MIRA INFORM REPORT
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Report No. : |
343153 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
5C HONG KONG LIMITED |
|
|
|
|
Registered Office : |
Room 1007B, 10/F, Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
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Date of Incorporation : |
31.03.2006 |
|
|
|
|
Com. Reg. No.: |
1035173 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business : |
Trading of jewelry. |
|
|
|
|
No. of Employee : |
About 10 |
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 |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
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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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
HONG KONG ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on internationalTRADE 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 |
Contact
Points
|
Company Name: |
5C Hong Kong Limited |
|
Supplied Name: |
5C HONG KONG LIMITED |
|
Trading Address: |
Room 1007B, 10/F, Guardforce Centre, 3 Hok Yuen Street East, Hunghom,
Kowloon, Hong Kong |
|
Supplied Address: |
Room 10078, 10/F GUARDFORCE CENTRE, 3 HOK YUEN STREET EAST HUNG HOM
KOWLOON |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 1007B,
10/F, Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2627-0099 |
|
Fax Number: |
+852-2627-0086 |
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Date of Registration: |
2006-3-31 |
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Registered Number: |
1035173 |
|
Business Registration No.: |
36760743 |
|
Paid-up Capital: |
USD 1,000,000 = 1,000,000 Shares @ USD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
89731--Articles of jewellery and parts thereof,
of precious metals or metals clad with precious metals (g) |
|
Principal Activities: |
Trading of jewelry, etc. |
|
Staff: |
About 10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-3-31 |
History
Subject was incorporated on 2006-3-31 with the
registered number 1035173 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Major Related Company
|
Name: |
5C-Jewelry Bvba |
|
Registered Address: |
2018 Antwerpen, Hoveniersstraat 30, Bus 147,
Antwerpen, Belgium |
|
Tel: |
+323-234-3930 |
|
Fax: |
+323-233-8506 |
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Jasani Anuj |
1,000,000 |
100% |
|
Total |
1,000,000 |
100% |
Major Shareholder Information:
|
Name: |
Jasani Anuj |
|
Registered Address: |
Flat A, 5/F, Monmouth Villa, 3 Monmouth
Terrace, Wan Chai, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Jasani Anuj |
|
Address: |
Flat A, 5/F, Monmouth Villa, 3 Monmouth
Terrace, Wan Chai, Hong Kong |
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Position: |
Director |
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ID Number: |
R692165(4) |
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Passport Number: |
EH975158 |
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Issuing Country: |
Belgium |
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2 |
|
|
Name: |
SWCS Secretaries Limited |
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Address: |
18/F, Tesbury Centre, 28 Queen’s Road East,
Wanchai, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1513500 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Room 1007B, 10/F, Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop Unit No.7 On 10th Floor Guardforce
Centre No.3 Hok Yuen Street East Kowloon |
|
Owners: |
Tincho Development Company Limited |
|
Memorial Number: |
10092100330336 |
|
Date of Instrument: |
2010-8-23 |
|
Date of Registration: |
2010-9-21 |
|
Consideration Value: |
HKD 6,380,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
14051901010010 |
|
Date of Instrument: |
2014-2-21 |
|
Date of Registration: |
2014-5-19 |
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Nature: |
Order No. Ubcsi/06-04/0020/11 Under Section
24(1) Of The Buildings Ordinance With Plan |
|
In Favor of: |
-- |
|
Consideration: |
-- |
|
2 |
|
|
Memorial No.: |
12120601730140 |
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Date of Instrument: |
2012-11-19 |
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Date of Registration: |
2012-12-6 |
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Nature: |
Second Mortgage |
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In Favor of: |
|
|
Consideration: |
All Moneys |
|
3 |
|
|
Memorial No.: |
10092100330353 |
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Date of Instrument: |
2010-8-23 |
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Date of Registration: |
2010-9-21 |
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Nature: |
Assignment Of Rentals |
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In Favor of: |
|
Production
Information
The subject is a trader of jewelry, without
any production activities.
Purchase
Information
It is introduced that subject’s products are
mainly purchased from related factories or cooperative factories in India and
Belgium
Sales Information
The subject is mainly engaged in sales of
jewelry
It is introduced that subject’s major products
are diamonds, diamond jewelry, gold jewelry and platinum jewelry
Subject’s selling territory is mainly in
domestic market.
Subject’s major customers are individual,
manufactures or designers of jewelry and watches, retailers of jewelry
It is introduced that subject’s group has
branch in Shanghai so that the subject can handle with the custom procesures
for customers to export to the mainland of China.
Settlements
Purchase
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Jewelry |
|
Payment Terms |
L/C. T/T |
Sales
Domestic Markets
|
Product |
Jewelry |
|
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 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
|
Company Name: |
5C Hong Kong Limited (“the Company”) |
|
Instrument of Creating Mortgage: |
Debenture |
|
Date of Creating Mortgage: |
2008-10-10 |
|
Amount Secured: |
In consideration of ABN AMRO Bank N.V. agreeing
(subject to the terms of the Debenture) to grant general banking facilities
to the Company, the Debenture is to secure all moneys which may from time to
time be owing by the Company to ABN AMRO Bank N.V.. |
|
Name of Mortgagee: |
ABN AMRO Bank N.V. |
|
Address of Mortgagee: |
38th Floor, Cheung Kong Centre, No. 2
Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All the company’s undertaking and property
and assets whatsoever and wheresoever both present and future including all
book and other debts revenues and claims both present and future due or owing
or which may become due or owing to the Company, all its uncalled capital,
goodwill and all patents, patent applications, trademarks, trade names,
registered designs and copyrights and all license and ancillary and connected
rights relating to the intangible property both present and future of the
Company. The charge created by the Debenture is a
continuing security and shall be a first floating charge (subject to Clause
3.02 of the Debenture) Clause 3.02 of the Debenture provides that
if the company charges pledges or otherwise encumbers (whether by way of
fixed or floating security) any of the undertaking, property and assets
thereby charged or attempts as to do without the prior consent in writing of
the Lender or if any creditor or other person attempts to levy and distress
execution sequestration or other process against any of the undertaking,
property and assets thereby charged, the floating charge thereby created over
such undertaking, property and assets the subject thereof shall automatically
without notice operate as a fixed charge instantly such event occurs. It is a term of the Debenture and Debenture
contains a covenant that the Company will not (without prior consent in
writing of the Lender) create or agree to create or permit to arise any
mortgage, property and assets or any part thereof comprised in this security
ranking in prority to or pari passu with this Debenture nor shall the Company
sell, transfer, lease or in any way dispose of or any part thereof comprised
in this security (whether by way of fixed or floating charge or otherwise) or
enter into transactions, whether related or not (except in the case of stock
in trade charged by way of floating charge only as aforesaid which may be
sold at market value in the usual course of trading as now conducted and for
the purpose of carrying on the business of the Company). |
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. Jasani |
|
Department: |
Sales Department |
Industry
Information
89731--Articles of jewellery
and parts thereof, of precious metals or metals clad with precious metals (g)
Unit: HKD/000
|
|
2015.06 |
2015.01~2015.06 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
297,480 |
172,064 |
2,589,916 |
1,822,850 |
|
1,728 |
784 |
15,590 |
3,166 |
|
|
Australia |
7,838 |
9,831 |
45,356 |
52,532 |
|
Germany |
6,852,790 |
30,382 |
8,046,585 |
135,402 |
|
The Mainland of China |
11,510,999 |
1,818,819 |
75,617,896 |
11,460,516 |
|
Britain |
199,768 |
267,517 |
1,022,507 |
1,558,654 |
|
India |
2,852,585 |
1,307,492 |
11,322,938 |
5,776,432 |
|
Italy |
6,571,692 |
504,479 |
33,155,259 |
3,025,590 |
|
Exports |
||||
|
Germany |
9,267 |
8,692 |
30,663 |
28,537 |
|
Britain |
57,365 |
116,675 |
242,114 |
333,492 |
|
France |
42,564 |
15,232 |
208,722 |
57,577 |
|
Japan |
10,710 |
7,164 |
110,216 |
63,383 |
|
The Mainland of China |
214,571 |
16,260 |
1,260,063 |
86,978 |
|
India |
15,206 |
340 |
162,464 |
10,658 |
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 |
|
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 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Guardforce Centre, 3 Hok Yuen Street East,
Hunghom, Kowloon, Hong Kong
Guardforce Centre, 3 Hok Yuen Street East,
Hunghom, Kowloon, Hong Kong
Guardforce Centre, 3 Hok Yuen Street East,
Hunghom, Kowloon, Hong Kong
10/F, Guardforce Centre, 3 Hok Yuen Street
East, Hunghom, Kowloon, Hong Kong
Room 1007B, 10/F, Guardforce Centre, 3 Hok
Yuen Street East, Hunghom, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.26 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.