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MIRA INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
R.B.
JEWELLERY (HK) PRIVATE
LTD. |
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Registered Office : |
c/o Buttar.HK Ltd., Unit R, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Yau Ma Tei, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.05.2010 |
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Com. Reg. No.: |
52202121 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of jewellery products. |
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 : |
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 – 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
R.B. JEWELLERY
(HK) PRIVATE LTD.
Company ADDRESS
c/o Buttar.HK Ltd.
Unit R, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Yau Ma Tei, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2325 6513
MANAGEMENT
Managing Director: Mr. Madan Ganpat Paste
SUMMARY
Incorporated on: 4th May, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Jewellery Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Buttar.HK Ltd.
Unit R, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Yau Ma Tei, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
52202121
COMPANY FILE NUMBER
1452231
MANAGEMENT
Managing Director: Mr. Madan Ganpat Paste
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 04-05-2011)
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Name |
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No. of shares |
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Madan Ganpat PASTE |
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10,000 ===== |
DIRECTOR
(As per registry
dated 04-05-2011)
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Name (Nationality) |
Address |
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Madan Ganpat PASTE |
A 04 Opp Jbludhani High School, Dewan Kuldeep Singh Ngr. Gokhivare Vasai E. Ms., India. |
SECRETARY
(As per registry
dated 04-05-2011)
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Name |
Address |
Co.
No. |
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Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong. |
0975326 |
HISTORY
The subject was incorporated on 4th May, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its operating office. Formerly its registered address was located at 9/F., Aztec House, 2 Mau Lam Street, Jordan, Kowloon, Hong Kong where is the operating address of Buttar.HK Ltd., a commercial service provider. Moved to the present address with effect from 16th August, 2011. The new registered address is the other operating address of Buttar.HK Ltd.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of jewellery products.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: Hong Kong, Japan, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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: Suffered from small loss in 2010
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
R.B. Jewellery (HK) Private Ltd. was incorporated on 4th May, 2010. It does not have its own operating office. Its registered office is in a commercial service firm located at Unit R, 6/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Yau Ma Tei, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling its correspondences and documents. Buttar.HK Ltd. is also the corporate secretary of the subject. The subject’s registered address moved to this new address in August 2011.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which were wholly owned by Mr. Raseshkumar Sumatilal Shah who was an Indian. On 6th December, 2010, Shah transferred all his shares to Mr. Madan Ganpat Paste who is also an Indian. Paste is an India passport holder and does not have the right to reside in Hong Kong permanently. Paste is also the only director of the subject and currently residing in India.
The subject is a diamond importer, exporter and wholesaler. Most of the commodities are imported from India and Europe. Currently, the subject is manufacturing the following commodities: bracelets, brooches, earrings, necklaces, rings, pendants, etc. The subject also trades in loose diamonds.
It is likely that the subject has got an affiliated company in India which is also operated by Paste, however, details are unknown. The India firm is doing business 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.
The subject’s history in Hong Kong is just over a year and four months. Business is still under development.
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.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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.