MIRA INFORM REPORT
|
Report No. : |
317567 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PURE CONCEPTS LIMITED |
|
|
|
|
Registered Office : |
Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
19.01.2005 |
|
|
|
|
Com. Reg. No.: |
946951 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and Sale of Diamonds and Jewelry. |
|
|
|
|
No. of Employees : |
About 5 |
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 – 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 |
Contact Points
|
Company Name: |
PURE CONCEPTS LIMITED |
|
Supplied Name: |
PURE CONCEPTS LTD |
|
Trading Address: |
Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong
Kong |
|
Supplied Address: |
UNIT C, 12/F, WINNER BUILDING, 36 MAN YUE STREET, HUNGHOM, KOWLOON,
HONG KONG TE |
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit C, 12F, Winner Building, 36 Man Yue
St., Hung Hom, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2521-8812 |
|
Fax Number: |
+852-2521-8813 |
|
Date of Registration: |
2005-1-19 |
|
Registered Number: |
946951 |
|
Business Registration No.: |
35290872 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 (As of 2015.04, 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) |
|
Principal Activities: |
Manufacturing and sale of diamonds and jewelry, etc. |
|
Staff: |
About 5 Employees (Hong Kong) |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-1-19 |
History
Subject was incorporated on 2005-1-19 with the registered number 946951
as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Wonking (Hong Kong) Limited |
7,500 |
75% |
|
Qi Asset Management Limited |
2,500 |
25% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Wonking (Hong Kong) Limited |
|
Address: |
Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong
Kong |
|
Date of Registration: |
2005-1-19 |
|
Registered Number: |
946952 |
|
Business Registration No.: |
35290864 |
|
2 |
|
|
Name: |
Qi Asset Management Limited |
|
Address: |
P. O. Box 2804, 4F, Scotia Centre, George Town, Grand Cayman, Cayman
Islands |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Lee Pui Lam |
|
Address: |
Flat F, 9F, Block 2, Mountain Shore, 8 Yuk Tai St., Ma on Shan, New
Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
K034673(A) |
|
2 |
|
|
Name: |
Zhou Pei Zhen |
|
Address: |
Rm. B, 18F, Tower 5, One Silversea, 18 Hoi Fai Rd., West Kowloon,
Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P461353(1) |
|
3 |
|
|
Name: |
D’souza Ronald Lawrence |
|
Address: |
Flat F, 12F, Greenburg Court, Greenvale Village, 9 Discovery Bay,
Lantau Island, New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
P356713(7) |
|
4 |
|
|
Name: |
Excellence Group Limited |
|
Address: |
Flat D, 2F, Right Time Building, 21-27 Playing Field Rd., Mongkok,
Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
567136 |
Personnel Structure
|
Total Employees |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong
Kong |
Premises Information
Office address:
|
Address: |
Unit C1, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong
Kong |
|
Owners: |
Ng Sau Kwong Siu So Ching |
|
Memorial Number: |
13021500950026 Assignment |
|
Date of Instrument: |
2013-1-18 |
|
Date of Registration: |
2013-2-15 |
|
Consideration Value: |
HKD 2,000,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13010800890057 |
|
Date of Instrument: |
2012-12-17 |
|
Date of Registration: |
2013-1-8 |
|
Nature: |
Provisional Agreement For Sale And Purchase |
|
In Favor of: |
Ng Sau Kwong Siu So Ching |
|
Consideration: |
HKD 2,000,000.00 |
|
2 |
|
|
Memorial No.: |
11051201530103 |
|
Date of Instrument: |
2010-12-29 |
|
Date of Registration: |
2011-5-12 |
|
Nature: |
Order no. Cbz/rt/014163/09/k under section 24(1) Of The Buildings
Ordinance With Plan |
|
3 |
|
|
Memorial No.: |
07102900870397 |
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Date of Instrument: |
2007-9-19 |
|
Date of Registration: |
2007-10-29 |
|
Nature: |
Letter Of Completion Relating To Order No.C/Te/001875/07/K Under
S.24(1) Of The Buildings Ordinance |
Production Information
Subject is engaged in manufacturing of diamonds and jewelry.
It is introduced that subject has a factory in the Mainland of China for
production, but we did not obtain the detail information.
Purchase Information
The raw materials of the subject for production are both purchased home
and abroad like India.
Sales Information
Subject is engaged in sale of diamonds and jewelry.
The major products sold by the subject are diamonds, watches and
jewelry, etc.
Subject’s sales regions include domestic market, Japan, Korea, Southeast
Asia, America.
The major customers of the subject are jewelry shops and diamonds
resellers.
Trademark
|
|
|
|
Trade Mark No.: |
300119105 |
|
Status: |
Registration Removed |
|
Mark: |
Phiiiltrum
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
SIMPLY PURE CONCEPTS LTD. |
|
Owner's Address |
CHONG & PARTNERS |
|
Class No.: |
|
|
Specification: |
|
|
Date of Filing: |
|
|
Date of Publication of |
|
|
Date of Registration: |
|
|
Actual Date of |
|
|
Expiry date: |
|
|
Registration: |
15-04-2004 |
|
Registration Expired And Removed: |
28-05-2014 |
Settlements
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Diamonds and jewelry |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Diamonds and jewelry |
|
Selling Terms |
L/C, 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 the subject was found.
Lawsuits
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 |
Special Note
Interview Details
|
Name |
Mr. Ronald |
|
Department: |
Sales Department |
Industry Information
66729--Diamonds, non-industrial, otherwise worked,
but not mounted or set (cm)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab
Emirates |
113,655 |
854,839 |
1,452,417 |
10,085,815 |
|
Brazil |
33 |
1,437 |
174 |
5,836 |
|
Australia |
2,033 |
41,188 |
10,332 |
181,710 |
|
Belgium |
81,093 |
1,198,674 |
1,070,230 |
181,710 |
|
Germany |
154 |
614 |
18,279 |
80,845 |
|
Canada |
202 |
1,578 |
7,643 |
104,109 |
|
Switzerland |
5,866 |
161,374 |
56,112 |
1,665,846 |
|
Japan |
36,378 |
286,671 |
497,269 |
3,174,371 |
|
Thailand |
65,194 |
243,239 |
657,318 |
3,002,179 |
|
India |
765,990 |
3,982,962 |
12,544,931 |
64,883,740 |
|
The Mainland of
China |
117,833 |
912,624 |
1,337,780 |
10,148,553 |
|
Exports |
||||
|
United Arab
Emirates |
-- |
-- |
54 |
4,421 |
|
Israel |
61 |
10,875 |
153 |
38,772 |
|
-- |
-- |
3 |
116 |
|
|
Thailand |
-- |
-- |
422 |
1,865 |
|
USA |
140 |
2,916 |
2,982 |
55,371 |
|
Belgium |
2 |
74 |
463 |
70,594 |
|
Singapore |
-- |
-- |
28 |
4,990 |
|
The Mainland of
China |
186 |
496 |
4,894 |
15,396 |
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.
Attachment
Address: Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom,
Kowloon, Hong Kong
Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong Kong
12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong Kong
Unit C, 12F, Winner Building, 36 Man Yue St., Hung Hom, Kowloon, Hong
Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.