MIRA INFORM REPORT
|
Report No. : |
323208 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
DYNAMIC INTERNATIONAL |
|
|
|
|
Registered Office : |
C-2, 12 F, Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
02.06.1987 |
|
|
|
|
Com. Reg. No.: |
11054391 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Trading of Jewelry and Diamonds. |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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
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: |
DYNAMIC INTERNATIONAL |
|
Supplied Name: |
DYNAMIC INTERNATIONAL |
|
Trading Address: |
C-2, 12 F, Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon, Hong
Kong |
|
Supplied Address: |
12th Floor, Block C - 2, Hankow Centre, 1 Middle Road, TST Kowloon, |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
C-2, 12 F,
Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2722-6651/9016-0540 |
|
Fax Number: |
+852-2367-6755 |
|
Date of Registration: |
1987-6-2 |
|
Business Registration No.: |
11054391 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
SITC Code: |
89731--Articles of jewellery and parts
thereof, of precious metals or metals clad with precious metals (g) |
|
Principal Activities: |
Trading of jewelry and diamonds, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: We cannot obtain the registered capital
for the company with the legal form of Sole Proprietorship. Subject declined to
disclose the number of staff, and from other source we cannot obtain the
information, either.
History
Subject was incorporated on 1987-6-2 with the
business registered number 11054391 as Sole Proprietorship in Hong Kong.
Corporate Structure
Office
|
Name: |
Japan Office |
|
Address: |
#206, Wing Kugawa Mansion, 4-8-23
Kamiishida, Kofu-shi, Yamanashi-Ken, Japan 400 0041 |
|
Tel: |
+81-55-227-3325 |
|
Fax: |
+81-55-227-7505 |
Owner
|
Name: |
Malpani, Ashwani Kumar |
|
Address: |
Flat 18B, Star Mansion, Minden Row, Kowloon,
Hong Kong |
|
Position: |
Owner |
|
ID Number: |
K9777369 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
C-2, 12 Floor, Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon,
Hong Kong |
Premises Information
Office address:
|
Address: |
Flat C2 On 12/F & Portion No.178 Of Main
Roof Hankow Centre No.47 Peking Rd., No.4A Ashley Rd. & No.1C Middle Rd.
Kowloon |
|
Owners: |
Malpani, Ashwani Kumar |
|
Memorial Number: |
05090900430197 Assignment |
|
Date of Instrument: |
2005-8-10 |
|
Date of Registration: |
2005-9-9 |
|
Consideration Value: |
HKD 2,300,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
12083102690092 |
|
Date of Instrument: |
2012-8-3 |
|
Date of Registration: |
2012-8-31 |
|
Nature: |
Mortgage |
|
In Favor of: |
Shanghai Commercial Bank Limited |
|
Consideration: |
All Monies |
|
2 |
|
|
Memorial No.: |
05071300430043 |
|
Date of Instrument: |
2005-6-17 |
|
Date of Registration: |
2005-7-13 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Malpani, Ashwani Kumar |
|
Consideration: |
HKD 2,300,000.00 |
|
3 |
|
|
Memorial No.: |
UB8085108 |
|
Date of Instrument: |
2000-4-29 |
|
Date of Registration: |
2000-5-25 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Yeoh Weng Kion |
|
Consideration: |
HKD 2,260,000.00 |
Production Information
Subject is engaged in trading of jewelry and
diamonds without any production activities.
Purchase Information
The products sold by the subject are mainly purchased
from the Mainland of China and India.
Sales Information
Subject is engaged in sale of jewelry and
diamonds.
The major products are rings, earrings,
bracelets, brooches and pendants, necklaces, fancy color diamonds, cut
diamonds, slice diamonds, icy diamonds, rough diamonds, color diamond beads and
other stones, etc.
Subject’s major sales regions include domestic
market, Japan, Singapore, Southeast Asia, Europe, America.
The major customers of the subject are jewelry
stores and manufacturers of watches and jewelry, etc.
Settlements
Purchase
Domestic Purchase
|
Products |
Jewelry and diamonds |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Jewelry and diamonds |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Jewelry and diamonds |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Jewelry and diamonds |
|
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 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 the 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. Malpani |
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 |
|
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 |
|
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
We visited the following address and found
subject is located on it, but there is no subject’s name on the wall. The
following information is for your reference.
Address: C-2, 12 F, Hankow Center, 1 Middle Road, Tsim Sha Tsui,
Kowloon, Hong Kong
Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon, Hong Kong
C-2, 12 F, Hankow Center, 1 Middle Road, Tsim Sha Tsui, Kowloon, Hong
Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.99.67 |
|
Euro |
1 |
Rs.70.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.