MIRA INFORM REPORT
|
Report Date : |
13.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
WINDIAM ASIA LIMITED |
|
|
|
|
Registered Office : |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street, Central |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
12.12.2007 |
|
|
|
|
Com. Reg. No.: |
1194812 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Diamonds |
|
|
|
|
No. of Employees : |
About10 Employees |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONGKONG - 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 |
Company
name
|
Company
Name (in English): |
Windiam Asia Limited |
|
Supplied
Name: |
WINDIAM
ASIA LTD |
|
Trading
Address: |
Unit A
& B, 14/F., World Trust Tower Building, 50 Stanley Street, Central, Hong
Kong |
|
Supplied
Address: |
UNIT A/B 14TH
FLOOR, WORLD TRUST TOWER, 50 STANELY STREET, CENTRAL ST. HONGKONG |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong |
|
Telephone Number: |
+852-2526-2110/ 6379-3437 |
|
Fax Number: |
+852-2526-2281 |
|
E-mail: |
|
|
Date of Registration: |
2007-12-12 |
|
Registered Number: |
1194812 |
|
Business Registration No.: |
38793043 |
|
Registered Capital: |
HKD 1,220,000 (USD 157,380) (As of 2014.11, 1 HKD = 0.1290 USD) |
|
Paid-up Capital: |
HKD 1,211,568 (USD 156,292) = 1,211,568 Shares@ HKD 1 |
|
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: |
About10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-12-12 |
History
Subject was incorporated on 2007-12-12 with
the registered number 1194812 as Private Limited Liability Company in Hong
Kong.
Change of Name:
|
Date |
Change |
|
2012-11-21 |
Windiam Asia Limited |
|
2011-7-28 |
Windiam Asia Limited |
|
2007-12-12 |
Wa Limited |
Corporate
Structure
Major Related Companies
|
1 |
|
|
Name: |
Windiam Bvba |
|
Address: |
Hoveniersstraat 53 box 18, 2018 Antwerp,
Belgium |
|
Tel: |
+32-3-226-6444 |
|
Fax: |
+32-3-226-6200 |
|
2 |
|
|
Name: |
Windiam Israel |
|
Address: |
Yahalom Building, office 2678, 21 Tuval
Street, POB 3079, 52130 Ramat Gan, Israel |
|
Tel: |
+972-3-751-9492 |
|
Fax: |
+972-3-752-3918 |
|
3 |
|
|
Name: |
Windiam USA |
|
Address: |
Suite 611, 580, 5th Avenue, New York 10036,
USA |
|
Tel: |
+1-212-542-0949 |
|
Fax: |
+1-212-731-9463 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Mr. Alon Garty |
605,784 |
50% |
|
Mr. Gon Raz |
302,892 |
25% |
|
Mr. Alexander Jaffe |
302,892 |
25% |
|
Total |
1,211,568 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Mr. Alon Garty |
|
Address: |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong |
|
2 |
|
|
Name: |
Mr. Gon Raz |
|
Address: |
Meerlenlaan 35 2610, Wilrijk, Belgium |
|
3 |
|
|
Name: |
Mr. Alexander Jaffe |
|
Address: |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Mr. Alon Garty |
|
Address: |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong |
|
Position: |
Director |
|
Passport Number: |
11359735 |
|
Issuing Country: |
Israel |
|
2 |
|
|
Name: |
Finetune Corporate Services Limited |
|
Address: |
Room 705 & 706, 7/F., China Insurance
Group Building, No.141 Des Voeux Road, Central, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
824591 |
|
E-mail: |
|
Former Corporate Secretary
|
Name: |
Hopewell Secretarial Services Limited |
|
Address: |
Room 6, 10/F., Manley Commercial Building,
367-375 Queen’s Road Central, Sheung Wan, Hong Kong |
|
Registered Number: |
251778 |
|
E-mail: |
|
|
Date of Resignation: |
2014-4-16 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong |
Premises
Information
Office address:
|
Address: |
14th Floor, World Trust Tower,
No.50 Stanley Street Hong Kong |
|
Owners: |
Kennoway Company Limited |
|
Memorial Number: |
UB5920406 Remarks: DEED OF PARTITION & ASGT. WITH
PLAN RE 8336/10000 SHARES BY 1ST, 3RD- 6TH OWNERS NOW SOLE OWNER |
|
Date of Instrument: |
1994-1-26 |
|
Date of Registration: |
1994-2-17 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
UB8589038 |
|
Date of Instrument: |
2001-12-28 |
|
Date of Registration: |
2002-1-23 |
|
Nature: |
Tenancy agreement with plan for 3 years from
1/1/2002 to 31/12/2004 Remarks: The rent is HKD 32,993.50 per calendar
month with an option to renew for a further term of 3 years |
|
In Favor of: |
Wirtgen Hong Kong Limited |
|
2 |
|
|
Memorial No.: |
UB5923792 |
|
Date of Instrument: |
1992-1-26 |
|
Date of Registration: |
1994-2-21 |
|
Nature: |
Deed of mutual covenant with plans |
|
3 |
|
|
Memorial No.: |
UB5920401 |
|
Date of Instrument: |
1994-1-26 |
|
Date of Registration: |
1994-2-17 |
|
Nature: |
Supplemental joint development agreement
with plan |
Production
Information
· Subject is a trader of diamonds, etc without any production activities.
Purchase
Information
· Subject purchases products mainly from abroad such as India and Europe, etc.
Sales Information
· Subject is engaged in sale of diamonds, etc.
· Subject sells diamonds with the certification of GIA or HRD.
· Subject’s sales region focuses on Asia market.
· Subject’s major customers are independent jewelers, watch and jewelry manufacturers and groups, etc.
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamonds, etc |
|
Payment Terms |
T/T, etc |
Sales
Domestic Markets
|
Product |
Diamonds, etc |
|
Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Diamonds, etc |
|
Selling Terms |
T/T, 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 rejected to disclose
the financial information; from other sources we could not obtain such
information, either.
Bankers
|
Name: |
The Hongkong and Shanghai Banking Corporation Limited |
|
SWIFT Code: |
HSBCHKHHHKH |
|
400614046201 |
Note: Subject declined to disclose its bank details; the supplied bank
information cannot be confirmed by any other sources.
Public
|
2012-02-07 |
|
|
Court Name: |
High Court Civil Action |
|
Court No.: |
186 |
|
Claimant: |
Windiam Asia Ltd c/o Boughton Peterson Yang Anderson (a firm) |
|
Defendant: |
Mainfame International Ltd t/a Po Lam Jeweller (D1) Wong Siu Fai (D2) c/o Room 1108, 11/F, New World Tower, 16-18 Queen's Road, Central, HK (D1) c/o Flat 2, 5/F, Block C, Wilshire Tower, 200 Tin Hau Temple Road, HK (D2) |
|
Reason: |
Debt |
Mortgage Record
|
Company Name: |
Windiam Asia Limited (the Chargor) |
|
Instrument of Creating Mortgage: |
Charge over securities |
|
Date of Creating Mortgage: |
2012-4-10 |
|
Amount Secured: |
(i) all moneys in any currency owing by the Chargor to the charge at
any time, actually or contingently, in any capacity, alone or jointly with
any other person, (ii) interest on such moneys (both before and after any
demand or judgment), to the date on which the charge receives payment, at the
rates payable by the Chargor or which would have been payable but for any
circumstance which restricts payment, (iii) any expense of the charge in
making payment in respect of the Securities on behalf of the Chargor (but
without the Chargee being under any obligation to do so), as a result of
failure by the Chargor to make such payment when due and (iv) all expenses of
the charge in perfecting or enforcing this Charge. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking Corporation Limited |
|
Address of Mortgagee: |
Head Office, No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All the right, title and interest of the Chargor in and to the Securities. |
Special
Note
Interview Details
|
Department: |
Sales Department |
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 |
Hong Kong External
Trade Information:
Hong Kong 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
World Trust Tower Building, 50 Stanley Street, Central, Hong Kong
World Trust Tower Building, 50 Stanley Street, Central, Hong Kong
Unit A & B, 14/F., World Trust Tower Building, 50 Stanley Street,
Central, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.97.92 |
|
Euro |
1 |
Rs.76.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
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.