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Report Date : |
17.09.2013 |
IDENTIFICATION DETAILS
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Name : |
GBJM LTD. |
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Registered Office : |
Unit D3, 6/F., Phase 1, Kaiser Estate, 41 Man Yue Street, Hunghom, Kowloon, |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.02.2006 |
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Com. Reg. No.: |
36457500 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
TRADER OF ALL KINDS OF DIAMOND, JEWELLERY PRODUCTS, JADE
PRODUCTS. |
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No. of Employees : |
05 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
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 |
HONG KONG - 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 levies
excise duties on only four commodities, namely: hard alcohol, tobacco,
hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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 9.1% of total system deposits in Hong Kong by the end of 2012,
an increase of 59% from the previous 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 34.9
million in 2012, 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 2012 mainland Chinese companies constituted about
46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for
about 57.4% 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, and less than 2% in 2012.
Credit expansion and tight housing supply conditions caused Hong Kong property
prices to rise rapidly and inflation to rise 4.1% in 2012. 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
GBJM
LTD.
ADDRESS: Unit D3, 6/F., Phase 1, Kaiser Estate, 41 Man Yue Street, Hunghom, Kowloon, Hong Kong.
PHONE: 852-2303 1133
FAX: 852-2764 4927
Managing Director: Mr. Chung Hou, Adam
Incorporated on: 17th February, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Diamond & Jewellery Trader.
Employees: 5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Address:-
c/o Hoey Nominees Ltd.
Unit E, 12/F., Tak Lee Commercial Building, 113-117 Wanchai Road, Wanchai, Hong Kong.
Head Office:-
Unit D3, 6/F., Phase 1, Kaiser Estate, 41 Man Yue Street, Hunghom, Kowloon, Hong Kong.
Associated
Companies:-
Buddy & Co. Ltd., Hong Kong. (Same address)
36457500
1024757
Managing Director: Mr. Chung Hou, Adam
Contact Person: Ms. Wendy Ng
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 17-02-2013)
|
Name |
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No. of share |
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CHUNG Hou, Adam |
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1 = |
(As per registry dated 17-02-2013)
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Name (Nationality) |
Address |
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CHUNG Wei Yuan |
Flat A, 11/F., 2-4 Observatory Court, Tsimshatsui, Kowloon, Hong Kong. |
|
CHUNG Hou, Adam |
Flat A, 11/F., 2-4 Observatory Court, Tsimshatsui, Kowloon, Hong Kong. |
(As per registry dated 17-02-2013)
|
Name |
Address |
Co. No. |
|
Hoey Nominees Ltd. |
Unit E, 12/F., Tak Lee Commercial Building, 113-117 Wanchai Road, Hong Kong. |
0114477 |
The subject was incorporated on 17th February, 2006 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 & Jewellery Trader.
Lines: All kinds of jewellery products, jade products, etc.
Employees: 5.
Commodities Imported: India, China, Europe, etc.
Markets: Hong Kong, Southeast Asia, Europe, North America, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C or as per contracted.
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: 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.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued just only one ordinary share of HK$1.00, GBJM Ltd. is wholly owned by Mr. Chung Hou, Adam who is a Taiwan merchant. He and his family member Mr. Glen Chung Wei Yuan are the directors of the subject. Both of the Chungs are Taiwan merchants. They are Taiwan passport holders and do not have the right to reside in Hong Kong permanently.
Your given phone number 852-2303 1133 belongs to the subject but your given fax number is not correct.
The subject has had an associated company Buddy & Co. Ltd. [Buddy] a Hong Kong-registered company located at the same address. Incorporated on 21st December, 1989, Buddy and the subject are engaged in the same lines of business.
The subject is trading in the following commodities: Jewellery - Gold, Jewellery - Silver, Gemstones, Jade, etc.
Finished products are marketed in Hong Kong, exported to Taiwan, Southeast Asia, Europe, North America, etc.
It also imports diamonds from India and Europe. Business is normal.
The subject’s business is chiefly handled by Ms. Wendy Ng who is a Hongkongnese.
As the history of the subject is over seven years and six months in Hong Kong, on the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.48 |
|
|
1 |
Rs.99.66 |
|
Euro |
1 |
Rs.83.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
-- |
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.