MIRA INFORM REPORT
|
Report No. : |
344606 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIVA INTERNATIONAL HK LIMITED |
|
|
|
|
Registered Office : |
Unit 206, Fu Hang Industrial Building, 1 Hok
Yuen Street East, Hunngh Hom, Kowloon |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
14.06.2011 |
|
|
|
|
Com. Reg. No.: |
58510784 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
TRADING OF DIAMOND |
|
|
|
|
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 : |
Slow but correct |
|
|
|
|
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) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 12.5% 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: |
Viva International HK Limited |
|
Supplied Name: |
VIVA INTERNATIONAL HK LTD |
|
Trading Address: |
Unit 206, Fu Hang Industrial Building, 1 Hok
Yuen Street East, Hunngh Hom, Kowloon, Hong Kong |
|
Supplied Address: |
UNIT -206,FU HANG INDUSTRIAL BULDING,1 HOK YUEN STREET
EAST,KOWLOON,HUNGHOM,HONGKONG |
Note: The exact name and address are as above.
The supplied number 32475363520 is not available.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 206, Fu
Hang Industrial Building, 1 Hok Yuen Street East, Hunngh Hom, Kowloon, Hong
Kong |
|
Telephone Number: |
+852-2954-4999 |
|
Fax Number: |
+852-2954-4996 |
|
E-mail: |
|
|
Date of Registration: |
2011-06-14 |
|
Registered Number: |
1616154 |
|
Business Registration No.: |
58510784 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.10, 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 diamond |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-06-12 |
Notes: Subject declined
to disclose the number of staff, and we cannot obtain the information from
other source, either.
History
Subject was incorporated on 2011-06-14 with
the registered number 1616154 as Private Limited Liability Company in Hong
Kong.
Corporate Structure
Related Companies
|
1 |
|
|
Name: |
Likin Gems Pvt. Ltd. / L.D. Sheth (HUF) |
|
Address: |
CC 4051/52, Bandra Kurla Complex, Bandra (East),
Mumbai 400051, India. |
|
Tel: |
91-22-368-6160/2/ 3 |
|
Mobil: |
9820084222 |
|
Fax: |
91-22-2368-6164 |
|
E-mail: |
|
|
2 |
|
|
Name: |
Likin Gems Pvt. Ltd. |
|
Address: |
108, Pancharatna Bldg, Opera House, Mumbai
400004. India. |
Work Shop
|
Address: |
55A Murad Mansion, S.V.P Road, Opera House,
Mumbai 400004, India. |
Shareholder
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Sheth Nikhil Lalit |
10,000 |
100% |
|
Total |
10,000 |
100% |
Shareholder Information:
|
Name: |
Sheth Nikhil Lalit |
|
Address: |
5 K, Tower 2, Harbour Place, 8 OI King
Street, Hung Hom, Kowloon, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Sheth Nikhil Lalit |
|
Address: |
5 K, Tower 2, Harbour Place, 8 OI King
Street, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R633684(0) |
|
2 |
|
|
Name: |
Sheth Anishi Nikhil |
|
Address: |
5 K, Tower 2, Harbour Place, 8 OI King
Street, Hung Hom, Kowloon, Hong Kong |
|
Position: |
Director & Secretary |
|
ID Number: |
R641207(5) |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 206, Fu Hang Industrial Building, 1 Hok
Yuen Street East, Hunngh Hom, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit No.6 on 2nd Floor, Fu Hang Industrial
Building, No.1 Hok Yuen Street East, Kowloon |
|
Owners: |
Viva International HK Limited |
|
Memorial Number: |
11120500850099 Assignment |
|
Date of Instrument: |
2011-11-21 |
|
Date of Registration: |
2011-12-05 |
|
Consideration Value: |
HKD 5,460,000 |
Production Information
Subject is a trader of diamond, etc. without any production activities.
It is introduced that subject’s related company has a work shop in India
for processing.
Purchase Information
The products of subject are mostly purchased in subject’s related company
in India.
Sales Information
Subject is engaged in sales of diamond, etc.
The major products are cut diamond, polished diamond, reproduction
diamond, jewellery and gems, etc.
It is introduced that subject also provide the service of processing, such
as laser drillings, kerf and sawing.
Subject’s sales regions include domestic market, Southeast Asia, North
America and Europe, etc.
Subject’s major customers are manufacturers of jewellery, shops of
jewellery and gems, etc.
Settlements
PURCHASE
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Diamond, etc. |
|
Payment Terms |
L/C, T/T, etc. |
SALES
Domestic Markets
|
Product |
Diamond, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Diamond, 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, and from other sources we could not obtain such
information, either.
Bankers
Open Account Bank
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
|
Company Name: |
Viva International HK Limited |
|
Date of Creating Mortgage: |
2011-11-21 |
|
Name of Mortgagee: |
Standard Chartered Bank (Hong Kong) Limited |
|
Address of Mortgagee: |
32nd Floor, 4-4A Des Voeux Road,
Central, Hong Kong |
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. Snehal Shah |
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 |
|
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
Address: Unit 206, Fu Hang
Industrial Building, 1 Hok Yuen Street East, Hunngh Hom, Kowloon, Hong Kong
Fu Hang Industrial Building, 1 Hok Yuen Street
East, Hunngh Hom, Kowloon, Hong Kong
Unit 206, Fu Hang Industrial Building, 1 Hok
Yuen Street East, Hunngh Hom, Kowloon, Hong Kong
Unit 206, Fu Hang Industrial Building, 1 Hok
Yuen Street East, Hunngh Hom, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
NIT |
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.