|
Report Date : |
15.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR (FAR EAST) LTD. |
|
|
|
|
Registered Office : |
Room 702, 7/F., Nine Queen’s Road Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.07.2001 |
|
|
|
|
Com. Reg. No.: |
31958179 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Wholesaler and Exporter of Precious stones, diamonds, jewellery, rubies, sapphires, etc. |
|
|
|
|
No. of Employees : |
8 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EUROSTAR (FAR
EAST) LTD.
Address:
Room 702, 7/F., Nine Queen’s Road Central,Hong Kong.
(Formerly located at:
Room 1501-1502, 15/F., Lane Crawford House,
70 Queen’s Road Central, Hong Kong. )
PHONE: 2810 7751, 3748
7888
FAX: 2810 7772, 3748 7899
Executive Director: Mr. Sachin
Dinukumar Mehta
Incorporated on: 6th
July, 2001.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000,000.00
Issued: HK$82,612,435.00
Business Category: Importer, Wholesaler and Exporter.
Employees:
8.
Main Dealing Banker: Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 702, 7/F., Nine Queen’s Road Central, Hong Kong.
Holding Company:-
Eurostar Diamonds International S.A., Luxembourg.
Associated/Affiliated Companies:-
Benchmark Softec (Pvt.) Ltd., India.
Benchmark Softec Inc., USA.
Benchmark Softec Ltd., Belgium.
Benchmark Softec Ltd., Germany.
Benchmark Softec Ltd., UAE.
Benchmark Softec Ltd., UK.
Dimexon (Hong Kong) Ltd., Hong Kong.
Dimexon (Shanghai) Ltd., China.
Dimexon Antwerp NV, Belgium.
Dimexon Diamond Traders, Italy.
Dimexon Diamonds Ltd., India.
Dimexon International Holdings B.V., the Netherlands.
Dimexon ME DMCC, UAE.
Dimexon USA Inc., USA.
Eurostar Belgium Inc., USA.
Eurostar Diamond Traders (Shanghai) Co. Ltd., China.
Eurostar Diamond Traders NV, Belgium.
Eurostar Diamonds India Pvt. Ltd., India.
Eurostar Traders DMCC, UAE.
Kirtilal Kalidas & Co., India.
Kirtilal Kalidas Jewellers Pvt. Ltd., India.
Qingdao Dimexon Eurostar Diamond & Jewellery Co. Ltd., China.
Shenzhen Eurostar Diamond Jewellery Co. Ltd., China.
Vispart Jewellery Manufacturers (Pvt.) Ltd., India.
etc.
31958179
0762384
Executive Director: Mr. Sachin
Dinukumar Mehta
Nominal Share Capital: HK$100,000,000.00 (Divided into 100,000,000
shares of HK$1.00 each)
Issued Share Capital: HK$82,612,435.00
(As per registry dated 06-07-2011)
|
Name |
|
No. of shares |
|
Eurostar Diamonds International S.A. L-1724 Luxembourg, Boulevard, Prince Henri 9B, Luxembourg. |
|
82,612,434 |
|
Sachin Dinukumar MEHTA |
|
1 |
|
|
|
––––––––– |
|
|
Total: |
82,612,435 ======== |
(As per registry dated 06-07-2011)
|
Name (Nationality) |
Address |
|
Sachin Dinukumar MEHTA |
Fazantenlaan, 39-2610 Antwerp (Wilrijk), Belgium. |
|
Kunal MEHTA |
Eekhoornlaan, 25-2610 Antwerp (Wilrijk), Belgium. |
|
Kaushik Kirtilal MEHTA |
Eekhoornlaan, 25-2610 Antwerp (Wilrijk), Belgium. |
|
FONG Wah Kai |
Unit 11-10-2, 11 Gurney Drive, No. 11, Persiaran Gurney, Penang 10250,
Malaysia |
|
FONG Wern Sheng |
Unit 11-10-2, 11 Gurney Drive, No. 11, Persiaran Gurney, Penang 10250,
Malaysia |
(As per registry dated 06-07-2011)
|
Name |
Address |
Co. No. |
|
Jetwell Secretarial Services Ltd. |
13/F., Sun House, 181 Des Voeux Road Central, Hong Kong. |
0642062 |
The subject was incorporated on 6th July, 2001 as a private limited
liability company under the Hong Kong Companies Ordinance.
Initially the subject was located at Unit 601, 6/F., Wanchai Central
Building, 89 Lockhart Road, Wanchai, Hong Kong.
Moved to Rooms 1501-1502, 15/F., Lane Crawford House, 70 Queen’s Road
Central, Hong Kong in late 2001.
The subject moved to the present address in October 2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Wholesaler and Exporter.
Lines: Precious
stones, diamonds, jewellery, rubies, sapphires, etc.
Employees: 8.
Commodities Imported: Imported from Belgium, India, etc.
Markets: China,
other Asian countries, Europe, US, etc.
Terms/Sales:
As per contracted.
Terms/Buying: L/C,
D/P and T/T.
Nominal Share Capital: HK$100,000,000.00 (Divided into 100,000,000
shares of HK$1.00 each)
Issued Share Capital: HK$82,612,435.00
Indebtedness: HK$12,477,916.70 (Total amount outstanding on all mortgages
and charges as per last Annual Return dated 06-07-2011)
Mortgage or Charge: (See
attachment)
Profit or Loss: Making a small profit every year.
Condition:
Keeping in a
satisfactory manner.
Facilities: Making rather active use of general banking
facilities.
Payment: Met
trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
Standard Chartered Bank (Hong Kong)
Ltd., Hong Kong.
KBC Bank N.V., Hong Kong Branch.
Antwerpse DiamantBank NV (also known as
Antwerp Diamond Bank NV), Hong Kong Branch.
Standing:
Normal.
Incorporated on 6th July, 2001, Eurostar (Far East) Ltd. is a private
limited company wholly owned by Eurostar Diamonds International S.A., a
Luxembourg-based firm. The subject is a
member of the Eurostar Group of companies.
The subject is trading in diamonds, jewellery, rubies, sapphires and
other precious stones. Raw materials are
imported from Belgium, other European countries and India. After processing in Hong Kong, China, or
Belgium, products are exported to Asian countries, Europe and the United States. Business is active.
The subject’s directors, Mr. Sachin Dinukumar Mehta and Kaushik Kirtilal
Mehta, are Belgian residing in Antwerp.
The two Mehtas are also CEOs of Eurostar Diamond Traders NV which is a
Belgium-based company.
Now, the Eurostar Group has had associated companies in the United
States, Belgium, China, India, the United Arab Emirates, etc.
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 Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during
the period of 16th to 20th February, 2012.
The history of the subject in Hong Kong is over ten years and seven
months.
On the whole, consider the subject good for normal business engagements.
Property information of
the company:-
Property Location: Unit 2 on 7/F., Nine Queen’s Road
Central, Hong Kong.
Owner: Eurostar (Far East) Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
06-05-2011 |
- |
Standard Chartered Bank (Hong Kong) Ltd., Hong Kong. |
Legal charge to secure general banking facilities |
|
Date |
Particulars |
Amount |
|
06-05-2011 |
Instrument: Legal Charge/Mortgage Property: 949,400/8,133,301st parts or shares of and in 500/23,086th parts or shares
of and in The Remaining Portion of Section A of Marine Lot No. 102, Section C
of Marine Lot No. 103, The Remaining Portion of Marine Lot No. 101, The
Remaining Portion of Marine Lot No. 514, Section A of Marine Lot No. 101,
Section B of Marine Lot No. 101 and The Remaining Portion of Section C of
Marine Lot No. 101 (Unit 2 on 7/F. of Nine Queen’s Road Central, Hong Kong.) Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
All monies, obligations and liabilities |
|
04-11-2011 |
Instrument: Debenture Property: 1) Fixed Charges: (i) by
way of first legal mortgage; (ii) by way of first fixed charge all Property
and all licences; (iii) by way of first fixed charge all plant and machinery;
(iv) by way of first fixed charge all computers, vehicles, office equipment
and other equipment; (v) by way of first fixed charge all the Charged
Securities; (vi) by way of first fixed charge the Security Accounts; (vii) by
way of first fixed charge the Intellectual Property; (viii) to the extent that
any of the Assigned Assets; (ix) by way of first fixed charge the benefit of
all licences, consents, agreements and authorisations; and (x) by way of
first fixed charge all of the goodwill and uncalled capital of the Chargor 2) Security Assignments:
the Chargor assigns and agrees to assign as beneficial owner absolutely all
its present and future right, title and interest Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
All and any present and future obligations, liabilities and indebtedness |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.33 |
|
|
1 |
Rs.77.41 |
|
Euro |
1 |
Rs.64.84 |
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 |
|
-- |
NB |
New Business |
-- |
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.