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Report Date : |
01.09.2012 |
IDENTIFICATION DETAILS
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Name : |
AMC (HK) HOLDINGS
LTD. |
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Registered Office : |
Room 1901-1902, 19/F., The Galleria, 9 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.10.2004 |
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Com. Reg. No.: |
35063932 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
TRADER OF ALL KINDS OF DIAMONDS, ETC. |
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No. of Employees : |
8 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC Classification |
|
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 |
ECONOMIC OVERVIEW
Hong Kong has a free market
economy, highly dependent on international trade and finance - the value of
goods and services trade, including the sizable share of re-exports, is about
four times GDP. Hong Kong's open economy left it exposed to the global economic
slowdown that began in 2008. Although increasing integration with China,
through trade, tourism, and financial links, helped it to make an initial
recovery more quickly than many observers anticipated, it again faces a
possible slowdown as exports to the Euro zone and US slump. The Hong Kong
government is promoting the Special Administrative Region (SAR) as the site for
Chinese renminbi (RMB) internationalization. Hong
Kong residents are allowed to establish RMB-denominated savings accounts;
RMB-denominated corporate and Chinese government bonds have been issued in Hong
Kong; and RMB trade settlement is allowed. The territory far exceeded the RMB
conversion quota set by Beijing for trade settlements in 2010 due to the growth
of earnings from exports to the mainland. RMB deposits grew to roughly 7.8% of
total system deposits in Hong Kong by the end of 2011, an increase of over 59%
since the beginning of the year. The government is pursuing efforts to
introduce additional use of RMB in Hong Kong financial markets and is seeking
to expand the RMB quota. The mainland has long been Hong Kong's largest trading
partner, accounting for about half of Hong Kong's exports by value. Hong Kong's
natural resources are limited, and food and raw materials must be imported. As
a result of China's easing of travel restrictions, the number of mainland
tourists to the territory has surged from 4.5 million in 2001 to 28 million in
2011, outnumbering visitors from all other countries combined. Hong Kong has
also established itself as the premier stock market for Chinese firms seeking
to list abroad. In 2011 mainland Chinese companies constituted about 43% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 56% of the
Exchange's market capitalization. During the past decade, as Hong Kong's
manufacturing industry moved to the mainland, its service industry has grown
rapidly. Growth slowed to 5% in 2011. Credit expansion and tight housing supply
conditions caused Hong Kong property prices to rise rapidly in 2010 and
inflation to rise 5.3% in 2011. Lower and middle income segments of the
population are increasingly unable to afford adequate housing. Hong Kong
continues to link its currency closely to the US dollar, maintaining an
arrangement established in 1983.
Source : CIA
AMC (HK) HOLDINGS
LTD.
Room 1901-1902,
19/F., The Galleria, 9 Queen’s Road Central, Hong Kong.
PHONE: 2868 1200
FAX: 2868 0633
Managing
Director: Mr. Huang Han Ming
Incorporated on: 27th October, 2004.
Organization: Private
Limited Company.
Capital: Nominal: HK$53,420,000.00
Issued: HK$53,416,816.00
Business Category:
Diamond Trader.
Employees: 8.
Main Dealing
Banker: Antwerp Diamond Bank NV,
Hong Kong Branch.
Banking
Relation: Satisfactory.
Registered Head Office:-
Room 1901-1902,
19/F., The Galleria, 9 Queen’s Road Central, Hong Kong.
P.C. Investments S.A.-SPF,
Luxembourg.
AMC - Daneel Diamonds Venture (Pty) Ltd., South Africa.
AMC - Gemxcel Diamonds (Pty) Ltd., Nambia.
AMC (Zhuhai) Diamond Manufacturing Co. Ltd., China.
AMC Diamond
Singapore Pte. Ltd., Singapore.
AMC Diamonds India
Pvt. Ltd., India.
AMC Diamonds Ltd.,
United Kingdom.
AMC Diamonds
Shanghai Co. Ltd., China.
AMC DMCC LLC, UAE.
AMC NV, Belgium.
Wang Pin Diamond
Co. Ltd., Taiwan.
35063932
0930039
Managing
Director: Mr. Huang Han Ming
Sales
Contact: Ms. Leung
Nominal Share
Capital: HK$53,420,000.00 (Divided into 53,420,000 shares of HK$1.00 each)
Issued Share
Capital: HK$53,416,816.00
(As per registry dated 27-10-2011)
|
Name |
|
No.
of shares |
|
P.C. Investments S.A.-SPF 9B, BD Prince Henri L-1724, Luxembourg. |
|
53,416,816 ======== |
(As per registry dated 27-10-2011)
|
Name (Nationality) |
Address |
|
HUANG Han Ming |
Room A802, China Diamond Exchange Center,
1701 Century Boulevard Shanghai, China. |
|
Avi GUTFREUND |
Haatzmaout 36, Petach Tikwa 43979, Israel. |
(As per registry dated 30-05-2012)
|
Name |
Address |
Co.
No. |
|
Lehmanbrown Hong Kong Ltd. |
Room 1902, 19/F., Asia Orient Tower, 33 Lockhart Road, Wanchai, Hong Kong. |
1338928 |
The
subject was incorporated on 27th October, 2004 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.
Activities: Diamond Trader.
Lines: All kinds of diamonds, etc.
Employees: 8.
Commodities
Imported: Europe, India, etc.
Markets: Hong Kong, China, Taiwan, other Asian
countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share
Capital: HK$53,420,000.00 (Divided
into 53,420,000 shares of HK$1.00 each)
Issued Share
Capital: HK$53,416,816.00
Mortgage or
Charge: (See attachment)
Profit or Loss: Making a profit every year.
Condition: Business is active in Hong Kong.
Facilities: Making active use of general
banking facilities.
Payment: Met trade
commitments as required.
Commercial
Morality: Satisfactory.
Banker: Antwerp Diamond Bank NV, Hong Kong
Branch.
Standing: Normal.
Having
issued 53,416,816 ordinary shares of HK$1.00 each, AMC (HK) Holdings Ltd. is a
wholly-owned subsidiary of P.C. Investments S.A.-SPF which is a
Luxembourg-based company.
The
subject is a diamond trader.
The
subject is a member of the AMC Group [AMC/Group] of companies. Its headquarters are in Antwerp, Belgium.
AMC
is a leading provider of polished, certified diamonds. It is a Diamond Trading Company [DTC] Sightholder.
Headquartered
in Antwerp since 1988, AMC is a manufacturer of a range of quality diamonds
with technologically sophisticated factories in Belgium, Namibia, South Africa
and China.
With
manufacturing on three continents and an office in every major diamond centre,
AMC has developed close business ties with its customers worldwide.
AMC’s factory in China is known
as AMC (Zhuhai) Diamond Manufacturing Co. Ltd.
AMC
is able to supply customers with specialist branded diamonds with full
marketing and promotion package, such as: Forevermark;
Destinée; Atlantis Namibian Diamonds.
The
subject has had a main associated company AMC Diamonds Shanghai Co. Ltd. [AMC
Shanghai] which is in Shanghai, China.
The
Group’s subsidiary in Taiwan is known as Wang Pin Diamond Co. Ltd. which is
responsible for marketing AMC’s products in
Taiwan. The Taiwan firm is operating
four retailing outlets in Taiwan.
In
order to penetrate the international market further, AMC 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 2013”
which will be held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 5th to 9th March,
2013.
The
annual sales turnover of the subject is quite significant. Business is profitable. The contact person Ms Leung is a Hongkongnese.
As
the history of the subject is over seven years in Hong Kong, on the whole,
consider it good for normal credit business engagements.
|
Date |
Particulars |
Amount |
|
22-09-2008 |
Instrument: Debenture
(the Debenture) Property: 1) All stocks shares bonds and securities of
any kind whether marketable or otherwise and all other interests including
loan capital of the company 2) All book and other debts revenues and
claims 3) The uncalled capital goodwill and all
patents patent applications trade marks trade names refistered
designs and copyrights and all licences and
ancillary and connected rights relating to the intangible property 4) The undertaking and all other assets of the
company Mortgagee: Antwerpse DiamantBank NV, (also
known as Antwerp Diamond Bank NV), Hong Kong Branch. |
All money and the discharge of all obligations and liabilities. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.72 |
|
UK Pound |
1 |
Rs.87.95 |
|
Euro |
1 |
Rs.69.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NLM |
RATING EXPLANATIONS
|
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 |
|
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 |
-- |
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.