MIRA INFORM REPORT
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Report No. : |
336377 |
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Report Date : |
12.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHA DIAM LIMITED |
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Formerly Known As : |
KPS DIAMOND LIMITED |
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Registered Office : |
Flat E, 6F, Cameron Plaza, 23-25A Cameron
Rd., Tsim Sha Tsui, |
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|
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Country : |
Hong Kong |
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|
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Date of Incorporation : |
06.07.2012 |
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Com. Reg. No.: |
60054803 |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Diamonds. |
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|
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No. of Employee : |
About 3 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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 12.5% of total system deposits in Hong Kong by the end of 2014. 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 47.3 million in 2014, 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 2014 mainland Chinese companies constituted about 50% of the firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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 4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic liberalization of trade in services in Guangdong Province under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from March 2015, cover a negative list and a most-favored treatment provision, and will improve access to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Contact
Points
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Company Name: |
Krisha Diam Limited |
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Supplied Name: |
Krisha Diam Ltd. |
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Trading Address: |
6E, 6th
Floor, Cameron Plaza, 23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong |
|
Supplied Address: |
6E, 6th Floor,
Cameron Plaza, 23-25A, Cameron Road, T.S>T., Kowloon |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat E, 6F, Cameron Plaza, 23-25A Cameron
Rd., Tsim Sha Tsui, Hong Kong |
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Telephone Number: |
+852-2311-5078/9084-0578 |
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Fax Number: |
+852-2311-5578 |
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E-mail: |
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Date of Registration: |
2012-7-6 |
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Registered Number: |
1769831 |
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Business Registration No.: |
60054803 |
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Paid-up Capital: |
HKD 780,000 (USD 100,620) = 780,000 Shares@ HKD 1 (As of 2015.7, 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) |
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Principal Activities: |
Trading of diamonds, etc |
|
Staff: |
About 3 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-7-6 |
History
Subject was incorporated on 2012-7-6 with the registered number 1769831 as
Private Limited Liability Company in Hong Kong.
Change of Name:
|
Effective Date |
Company Name |
|
2012-9-28 |
Krisha Diam Limited |
|
2012-7-6 |
KPS Diamond Limited |
Shareholder
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Kavinkumar Kumarpal Shah |
780,000 |
100% |
|
Total |
780,000 |
100% |
Major Shareholder Information:
|
Name: |
Kavinkumar Kumarpal Shah |
|
Address: |
603, Navpad Appt., Shantadevi Road, Navsari, Gujarat 396445 |
Corporate
Structure
Management
Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Kavinkumar Kumarpal Shah |
|
Address: |
603, Navpad Appt., Shantadevi Road, Navsari, Gujarat 396445 |
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Position: |
Director |
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Passport Number: |
Z2103255 |
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Issuing Country: |
India |
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2 |
|
|
Name: |
Pan Pacific Consultants Limited |
|
Address: |
Room 1207, Wing Tuck Comm., Centre, 177-183 Wing Lok Street, Sheung
Wan, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1254491 |
Personnel Structure
|
Total Employees |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
6E, 6th Floor,
Cameron Plaza, 23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
6th Floor, Cameron Plaza, Nos.23 23a 25 And 25a Cameron
Road, Kowloon |
|
Owners: |
Timeshare
Development (CI) Limited |
|
Memorial Number: |
UB6784420 |
|
Date of Instrument: |
1996-9-17 |
|
Date of Registration: |
1996-10-17 |
|
Consideration Value: |
HKD 540,000,000.00
(PT.) |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
10112302160013 |
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Date of Instrument: |
2010-11-16 |
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Date of Registration: |
2010-11-23 |
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Nature: |
Modification letter |
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In Favor of: |
Remarks: From the Government of the HKSAR by the District Lands
Officer/Kowloon West Re KIL 7094 |
|
2 |
|
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Memorial No.: |
UB6798716 |
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Date of Instrument: |
1996-10-24 |
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Date of Registration: |
1996-10-31 |
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Nature: |
Statutory declaration of Shek Wai Chun Remarks: As to loss of title deeds |
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3 |
|
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Memorial No.: |
UB6784419 |
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Date of Instrument: |
1996-9-17 |
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Date of Registration: |
1996-10-17 |
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Nature: |
Sale and purchase
agreement Remarks: See
assignment m/n 6784420 |
|
In Favor of: |
Timeshare
Development (CI) Limited |
|
Consideration: |
HKD 540,000,000.00 (PT.) |
Note: (PT.) means
part of.
Production Information
Subject is engaged in trading of diamonds, etc. without any production
activities.
Purchase Information
It is introduced that subject purchases products mainly from India
Sales Information
Subject is engaged in sale of diamonds
Subject’s major products include rough diamond, loose diamond, carat size
diamond and fancy diamond
It is introduced that subject also has the GIA diamonds.
The major sales regions of the subject are domestic market, Japan, Korea,
Singapore, Other Asian countries
The major customers are manufacturers of jewelry and watches
Settlements
Purchase
Domestic
Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamonds |
|
Payment Terms |
T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Diamonds |
|
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 resources we cannot find it, either.
Bankers
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of the subject has been found.
|
High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Interview
Details
|
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 |
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 |
|
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: Flat 6E,
6F, Cameron Plaza, 23-25A Cameron Rd., Tsim Sha Tsui, Kowloon, Hong Kong
Cameron Plaza,
23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
Cameron Plaza,
23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
6th
Floor, Cameron Plaza, 23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
6E, 6th
Floor, Cameron Plaza, 23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.17 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.