MIRA INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Name : |
NET
JAPAN - PARK
AUCTION LTD. |
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Registered Office : |
c/o Innovative Human Resources Outstanding Partners Ltd., Room 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.06.2010 |
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Com. Reg. No.: |
52429254 |
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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, jewellery, 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
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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 |
Company name
NET JAPAN - PARK AUCTION LTD.
Company ADDRESS
c/o Innovative Human Resources Outstanding Partners Ltd.
Room 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai, Hong Kong.
PHONE: 2111 0790
FAX: 2114 0130
E-MAIL: info@innovativehr.com.hk
MANAGEMENT
Managing Director: Mr. Junichi Furuya
SUMMARY
Incorporated on: 9th June, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1,000.00
Business Category: Diamond Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Innovative Human Resources Outstanding Partners Ltd.
Room 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai, Hong Kong.
Holding Company:-
Parkdiam (HK) Ltd., Hong Kong. (Same address)
Associated
Company:-
Parkdiam Corporation, Japan.
BUSINESS REGISTRATION NUMBER
52429254
COMPANY FILE NUMBER
1466735
MANAGEMENT
Managing Director: Mr. Junichi Furuya
Contact Person: Ms. Yumi Masunari
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000.00
SHAREHOLDERS
(As per registry
dated 09-06-2011)
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Name |
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No. of shares |
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Parkdiam (HK) Ltd., Hong Kong. |
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500 |
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Yoshizawa TOSHIYUKI |
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500 |
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––––– |
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Total: |
1,000 ==== |
DIRECTORS
(As per registry
dated 01-09-2011)
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Name (Nationality) |
Address |
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Haruka ARAI |
2-1009 Yomogi-Dai, Meito-Ku, Nagoya City, 465-0091 Aichi, Japan. |
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Junichi FURUYA |
568-4 Wadomachi, Kofu-City, Yamanashi-Prefecture 400-0812, Japan. |
SECRETARY
(As per registry
dated 09-06-2011)
|
Name |
Address |
Co.
No. |
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Innovative Human Resources Outsourcing Partners Ltd. |
Room 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai, Hong Kong. |
1150948 |
HISTORY
The subject was incorporated on 9th June, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Park Auction Ltd., name changed to the present style on 20th December, 2010.
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, jewellery, etc.
Employees: Nil.
Commodities Imported: India, Thailand, Israel, Belgium, etc.
Markets: Japan, other Asian countries, 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$1,000.00
Mortgage or Charge:-
Date of Security Over Deposits with the Bank (Fixed Deposits) Limited Company – Under Seal: 24-08-2011
Amount: Amount secured – (i) all monies in any currency owing by the Company to the
chargee at any time, actually or contingently, in any capacity, alone or jointly with any other person; (ii) interest on such monies, to the date on which the chargee receives payment, at the rates payable by the Company or which would have been payable but for any circumstance which restricts payment and (iii) all expenses of the chargee in perfecting or enforcing the charge and recovering any indebtedness of the Depositor
Property: One or more time deposit of any nature of duration of the Company with the
chargee in the amount of HK$50,000.00 deposit A/C 817-478415-838 #0001
Mortgagee: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly 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: Small.
GENERAL
Having issued 1,000 ordinary shares of HK$1.00 each, Net Japan - Park Auction Ltd. is equally owned by Parkdiam (HK) Ltd. [Parkdiam], a Hong Kong-registered firm, and Mr Yoshizawa Toshiyuki who is a Japanese.
The directors of the subject are Mr. Haruka Arai and Mr. Junichi Furuya, both of whom are also Japanese.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 701, 7/F., On Hong Commercial Building, 145 Hennessy Road, Wanchai, Hong Kong known as Innovative Human Resources Outsourcing Partners Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. The registered office of Parkdiam is also located at the above‑mentioned address. The subject has no employees in Hong Kong.
The subject is a diamond trader. It imports diamonds from over twenty countries for auction. It is also a host of diamond auction. The subject has had an associated company in Tokyo, Japan known as Parkdiam Corporation [PC]. PC is also engaged in diamonds auction. The CEO of PC is Haruka Arai while his assistant is Ms. Yumi Masunari.
Sometimes Ms. Yumi Masunari stations in Hong Kong and she can be reached at her phone number 6686 3158.
PC, of which Parkdiam is the Hong Kong operation, is a major exporter of loose diamonds. Headquartered in Japan, PC hosts Japan’s largest diamond auction on a monthly basis. It also exports jewellery and timepieces.
PC, which was established in 2005, has developed major markets in the Chinese Mainland, Hong Kong and other Asian countries and regions. During the HKTDC Hong Kong International Jewellery Show, Parkdiam always stages auction of loose diamonds and diamond jewellery. For instance, under the name of the subject, Parkdiam had hosted a diamond auction at Hong Kong Regal Airport Hotel, Grand Ballroom I (1/F.) during the period of 17th-20th September, 2011.
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 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’s business in Hong Kong is fairly active. History in Hong Kong is just over a year and three months.
Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, consider it good for business engagements on secured basis for the time being.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.23 |
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UK Pound |
1 |
Rs.76.07 |
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Euro |
1 |
Rs.65.06 |
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.