MIRA
INFORM REPORT
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Report Date : |
22.12.2014 |
IDENTIFICATION DETAILS
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Name : |
SEVENSTAR GEMS LIMITED |
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Registered Office : |
1607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
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Country : |
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Date of Incorporation : |
26.08.2008 |
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Com. Reg. No.: |
1267487 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
TRADING
OF DIAMONDS |
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No. of Employee : |
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
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
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 |
Contact
Points
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Company Name: |
SEVENSTAR GEMS LIMITED |
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Supplied Name: |
SEVENSTAR GEMS LIMITED |
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Supplied Address: |
1607 Rise Coml Bldg., 5-11 Granville Circuit, Tsim Sha Tsui, Kowloon |
Notes: The
supplied address is subject’s former address, however, we cannot provide
present address since the subject refused to disclose its current address for
us.
Special
Notes
We made an on-site visit to the supplied
address, and found that subject was not at this location
And we contacted with the subject through the
supplied mobile number +852-9037-3156, the gentleman who answered the phone,
confirmed the name and operation information for us, and he also introduced
that the supplied address is subject’s former address, and subject has changed
its address, however, he didn’t introduce subject’s current address for us, and
we didn’t find any relevant information from any valid sources.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
1607 Rise Commerical Building., 5-11
Granville Circuit, Tsim Sha Tsui, Kowloon, Hong Kong |
|
Telephone Number: |
+852-9037-3156 |
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Date of Registration: |
2008-8-26 |
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Registered Number: |
1267487 |
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Business Registration No.: |
39722518 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2014.10, 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) |
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Principal Activities: |
Trading of diamonds and etc |
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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: |
2014-8-26 |
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
History
Subject was incorporated on 2008-8-26 with the
registered number 1267487 as Private Limited Liability Company in
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 (%) |
|
|
Jain Sanjay Kumar |
5,000 |
50% |
|
Jain Arjita |
5,000 |
50% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
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Name: |
Jain Sanjay Kumar |
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Address: |
B-3/F, Ka |
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2 |
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Name: |
Jain Arjita |
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Address: |
345 Sobhash Colony, OPP, Khandelwal College,
Shastri Nagar, Jaipur (Raj), India |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Jain Sanjay Kumar |
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Address: |
B-3/F, Ka Wing Building, 27 Granville Road,
Tsim Shat Sui, Kowloon, Hong Kong |
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Position: |
Director |
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Passport Number: |
F8386886 |
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Issuing Country: |
India |
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2 |
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Name: |
Jain Arjita |
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Address: |
345 Sobhash Colony, OPP, Khandelwal College,
Shastri Nagar, Jaipur (Raj), India |
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Position: |
Director |
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Passport Number: |
F8387047 |
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Issuing Country: |
India |
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3 |
|
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Name: |
Kossilon Links Services Limited |
|
Address: |
Room 1204-12-5, 12/F, Overseas Trust Bank
Building, 160 Gloucester Road, Wanchai, Hong Kong |
|
Position: |
Corporate Secretary |
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Registered Number: |
1542723 |
Operation
Information
Offices & Factories
Since the subject declined to introduce its
current address for us and we didn’t find any relevant information from any
valid sources, either, we cannot provide subject’s current address at this
stage.
Premises Information
Since we cannot confirm subject’s current
address, we can’t provide the premise information.
Production Information
The subject is a trader of diamonds and etc
without any production activities.
Purchase Information
It is introduced that subject imports its
products from India and etc.
Sales Information
The subject is mainly engaged in sales of
diamonds and etc.
It is introduced that subject’s major products
are loose diamonds and etc.
Subject’s selling territory includes domestic
and oversea markets.
Subject’s major customers are manufacturers
and designers of jewelry and watch, etc.
Settlements
Purchase
Domestic Purchase
The subject has little purchase in domestic
market.
Import
|
Products |
Diamonds |
|
Payment Terms |
T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Diamonds |
|
Selling Terms |
T/T |
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 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
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of the
subject has been found.
|
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
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm)
Unit: HKD/000
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|
2014.05 |
2014.01~2014.05 |
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Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
96,110 |
728,817 |
662,210 |
4,475,744 |
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Armenia |
-- |
-- |
461 |
1,049 |
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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 |
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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 |
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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 Trade Information:
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
We made an on-site visit to the supplied
address, and found that subject was not at this location.
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui, Kowloon,
Hong Kong
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong
607 Rise Commerical Building., 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.07 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.77.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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Report Prepared
by : |
TPT |
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.