MIRA INFORM REPORT
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Report No. : |
329271 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHA DIAM LIMITED |
|
|
|
|
Registered Office : |
Flat F, 12/F., Block A, Windsor Mansion, 29-31 Chatham Road South, Tsim
Sha Tsui, Kowloon, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.07.2012 |
|
|
|
|
Com. Reg. No.: |
60054803 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of diamonds |
|
|
|
|
No. of Employee : |
About 3 Employees |
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 – 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 |
|
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: |
Krisha Diam
Limited |
|
Supplied Name: |
Krisha Diam
Limited |
|
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.ST., Kowloon |
Note: The exact name and address are as
above.
Credit
Summary
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat F, 12/F., Block A, Windsor Mansion,
29-31 Chatham Road South, Tsim Sha Tsui, Kowloon, Hong Kong |
|
Telephone Number: |
+852-9084-0578 |
|
E-mail: |
|
|
Date of Registration: |
2012-7-6 |
|
Registered Number: |
1769831 |
|
Business Registration No.: |
60054803 |
|
Paid-up Capital: |
HKD 780,000 (USD
100,620) = 780,000 Shares@ HKD 1 (As of 2014.12, 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: |
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:
|
Date |
Change |
|
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 |
|
Position: |
Director |
|
Passport Number: |
Z2103255 |
|
Issuing Country: |
India |
|
2 |
|
|
Name: |
Pan Pacific Consultants Limited |
|
Address: |
Room 1207, Wing Tuck Comm., Centre, 177-183 Wing Lok Street, Sheung
Wan, Hong Kong |
|
Position: |
Corporate Secretary |
|
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 |
|
Date of Instrument: |
2010-11-16 |
|
Date of Registration: |
2010-11-23 |
|
Nature: |
Modification letter |
|
In Favor of: |
Remarks: From the Government of the HKSAR by the
District Lands Officer/Kowloon West Re KIL 7094 |
|
2 |
|
|
Memorial No.: |
UB6798716 |
|
Date of Instrument: |
1996-10-24 |
|
Date of Registration: |
1996-10-31 |
|
Nature: |
Statutory
declaration of Shek Wai Chun Remarks: As to loss of title deeds |
|
3 |
|
|
Memorial No.: |
UB6784419 |
|
Date of Instrument: |
1996-9-17 |
|
Date of Registration: |
1996-10-17 |
|
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
l
Subject is a trader of
diamonds, etc without any production activities.
Purchase Information
l
Subject purchases
products mainly from abroad such as India, etc.
Sales Information
l Subject is engaged in sale of diamonds, etc.
l The major products sold by subject include loose diamond, carat size
diamond, rough diamond and fancy diamond, etc.
l Subject’s sales region focuses on Asia market.
l Subject’s major customers are retailer, jewellery manufacturers and watch
manufacturers, etc.
Settlements
Purchase
1.
Domestic Purchase
Subject has little domestic purchase.
2.
Import
|
Products |
Diamonds, etc |
|
Payment Terms |
T/T, etc |
Sales
1.
Domestic Markets
|
Product |
Diamonds, etc |
|
Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Diamonds, 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 Mr. Shan 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 |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Interview
Details
|
Name |
Mr. Shan |
|
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 |
|
Japan |
-- |
-- |
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 |
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 |
|
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
Cameron Plaza, 23-25 Cameron Road, Tsim Sha Tsui, Kowloon, Hong Kong
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
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.63.60 |
|
|
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.