|
Report No. : |
316499 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GEMMA (H.K.) LIMITED |
|
|
|
|
Registered Office : |
Flat A9, 3rd Floor, Cheong Tai Industrial Building, 50-56 Fui Yiu Kok Street Tsuen Wan, New Territories |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
14.05.1999 |
|
|
|
|
Com. Reg. No.: |
675757 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
TRADING
OF JEWELRY. [DIAMOND RING, DIAMOND PENDANT, DIAMOND EARRINGS, 18K GOLD
DIAMOND BANGLE] |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONG KONG - 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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9% 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. As of year-end 2014, the Democracy
protests that began in late September probably will have some adverse effects
on economic growth, particularly retail sales.
|
Source
: CIA |
|
Company Name: |
GEMMA (H.K.) LIMITED |
|
Supplied Name: |
GEMMA HK LTD |
|
Trading Address: |
Flat A9, 3rd Floor, Cheong Tai
Industrial Building, 50-56 Fui Yiu Kok
Street Tsuen Wan, New Territories, Hong Kong |
|
Supplied Address: |
Flat a9 3/f Chemong Tai Industrial Bldg 50-56 Fui Yiu Kok Street Tsuen
Wan Hong Kong |
Note: The exact name and address are as above.
|
Registered Name: |
|
|
Registered Address: |
|
|
Telephone Number: |
+852-2439-4578 |
|
Fax Number: |
+852-2439-4585 |
|
E-mail: |
|
|
Date of Registration: |
1999-5-14 |
|
Registered Number: |
675757 |
|
Business Registration No.: |
30815574 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD
1 (As of 2015.4, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
68125--Platinum and other metals of the
platinum group and alloys thereof, in semi-manufactured forms (kg) |
|
Principal Activities: |
Trading of jewelry. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-14 |
Note: Subject declined to disclose its staff number, and from other
source we can’t obtain the information, either.
Subject was incorporated on 1999-5-14 with the
registered number 675757 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2000-3-20 |
Gemma (H.K.) Limited |
|
1999-5-14 |
Gentle Choice Limited 俊釗有限公司 |
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Richard Michael Goldman |
1 |
0.01% |
|
9,999 |
99.99% |
|
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Richard Michael Goldman |
|
Address: |
Tamarack Road, Alpine, New Jersey 07260, USA
|
|
2 |
|
|
Name: |
Plumb Investment LLC |
|
Address: |
1013 Centre Road, Wilmington, Delaware
19805, County od New Castle, USA |
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Richard Michael Goldman |
|
Address: |
Tamarack Road, Alpine, New Jersey 07260, USA
|
|
Position: |
Director |
|
Passport Number: |
156357220 |
|
Issuing Country: |
United States of America |
|
2 |
|
|
Name: |
Goldman Jonathan Andrew |
|
Address: |
28 East 70th Street, New York,
N.Y., 10021, USA |
|
Position: |
Director |
|
Passport Number: |
110820159 |
|
Issuing Country: |
United States of America |
|
3 |
|
|
Name: |
Markley Secretarial Limited |
|
Address: |
Flat B, 4th Floor, Haven Commercial
Building, Nos. 6-8 Tsing Fung Street, North Point, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
290881 |
Offices & Factories
|
|
Office |
|
Address: |
Flat A9, 3rd Floor, Cheong Tai
Industrial Building, 50-56 Fui Yiu Kok
Street Tsuen Wan, New Territories, Hong Kong |
Premises Information
Office address:
|
Address: |
Factory Unit A9 on 3RD Floor, Cheong Tai
Industrial Building, NOS. 50/56 Fui Yiu Kok Street, Tsuen Wan, New
Territories |
|
Owners: |
|
|
Memorial Number: |
14120401970010 Assignment |
|
Date of Instrument: |
2014-11-24 |
|
Date of Registration: |
2014-12-4 |
|
Consideration Value: |
$1,100,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
14110401040063 |
|
Date of Instrument: |
2014-12-23 |
|
Date of Registration: |
2014-11-04 |
|
Nature: |
Agreement For Sale And Purchase Remarks: See Assignment Mem. NO.
14120401970010 |
|
In Favor of: |
Chan Ka Ling Joanne |
|
Consideration: |
$1,100,000.00 |
|
2 |
|
|
Memorial No.: |
13042402160058 |
|
Date of Instrument: |
2013-3-26 |
|
Date of Registration: |
|
|
Nature: |
Deed of Management |
|
In Favor of: |
Richness Property Management Consultancy
Limited (manager) |
|
Consideration: |
-- |
|
3 |
|
|
Memorial No.: |
13042402160045 |
|
Date of Instrument: |
2013-3-26 |
|
Date of Registration: |
2013-4-24 |
|
Nature: |
Sub-Deed of Mutual Covenant With Plans |
|
In Favor of: |
-- |
|
Consideration: |
-- |
Production Information
Subject is a trader of jewelry. Without any
production activities.
Purchase Information
It is introduced that subject’s products are
mainly purchased from mainland China.
Sales Information
Subject is engaged in sale of jewelry.
It is introduced that subject’s main products
are diamond ring, diamond pendant, diamond earrings, 18K gold diamond bangle.
It is introduced that subject’s main sale
region is USA.
Subject’s major customers are wholesalers and
retailers of jewelry, jewelry shops and so on.
Purchase
Domestic Purchase
|
Products |
Jewelry |
|
Payment Terms |
T/T, Cash |
Import
Subject has little import.
Domestic Markets
Subject has little domestic market.
Export
|
Product |
Jewelry |
|
Selling Terms |
L/C, T/T |
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.
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Mortgage Record
No mortgage record of subject was found.
Up to now, no present or latent litigation of
the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Interview Details
|
Department: |
Sales Department |
68125--Platinum and other metals of the platinum group and alloys thereof, in
semi-manufactured forms (kg)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
2,013 |
508,699 |
2,022 |
510,095 |
|
|
The Mainland of China |
11 |
73 |
87 |
2,424 |
|
Japan |
55 |
15,682 |
575 |
186,514 |
|
Germany |
130 |
224 |
477 |
9,702 |
|
Italy |
18 |
1,186 |
138 |
11,349 |
|
Exports |
||||
|
7 |
246 |
141 |
8,824 |
|
|
Switzerland |
13 |
2,601 |
13 |
2,601 |
|
Vietnam |
1 |
16 |
21 |
693 |
|
Singapore |
-- |
-- |
1 |
71 |
|
Thailand |
-- |
-- |
5 |
416 |
|
Taiwan, China |
-- |
-- |
12 |
1,799 |
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 |
|
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 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
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 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
We have arranged the visit for the supplied
address but the result has not come back. We will update the report when we
receive the photos.
The information in the report is confirmed by
the relevant staff of the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.91.05 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.