MIRA INFORM REPORT
|
Report No. : |
329946 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CROWN AIM LIMITED |
|
|
|
|
Registered Office : |
Rm. 5B, 5F, Block A, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., Hunghom Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
09.12.2010 |
|
|
|
|
Com. Reg. No.: |
53762154 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is mainly engaged in sales of jewellery Products are gold, silver, platinum, and studded with diamond, watches. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 12.5% 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 |
Company
name and address
|
Company Name (in English): |
CROWN AIM LIMITED |
|
Supplied Name: |
CROWN AIM LIMITED |
|
Trading Address: |
Rm. 5B, 5F, Block A, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., Hunghom Kowloon, Hong Kong |
|
Supplied Address: |
Room 505-B, 5th Floor Block A 39 Ma Tau Wai Road, Hunghom Kowloon Hong Kong |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Rm. 5B, 5F, Block A, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., Hunghom Kowloon, Hong Kong |
|
Telephone Number: |
+852-3152-3835/3152-3834 |
|
Date of Registration: |
2010-12-9 |
|
Registered Number: |
1538177 |
|
Business Registration No.: |
53762154 |
|
Registered Capital: |
USD 100,000,000 |
|
Paid-up Capital: |
USD 6,000,000 = 6,000,000 Shares@ USD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
66729--Diamonds, non-industrial, otherwise worked, but not mounted or set (cm) |
|
Principal Activities: |
Trading of jewellery |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-12-9 |
Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
History
Subject was incorporated on 2010-12-9 with the registered number 1538177 as Private Limited Liability Company in Hong Kong.
Shareholders
|
Subscription Amount |
Proportion of
Investment (%) |
|
|
Aston Luxury Group Limited |
6,000,000 |
100% |
|
Total |
6,000,000 |
100% |
Major Shareholder
Information:
|
Name: |
Aston Luxury Group Limited |
|
Address: |
1101, 11/F, Guardforce Centre Huk Yuen East Street, Hung Hom, Kowloon, Hong Kong |
Corporate
Structure
Parent Company
|
Name: |
Aston Luxury Group Limited |
|
Address: |
1101, 11/F, Guardforce Centre Huk Yuen East Street, Hung Hom, Kowloon, Hong Kong |
|
Date of Registration: |
2011-7-19 |
|
Registered Number: |
1636477 |
|
Business Registration No.: |
58714813 |
|
Legal Form: |
Private Limited Liability Company |
|
Tel |
+852-3152-3834 |
|
|
Related Company
|
Name: |
Gitanjali Gems Ltd. |
|
Address: |
B-6, Laxmi Towers, 1st Floor, Bandra Kurla Complex, Bandra East, Mumbai 400051, India |
|
Tel |
+91-22-4010-2000 |
|
Listed at Stock Exchange: |
Yes; Stock Symbol: GITG (Natl India) |
|
Design, processing and sales of all kinds of jewellery, etc |
Related Plants
|
Location |
Address |
|
Mumbai |
1. Plot No.61, SEEPZ, Andheri (E), Mumbai 2. Plot No.16 (Part), 17,28,29(Part),SEEPZ, Andheri (E), Mumbai 3. Plot no 131/90, Marol Co-operative Industrial Estate, M.V. Road, opp Star Audio, Marol Bhawan, Marol, Andheri (E), Mumbai – 400 059 4. Plot no 20, Marol Co-operative Industrial Estate, M.V. Road, opp Star Audio, Marol Bhawan, Marol, Andheri (E), Mumbai – 400 05 |
|
Delhi |
Plant no. 52, B. Rama Road, New Delhi - 110 019. |
|
Coimbatore |
No. 56, Bharati Salai Telungupalayam Pudur Selvapuram, Coimbatore - 641 039 |
|
Surat |
Diamond Part 2, 2nd & 3rd floor, opp. Savani Estate, Varachha Road, Surat - 395006 |
|
Hyderabad |
Survey No.1/1, Raviryala Village Road, Maheshwaram Mandal, R.R. District, Hyderabad –501510. |
|
Jaipur |
Basement & Ground floor, G-185, EPIP, Sitapura Industrial Area, Jaipur |
|
China |
81, 5/F, A Building, Xinya no. 123, Yinjian Road, Shiquiao Panyu, Guanshou, China |
|
Thailand |
99/29, MOO 5, Tambon Pasak, Amphur Muang, Lamphun 51000, Thailand |
Management
Information
Core Management
Detailed Information
of Directors:
|
1 |
|
|
Name: |
Kulkarni Meher Deepak |
|
Registered Address: |
Flat No. 511, Blk. B-2, Lokbharati, Marol Maroshi Rd., Andheri (E), Mumbai 400059 (MS) |
|
Position: |
Director |
|
Passport Number: |
Z1862958 |
|
Issuing Country: |
India |
|
Date of Appointment: |
2014-5-7 |
|
2 |
|
|
Name: |
Shah Harshil Vipul |
|
Registered Address: |
Flat A, 1/F Austin Mansion, 15 A Austin Ave Tsim Shat Sui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
M116219(0) |
|
3 |
|
|
Name: |
Buttar Secretarial Limited |
|
Address: |
Unit 13, 16F, Asia Trade Centre, No. 79 Lei Muk Rd., Kwai Chung, NT, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
2086550 |
|
Date of Appointment: |
2014-12-5 |
Former Directors
|
1 |
|
|
Name: |
Halwan Vikram |
|
Registered Address: |
Flat A, 12/F Hayon Building, No.8 Tak Cheong Lane, Yau Ma Tei Kln, HK |
|
Position: |
Director |
|
Passport Number: |
YA198754 |
|
Issuing Country: |
Brasil |
|
Date of Resignation: |
2014-5-7 |
|
2 |
|
|
Name: |
Doshi Kalpen Kiran |
|
Registered Address: |
Flat A, 1/F Austin Mansion, 15 A Austin Ave Tsim Shat Sui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
M190552(5) |
|
Date of Resignation: |
2014-5-12 |
|
3 |
|
|
Name: |
Buttar. HK Limited |
|
Address: |
1st Floor Mau Lam Comm. Bldg, 16-18 Mau Lam St Jordan Kln, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
975326 |
|
Date of Cessation: |
2014-12-5 |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Rm. 5B, 5F, Block A, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., Hunghom Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit No.5 On 5th Floor Of Tower A Hunghom Commercial Centre No. 39 Ma Tau Wai Road Kowloon |
|
Owners: |
Beauty Honour Development Limited |
|
Memorial Number: |
13062101940085 Assignment |
|
Date of Instrument: |
2013-5-30 |
|
Date of Registration: |
2013-6-21 |
|
Consideration Value: |
$16,192,800.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13062101940094 |
|
Date of Instrument: |
2013-5-30 |
|
Date of Registration: |
2013-6-21 |
|
Nature: |
Legal Charge |
|
In Favor of: |
Wing Hang Credit Limited |
|
Consideration: |
All Monies |
|
2 |
|
|
Memorial No.: |
13021401370024 |
|
Date of Instrument: |
2013-2-6 |
|
Date of Registration: |
2013-2-14 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Beauty Honour Development Limited |
|
Consideration: |
$16,192,800.00 |
|
3 |
|
|
Memorial No.: |
08041103460016 |
|
Date of Instrument: |
2008-3-14 |
|
Date of Registration: |
2008-4-11 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
$9,279,720.00 |
Production Information
The subject is a trader of jewellery, etc. without any production activities.
Purchase Information
It is introduced that subject purchases its products from the mainland of China, India, Thailand and etc.
Sales Information
The subject is mainly engaged in sales of jewellery, etc.
It is introduced that subject major products are gold, silver, platinum, and studded with diamond, watches and etc.
It is introduced that subject’s selling territory include China, Japan, USA, Middle East and Europe, etc.
It is introduced that subject is selling products with brands of its group “GILI” (jewelry), “MORELLATO” (watch).
Settlements
Purchase
Domestic Purchase
|
Products |
Jewellery |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Jewellery |
|
Payment Terms |
L/C, T/T |
Domestic Markets
|
Product |
Jewellery |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Jewellery |
|
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 Mr. Steve rejected to disclose the financial information, from other sources we could not obtain such information, either.
Bankers
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 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 |
Special
Note
Interview Details
|
Name |
Mr. Steve |
|
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
Address: Room 5B, 5th Floor Block A Hunghom Commercial Centre 39 Ma Tau Wai Road Hunghom Kowloon Hong Kong
Block A Hunghom Commercial Centre 39 Ma Tau Wai Road Hunghom Kowloon Hong Kong
%2029-Jun-2015_files/image010.jpg)
5th Floor Block A Hunghom Commercial Centre 39 Ma Tau Wai Road Hunghom Kowloon Hong Kong
%2029-Jun-2015_files/image011.jpg)
Room 5B, 5th Floor Block A Hunghom Commercial Centre 39 Ma Tau Wai Road Hunghom Kowloon Hong Kong
%2029-Jun-2015_files/image012.jpg)
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
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.