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MIRA
INFORM REPORT
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Report No. : |
498963 |
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Report Date : |
29.03.2018 |
IDENTIFICATION DETAILS
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Name : |
LA PERLE D'ORIENT LIMITED |
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Registered Office : |
10/F., Shun Kwong Commercial Building, 8 Des Voeux Road West |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.08.2000 |
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Com. Reg. No.: |
31219941 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Cultured Pearl, Fine Jewellery,
Imitation Jewellery. |
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No. of Employees : |
5 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Hong Kong |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 reexports, 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 continues to
link its currency closely to the US dollar, maintaining an arrangement
established in 1983.
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 aided a more rapid initial recovery 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 9.4% of
total system deposits in Hong Kong by the end of 2015. 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. Mainland visitors to
Hong Kong declined 3% in 2015 to approximately 45.7 million, reflecting an
overall drop of 2.5% in total visitors to Hong Kong. Hong Kong has also
established itself as the premier stock market for Chinese firms seeking to
list abroad. In 2015, mainland Chinese companies constituted about 51% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 62.1% 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. 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, which took effect in 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. Credit
expansion and a tight housing supply have caused Hong Kong property prices to
rise rapidly; consumer prices increased 2.6% in 2016, but slowed to 2.0% in
2017. Lower- and middle-income segments of the population are increasingly
unable to afford adequate housing.
Hong Kong’s economic integration with the mainland continues to be most
evident in the banking and finance sector. Initiatives like the Hong
Kong-Shanghai Stock Connect, the Mutual Recognition of Funds, and The Hong Kong
Shanghai Gold Connect are all important steps towards opening up the Mainland’s
capital markets and has reinforced Hong Kong’s leading role as China’s offshore
RMB market. Additional connect schemes from bonds to commodities and other
investment products are also under exploration by Hong Kong authorities. In
2017, Chief Executive Lam announced plans to increase government spending on
research and development, education, and technological innovation with the aim
of spurring continued economic growth through greater sector diversification.
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Source
: CIA |
Company name & address
LA PERLE D'ORIENT LIMITED
ADDRESS: 10/F., Shun Kwong
Commercial Building, 8 Des Voeux Road West, Hong Kong.
PHONE: 852-2139 3101
FAX: 852-2139 3103
E-MAIL: lapurhk@gmail.com
MANAGEMENT
Managing Director: Mr. Devchand
Shikharchand Chodhry
SUMMARY
Incorporated on: 23rd August, 2000.
Organization: Private Limited Company.
Issued Share Capital: HK$2,000,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: 5.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Name
LA PERLE D'ORIENT LIMITED
ADDRESS
Registered Head
Office:-
10/F., Shun Kwong Commercial Building, 8 Des Voeux Road West, Hong Kong.
Mailing Address:-
GPO Box No. 1901, Hong Kong.
Associated
Companies:-
La Perle D’Orient Ltd., Japan.
Oriental Pearl Co. Ltd., Japan.
BUSINESS REGISTRATION NUMBER
31219941
COMPANY FILE NUMBER
0728652
MANAGEMENT
Managing Director: Mr. Devchand
Shikharchand Chodhry
ISSUED SHARE CAPITAL
HK$2,000,000.00 (2,000 fully paid ordinary shares)
SHAREHOLDERS
(As per registry dated 23-08-2017)
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Name |
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No. of shares |
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Ratan Ltd. 80 Broad Street, Monrovia, Liberia. |
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995 |
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Panna Ltd. 80 Broad Street, Monrovia, Liberia. |
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995 |
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Devchand Shikharchand CHODHRY |
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10 |
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––––– |
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Total: |
2,000 ==== |
DIRECTORS
(As per registry dated 23-08-2017)
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Name (Nationality) |
Address |
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Devchand Shikharchand CHODHRY |
9/F., Block 47, Baguio Villa, 550 Victoria Road, Pokfulam, Hong Kong. |
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Ratan Ltd. |
80 Broad Street, Monrovia, Liberia. |
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Panna Ltd. |
80 Broad Street, Monrovia, Liberia. |
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Siddharth CHODHRY |
9/F., Block 47, Baguio Villa, 550 Victoria Road, Pokfulam, Hong Kong. |
SECRETARY
(As per registry dated 23-08-2017)
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Name |
Address |
Co. No. |
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Commence Secretaries Ltd. |
Room 2503, 25/F., Bank of America Tower, 12 Harcourt Road, Central,
Hong Kong. |
0084095 |
HISTORY
The subject was incorporated on 23rd August, 2000 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Cultured Pearl, Fine Jewellery, Imitation
Jewellery.
Employees: 5.
Commodities Imported: Europe,
China, Japan, Vietnam, etc.
Markets: Hong Kong, Southeast Asia, Europe, North
America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, O/A etc.
FINANCIAL INFORMATION
Issued Share Capital: HK$2,000,000.00
(2,000 fully paid ordinary shares)
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory condition.
Facilities: Making rather active use of
general banking facilities.
Payment: Regular.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Good.
GENERAL
Having issued 2,000 ordinary shares of HK$1,000.00 each, La Perle
D’Orient Limited is equally owned by two Liberia companies: Ratan Ltd. and
Panna Ltd. The minor shareholder is
Devchand Shikharchand Chodhry, holding 0.5% interests.
The directors of the subject are Devchand Shikharchand Chodhry, Ratan
Ltd, Panna Ltd and Siddharth Chodhry.
D S Chodhry is a Hong Kong ID holder and has got the right to reside in
Hong Kong permanently. He is also
managing director of the subject. He can
be reached at his Hong Kong mobile phone number 852‑9467 7146.
The subject is trading in all kinds of cultured pearls, especially
Tahitian pearls, South Sea pearls, Akoya pearls from Japan, and other pearls
from Vietnam. It also trades in South
Sea Pearl Necklace, Black Pearl Necklace, pearl strands, etc.
Products are marketed in China, exported to Japan, South Korea, Taiwan,
other Asian countries, Europe, North America, Australia, etc. Business is steady and satisfactory.
The subject has an associated company La Perle D’Orient Ltd. which is in
Kobe, Japan [Japan La Perle D’Orient].
This company was set up in 1948.
Now, the Contact person of Japan La Perle D’Orient is Mr. Phyllis
Aspiras.
In order to penetrate the international market further, the subject has
taken part in fairs and exhibitions held in Hong Kong and Shenzhen Special
Economic Zone, China.
Besides, Japan La Perle D’Orient 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 1-N29.
The subject’s business is chiefly handled by D S Chodhry. History in Hong Kong is over 17 years
and seven months.
On the whole, consider it good for normal credit requirements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.04 |
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1 |
INR 92.28 |
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Euro |
1 |
INR 80.62 |
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HKD |
1 |
INR 80.30 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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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.