: US$300,000.00 (Divided into 300,000 shares of US$1.00
each)
Issued Share Capital: US$300,000.00
SHAREHOLDER
(As per registry dated 29-08-2010)
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Name |
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No. of shares |
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ALROSA Co. Ltd. 7, Ul., Lenina, Mirny 678170, Republic of Sakha (Yakutia). |
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300,000 ====== |
DIRECTORS
(As per registry dated 29-08-2010)
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Name (Nationality) |
Address |
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Vladlen Dmitrievich NOGOVITSYN |
Flat A, 18/F., Tower 3, Bel-air No. 8, Bel-air On The Peak, Island
South, |
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Oleg KUROCHKIN |
Flat 127, Building 8, Michurinskiy Prsp., |
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Yury OKOEMOV |
Flat 109, Building 33/2, Nakhimoveky Prsp. 117418, |
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Alexander MALININ |
Flat 2, Building 6, Bolshoy Afanassievsky Per. 119048, Moscow, Russian
Federation. |
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Evgeny SMAGIN |
Flat 74, Block 3, Building 1, Ivanteevskaya Str. 107150, Moscow,
Russian Federation. |
SECRETARY
(As per registry dated 29-08-2010)
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Name |
Address |
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EQ Secretaries Ltd. |
31/F., The Center, 99 Queen’s Road Central, |
0099444 |
HISTORY
The subject was incorporated on 29th August, 2005 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: Diamonds,
precious stones, etc.
Employees: 10.
Commodities Imported:
Markets:
Group Revenue:-
RUB 71,894.4 million (Year ended
31-12-2007)
RUB 73,985.8 million (Year ended
31-12-2008)
RUB 63,849.1 million (Year ended
31-12-2009)
RUB 96,294.0 million (Year ended
31-12-2010) – Estimated
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$300,000.00 (Divided into 300,000 shares of
US$1.00 each)
Issued Share Capital: HK$300,000.00
Group Net Income:-
RUB 14,132.9 million (Year ended 31-12-2007)
RUB
1,573.6 million (Year ended
31-12-2008)
RUB
2,348.4 million (Year ended
31-12-2009)
RUB
6,135.0 million (Year ended
31-12-2010) – Estimated
Profit or Loss: Making a small profit every year.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making active use
of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
GENERAL
Arcos Hong Kong Ltd. is a wholly-owned subsidiary of ALROSA Co. Ltd.
[ALROSA] which is a
ALROSA is the legal successor to:-
the enterprises, organizations and other units of PNO Yakutalmaz
(state-owned diamond mining company in the former
some of the units within the structure of the Committee for Precious
Metals and Gems under the RSFSR Ministry of Finance (involved in sorting,
preparation for shipment and shipment of rough diamonds);
V/O Almazyuvelirexport.
The Shareholders of ALROSA:-
the
the
Administrations of 8 municipal districts (uluses) of the
other legal entities and individuals with 9.0739% of shares.
ALROSA is a multinational company.
The geographic reach of its operations stretches from the Russian Arctic
to southern
The main enterprises of ALROSA that employed 32,562 people as of
December 2009 and are located in Western Yakutia on the territory of four
districts of the Republic of Sakha (Yakutia) — the Mirny, Lensk, Anabar and
Nyurba Districts. In Western Yakutia, ALROSA
has four mining and processing divisions, the Mirny,
Aikhal,
Udachny
and Nyurba,
the wholly owned diamond mining affiliate — OJSC Almazy Anabara
(Diamonds of Anabar), four exploration expeditions, a research and
design and an exploration institutes, motor transport and aircraft enterprises.
The Yakutsk Diamond Trading Enterprise of ALROSA (YAPTA) operates in
An exploration division and the Severalmaz diamond mining subsidiary
operate in the Arkhangelsk Region, developing
ALROSA is engaged in diamond mining also in the
For the year ended 31st December, 2010, the revenue of ALROSA Group
amounted to RUB 96,294 million (2009: RUB 63,849 million); net income was RUB
6,135 million (2009: RUB 2,349 million).
The subject is a diamond trader.
It imports all kinds of diamonds from
As the history of the subject is over five years and six months in
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.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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.