MIRA INFORM REPORT
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Report Date : |
04.09.2011 |
IDENTIFICATION DETAILS
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Name : |
LIANG
GEM LTD. |
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Registered Office : |
c/o Company Registration & Business Services Ltd., Room 1203, 12/F., Tower 3, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.04.2011 |
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Com. Reg. No.: |
58227822 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of gemstones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment
Behaviour : |
--- |
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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
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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
LIANG GEM LTD.
Company ADDRESS
c/o Company Registration & Business Services Ltd.
Room 1203, 12/F., Tower 3, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2157 8788
FAX: 2157 8799
MANAGEMENT
Managing Director: Mr. David Edmundo Menotti Valdes
SUMMARY
Incorporated on: 14th April, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Gemstone Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Company Registration & Business Services Ltd.
Room 1203, 12/F., Tower 3, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated Companies:-
· Anastore LLC, USA.
· Boswell Lynch Investments LLC, USA.
· Cira Consulting LLC, USA.
· Cornell Bruxham Ltd., USA.
· Focus Reports LLC, USA.
· Global & Alternative Brokerage Services LLC, USA.
· Nnoxe Pharmaceuticals LLC, USA.
BUSINESS REGISTRATION NUMBER
58227822
COMPANY FILE NUMBER
1588004
MANAGEMENT
Managing Director: Mr. David Edmundo Menotti Valdes
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry
dated 14-04-2011)
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Name |
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No. of share |
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CHAN Wai Man |
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1 = |
DIRECTOR
(As per registry
dated 06-05-2011)
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Name (Nationality) |
Address |
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David Edmundo MENOTTI VALDES |
Casa C-93, Provincia Panama, Monterrico Calle 3ra. Corregimiento de Pacora, Distrito de Panama. |
SECRETARY
(As per registry
dated 14-04-2011)
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Name |
Address |
Co.
No. |
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Company Registration & Business Services Ltd. |
Room 1203, 12/F., Tower 3, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong. |
1081484 |
HISTORY
The subject was incorporated on 14th April, 2011 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 and Exporter.
Lines: All kinds of gemstones, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: Panama, etc.
Terms/Sales: L/C, T/T, etc.
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$1.00
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: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Liang Gem Ltd. was founded by Mr. Chan Wai Man who is a Hongkongnese. The director of the subject Mr. David Edmundo Menotti Valdes is a Panama passport holder and does not have the right to reside in Hong Kong permanently. Currently he is residing in Panama.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 1203, 12/F., Tower 3, China Hong Kong City, 33 Canton Road, Tsimshatsui, Kowloon, Hong Kong known as Company Registration & Business Services Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
Chan Wai Man seems to be an employee of Company Registration & Business Services Ltd. The subject has no employees in Hong Kong.
The subject is a gemstone trader. It is trading in the following gem stones: amethyst, rubylite, green amethyst, blue topaz, lemon topaz, citrine, smokey topaz, kunzite, peridot, morganite, pink tourmalines, amethyst, pink topaz, emerald, garnet, lapis-lazuli, ruby, sapphire, rose quartz, etc. Commodities are imported from India, Burma, Thailand, Sir Lanka, etc. Prime markets are Panama and the United States.
The subject has had a number of affiliated companies in the United States.
It is likely that the subject has got an associated company in Panama which is also operated by Menotti Valdes. The associated firm is also a gemstone trader.
It is likely that the Panama 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 Panama firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not very active.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.90 |
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UK Pound |
1 |
Rs.74.31 |
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Euro |
1 |
Rs.65.41 |
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.