MIRA
INFORM REPORT
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Report Date : |
04.01.2012 |
IDENTIFICATION DETAILS
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Name : |
BELLEZA LTD. |
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Registered Office : |
Unit OB, 3/F., Kaiser Estate, Phase 3, 9-11 Hok Yuen Street, Hunghom,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
21.10.2008 |
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Com. Reg. No.: |
39919024 |
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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, etc. |
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No. of Employees : |
8 |
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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
BELLEZA LTD.
Company ADDRESS
Unit OB, 3/F., Kaiser Estate, Phase 3, 9-11 Hok Yuen Street, Hunghom,
Kowloon, Hong Kong.
PHONE: 2626 6178, 2626 6100
FAX: 2626 6078
MANAGEMENT
Managing Director: Mr. Yan Jau
Jong
SUMMARY
Incorporated on: 21st
October, 2008.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
8.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
company ADDRESS
Registered Head
Office:-
Unit OB, 3/F., Kaiser Estate, Phase 3, 9-11 Hok Yuen Street, Hunghom,
Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
39919024
COMPANY FILE NUMBER
1281207
MANAGEMENT
Managing Director: Mr. Yan Jau
Jong
Contact Person: Mr. Willaim Chau
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 21-10-2010)
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Name |
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No. of shares |
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YAN Jau Jong |
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10,000 ===== |
DIRECTORS
(As per registry
dated 13-12-2010)
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Name (Nationality) |
Address |
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YAN Jau Jong |
Unit OB, 3/F., Kaiser Estate, Phase 3, 9-11 Hok Yuen Street, Hunghom,
Kowloon, Hong Kong. |
|
YAN Limei |
Unit OB, 3/F., Kaiser Estate, Phase 3, 9-11 Hok Yuen Street, Hunghom,
Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 21-10-2010)
|
Name |
Address |
Co. No. |
|
Best Corporate Services Consulting Co. Ltd. |
Room 1002-1003, 10/F., Tai Yau Building, 181 Johnston Road, Wanchai,
Hong Kong. |
1312717 |
HISTORY
The subject was incorporated on 21st October, 2008 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, Exporter and Wholesaler.
Lines: All kinds of jewellery,
etc.
Employees: 8.
Commodities Imported: India, other Asian countries, Europe, etc.
Markets: Europe, North America, etc.
Terms/Sales:
L/C or as per
contracted.
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: Making a 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
Having issued 10,000
ordinary shares of HK$1.00 each, Belleza Ltd. is wholly owned by Mr. Yan Jau
Jong. He and Ms. Yan Limei are the
directors of the subject.
The subject is a jewellery
product manufacturer and trader. It is
able to offer customers with a wide range of quality and stylish products. The significant products of the subject are
the followings: bracelets, brooches, earrings, necklaces, rings, pendants,
diamond necklaces, precious stone bracelets, onyx diamond cufflinks, etc. Most of the products are exported to North
America.
The subject has had an
affiliated factory in China.
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 took part in “HKTDC Hong
Kong International Jewellery Show 2011” which had been held in Wanchai, Hong
Kong during 5th to 9th March, 2011.
It is also going to take
part in Hong Kong International Jewellery Show which will be held during the
period of 16th to 20th February, 2012.
The subject’s business is
chiefly handled by the two directors as both of whom belong to the Yan family.
The history of the subject
in Hong Kong is just over two years and nine months.
On the whole, since the
history of the subject is short in Hong Kong, consider it good for normal
business engagements on secured basis.
DIAMOND INDUSTRY –
INDIA
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From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
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The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
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The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises
include spirit of entrepreneurship, mutual trust lowers transaction costs,
small, nimble and quick to react, information as a source of advantage and
philanthropy.
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Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
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The diamond jewellery industry in India today may be
more than Rs 60000 mil and is rated amongst the fastest growing in the
world. Indi ranks third in the world in domestic diamond consumption.
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Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
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Excerpts from Times of India dated 30th
October 2010 is as under –
DIAMOND SAGA – DIRTY DOZEN STUCK WITH 2K CR DEBT
This could be the biggest credibility crisis
the Indian diamond industry has ever faced. Fifteen banks run the risk of
losing Rs 2000 crore lent to a dozen diamond firms in Surat. Until about two
months ago, they had not repaid these dues. Bankers believe many
diamantaires borrowed money during the economic downturn two years ago and
diverted funds to businesses like real estate and capital markets. Many of
themselves made money from these businesses but their diamond companies have
gone sick and declared insolvency.
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Most of the money borrowed from the banks in the name
of their diamond business has been diverted in real estate and the share
market. The banks are not in a position to seize their properties because in
many cases, these were purchased in the name of their relatives and friends.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
|
1 |
Rs.82.87 |
|
Euro |
1 |
Rs.69.13 |
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.