MIRA INFORM REPORT
|
Report No. : |
342341 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NIKITA GEMS |
|
|
|
|
Registered Office : |
Flat 9, Block A, 9F, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., To
Kwa Wan, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
20.05.2003 |
|
|
|
|
Com. Reg. No.: |
33622918 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Subject is engaged in trading of diamonds |
|
|
|
|
No. of Employee : |
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 |
|
|
|
|
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 – 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 |
Contact
Points
|
Company Name: |
Nikita Gems |
|
Supplied Name: |
Nikita Gems |
|
Trading Address: |
Unit 9, 9th Floor,
Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road, Hunghom, Kowloon,
Hong Kong |
|
Supplied
Address: |
Unit - 9, 9th
Floor, Tower A, Hunghom Commercial Centre,39 Ma Tau Wai Road, Hunghom,
Kowloon, |
Note: The exact address is as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat 9, Block A, 9F, Hunghom Commercial Centre, 39 Ma Tau Wai Rd., To
Kwa Wan, Kowloon, Hong Kong |
|
Telephone Number: |
+852-3579-2444 |
|
Fax Number: |
+852-2724-5442 |
|
Date of Registration: |
2003-5-20 |
|
Business Registration No.: |
33622918 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
SITC Code: |
66729--Diamonds, non-industrial, otherwise worked, but not mounted or
set (cm) |
|
Principal Activities: |
Trading of diamonds |
|
Staff: |
About 10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: It is not required
registered capital for the company of Sole Proprietorship. The number of staff is from public files,
which is not confirmed by the subject.
History
Subject was incorporated on 2003-5-20 with the business registered number
33622918 as Sole Proprietorship 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.
Owner
|
Name: |
Banthia Virendra |
|
Address: |
Flat 3A, 3F, Housing Sun Building, 45-47 Carnarvon Rd., Tsim Sha Tsui, Kowloon,
Hong Kong |
|
ID Number: |
R3915181 |
|
Incoming Date: |
2003-5-20 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices
& Factories
|
|
Office |
|
Address: |
Unit 9, 9th Floor, Tower A, Hunghom Commercial
Center, 39 MA Tau Wai Road, Hunghom, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit No.9 (Formerly Known As Unit17) On 9th Floor Of Tower A Hunghom
Commercial Centre No.39 Ma Tau Wai Road Kowloon, Hong Kong |
|
Owners: |
Nikita Trading Limited |
|
Memorial Number: |
10123102420037 Assignment |
|
Date of Instrument: |
2010-12-6 |
|
Date of Registration: |
2010-12-31 |
|
Consideration Value: |
$8,832,000.00 |
History
of Premises Owners’
|
1 |
|
|
Memorial No.: |
15090901600195 |
|
Date of Instrument: |
2015-6-5 |
|
Date of Registration: |
2015-9-9 |
|
Nature: |
Order No. D00094/K/15 By The Building Authority Under Section 26 Of The
Buildings Ordinance |
|
In Favor of: |
-- |
|
Consideration: |
-- |
|
2 |
|
|
Memorial No.: |
14032500530126 |
|
Date of Instrument: |
2014-2-27 |
|
Date of Registration: |
2014-3-25 |
|
Nature: |
Mortgage |
|
In Favor of: |
Industrial And Commercial Bank Of China (Asia) Limited |
|
Consideration: |
All Monies |
|
3 |
|
|
Memorial No.: |
10123102420014 |
|
Date of Instrument: |
2010-10-15 |
|
Date of Registration: |
2010-12-31 |
|
Nature: |
Nomination |
|
In Favor of: |
Nikita Trading Limited |
|
Consideration: |
-- |
Production
Information
l Subject is a trader of diamonds, etc. without any production activities.
Purchase
Information
l It is introduced that subject’s diamonds are purchased from India.
Sales
Information
l Subject is engaged in trading of diamonds, etc.
l Subject’s major products are full cut and polished white diamonds, rough
diamonds, and diamond jewelry, etc.
l Subject’s sale regions cover domestic market and abroad.
l Subject’s major types of customers are individual, manufacturers of
jewelry and watches, dealers.
Settlements
Purchase
1.
Domestic Purchase
Subject has little domestic purchase.
2.
Import
|
Products |
Diamonds, etc. |
|
Payment Terms |
L/C, T/T, etc. |
1.
Domestic Markets
|
Product |
Diamonds, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Diamonds, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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
|
1 |
|
|
Date: |
2015-06-05 |
|
Court Name: |
District Court
Miscellaneous Proceedings |
|
Court No.: |
1362 |
|
Claimant: |
SECRETARY FOR JUSTICE for
and behalf of the COMMISSIONER OF POLICE |
|
Defendant: |
Chun Ngai Jewellery
Design CO LTD |
|
Reason: |
Interpleader |
|
Date: |
2013-7-23 |
|
Court Name: |
District Court Civil
Action |
|
Court No.: |
1870 |
|
Claimant: |
Banthia Virendra trading as NIKITA GEMS DCCJ 1870/2013 |
|
Defendant: |
Wah Ngai Hong Jewelry
Company Limited |
|
Reason: |
Summons (For final
judgment) |
|
3 |
|
|
Date: |
2013-5-24 |
|
Court Name: |
District Court Civil
Action |
|
Court No.: |
1869 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Unit 909, 9/F, Tower A,
HungHom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kln c/o Boase, Cohen &
Collins (a firm) |
|
Defendant: |
Hop Shing Jewelry
Manufacturing Ltd c/o Unit 6A, Valiant
Commercial Building, 22-24 Prat Avenue, Tsim Sha Tsui, Kln |
|
Reason: |
Goods sold and
delivered |
|
Amount(USD): |
67,839.00 |
|
4 |
|
|
Date: |
2013-5-24 |
|
Court Name: |
District Court Civil
Action |
|
Court No.: |
1870 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Unit 909, 9/F, Tower A,
HungHom Commercial Centre, 39 Ma Tau Wai Road,
Hung Hom, Kln c/o Boase, Cohen &
Collins (a firm) |
|
Defendant: |
Wah Ngai Hong Jewelry
Co Ltd c/o Unit 5, 23/F,
Enterprise Square Two, No.3 Sheung Yuet Road, Kowloon Bay, Kln |
|
Reason: |
Goods sold and
delivered |
|
Amount(USD): |
95,598.45 |
|
5 |
|
|
Date: |
2012-7-17 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
1227 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Wongs (a firm) |
|
Defendant: |
Tsang Kam Hung Joseph
(D1) Chun Ngai Jewellery
Design Co Ltd (D2) c/o Flat A, 3/F, Block B,
Cornwall Court, 54 King's Road, HK c/o Flat C, 8/F, Chi Fu Fa
Yuen, Pok Fu Lam, HK (D1) c/o G/F, 73 Wan Chai Road,
Wan Chai, HK (D2) |
|
Reason: |
Debt |
|
6 |
|
|
Date: |
2011-6-7 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
008676/11 |
|
Claimant: |
Daga Ashokkuwan (SCTC008676/11) Virendra Banthia Daga
Ashokkumar t/a Nikita Gems Vivendia Banthia |
|
Defendant: |
Golden Sharp Jewellery
Co. Ltd |
|
Reason: |
Goods Sold and
Delivered |
|
7 |
|
|
Date: |
2011-3-30 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
008676/11 |
|
Claimant: |
Daga Ashokkuwan (SCTC008676/11) Vivendra Banthia Daga Ashokkumar t/a Nikita Gems |
|
Defendant: |
Golden Sharp Jewellery
Co. Ltd |
|
Reason: |
Goods Sold and
Delivered |
|
8 |
|
|
Date: |
2010-2-4 |
|
Court Name: |
District Court Civil
Action |
|
Court No.: |
397 |
|
Claimant: |
Banthia Virendra t/a Nikita Gems c/o Ocean View Court, 27
Chartham Road, Tsim Sha Tsui, Kln c/o Yeong & Co (a firm) |
|
Defendant: |
Prince Creations
Jewelry Co Ltd c/o Flat B, 8/F, Valiant Commercial
Building, Nos.22-24 Prat Avenue, Tsim Sha Tsui, Kln |
|
Reason: |
Goods Sold and
Delivered |
|
Amount(USD): |
27,505.50 |
|
9 |
|
|
Date: |
2006-12-30 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
063584/06 |
|
Claimant: |
Virendra Banthia t/a Nikita Gems (SCTC063584/06) |
|
Defendant: |
Readtain (Int'l)
Trading Ltd. c/o Unit 1205, 12/F,
Chuang's Hunghom Plaza, 83 Wu Hu Street, Hunghom, Kln |
|
Reason: |
Dishonored Cheque |
Special
Note
Interview Details
|
Department: |
Sales Department |
Industry
Information
66729--Diamonds, non-industrial, otherwise
worked, but not mounted or set (cm)
Unit: HKD/000
|
|
2015.06 |
2015.01~2015.06 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
99,460 |
905,159 |
647,153 |
5,464,977 |
|
Switzerland |
6,409 |
199,072 |
48,333 |
1,399,228 |
|
Israel |
53,917 |
1,623,498 |
304,676 |
9,093,356 |
|
USA |
282,887 |
1,883,967 |
993,454 |
6,852,878 |
|
Belgium |
110,151 |
1,638,056 |
561,647 |
8,625,638 |
|
Thailand |
99,160 |
492,720 |
388,041 |
1,822,712 |
|
Japan |
56,719 |
371,240 |
236,575 |
1,664,163 |
|
Italy |
3,244 |
20,309 |
13,350 |
96,012 |
|
India |
955,874 |
5,467,092 |
5,645,538 |
30,408,178 |
|
The Mainland of China |
105,388 |
880,886 |
559,342 |
4,632,952 |
|
Exports |
||||
|
United Arab Emirates |
88,055 |
792,393 |
637,402 |
5,288,342 |
|
India |
263,998 |
1,825,623 |
1,829,493 |
10,136,195 |
|
America |
110,964 |
1,103,321 |
708,067 |
6,949,687 |
|
20,684 |
146,991 |
139,735 |
1,039,637 |
|
|
Thailand |
93,610 |
421,965 |
493,269 |
1,816,612 |
|
107,387 |
1,236,704 |
577,229 |
6,950,409 |
|
|
The Mainland of China |
256,037 |
1,335,949 |
1,563,439 |
8,246,408 |
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
Address: Unit 9,
9th Floor, Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road, Hunghom,
Kowloon, Hong Kong
Tower A, Hunghom
Commercial Center, 39 MA Tau Wai Road, Hunghom, Kowloon, Hong Kong
Tower A, Hunghom
Commercial Center, 39 MA Tau Wai Road, Hunghom, Kowloon, Hong Kong
9th Floor, Tower
A, Hunghom Commercial Center, 39 MA Tau Wai Road, Hunghom, Kowloon, Hong Kong
Unit 9, 9th Floor,
Tower A, Hunghom Commercial Center, 39 MA Tau Wai Road, 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
: |
KAR |
|
|
|
|
Report Prepared
by : |
ASH |
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.