MIRA INFORM REPORT
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Report No. : |
310275 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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Name : |
HYSNTI DIAMOND COMPANY LIMITED |
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Registered Office : |
Flat B, 8F, Merchantile House 186-188 Nathan Rd., Tsim Sha Tsui, Kowloon |
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Country : |
Hongkong |
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Date of Incorporation : |
11.06.2009 |
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Com. Reg. No.: |
50786313 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available (Note: We tried
to confirm obtain the details activity but the same is not available from any
source.) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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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) |
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Hongkong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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 |
HONGKONG - 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
Point
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Company Name (in English): |
Hysnti Diamond Company Limited |
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Supplied Name: |
Hysnti Diamond Company |
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Supplied Address: |
Mercantile House, Flat No RM 8 186-188 Nathan Road Taim Sha Tsui, Hong
Kong. |
Note: The exact name is
as above.
Special
Note
According to the supplied name, we found a
telephone number +852-2771-1368 from public files. We tried to contact the
subject through the number several times, and no one answered it.
We visited the supplied address, which is also
subject’s registered address, but did not find the subject on it. We tried to
knock the door but no one answered it.
From public files, we found subject is engaged
in trading of diamonds and jewelry, etc.
Update to date of reporting, we failed to get
in touch with subject. If you can supply further information such as current
telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company
Identification Details
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Registered Name: |
|
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Registered Address: |
Flat B, 8F,
Merchantile, House, 186-188 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong |
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Telephone Number: |
+852-2771-1368 |
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Fax Number: |
+852-2782-4378 |
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Date of Registration: |
2009-6-11 |
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Registered Number: |
1344890 |
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Business Registration No.: |
50786313 |
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Paid-up Capital: |
HKD 1 (USD 0.129) = 1 Shares@ HKD 1 (As of 2015.1, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-6-11 |
Notes: Since we didn’t
find subject, the principal activities and staff number are not available from
any sources.
History
Subject was incorporated on 2009-6-11 with the
registered number 1344890 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Chang Yaoqing |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder Information:
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Name: |
Chang Yaoqing |
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Address: |
Flat B, 8F, Merccantile House, 186-188,
Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Chang Yaoqing |
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Address: |
Flat B, 8F, Merccantile House, 186-188,
Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong |
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Position: |
Director |
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Passport Number: |
G22569977 |
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Issuing Country: |
People’s Republic of China |
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2 |
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Name: |
Able Consultants Limited |
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Address: |
Rm. 906, 9th F, Tai Tung
Building, 8 Fleming Rd., Wanchai, HK |
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Position: |
Corporate Secretary |
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Registered Number: |
685957 |
Operation
Information
Offices &
Factories
We cannot confirm subject current trading
address at this stage.
Operation
Information
From public files, we found subject is engaged
in trading of diamonds and jewelry, etc.
The major products of the subject include
diamond ring, diamond nechlace, diamonds, etc.
Since we did not contact the subject, the
above information is not confirmed by the subject.
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.
Since we didn't get in touch with subject, the
relevant information is not available from any sources.
Bankers
Since we didn't get in touch with subject, the bank information is not
available from any sources.
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.
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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 |
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High Court Companies Winding-Up: |
Clear |
Attachment
Address: Flat B, 8F, Merchantile House, 186-188 Nathan Rd., Tsim Sha
Tsui, Kowloon, Hong Kong
Merchantile House, 186-188 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong Kong
8F, Merchantile House, 186-188 Nathan Rd., Tsim Sha Tsui, Kowloon, Hong
Kong
Flat B, 8F, Merchantile House, 186-188 Nathan Rd., Tsim Sha Tsui,
Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
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|
1 |
Rs.94.96 |
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Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.