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Report No. : |
309584 |
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Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LA PERLE D’ORIENT LTD. |
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Registered Office : |
10/F., Shun Kwong Commercial Building, 8 Des Voeux Road West |
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Country : |
Hong Kong
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Date of Incorporation : |
23.08.2000 |
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Com. Reg. No.: |
31219941 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER,
EXPORTER AND WHOLESALER OF CULTURED PEARL, FINE JEWELLERY, IMITATION
JEWELLERY. |
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|
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No. of Employees : |
6 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
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 |
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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 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 |
LA PERLE D’ORIENT LTD.
ADDRESS: 10/F., Shun Kwong Commercial
Building, 8 Des Voeux Road West, Hong Kong.
PHONE: 852-2139 3101
FAX: 852-2139 3103
E-MAIL: lapurhk@gmail.com
Managing Director: Mr. Devchand
Shikharchand Chodhry
Incorporated on: 23rd August,
2000.
Organization: Private Limited
Company.
Issued Share Capital: HK$2,000,000.00
Business Category: Importer, Exporter
and Wholesaler.
Employees: 6.
Main Dealing Banker: The Hong
Kong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
LA PERLE
D'ORIENT LTD.
Registered Head
Office:-
10/F., Shun Kwong Commercial Building, 8 Des Voeux Road West, Hong Kong.
Associated
Companies:-
La Perle D’Orient Ltd., Japan.
Oriental Pearl Co. Ltd., Japan.
31219941
0728652
Managing Director: Mr. Devchand
Shikharchand Chodhry
HK$2,000,000.00
(As per registry dated 23-08-2014)
|
Name |
|
No. of shares |
|
Ratan Ltd. 80 Broad Street, Monrovia, Liberia. |
|
995 |
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Panna Ltd. 80 Broad Street, Monrovia, Liberia. |
|
995 |
|
Devchand Shikharchand CHODHRY |
|
10 |
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|
|
––––– |
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Total: |
2,000 ==== |
(As per registry dated 23-08-2014)
|
Name (Nationality) |
Address |
|
Devchand Shikharchand CHODHRY |
29/F., Block 42, Baguio Villa, 550 Victoria Road, Pokfulam, Hong Kong. |
|
Ratan Ltd. |
80 Broad Street, Monrovia, Liberia. |
|
Panna Ltd. |
80 Broad Street, Monrovia, Liberia. |
(As per registry dated 23-08-2014)
|
Name |
Address |
Co. No. |
|
Commence Secretaries Ltd. |
Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central,
Hong Kong. |
0084095 |
The subject was incorporated on 23rd August, 2000 as a private limited liability
company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Cultured
Pearl, Fine Jewellery, Imitation Jewellery.
Employees: 6.
Commodities Imported: Europe,
China, Japan, Vietnam.
Markets: Hong Kong, Southeast
Asia, Europe, North America.
Terms/Sales: L/C, T/T.
Terms/Buying: L/C, T/T, D/P.
Issued Share Capital: HK$2,000,000.00
Profit or Loss: Making a small
profit every year.
Condition: Keeping in a
satisfactory manner.
Facilities: Making rather active
use of general banking facilities.
Payment: Met trade commitments as
required.
Commercial Morality: Satisfactory.
Banker: The Hong Kong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
Having issued 2,000 ordinary shares of HK$1,000.00 each, La Perle
D’Orient Ltd. is equally owned by two Liberia companies: Ratan Ltd. and Panna Ltd. The minor shareholder is Devchand
Shikharchand Chodhry, holding 0.5% interests.
The directors of the subject are Devchand Shikharchand Chodhry, Ratan
Ltd and Panna Ltd.
Devchand Shikharchand Chodhry is a Hong Kong ID holder and has got the
right to reside in Hong Kong permanently.
He is also managing director of the subject. He can be reached at his Hong Kong mobile
phone number 852‑9467 7146.
The subject is trading in all kinds of cultured pearls, especially
Tahitian pearls, South Sea pearls, Akoya pearls from Japan, and other pearls
from Vietnam. Products are exported to
worldwide countries.
The subject has an associated company Oriental Pearl Co. Ltd. [Oriental
Pearl] which is in Japan. The president
of Oriental Pearl is Mr. Ketan Chaudhari. Oriental Pearl was set up in 1948. It is the parent company of the subject.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and Shenzhen Special
Economic Zone, China.
The subject’s business is chiefly handled by D S Chodhry. History in Hong Kong is over fourteen
years and six months.
On the whole, consider it good for normal credit requirements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
|
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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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 |
|
|
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.