MIRA INFORM REPORT
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Report No. : |
346455 |
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Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
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Name : |
RIO DIAM HK LIMITED |
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Registered Office : |
Rm. 1401A, 14F, Lee Wai Building, 1-3 Hart
Avenue, Tsimshatsui, Kowloon |
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Country : |
Hongkong |
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Date of Incorporation : |
25.02.2014 |
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Com. Reg. No.: |
62788496 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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) |
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Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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Company Name: |
Rio Diam HK Limited |
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Supplied Name: |
Rio Diam HK Ltd |
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Supplied Address: |
RM 512/5 F Tower B New, Mandarian Plaza 14 Science Museum Rd TST Kln |
Note: The exact name
and address are as above.
Special Note
We cannot obtain any operation or contact
information of the subject from public files according to the supplied name or
address.
Since the supplied address is that of
subject’s company secretary, we cannot obtain any valid information of the
subject according to it.
We visited the registered address of the
subject, but did not find the subject on it. We found another company named
Sunny Diamonds on the address, but the relevant staff of the company said he
did not know the subject.
Up to the date of reporting, we failed to get
in touch with subject. If you can supply further information such as current telephone
number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
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Registered Name: |
|
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Registered Address: |
Rm. 1401A, 14F,
Lee Wai Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong |
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Date of Registration: |
2014-2-25 |
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Registered Number: |
2041528 |
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Business Registration No.: |
62788496 |
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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 |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2015-2-25 |
Notes: Since we didn’t
find subject, the principal activities and staff number are not available from
any sources.
History
Subject was incorporated on 2014-2-25 with the
registered number 2041528 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Patel Ketankumar Ghanshyambhai |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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Name: |
Patel Ketankumar Ghanshyambhai |
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Address: |
F 201, Shreeji Darshan Appt, Ramnagar AK
Rd., Varachha, Surat City Pin: 395008, Gujarat, India |
Management Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Patel Ketankumar Ghanshyambhai |
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Address: |
F 201, Shreeji Darshan Appt, Ramnagar AK
Rd., Varachha, Surat City Pin: 395008, Gujarat, India |
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Position: |
Director |
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Passport Number: |
L2436591 |
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Issuing Country: |
India |
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2 |
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Name: |
Wealth Creation Secretarial Services Limited
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Address: |
Rm. 512, 5F, Tower B, New Mandarin Plaza, 14
Science Museum Rd., Tsimshatsui, Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
905776 |
Operation Information
Offices & Factories
We cannot confirm subject current trading
address at this stage.
Operation Information
From public files, we cannot obtain any operation
information of the subject. Since we did not get in touch with the subject, the
information is not available from any other source.
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.
Since we didn't get in touch with subject, the
relevant information is not available from any sources.
Bankers
Since we didn't get in touch with subject, the
bank information is not available from any sources.
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.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
Address: Rm 1401A, 14F, Lee Wai Building, 1-3 Hart Avenue, Tsimshatsui,
Kowloon, Hong Kong
Lee Wai Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong
Rm 1401A, 14F, Lee Wai Building, 1-3 Hart Avenue, Tsimshatsui, Kowloon,
Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
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Analysis Done by
: |
HEE |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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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 |
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|
-- |
NB |
New Business |
-- |
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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.