MIRA INFORM REPORT
|
Report No. : |
321775 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JASANI (HK) LIMITED |
|
|
|
|
Registered Office : |
Unit 5, 14/F Peninsula Square, No. 18 Sung
On Street, Hung Hom, Kln |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
09.07.2014 |
|
|
|
|
Com. Reg. No.: |
63559830 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
TRADING OF DIAMONDS. |
|
|
|
|
No. of Employee : |
About 5 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New company |
|
|
|
|
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 – 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 |
|
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
internationalTRADE%20LIMITED%20-%20321775%2016-May-2015_files/image014.gif){kind=small}
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: |
Jasani (HK)
Limited |
|
Supplied Name: |
JASANI (HK) LIMITED |
|
Trading Address: |
Unit 5, 14/F Peninsula Square, No. 18 Sung
On Street, Hung Hom, Kln, Hong Kong |
|
Supplied Address: |
14/F,UNIT 05, PENINSULA SQUARE, 18 SUNG ON STREET,HUNG
HOM,KNOWLOON,HONG KONG. |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 5, 14/F
Peninsula Square, No. 18 Sung On Street, Hung Hom, Kln, Hong Kong |
|
Telephone Number: |
+852-2739-1022 |
|
Fax Number: |
+852-2311-3810 |
|
Date of Registration: |
2014-7-9 |
|
Registered Number: |
2118382 |
|
Business Registration No.: |
63559830 |
|
Paid-up Capital: |
HKD 780,000 (USD 100,620) = 780,000 Shares@
HKD 1 (As of 2015.05, 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 and etc. |
|
Staff: |
About 5 Employees |
|
Listed at Stock Exchange: |
No |
Notes: The exact
telephone number is as above. The supplied telephone number +852-25 57-1708 was
no one answered.
History
Subject was incorporated on 2014-7-9 with the
registered number 2118382 as Private Limited Liability Company in Hong Kong.
Change of Capital:
Particulars of the increase are as follows:
|
Date of Resolution |
Paid-up Capital |
Amount of Additional Capital |
New Amount of Total Paid-up Capital |
|
2015-4-8 |
1 |
779,999 |
780,000 |
Corporate
Structure
Major Related Companies
|
1 |
|
|
Name: |
Fine Diamond (HK) Limited |
|
Address: |
Unit 5, 14/F., Peninsula Square, No.18 Sung On Street, Hung Hom,
Kowloon, Hong Kong |
|
Date of Registration: |
1991-2-19 |
|
Registered Number: |
299955 |
|
2 |
|
|
Name: |
Diaman Exports Pvt. Ltd. |
|
Address: |
Pramod Industrial Estate, Off Western Express
Highway, Mumbai 400 063, India |
|
Tel: |
+91-22-2927-1541 |
|
Fax: |
+91-22-2927-1547 |
|
3 |
|
|
Name: |
Jasani USA |
|
Address: |
589, 5th Avenue, Suite 1206 New York, NY
10017 |
|
Tel: |
+1-212-257-6465 |
|
Fax: |
+1-212-300-2815 |
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Uni Gem (India) Private Limited |
780,000 |
100% |
|
Total |
780,000 |
100% |
Major Shareholder Information:
|
Name: |
Uni Gem (India) Private Limited |
|
Address: |
HW 6010, Tower H, West Core, Bharat Diamond
Bourse, Bandra Kurla Complex Bandra (E) Mumbai 400051, India |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Shah Ameet Mugatlal |
|
Address: |
301 Montblanc, 550 Jame Jamshed Road,
Central Matunga, Mumbai 400019, Maharashtra, India |
|
Position: |
Director |
|
Passport Number: |
Z2025995 |
|
Issuing Country: |
India |
|
2 |
|
|
Name: |
Shah Mukesh Kanaiyalal |
|
Address: |
9, Sonmarg, 67-B Nepeansea Road, Mumbai,
Maharashtra 400006 India |
|
Position: |
Director |
|
Passport Number: |
Z2469657 |
|
Issuing Country: |
India |
|
3 |
|
|
Name: |
|
|
Address: |
1400, Shanudeep, 14th Floor, 10-Altamount
Road, Mumbai 400026, India |
|
Position: |
Director |
|
Passport Number: |
Z2175442 |
|
Issuing Country: |
India |
|
4 |
|
|
Name: |
Buttar Secretarial Services Limited |
|
Address: |
Unit 13, 16/F., Asia Trade Centre, No.79 Lei
Muk Road, Kwai Chung, N.T., Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1906147 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Unit 5, 14/F Peninsula Square, No. 18 Sung
On Street, Hung Hom, Kln, Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit 5 on 14th Floor of East Wing, Peninsula
Square, No.18 Sung On Street Kowloon |
|
Owners: |
Maxplus Limited |
|
Memorial Number: |
12090301320077 Assignment |
|
Date of Instrument: |
2012-8-23 |
|
Date of Registration: |
2012-9-3 |
|
Consideration Value: |
HKD 10,626,500.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
12090301320112 |
|
Date of Instrument: |
2012-8-23 |
|
Date of Registration: |
2012-9-3 |
|
Nature: |
Second rental assignment |
|
In Favor of: |
Standard Chartered Bank (Hong
Kong) Limited |
|
2 |
|
|
Memorial No.: |
12090301320100 |
|
Date of Instrument: |
2012-8-23 |
|
Date of Registration: |
2012-9-3 |
|
Nature: |
Rental assignment |
|
In Favor of: |
Standard Chartered Bank (Hong
Kong) Limited |
|
3 |
|
|
Memorial No.: |
12090301320099 |
|
Date of Instrument: |
2012-8-23 |
|
Date of Registration: |
2012-9-3 |
|
Nature: |
Tripartite second legal charge/mortgage |
|
In Favor of: |
Standard Chartered Bank (Hong
Kong) Limited |
|
Consideration: |
All moneys |
Production
Information
Subject is a trader of diamonds, etc without
any production activities.
Purchase
Information
It is introduced that subject imports its products mainly
from India
Sales Information
Subject is engaged in sales of diamonds
Subject’s major products are cut diamonds
It is introduced that subject is selling some
diamonds with GIA certification.
Subject’s sales region is mainly in Hong Kong
domestic market.
Subject’s major customers are retailers,
designers, jewellery manufacturers and individuals
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamond |
|
Payment Terms |
T/T |
Sales
Domestic Markets
|
Product |
Diamonds |
|
Selling Terms |
Cash, T/T |
Export
Subject has little export.
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. Ho rejected to
disclose the financial information, from other sources we could not obtain such
information, either.
Bankers
|
Name: |
Hongkong and Shanghai Banking Corporation |
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 |
Ms. Ho |
Industry
Information
66729--Diamonds,
non-industrial, otherwise worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
113,655 |
854,839 |
1,452,417 |
10,085,815 |
|
Brazil |
33 |
1,437 |
174 |
5,836 |
|
Australia |
2,033 |
41,188 |
10,332 |
181,710 |
|
Belgium |
81,093 |
1,198,674 |
1,070,230 |
181,710 |
|
Germany |
154 |
614 |
18,279 |
80,845 |
|
Canada |
202 |
1,578 |
7,643 |
104,109 |
|
Switzerland |
5,866 |
161,374 |
56,112 |
1,665,846 |
|
Japan |
36,378 |
286,671 |
497,269 |
3,174,371 |
|
Thailand |
65,194 |
243,239 |
657,318 |
3,002,179 |
|
India |
765,990 |
3,982,962 |
12,544,931 |
64,883,740 |
|
The Mainland of China |
117,833 |
912,624 |
1,337,780 |
10,148,553 |
|
Exports |
||||
|
United Arab Emirates |
-- |
-- |
54 |
4,421 |
|
Israel |
61 |
10,875 |
153 |
38,772 |
|
-- |
-- |
3 |
116 |
|
|
Thailand |
-- |
-- |
422 |
1,865 |
|
USA |
140 |
2,916 |
2,982 |
55,371 |
|
Belgium |
2 |
74 |
463 |
70,594 |
|
Singapore |
-- |
-- |
28 |
4,990 |
|
The Mainland of China |
186 |
496 |
4,894 |
15,396 |
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
We made an on-site visit to the supplied address, and confirmed subject
is at this location. However, we didn’t find subject’s own name plate on the
wall. The name plate found belongs to subject’s related company named “Fine Diamond (HK) Limited”.
Unit 5, 14/F Peninsula Square, No. 18 Sung On
Street, Hung Hom, Kln, Hong Kong
%20LIMITED%20-%20321775%2016-May-2015_files/image015.jpg)
Unit 5, 14/F Peninsula Square, No. 18 Sung On
Street, Hung Hom, Kln, Hong Kong
%20LIMITED%20-%20321775%2016-May-2015_files/image016.jpg)
Unit 5, 14/F Peninsula Square, No. 18 Sung On Street,
Hung Hom, Kln, Hong Kong
%20LIMITED%20-%20321775%2016-May-2015_files/image017.jpg)
Unit 5, 14/F Peninsula Square, No. 18 Sung On
Street, Hung Hom, Kln, Hong Kong
%20LIMITED%20-%20321775%2016-May-2015_files/image018.jpg)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.