MIRA INFORM REPORT
|
Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
REVA GEMS & JEWELS LIMITED |
|
|
|
|
Registered Office : |
Flat/Rm 615, 6th
Floor, Beverley Commercial Centre, 87-105
Chatham Road South, Tsim Sha Tsui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
05.06.2009 |
|
|
|
|
Com. Reg. No.: |
1343324 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
LINE OF BUSINESS : |
TRADING OF DIAMONDS. |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 has no tariffs on imported goods, and it levies excise duties on
only four commodities, whether imported or produced locally: 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, its continued reliance on foreign
trade and investment leaves it vulnerable to renewed global financial market
volatility or a slowdown in the global economy. 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 12% of total system
deposits in Hong Kong by the end of 2013. 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 total trade 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. Credit expansion and tight housing supply conditions have
caused Hong Kong property prices to rise rapidly; consumer prices increased by
more than 4% in 2013. 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. In 2013, Hong Kong and China signed new agreements under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from January 2014,
cover services and trade facilitation, and will improve access to the
mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Contact
Points
|
Company Name: |
REVA GEMS &
JEWELS LIMITED |
|
Supplied Name: |
REVA GEMS & JEWELS LTD |
|
Trading Address: |
Flat/Rm 615, 6th Floor, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong |
|
Supplied Address: |
ROOM 615, 6/F, VEVERLY COMM CENTER, 87-105, CHATAM ROAD, SOUTH TST, KOWLOON, HONGKONG |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered
Address: |
|
|
Telephone Number: |
+852-2366-4119 |
|
Fax Number: |
+852-2139-8234 |
|
Date of
Registration: |
2009-6-5 |
|
Registered Number: |
1343324 |
|
Business
Registration No.: |
50758366 |
|
Paid-up Capital: |
HKD 4,222,000 (USD
544,638) = 4,222,000 Shares@ HKD 1 (As of 2014.12, 1
HKD = 0.129 USD) |
|
Legal Form: |
Private Limited
Liability Company |
|
SITC Code: |
66729--Diamonds,
non-industrial, otherwise worked, but not mounted or set (cm) |
|
Principal
Activities: |
Trading of
diamonds. |
|
Staff: |
N/A |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2014-6-5 |
Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
History
Subject was
incorporated on 2009-6-5 with the registered number 1343324 as Private Limited
Liability Company in Hong Kong.
Corporate
Structure
Subject did not introduce whether it has any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Dusad Ankit |
4,222,000 |
100% |
|
Total |
4,222,000 |
100% |
Major Shareholder Information:
|
Name: |
Dusad Ankit |
|
Address: |
Rm. No. 75 A, 5/F,
South East Mansion, 75-77 Kimberley Road, Tsim Shat Sui, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Dusad Ankit |
|
Address: |
Rm. No. 75 A, 5/F,
South East Mansion, 75-77 Kimberley Road, Tsim Shat Sui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R815634(3) |
|
2 |
|
|
Name: |
Buttar Secretarial
Limited |
|
Address: |
Unit 13, 16/F,
Asia Trade Centre, No. 79 Lei Muk Road, Kwai Chung, N. T, Hong Kong |
|
Position: |
Corporate
Secretary |
|
Registered Number: |
2086550 |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Flat/Rm 615, 6th
Floor, Beverley Commercial Centre,
87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Office No.15 On
6th Floor Beverley Commercial
Centre Nos.87-105 Chatham
Road South Kowloon |
|
Owners: |
Chhabria, Rajesh
Motiram |
|
Memorial Number: |
10102902080010 Assignment |
|
Date of
Instrument: |
2010-10-8 |
|
Date of
Registration: |
2010-10-29 |
|
Consideration
Value: |
HKD 1,380,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
10092902490044 |
|
Date of
Instrument: |
2010-9-15 |
|
Date of
Registration: |
2010-9-29 |
|
Nature: |
Agreement For Sale
And Purchase |
|
In Favor of: |
Chhabria Rajesh
Motiram |
|
Consideration: |
|
|
2 |
|
|
Memorial No.: |
10091302270080 |
|
Date of
Instrument: |
2010-9-2 |
|
Date of
Registration: |
2010-9-13 |
|
Nature: |
Provisional
Agreement For Sale And Purchase |
|
In Favor of: |
Chhabria, Rajesh
Motiram |
|
Consideration: |
HKD 1,380,000.00 |
|
3 |
|
|
Memorial No.: |
UB5872123 |
|
Date of
Instrument: |
1993-12-8 |
|
Date of
Registration: |
1993-12-20 |
|
Nature: |
Agreement For Sale
And Purchase |
|
In Favor of: |
Lam Yiu Hing |
|
Consideration: |
HKD 1,120,000.00 |
Production
Information
·
The
subject is a trader of diamonds without any production activities.
Purchase
Information
·
It is
introduced that subject imports its products without any production activities.
Sales Information
·
The
subject is mainly engaged in sales of diamonds
·
Subject’s
major products are rough diamonds
·
Subject’s
selling territory includes Asia, Europe, America and etc.
·
Subject’s
major customers are jewelry designers, manufacturers and etc.
·
Subject’s
products are applied to rings, earrings, necklace and etc.
Settlements
Purchase
1. Domestic Purchase
The subject has
little purchases in domestic market.
2. Import
|
Products |
Diamond |
|
Payment Terms |
T/T, L/C and etc |
Sales
1. Domestic Markets
|
Product |
Diamond |
|
Selling Terms |
T/T, Cash and etc |
2. Export
|
Product |
Diamond |
|
Selling Terms |
T/T, L/C and etc |
Financial
Information
The subject has no obligation to supply its financial statement to the third
party according to the relevant policy in Hong Kong and the only source from
which we can obtain the information is the subject itself.
Subject’s relevant
staff Mr. Ankit rejected to disclose the financial information, from other
sources we could not obtain such information, either.
Bankers
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Public
|
2012-07-11 |
|
|
Court Name: |
Magistrates' Courts |
|
Court No.: |
KTS6193 |
|
Claimant: |
KTS6193/2012 |
|
Defendant: |
REVA GEMS &
JEWELS LIMITED Failing to furnish
Profits Tax Return (Letter of
Authorisation (Company)) |
Mortgage Record
No mortgage record
of subject was found.
Special
Note
Interview Details
|
Name |
Mr. Ankit |
|
E-mail: |
Industry
Information
66729--Diamonds,
non-industrial, otherwise worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab
Emirates |
96,110 |
728,817 |
662,210 |
4,475,744 |
|
Armenia |
-- |
-- |
461 |
1,049 |
|
Australia |
1,756 |
23,658 |
3,733 |
54,816 |
|
Belgium |
84,515 |
1,239,263 |
423,171 |
6,622,381 |
|
Canada |
476 |
2,771 |
2,771 |
48,195 |
|
Switzerland |
8,077 |
206,582 |
32,377 |
858,188 |
|
Germany |
709 |
2,321 |
12,087 |
20,158 |
|
Britain |
1,277 |
88,340 |
9,442 |
386,120 |
|
Israel |
65,772 |
1,433,655 |
360,130 |
8,238,886 |
|
India |
981,536 |
4,727,211 |
5,338,417 |
26,201,042 |
|
Malaysia |
3,860 |
18,103 |
19,791 |
137,275 |
|
USA |
129,016 |
1,115,405 |
703,068 |
6,169,441 |
|
The Mainland of
China |
114,204 |
798,063 |
516,495 |
3,689,202 |
|
Exports |
||||
|
United Arab
Emirates |
-- |
-- |
53 |
749 |
|
Israel |
-- |
-- |
50 |
24,803 |
|
-- |
-- |
3 |
116 |
|
|
Singapore |
-- |
-- |
17 |
208 |
|
Belgium |
13 |
4,441 |
249 |
67,929 |
|
Thailand |
-- |
-- |
251 |
732 |
|
USA |
33 |
924 |
465 |
35,419 |
|
The Mainland of
China |
157 |
184 |
2,711 |
8,359 |
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic
Exports |
Re-exports |
Total
exports |
Year-on-year
% change of Total exports |
Merchandise
trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures have been rounded to
the nearest final digit after summing up the constituent trade figures.
Attachment
Flat/Rm 615, 6th
Floor, Beverley Commercial Centre, 87-105
Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
Flat/Rm 615, 6th
Floor, Beverley Commercial Centre,
87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
Flat/Rm 615, 6th
Floor, Beverley Commercial Centre,
87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
Flat/Rm 615, 6th Floor, Beverley Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.93 |
|
|
1 |
Rs.97.39 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.