MIRA INFORM REPORT

 

 

Report Date :           

03.08.2011

 

IDENTIFICATION DETAILS

 

Name :

BLUE  SPARKS  LTD.

 

 

Registered Office :

c/o Billion Rise Secretaries Ltd., Room 1213, 12/F., Tai Yau Building, 181 Johnston Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

15.06.2009

 

 

Com. Reg. No.:

50796366

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Diamond Trader

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Operating Office

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

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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)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name

 

BLUE  SPARKS  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Billion Rise Secretaries Ltd.

Room 1213, 12/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.

[Tel: 2815 2308;  Fax: 2815 3609]

 

Affiliated/Associated Companies:-

·         Anki Impex Ltd., Hong Kong.

·         Diva Diam, Hong Kong.

·         DVH Industries (Asia) Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

50796366

 

 

COMPANY FILE NUMBER

 

1345731

 

 

DATE OF INCORPORATION

 

15th June, 2009.

 

 

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

SHAREHOLDER  

(As per registry dated 15-06-2010)

Name

 

No. of shares

Vilas Pandurang GURAV

 

10,000

=====

 

 

DIRECTOR    

(As per registry dated 05-11-2010)

 

Name

(Nationality)

 

Address

Amit KUMAR

Flat E, 45/F., Block 16, Caribbean Coast, Crystal Cove, 1 Kin Tung Road, Tung Chung. Lantau Island, Hong Kong.

 

 

SECRETARY

(As per registry dated 15-06-2010)

 

Name

Address

Co. No.

Billion Rise Secretaries Ltd.

Room 1213, 12/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.

1409644

 

 

GENERAL

 

Blue Sparks Ltd. was incorporated on 15th June, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1213, 12/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong known as Billion Rise Secretaries Ltd. [Billion Rise] which is handling its correspondences and documents.  Billion Rise is also the corporate secretary of the subject.

Formerly the subject was located at Room 1505, 15/F., Lee Wai Commercial Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong, moved to the present address where is the operating address of Billion Rise in March 2010.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Vilas Pandurang Gurav who is an Indian.  Gurav is an India passport holder and currently residing in Mumbai, India.

At the very beginning, the 10,000 shares were owned by Mr. Amit Kumar. On 5th March, 2010, Kumar transferred his shares to Gurav who is the present shareholder.  However, the director of the subject is still Kumar.

Kumar is also the only shareholder and director of Anki Impex Ltd. which is located at Room 1505, 15/F., Lee Wai Commercial Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong where was the old registered address of the subject..  Besides, Kumar is also the manager and sole proprietor of Diva Diam which was established on 9th September, 2006.

The subject has no employees in Hong Kong.

The subject is a diamond trader.  It seems that it has got an affiliated company in Mumbai, India which is also operated by Gurav.  The India firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  The India firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

Besides operating the subject, Gurav is also operating another firm known as DVH Industries (Asia) Ltd. which is also located at the operating address of Billion Rise.

The subject’s business in Hong Kong is not very active.  History in Hong Kong is just over two years.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.23

UK Pound

1

Rs.72.09

Euro

1

Rs.62.99

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.