MIRA INFORM REPORT
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Report Date : |
15.12.2014 |
IDENTIFICATION DETAILS
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Name : |
BELLE DIAM LTD. |
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Registered Office : |
Room 902,9/F, |
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Country : |
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Date of Incorporation : |
12.01.2010 |
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Com. Reg. No.: |
51672810 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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No. of Employees : |
Not Available |
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 : |
Unknown |
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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 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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A1 |
A1 |
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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 |
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 |
Company name and address
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Company Name: |
Belle Diam Limited |
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Supplied Name: |
BELLE DIAM LIMITED |
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Supplied Address: |
902/9TH FLOOR, HART AVENUE PLAZA, 5-9 HART AVENUE, T.S.T. KOWLOON |
Special
Note
We made an on-site visit to the supplied address, and found that the supplied address is vacant.
We tried to contact subject many times through the supplied telephone number +852-2369-6612, however this number is a fax number, and we have sent a fax to the subject, and we didn’t have the reply at present.
According to the supplied name and address, we can not find any operation information or other valid contact information of subject.
We found subject’s registration information as follows for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
Room 902,9/F, Hart Avenue Plaza, 5-9, Hart Avenue, Tsim Sha Tsui, Kowloon, Hong Kong |
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Date of Registration: |
2010-1-12 |
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Registered Number: |
1410688 |
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Business Registration No.: |
51672810 |
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Registered Capital: |
HKD 10,000,000 (USD 1290,000) (As of 2014.11, 1 HKD = 0.129 USD) |
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Paid-up Capital: |
HKD 3,000,000 (USD 387,000) = 3,000,000 Shares@ HKD 1 |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-1-12 |
Notes: Since we
didn’t contact subject successfully, the principal activities and staff number
are not available from any sources.
History
Subject was incorporated on 2010-1-12 with the registered
number 1410688 as Private Limited Liability Company in
Corporate Structure
Subject did not
register any subsidiaries or branches, from other source we can not obtain the
relevant information, either.
Shareholders
|
Subscription Shares |
Proportion of
Investment (%) |
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Doshi, Ketan Kumar |
3,000,000 |
100% |
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Total |
3,000,000 |
100% |
Major Shareholder
Information:
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Name: |
Doshi, Ketan Kumar |
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Address: |
Flat 6, 12/F, |
Management Information
Core Management
Detailed Information
of Directors:
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1 |
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Name: |
Doshi, Ketan Kumar |
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Address: |
Flat 6, 12/F, |
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Position: |
Director |
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ID Number: |
R876354(1) |
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2 |
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Name: |
Ponce Bayani Divino Batista |
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Address: |
Flat A, 8/F, Tower 5, |
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Position: |
Corporate Secretary |
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Registered Number: |
P293411(A) |
Operation Information
Since we failed to contact with the subject, the operation information is not available from any sources.
Settlements
Since we didn’t contact subject successfully, the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully, the financial information is not available from any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is not available from any sources.
Public
Mortgage Record
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Company Name: |
Belle Diam Limited (“the company”) |
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Instrument of Creating Mortgage: |
Mortgage |
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Date of Creating Mortgage: |
2013-2-28 |
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Amount Secured: |
To secure all moneys in respect of general facilities and interest thereon granted to Belle Diam Limited by the mortgagee. |
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Name of Mortgagee: |
DBS Bank (Hong Kong) Limited (“The Mortgagee”) |
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Address of Mortgagee: |
11th Floor, The Center, 99 Queen’s Road Central, Hong Kong |
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Description of Property Mortgaged: |
1/301st part or share of and in THE REMAINTING PORTION OF KOWLOON INLAND LOT NO. 8247 and of and in the messuages, erections and buildings thereon designated as WINDSOR MANSION and UNION MANSION and known at the date hereof as Nos. 29-35 Chatham Road TOGETHER with the sole and exclusive right and the privilege to hold use occupy and enjoy ALL THAT FLACT “C” on the 8TH FLOOR of the said WINDSOR MANSION. |
Lawsuits
Up to now, no present or latent
litigation of the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Industry Information
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
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|
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 |
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2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
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2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
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2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
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2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
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2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
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2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
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2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
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2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
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2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
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2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
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2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
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2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
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2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
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2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
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2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
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2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
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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
We made an on-site visit to the supplied address, and found that the supplied address is vacant. And the security guard of the building introduced that the subject has moved away, however, he didn’t know the new address of subject.
Room 902,9/F, Hart Avenue Plaza, 5-9, Hart Avenue, Tsim Sha Tsui, Kowloon, Hong Kong
Room 902,9/F, Hart Avenue Plaza, 5-9, Hart Avenue, Tsim Sha Tsui, Kowloon, Hong Kong
Room 902,9/F, Hart Avenue Plaza, 5-9, Hart Avenue, Tsim Sha Tsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.98.15 |
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Euro |
1 |
Rs.77.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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 |
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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 |
-- |
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.