MIRA INFORM REPORT
|
Report No. : |
303434 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUROSTAR DIAMOND TRADERS HONG KONG LIMITED |
|
|
|
|
Registered Office : |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.07.2001 |
|
|
|
|
Com. Reg. No.: |
762384 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Diamonds. |
|
|
|
|
No. of Employee : |
Not Available |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 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 |
Contact Points
|
Company Name: |
EUROSTAR DIAMOND TRADERS HONG KONG LIMITED |
|
Supplied Name: |
EUROSTAR DIAMOND TRADERS HONG KONG LTD |
|
Trading Address: |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong |
|
Supplied Address: |
Suite 702, 7th Floor, No.9 Queen's Road, Central, Hong Kong. |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 702, 7/F., The Galleria, 9 Queen’s
Road, Central, Hong Kong |
|
Telephone Number: |
+852-3748-7888 |
|
Fax Number: |
+852-3748-7899 |
|
Date of Registration: |
2001-7-6 |
|
Registered Number: |
762384 |
|
Business Registration No.: |
31958179 |
|
Paid-up Capital: |
HKD 82,612,435 (USD 10,657,004) = 82,612,435
Shares@ HKD 1 (As of 2015.01, 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: |
Trading of diamonds, etc |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-7-6 |
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 2001-7-6 with the
registered number 762384 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2012-8-8 |
Eurostar Diamond Traders Hong Kong Limited |
|
2001-7-6 |
Eurostar (Far East) Limited |
Corporate Structure
Parent Company
|
Name: |
Eurostar Diamonds International S.A. |
|
Address: |
L-1724 Luxembourg, Boulevard Prince Henri 9B |
Related Companies
|
1 |
|
|
Name: |
Eurostar Diamond Trader NV |
|
Address: |
Heveniersstraat 53 Box 79, B-2018, Antwerp,
Belgium |
|
Tel: |
+32-3-213-7777 |
|
Fax: |
+32-3-213-7799 |
|
2 |
|
|
Name: |
Eurostar Belgium Inc. |
|
Address: |
18 East 48th Street, Suite 1201,
New York, NY 10017 USA |
|
Tel: |
+1-212-754-4100 |
|
Fax: |
+1-212-754-0077 |
|
3 |
|
|
Name: |
Eurostar Diamonds India Pvt Ltd. |
|
Address: |
BC-4011 (West Core Entrance), 4th
Floor, Bharat Diamond Bourse BKC, Bandra (East) Mumbai 400 051 |
|
Tel: |
+9714-439-2777 |
|
Fax: |
+9714-439-2788 |
|
4 |
|
|
Name: |
Eurostar Diamond Traders Shanghai |
|
Address: |
China Diamond Exchange Centre, Floor 10,
Block A, 1701 Century Boulevard Pu Dong New Area 200122 Shanghai, China |
|
Tel: |
+86-21-5015-8388 |
|
Fax: |
+86-21-5047-5999 |
|
5 |
|
|
Name: |
Eurostar Diamond Jewellery Co., Ltd. |
|
Address: |
Di Wang Tower, Room 4801, Shennan East Road,
518008, Shenzhen City, Guangdong Province, China |
|
Tel: |
+86-755-2583-4577 |
|
Fax: |
+86-755-8246-5577 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Eurostar Diamonds International S.A. |
82,612,434 |
99.999999% |
|
Mehta Sachin Dinukumar |
1 |
0.000001% |
|
Total |
82,612,435 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Eurostar Diamonds International S.A. |
|
Address: |
L-1724 Luxembourg, Boulevard Prince Henri 9B |
|
2 |
|
|
Name: |
Mehta Sachin Dinukumar |
|
Address: |
Fazantenlaan, 39-2610 Antwerp (Wilrijk)
Belgium |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Mehta Sachin Dinukumar |
|
Address: |
Fazantenlaan, 39-2610 Antwerp (Wilrijk) Belgium |
|
Position: |
Director |
|
Passport Number: |
002 0911974 35 |
|
Issuing Country: |
Belgium |
|
2 |
|
|
Name: |
Mehta Kunal |
|
Address: |
Eekhoornlaan, 25-2610, Wilrijk- Antwerp,
Belgium |
|
Position: |
Director |
|
Passport Number: |
EF819139 |
|
Issuing Country: |
Belgium |
|
3 |
|
|
Name: |
Mehta Kaushik Kirtilal |
|
Address: |
Eekhoornlaan, 25-2610, Antwerpen, Belgium |
|
Position: |
Director |
|
Passport Number: |
EH954583 |
|
Issuing Country: |
Belgium |
|
4 |
|
|
Name: |
Fong Wah Kai |
|
Address: |
Unit 11-10-2, 11 Gurney Drive, No.11
Persiaran Gurney, Penang 10250, Malaysia |
|
Position: |
Director |
|
Passport Number: |
A22779838 |
|
Issuing Country: |
Malaysia |
|
5 |
|
|
Name: |
Fong Wern Sheng |
|
Address: |
Unit 11-10-2, 11 Gurney Drive, No.11
Persiaran Gurney, Penang 10250, Malaysia |
|
Position: |
Director |
|
Passport Number: |
A21246045 |
|
Issuing Country: |
Malaysia |
|
6 |
|
|
Name: |
Vermeulen Marleen Jozef |
|
Address: |
Vleminckveld 11 B: 41,2000 Antwerpen Belgium |
|
Position: |
Director |
|
Belgium ID Number: |
590-7345500-07 |
|
7 |
|
|
Name: |
Evens Raymond George |
|
Address: |
Della Faillelaan, 61, 2020 Antwerpen, Belgium |
|
Position: |
Director |
|
Belgium ID Number: |
591-2439193-36 |
|
8 |
|
|
Name: |
Group Motion Secretarial Services Limited |
|
Address: |
Room C, 2/F., Wing Tat Commercial Building,
121-125 Wing Lok Street, Central, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1684145 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong |
Premises Information
According to subject’s current trading
address, we did not find any premises information from local land registry;
from other source we can not obtain any relevant information, either.
Production Information
Subject is a trader of diamonds, etc without any
production activities.
It is introduced that subject has related
diamond processing plants in mainland China and Botswana.
Purchase Information
Subject purchases products mainly from both
home and abroad such as mainland China and Europe.
It is introduced that one of subject major
suppliers is De Beers.
Sales Information
Subject is engaged in sale of diamonds.
Subject’s sales regions include Hong Kong
domestic market, Mainland China, and Southeast Asia.
The diamonds sold by subject obtained the
certifications of GIA and HRD.
Subject’s major customers are manufacturers
and designers of jewelry, watch.
Settlements
Purchase
Domestic Purchase
|
Products |
Diamonds |
|
Terms |
Cash, T/T |
Import
|
Products |
Diamonds |
|
Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Terms |
Cash, T/T |
Export
|
Products |
Diamonds |
|
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 Ms. Cheng rejected to
disclose the financial information, from other resources we can not find it,
either.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
|
Date: |
2013-5-8 |
|
Court Name: |
|
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong Limited formerly known as Eurostar (Far East) Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited |
|
Reason: |
Summons (For Costs) |
|
2 |
|
|
Date: |
2012-9-25 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong Limited formerly known as Eurostar (Far East)
Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited c/o Shop 49, 1/F, Chung King Mansion, 36-44
Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Summons (To discharge injunction order) |
|
3 |
|
|
Date: |
2012-8-24 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong Limited formerly known as Eurostar (Far East)
Limited HCA 1450/2012 |
|
Defendant: |
East Winner International Limited c/o Shop 49, 1/F, Chung King Mansion, 36-44
Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Summons (Interlocutory Injunction) |
|
4 |
|
|
Date: |
2012-8-16 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1450 |
|
Claimant: |
Eurostar Diamond Traders Hong Kong Ltd fka Eurostar (Far East) Ltd c/o Tsang, Chan & Woo (a firm) |
|
Defendant: |
East Winner International Ltd c/o Shop 49, 1/F, Chung King Mansion, 36-44
Nathan Road, Tsim Sha Tsui, Kln |
|
Reason: |
Debt |
Mortgage Record
|
1 |
|
|
Company Name: |
Eurostar (Far East) Limited (the “Chargor”) |
|
Instrument of Creating Mortgage: |
Debenture (the “Deed”) |
|
Date of Creating Mortgage: |
2011-11-4 |
|
Amount Secured: |
All and any present and future obligations,
liabilities and indebtedness (whether actual or contingent and whether owed
jointly or severally or alone or in any other capacity whatsoever) of Chargor
to the Lender or to any other company of the SCB Group Company anywhere in
any currency including without limitations under or pursuant to each or any
of the Finance Documents together with all interest, commission, fees, costs,
charges, expenses, and other sums incurred by the Lender or any other SCB
Group Company in connection with the protection, preservation or enforcement
of its respective rights including but not limited to under the Deed and the
other Finance Documents or any other document evidencing or securing any such
liabilities (after as well as before any demand or judgment) (the “Secured
Obligations”) |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong) Limited |
|
Address of Mortgagee: |
9th Floor, Standard Chartered Bank
Building, 4-4A Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Fixed Charges The Chargor charges and agrees to charge as
beneficial owner all the present and future right, title and interest of the Chargor
in and to the assets which are at any time owned by the Chargor, or in which
the Chargor from time to tome has an interest. Security Assignments The Chargor assigns and agrees to assign as
beneficial owner absolutely (subject to a proviso for reassignment on
redemption) all its present and future right, title and interest. |
|
2 |
|
|
Company Name: |
Eurostar (Far East) Limited (the
“Mortgagor”) |
|
Instrument of Creating Mortgage: |
Legal Charge/ Mortgage (“the Charge”) |
|
Date of Creating Mortgage: |
2011-5-6 |
|
Amount Secured: |
All monies, obligations and liabilities now
or at any time hereafter due, owing or incurred to the Bank or any other
Secured Party by the Mortgagor whether on any banking or other account or
otherwise in whatever manner and whether actual or contingent and in whatever
currency and whether solely and jointly and in whatever name, style or form
and whether as principal debtor or as surety and whether principal, interest,
fees or otherwise together with interest on all such monies at such rates as
shall from time to time be charged by the Bank or such Secured Party and all
fees, commissions and other costs, charges and expenses (including legal and
other fees on a full indemnity basis) incurred by the Bank or any other
Secured Party in relation the Mortgagor and all other monies hereby secured. |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong) Limited |
|
Address of Mortgagee: |
32th Floor, 4-4A Des Voeux Road
Central, Hong Kong |
|
Description of Property Mortgaged: |
All those 949,400 equal undivided 8,133,301st
parts or shares of and in all those 500 equal undivided 23,086th
parts or shares of and in all those pieces or parcels of ground registered in
the Land Registry as the remaining portion of section A of Marine Lot No.102,
Section C of Marine Lot No.103, the remaining portion of Marine Lot No.101,
the remaining portion of inland Lot No.514, Section A of marine Lot No.101,
Section B of Marine Lot No.101 and the remaining portion of section C of
Marine Lot No.101 (Unit 2 on the seventh floor, “Nine Queen’s Road Central”) |
Special Note
Interview Details
|
Name |
Mr. Cheng |
|
Department: |
Sales Department |
Industry Information
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
96,110 |
728,817 |
662,210 |
4,475,744 |
|
Armenia |
-- |
-- |
461 |
1,049 |
|
Australia |
1,756 |
23,658 |
3,733 |
54,816 |
|
Belgium |
84,515 |
1,239,263 |
423,171 |
6,622,381 |
|
Canada |
476 |
2,771 |
2,771 |
48,195 |
|
Switzerland |
8,077 |
206,582 |
32,377 |
858,188 |
|
Germany |
709 |
2,321 |
12,087 |
20,158 |
|
Britain |
1,277 |
88,340 |
9,442 |
386,120 |
|
Israel |
65,772 |
1,433,655 |
360,130 |
8,238,886 |
|
India |
981,536 |
4,727,211 |
5,338,417 |
26,201,042 |
|
Malaysia |
3,860 |
18,103 |
19,791 |
137,275 |
|
USA |
129,016 |
1,115,405 |
703,068 |
6,169,441 |
|
The Mainland of China |
114,204 |
798,063 |
516,495 |
3,689,202 |
|
Exports |
||||
|
United Arab Emirates |
-- |
-- |
53 |
749 |
|
Israel |
-- |
-- |
50 |
24,803 |
|
-- |
-- |
3 |
116 |
|
|
Singapore |
-- |
-- |
17 |
208 |
|
Belgium |
13 |
4,441 |
249 |
67,929 |
|
Thailand |
-- |
-- |
251 |
732 |
|
USA |
33 |
924 |
465 |
35,419 |
|
The Mainland of China |
157 |
184 |
2,711 |
8,359 |
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 |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
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 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
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 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
Room 702, 7/F., The Galleria, 9 Queen’s Road, Central, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
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 |
|
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.