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Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
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Name : |
BB INTERNATIONAL (HK) LTD. |
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Registered Office : |
c/o Gurung & Shum Business Solutions Ltd., Unit 406B,
4/F, |
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Country : |
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Date of Incorporation : |
03.03.2014 |
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Com. Reg. No.: |
62826498 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is a diamond, gemstone and jewellery trader. |
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No of Employees : |
No employees in NOTE: It is to be noted that
the company does not have its own operating office in |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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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 Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
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Source
: CIA |
NOTE:
The subject is not
located at your “c/o Janson Management Ltd., Room F2-15, 9/F., Phase 2, Hang
Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong”,
where is the operating office of a commercial service provider. It is also the registered address of its
associated company Bodra Gems Ltd., Hong Kong Branch.
BB INTERNATIONAL
(HK) LTD.
ADDRESS:
Registered
Office:-
c/o Gurung &
Shum Business Solutions Ltd.
Unit 406B, 4/F,
Associated
Companies:
Bodra Brothers,
Bodra Gems Ltd.,
Bodra Gems Ltd.,
62826498
2045315
3rd March, 2014.
Nominal Share Capital:
HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$500,000.00
(As
per registry dated 03-04-2014)
|
Name |
|
No.
of shares |
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Rohitkumar Vallabhbhai BODRA |
|
500,000 ====== |
(As
per registry dated 03-04-2014)
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Name (Nationality) |
Address |
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Rohitkumar
Vallabhbhai BODRA |
30, Rajdeep Nagar Soc-2, Singanpore, Char
Rasta Ved Road, Surat City-395004, Gujarat, India. |
(As
per registry dated 03-04-2014)
|
Name |
Address |
|
|
Gurung
& Shum Business Sulutions Ltd. |
Room 406B, 4/F., |
1348317 |
BB International (HK) Ltd. was incorporated on 3rd March, 2014 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 406B, 4/F., Mirror Tower, 61 Mody Road, Tsimshatsui East, Kowloon, Hong Kong known as Gurung & Shum Business Solutions Ltd. which is handling its correspondences and documents. This company is also the corporate secretary of the subject.
The subject has no employees in
According to the Companies Registry of Hong Kong, the
subject has issued 500,000 ordinary shares of HK$1.00 each which are
wholly-owned by Mr. Rohitkumar Vallabhbhai Bodra who is an
He is an
The subject is a diamond, gemstone and jewellery trader. It has had associated companies in the United Kingdom and India known as Bodra Gems Ltd. and Bodra Brothers respectively. The Hong Kong branch of Bodra Gems Ltd. is located at Room F2-15, 9/F., Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hunghom, Kowloon, Hong Kong where is your given address.
The subject is a member of the Bodra Group of
companies. The group was formed in
January 1989 in
The Group is able to provide customers with 0.005 to 1.00
carats, D – Z colour and in almost all clarities & shapes diamonds which
are manufactured at its facility in
The subject’s products are marketed in Hong Kong, exported
to the other Asian countries,
The subject’s business in
Since the subject does not have its own operating office and
has no employees in
NOTE:
It is to be noted that the company does not have its
own operating office in
DIAMOND INDUSTRY –
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From time immemorial,
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
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The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
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Excerpts from Times of India dated 30th October 2010 is as
under –
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Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
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The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
|
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
SMN |
RATING EXPLANATIONS
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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 |
|
<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.