MIRA INFORM
REPORT
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Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
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Name : |
PURE
CONCEPTS LTD. |
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Registered Office : |
Unit C, 12/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.01.2005 |
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Com. Reg. No.: |
35290872 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Jewellery and diamond products, 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 : |
Small Company |
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Payment
Behaviour : |
Usually Correct |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
PURE CONCEPTS LTD.
Company ADDRESS
Unit C, 12/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon, Hong Kong.
PHONE: 2363 2812
FAX: 2363 6013
MANAGEMENT
Managing Director: Mr. Ronald Lawrench D’Souza
SUMMARY
Incorporated on: 19th January, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Unit C, 12/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon, Hong Kong.
Holding Company:-
Wonking (Hong Kong) Ltd., Hong Kong. (Same address)
Associated
Company:-
Donovans Ltd.
Unit G, 12/F, Winner Building, 36 Man Yue Street, Hunghom, Kowloon, Hong Kong.
Affiliated
Companies:-
QI Group of Companies
GITA, Singapore.
Goldquest International Ltd., Hong Kong.
QI Asset Management Ltd., Cayman Islands.
QI Ltd., Cayman Islands.
QI Services (M) Sdn. Bhd., Malaysia.
QI Services (TH) Ltd., Thailand.
QiComm Asia Ltd., Hong Kong.
QiComm Asia Pacific Ltd., Hong Kong.
QNet Ltd., Hong Kong.
Quest Travel Ltd., Hong Kong. [Dissolved]
Quest Vacation International Ltd., Hong Kong. [Dissolved]
QuestNet Ltd., British Virgin Islands/Hong Kong.
QuestNet Services (HK) Ltd., Hong Kong.
Quex Courier (HK) Ltd., Hong Kong.
The Asian Hotel Corporation, Sri Lanka.
The Mayer Mint GmbH, Germany.
V-Team International Ltd., British Virgin Islands.
V-Team Ltd., Hong Kong. [Dissolved]
etc.
BUSINESS REGISTRATION NUMBEr
35290872
COMPANY FILE NUMBER
0946951
MANAGEMENT
Managing Director: Mr. Ronald Lawrench D’Souza
Director & Contact Person: Mr. Yeh Yuan Chi, Franky
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 19-01-2011)
|
Name |
Occupation |
No. of shares |
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QI Asset Management Ltd. Scotia Centre, 4/F., P.O. Box 2804, George Town, Grand Cayman, Cayman Islands. |
Corporation |
2,500 |
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Wonking (Hong Kong) Ltd., Hong Kong. |
Corporation |
7,500 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 19-01-2011)
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Name (Nationality) |
Address |
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Ronald Lawrence D’SOUZA |
Flat F, 12/F., Greenburg Court, Greenvale Village, Discovery Bay, Lantau Island, Hong Kong. |
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YEH Yuan Chi |
Flat B, 22/F., Block 19, Laguna Verde, Hunghom, Kowloon, Hong Kong. |
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Magandran S.
RAJADURAI |
1 Jin Besi Off Jin Melawis, 41000 Klang, Malaysia. |
SECRETARY
(As per registry dated 19-01-2011)
|
Name |
Address |
Co.
No. |
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Excellence Group Ltd. |
Flat D, 2/F., Right Time Building, 21-27 Playing Field Road, Mongkok, Kowloon, Hong Kong. |
0567136 |
HISTORY
The subject was incorporated on 19th January, 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: Jewellery and diamond products, etc.
Employees: 6.
Commodities Imported: India, Belgium, Israel, etc.
Markets: Australasia, Central & South America, Hong Kong, North America, Western Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a normal 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., Hong Kong.
Standing: Normal.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Pure Concepts Ltd. is jointly owned by QI Asset Management Ltd., a Cayman Islands-registered firm holding 25% interests; and Wonking (Hong Kong) Ltd. [Wonking], a Hong Kong-registered firm holding 75%. Wonking is also located at the same operating address as the subject.
The directors of the subject are Mr. Yeh Yuan Chi, Mr. Magandran S. Rajadurai and Mr. Ronald Lawrench D’Souza. The second is a Malaysia passport holder and currently residing in Malaysia.
The subject is a diamond trader. It has had an associated company known as Donovans Ltd. [Donovans] in Hong Kong. The subject and Donovans are engaged in the same lines of business.
Donovans is a manufacturer of fine jewellery, catering for medium market, it annually launches 1,800 designs of jewellery with a China factory and in‑house design team. Its products are sold to manufacturers and wholesalers and exported to foreign countries. Foreign markets are Australasia, Central & South America, Hong Kong, North America, Western Europe, etc. The subject imports loose diamonds from India. Business is rather active.
QI Asset Management Ltd. is an associated company of the QI Group of Companies. The QI Group of Companies are a multinational conglomerate comprising a dynamic group of companies with regional offices in Hong Kong, Singapore and Malaysia and a wide range of subsidiary companies in nearly 30 countries. The QI Group has six main business lines diversified into Telecommunications, Lifestyle and Leisure, Luxury and Collectibles, Training and Conference Management, Property Development and its flagship, a global Retail and Direct Sales business. The constantly evolving group has also expanded organically into various new segments through strategic investments around the world.
With over 1,000 employees, the QI Group through its various businesses has a global customer base of over five million that spans nearly 160 countries. The QI Group is a member of the Commonwealth Business Council and a Global Growth Company member of the World Economic Forum. One of the members of the QI Group is GoldQuest International Ltd. [GoldQuest].
GoldQuest a global numismatics company renowned for its gold coin products and jewellery marketed in more than 120 countries worldwide. In its five years of existence, GoldQuest is now considered one of the most successful Asian start-up businesses, and is Asia’s largest e-business portal. With headquarters in Hong Kong and operational offices in nine countries, GoldQuest is one of the world’s largest numismatics organisations working with reputed government and private mints.
The subject is supported by the QI Group.
On the whole, consider the subject good for normal business engagements.
COURT CASES: None per our.
.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.08 |
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UK Pound |
1 |
Rs.73.45 |
|
Euro |
1 |
Rs.64.30 |
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.