MIRA INFORM REPORT
|
Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
NIKITA GEMS |
|
|
|
|
Registered Office : |
Flat 9, Block A, 9F, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., To
Kwa Wan, Kowloon |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
20.05.2003 |
|
|
|
|
Com. Reg. No.: |
33622918 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Trading of Diamonds |
|
|
|
|
No. of Employees : |
About 10 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 |
|
|
|
|
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 |
Contact
Points
|
Company Name: |
Nikita Gems |
|
Supplied Name: |
NIKITA GEMS |
|
Trading Address: |
Unit 9, 9th Floor, Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road,
Hunghom, Kowloon, Hong Kong |
|
Supplied Address: |
Unit 9 9th Floor Tower A Hunghom Commercial Center 39 MA Tau Wai Road
Hunghom Kowloon |
Note: The exact address is as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat 9, Block A, 9F, Hunghom Commercial
Centre, 39 Ma Tau Wai Rd., To Kwa Wan, Kowloon, Hong Kong |
|
Telephone Number: |
+852-3579-2444 |
|
Fax Number: |
+852-2724-5442 |
|
Date of Registration: |
2003-5-20 |
|
Business Registration No.: |
33622918 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
SITC Code: |
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm) |
|
Principal Activities: |
Trading diamonds |
|
Staff: |
About 10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: We cannot obtain
the registered capital for the companies of Sole Proprietorship. The number of
staff is from public files, which is not confirmed by the subject.
History
Subject was incorporated on 2003-5-20 with the
business registered number 33622918 as Private Limited Liability Company in
Hong Kong.
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Owner
|
Name: |
Banthia Virendra |
|
Address: |
Flat 3A, 3F, Housing Sun Building, 45-47
Carnarvon Rd., Tsim Sha Tsui, Kowloon, Hong Kong |
|
Registered Number: |
R3915181 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Flat 9, Block A, 9F, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., To
Kwa Wan, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit No.9 (Formerly Known As Unit17) On 9th
Floor Of Tower A Hunghom Commercial Centre No.39 Ma Tau Wai Road Kowloon,
Hong Kong |
|
Owners: |
Nikita Trading Limited |
|
Memorial Number: |
10123102420037 Assignment |
|
Date of Instrument: |
2010-12-6 |
|
Date of Registration: |
2010-12-31 |
|
Consideration Value: |
$8,832,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
14032500530126 |
|
Date of Instrument: |
2014-2-27 |
|
Date of Registration: |
2014-3-25 |
|
Nature: |
Mortgage |
|
In Favor of: |
Industrial And Commercial Bank Of China
(Asia) Limited |
|
Consideration: |
All Monies |
|
2 |
|
|
Memorial No.: |
10123102420014 |
|
Date of Instrument: |
2010-10-15 |
|
Date of Registration: |
2010-12-31 |
|
Nature: |
Nomination |
|
In Favor of: |
Nikita Trading Limited |
|
Consideration: |
-- |
|
3 |
|
|
Memorial No.: |
10101902830203 |
|
Date of Instrument: |
2010-9-20 |
|
Date of Registration: |
2010-10-19 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Banthia Virendra |
|
Consideration: |
$8,832,000.00 |
Production
Information
· Subject is engaged in trading of diamonds, etc. without any production activities.
Purchase
Information
· It is introduced that subject’s diamonds are purchased from India.
Sales Information
· Subject is a trader of diamonds, etc.
· The major products of the subject are full cut and polished white diamonds, rough diamonds, and diamond jewelry, etc.
· It is introduced that subject’s sale regions include domestic market and abroad.
· The major customers of the subject are manufacturers of jewelry and watches, and dealers, etc.
Settlements
PURCHASE
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamonds, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Diamonds, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Diamonds, etc. |
|
Selling Terms |
L/C, 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
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
|
Date: |
2013-7-23 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
1870 |
|
Claimant: |
Banthia Virendra trading as NIKITA GEMS DCCJ 1870/2013 |
|
Defendant: |
Wah Ngai Hong Jewelry Company Limited |
|
Reason: |
Summons (For final judgment) |
|
Amount(HKD): |
-- |
|
2 |
|
|
Date: |
2013-5-24 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
1869 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Unit 909, 9/F, Tower A, HungHom Commercial
Centre, 39 Ma Tau Wai Road, Hung Hom, Kln c/o Boase, Cohen & Collins (a firm) |
|
Defendant: |
Hop Shing Jewelry Manufacturing Ltd c/o Unit 6A, Valiant Commercial Building, 22-24
Prat Avenue, Tsim Sha Tsui, Kln |
|
Reason: |
Goods sold and delivered |
|
Amount(USD): |
67,839.00 |
|
3 |
|
|
Date: |
2013-5-24 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
1870 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Unit 909, 9/F, Tower A, HungHom Commercial
Centre, 39 Ma Tau Wai Road, Hung Hom, Kln c/o Boase, Cohen & Collins (a firm) |
|
Defendant: |
Wah Ngai Hong Jewelry Co Ltd c/o Unit 5, 23/F, Enterprise Square Two, No.3
Sheung Yuet Road, Kowloon Bay, Kln |
|
Reason: |
Goods sold and delivered |
|
Amount(USD): |
95,598.45 |
|
4 |
|
|
Date: |
2012-7-17 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1227 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Wongs (a firm) |
|
Defendant: |
Tsang Kam Hung Joseph (D1) Chun Ngai Jewellery Design Co Ltd (D2) c/o Flat A, 3/F, Block B, Cornwall Court, 54
King's Road, HK c/o Flat C, 8/F, Chi Fu Fa Yuen, Pok Fu Lam, HK
(D1) c/o G/F, 73 Wan Chai Road, Wan Chai, HK (D2) |
|
Reason: |
Debt |
|
5 |
|
|
Date: |
2011-6-7 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
008676/11 |
|
Claimant: |
Daga Ashokkuwan (SCTC008676/11) Virendra Banthia Daga Ashokkumar t/a Nikita Gems Vivendia Banthia |
|
Defendant: |
Golden Sharp Jewellery Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
6 |
|
|
Date: |
2011-3-30 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
008676/11 |
|
Claimant: |
Daga Ashokkuwan (SCTC008676/11) Vivendra Banthia Daga Ashokkumar t/a Nikita Gems |
|
Defendant: |
Golden Sharp Jewellery Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
7 |
|
|
Date: |
2010-2-4 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
397 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Ocean View Court, 27 Chartham Road, Tsim Sha
Tsui, Kln c/o Yeong & Co (a firm) |
|
Defendant: |
Prince Creations Jewelry Co Ltd c/o Flat B, 8/F, Valiant Commercial Building, Nos.22-24 Prat Avenue, Tsim Sha Tsui, Kln |
|
Reason: |
Goods Sold and Delivered |
|
Amount(USD): |
27,505.50 |
|
8 |
|
|
Date: |
2006-12-30 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
063584/06 |
|
Claimant: |
Virendra Banthia t/a Nikita Gems (SCTC063584/06) |
|
Defendant: |
Readtain (Int'l) Trading Ltd. c/o Unit 1205, 12/F, Chuang's Hunghom Plaza, 83
Wu Hu Street, Hunghom, Kln |
|
Reason: |
Dishonored Cheque |
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 |
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
Address: Unit 9, 9th Floor, Tower A, Hunghom Commercial Center, 39 MA
Tau Wai Road, Hunghom, Kowloon, Hong Kong
Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road, Hunghom,
Kowloon, Hong Kong
9th Floor, Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road,
Hunghom, Kowloon, Hong Kong
Unit 9, 9th Floor, Tower A, Hunghom Commercial Center, 39 MA Tau Wai
Road, Hunghom, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.