MIRA INFORM REPORT
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Report No. : |
324870 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DRAGON SHIELD JEWELLERY HOLDINGS LIMITED |
|
|
|
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Registered Office : |
Flat 12, 11/F, tower B, Hung Hom Centre,37
Ma Tau Wai Road, Hung Hom, Kowloon |
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|
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Country : |
Hong Kong |
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Date of Incorporation : |
28.05.2004 |
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Com. Reg. No.: |
903493 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
SUBJECT IS ENGAGED IN TRADING OF JEWELLERY |
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No. of Employee : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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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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 – 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 |
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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% 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 (in
English): |
Dragon Shield
Jewellery Holdings Limited |
|
Supplied Name: |
DRAGON SHIELD
JEWELLERY HOLDING LTD |
|
Trading Address: |
Flat 12, 11/F, tower B, Hung Hom Centre,37 Ma Tau Wai Road, Hung Hom,
Kowloon, Hong Kong. |
|
Supplied
Address: |
FLAT 12.11/F
TOWER B HUNG HOM COMMERCIAL CENTER , 37 MA TAU WAI ROAD HUNG HOM , HONG KONG. |
Note: The exact
name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat 12, 11/F, tower B, Hung Hom Centre,37
Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong. |
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Telephone Number: |
+852-2621-3588 |
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Fax Number: |
+852-2621-3588 |
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Date of Registration: |
2004-05-28 |
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Registered Number: |
903493 |
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Business Registration No.: |
34599431 |
|
Paid-up Capital: |
HKD 1,000,000 (USD 129,000) (As of 2015.6, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
89731--Articles of jewellery and parts thereof, of precious metals or
metals clad with precious metals (g) |
|
Principal Activities: |
Trading of jewellery |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-05-28 |
Notes: Subject declined to disclose the number of
staff, and we cannot obtain the information from other source, either.
History
Subject was incorporated on 2004-05-28 with the registered number 903493 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
Amount |
Proportion of
Investment (%) |
|
|
Zheng Gengjian |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder
Information:
|
Name: |
Zheng Gengjian |
|
Address: |
Flat 2409, Kwong Park House, Kwong Yuen Estate, Siu Lik Yuen, Shatin, N.T. |
Management
Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Zheng Gengjian |
|
Address: |
Flat 2409, Kwong Park House, Kwong Yuen Estate, Siu Lik Yuen, Shatin, N.T. Hong Kong. |
|
Position: |
Director |
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ID Number: |
R-238882 (A) |
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2 |
|
|
Name: |
Supreme Corporate Services Limited |
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Address: |
Unit 1411, 14/F., LIPPO Sun Plaza, 28 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong. |
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Position: |
Company Secretary |
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Registered Number: |
1057353 |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Flat 12, 11/F, tower B, Hung Hom Centre,37 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong. |
Premises
Information
Office address:
|
Address: |
Unit No.12 on 11th Floor of Tower B, Hunghom Commercial Centre, NO.37 Ma Tau Wai Road, Kowloon. |
|
Owners: |
Dragon Shield Jewellery Holdings Limited |
|
Memorial Number: |
06060201530027 Assignment |
|
Date of Instrument: |
2006-05-11 |
|
Date of Registration: |
2006-06-02 |
|
Consideration Value: |
HKD 2,405,800 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
06042801730014 |
|
Date of Instrument: |
2006-04-25 |
|
Date of Registration: |
2006-04-28 |
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Nature: |
Agreement for Sale and Purchase |
|
In Favor of: |
Dragon Shield Jewellery Holdings Limited |
|
Consideration: |
HKD 2,405,800 |
|
2 |
|
|
Memorial No.: |
05051002640563 |
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Date of Instrument: |
2005-04-27 |
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Date of Registration: |
2005-05-10 |
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Nature: |
Agreement for Sale and Purchase |
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In Favor of: |
Wong San Kiu (Joint Tenant) Wong Hing Tin (Joint Tenant) |
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Consideration: |
HKD 1,900,000 |
|
3 |
|
|
Memorial No.: |
UB9431125 |
|
Date of Instrument: |
2004-12-15 |
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Date of Registration: |
2004-12-31 |
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Nature: |
Agreement for Sale and Purchase |
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In Favor of: |
Tse Leung Sin Ku Mel Yung (Joint Tenants) |
|
Consideration: |
HKD 1,680,000 |
Production
Information
Subject is a trader of jewellery, etc. without any production activities.
Purchase
Information
The jewelry of subject is purchased from both home and abroad.
Sales
Information
Subject is engaged in sales of jewellery, etc.
The major products are jewelry, semi-precious stone, diamond, gold ornament, platinum jewellery and so on.
Subject’s sales regions include domestic market, Korea, North America, West Europe, etc.
Subject’s major customers are jewelry store and manufacturers of jewelry and watches, etc.
Settlements
Purchase
Domestic Purchase
|
Products |
Jewelry, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Jewelry, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Jewelry, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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, and from other sources we could not obtain such information, either.
Bankers
Open Account Bank
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 |
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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 |
|
High Court Companies Winding-Up: |
Clear |
Special
Note
Interview Details
|
Name |
The Operator |
Industry
Information
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
21,838 |
246,702 |
3,962,363 |
4,148,848 |
|
Austria |
2,852 |
895 |
34,083 |
13,753 |
|
Australia |
9,712 |
7,184 |
334,232 |
164,960 |
|
Belgium |
4,303 |
25,109 |
49,956 |
61,107 |
|
France |
71,446 |
124,469 |
1,667,663 |
2,809,557 |
|
Canada |
39,173 |
27,371 |
453,948 |
170,678 |
|
Switzerland |
637,297 |
753,445 |
4,386,528 |
13,359,634 |
|
The Mainland of China |
17,339,344 |
3,031,144 |
215,489,594 |
40,326,586 |
|
Exports |
||||
|
United Arab Emirates |
47,741 |
53,599 |
578,786 |
454,913 |
|
Austria |
229 |
175 |
6,429 |
10,169 |
|
Australia |
14,749 |
15,969 |
368,777 |
163,057 |
|
Belgium |
853 |
770 |
35,567 |
21,710 |
|
Brazil |
4,205 |
1,694 |
10,882 |
7,386 |
|
Canada |
10,035 |
2,940 |
85,987 |
35,619 |
|
Switzerland |
5,218 |
22,583 |
288,903 |
861,464 |
|
The Mainland of China |
131,662 |
11,710 |
3,222,761 |
238,194 |
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: Flat 12.11/F Tower B Hung Hom Commercial Center, 37 Ma Tau Wai Road Hung Hom, Kowloon, Hong Kong
Tower B Hung Hom Commercial Center, 37 Ma Tau Wai Road Hung Hom, Kowloon, Hong Kong
11/F Tower B Hung Hom Commercial Center, 37 Ma Tau Wai Road Hung Hom, Kowloon, Hong Kong
Flat 12.11/F Tower B Hung Hom Commercial Center, 37 Ma Tau Wai Road Hung Hom, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.