|
|
|
MIRA
INFORM REPORT
|
Report No. : |
505397 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
J K SONS LIMITED |
|
|
|
|
Registered Office : |
Unit 606, 6/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
21.01.2014 |
|
|
|
|
Com. Reg. No.: |
62665327 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All Kinds of Diamonds. |
|
|
|
|
No. of Employees : |
2 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
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
|
Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
Excess liquidity, low interest rates and a tight housing supply have
caused
The mainland has long been Hong Kong's largest trading partner,
accounting for about half of
The Hong Kong Government is promoting the Special Administrative Region (SAR)
as the preferred business hub for 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, RMB trade settlement is allowed, and investment schemes such as the
Renminbi Qualified Foreign Institutional Investor (RQFII) Program was first
launched in Hong Kong. Offshore RMB activities experienced a setback, however,
after the People’s Bank of China changed the way it set the central parity rate
in August 2015. RMB deposits in Hong Kong fell from 1.0 trillion RMB at the end
of 2014 to 559 billion RMB at the end of 2017, while RMB trade settlement
handled by banks in
During the past decade, as
|
Source
: CIA |
Company name & address
J K SONS LIMITED
ADDRESS: Unit 606, 6/F., Winfield Commercial
Building, 6-8A Prat Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 852-2416 9993
FAX: 852-2416 9992
MANAGEMENT
Managing Director: Mr. Pinkal
Shailesh Kumar Jogani
SUMMARY
Incorporated on: 21st January, 2014.
Organization: Private Limited Company.
Issued Share Capital: HK$10,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: 2.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Name
J K SONS LIMITED
ADDRESS
Registered Head
Office:-
Unit 606, 6/F., Winfield Commercial Building, 6-8A Prat Avenue,
Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
62665327
COMPANY FILE NUMBER
2029286
MANAGEMENT
Managing Director: Mr. Pinkal
Shailesh Kumar Jogani
Contact Person: Mr. Ankit Shah
ISSUED SHARE CAPITAL
HK$10,000.00
SHAREHOLDER
(As per registry dated 21-01-2018)
|
Name |
|
No. of shares |
|
Pinkal Shailesh Kumar JOGANI |
|
10,000 ===== |
DIRECTOR
(As per registry dated 21-01-2018)
|
Name (Nationality) |
Address |
|
Pinkal Shailesh Kumar JOGANI |
|
SECRETARY
(As per registry dated 21-01-2018)
|
Name |
Address |
Co. No. |
|
Buttar Secretarial Ltd. |
Unit 13, 16/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New
Territories, Hong Kong. |
2086550 |
History
The subject was incorporated on 21st January, 2014 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of J.K. & Sons
Ltd., name changed to the present style on 5th November, 2014.
Formerly the subject was located at Room 2103, 21/F., Futura Plaza,
111 How Ming Street, Kwun Tong, Kowloon, Hong Kong, moved to the present
address in January 2015.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: All
Kinds of Diamonds.
Employees: 2.
Commodities Imported: India,
other Asian countries, Europe, etc.
Markets: Kong,
India, other Asian countries, US, etc.
Terms/Sales: CAD, L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Issued Share Capital: HK$10,000.00
Profit or Loss: Made
small profits in past two years.
Condition: Business
keeps on improving.
Facilities: Adequate
for current running.
Payment: Slow but correct.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Small.
GENERAL
J K Sons Limited was incorporated on 21st January, 2014 as a private
limited liability company.
The subject has issued 10,000 ordinary shares of HK$1.00 each which are
wholly-owned by Mr. Pinkal Shailesh Kumar Jogani who is an
The subject is a diamond importer, exporter and wholesaler. It is trading in loose, polished and cut
diamonds. It is significant for its
loose diamonds.
Most of the commodities are imported from India and Europe. Prime markets are Hong Kong, China, the other
Asian countries, the United States, etc.
The United States seems to be one of its largest markets. Business keeps on improving.
The subject’s business is chiefly handled by Mr. Ankit Shah who is also
an India.
In order to penetrate the international market further, the subject
takes part in fairs and exhibitions held in Hong Kong and the other foreign
large cities. For instance, it took part
in “HKTDC Hong Kong International Diamond, Gem & Pearl Show 2018” which had
been held in Hong Kong AsiaWorld-Expo, Lantau, Hong Kong during the period of
27th February to 3rd March, 2018. Its
booth No. was AWE 7-C33.
The history of the subject in Hong Kong is over four years and three
months.
On the whole, consider it good for normal credit requirements in small
credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
|
HKD |
1 |
INR 8.49 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on secured
terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.