2
Date of Report: Jun 11, 2014

AXIOM LIMITED
Attention : MS TRIPTI BANSAL
******************************
RETURN TO TAMMY CHAN
********************
Hong Kong
 

D-U-N-S 66-343-3460
AXIOM LIMITED
彤安有限公司
 
  RM 4511 45/F THE CENTER  
  99 QUEEN'S RD C CENTRAL DISTRICT , HONG KONG ISLAND HONG KONG  
Tel 852 - 21809431
 

 
Dun & Bradstreet

GLOSSARY
COMPANY HIGHLIGHTS Company Performance at a glance
COMPANY PROFILE Profile Summary
EXECUTIVE SUMMARY Summary of Report
D&B RISK PREDICTOR Likelihood of Financial Stress in the next 12 months
FINANCIAL STRESS NORM Risk Comparison by Size, Year In Business and Industry
PAYMENT Payment Experience within 2 years from Vendors
COMPANY NEWS Media Clippings of Company News
COURT ACTION Litigation Records within 5 years
COLLECTION Collection Records within 5 years
FINANCE Balance Sheet and Profit & Loss Accounts, Ratios
CURRENT INVESTIGATION Investigation Result
BANK Bank Name, Credit Facilities, etc
HISTORY Registration Information
PRINCIPALS Name of Principals, Antecedents
OPERATION Products, Brand, Sales Territories, Purchasing Territories, Terms, etc
LINKAGE Ultimate Parent, Parent, Subsidiaries, Affiliated Companies
APPENDIX Interpretation of D&B Rating and Risk Predictor Score

Note: If company news, payment and finance information are not available, the respective sections will not be shown in the report.

COMPANY HIGHLIGHTS

D-U-N-S66-343-3460
AXIOM LIMITED

Chinese Company Name彤安有限公司

Address RM 4511 45/F THE CENTER
99 QUEEN'S RD C
CENTRAL DISTRICT, HONG KONG ISLAND
HONG KONG
Tel852 - 21809431
Fax852 - 35689453
E-Mailtbansal@axiomhk.com
Chief ExecutiveBANSAL, VINOD PURANMAL DIRECTOR
D&B Risk Predictor: 6.1
(Highest Risk: 0.1; Lowest Risk: 10; NA: Not Available)

D&B Financial Stress Class: 2
(Highest Risk: 5; Lowest Risk: 1; NA: Not Available)

D&B Paydex: NA
NA
(120 days slow: 1; Anticipates: 100; NA: Not Available)

D&B Rating: 4A2  
Networth: 4A is $70,000,000 - $299,999,999
Composite Credit Appraisal: 2 is Good
   

COMPANY PROFILE

Line of BusinessWHOL OF PRECIOUS METALS, NON-FERROUS METALS, & POLYMERS; INVESTMENT
SIC 5094-0000 5051-0404 5162-0000 6799-0000

Registration Information
Legal Status Private Limited Company
Incorporation No. 1500126
BRC No. 52995811
Registered 2010
Started 2010
Paid Up Capital 9,202
Registered ChargeYES
Operations
ImportYES
ExportYES
Employee Size9
Year in Business3
Number in Principals2

Negative Filings
CourtNO
CollectionNO
Financial Summary
Sales USD 3,310,458,708
Tangible Net Worth (USD) 38,411,394
Condition GOOD

CURRENCY: All monetary amounts shown in HONG KONG DOLLARS unless otherwise stated.

EXECUTIVE SUMMARY

  • The Risk Predictor for the company is 6.10 which indicates below average risk. The likelihood of a company having financial distress over the next 12 months is 0.30%.
  • Company has been established for 3 year(s)
  • Nothing detrimental found against the company in D&B Hong Kong District Court, High Court and Gazette files for the past five years.
  • No record found against the company in D&B Small Claim Tribunal files for the past five years.
  • Nothing detrimental found in our Debt Collection Database.
  • Subject company has 2 payment experience(s).
  • Registered charges are reported for this business.
  • Subject company rents captioned premises.
  • Operation are profitable operations based on its 2013 financial statement.
Financial Highlight

(Figures in US Dollar (USD))

YEAR : 2011 2012 2013
Sales 1,315,408,722 2,199,611,930 3,310,458,708
Profit After Tax 2,206,164 7,971,243 8,232,797
Tangible Net Worth 22,207,352 30,178,596 38,411,394

D&B RISK PREDICTOR As of JUN 11, 2014

Risk Predictor uses a statistically valid model derived from D&B database to predict the likelihood of a company having financial distress over the next 12 months period.

6.1
The Company
Industry Median
5.3

The Company

Risk Predictor: 6.1
(Highest Risk: 0.1; Lowest Risk: 10.0)


Financial Stress Score Equivalent: 1462
(Highest Risk: 1001; Lowest Risk: 1890)
The Industry

Industry
Median: 		5.3
Industry: WHOL JEWELRY/PRECIOUS STONES
Based on: 4,074 firms

Key Influencing Factors

1. No record of litigation is found against the subject in D&B database.

2. Lower percentage of total payments 90 days or above suggests lower risk of financial stress.

3. The subject's Sales/Interest Receivables suggests lower risk of financial stress.

4. The subject's Networth suggests lower risk of financial stress.

Disclaimer:
- INDICATIONS OF SLOWNESS CAN BE THE RESULT OF DISPUTES OVER MERCHANDISE, SKIPPED INVOICES ETC.

Score Trend
10
9
8
7
6
5
4
3
2
1
0
  Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Current
 
Month Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Current
Score 6.0 6.0 6.0 6.0 6.0 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1
Median 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3

Notes:
1. The Risk Predictor indicates that this company shares some of the same business and financial characteristics of other companies with this classification. It does not mean the firm will necessarily experience financial distress.
2. Risk Predictors are updated the day new information enters the company's file.
3. Both Risk Predictors and Financial Stress Scores are derived from D&B's new Failure Scoring System. Each of them cater different needs in risk assessment. Please visit http://www.dnbasia.com/hk/english/services/credit/prod_cr.asp#score to learn more about the new D&B Failure Scoring System and the applications of different measurements.
4. The monthly score and median are recorded on the first day of each month.

Monitor this business for changes in Risk Predictor. If you have registered for D&B Monitoring Services click here to add this business to your monitoring list by sending us an email. If you would like to find out more information click here to send an email to our Customer Service team or call us on 2561-6333.

FINANCIAL STRESS NORM As of JUN 11, 2014

The Risk Class and Financial Stress Percentile provide a norm for quick segmentation and comparisons in the same demographic groups.

The Company
 
Risk Class: 2
(Highest Risk: 5; Lowest Risk: 1)

Financial Stress Percentile: 72
(Highest Risk: 1; Lowest Risk: 100)

 
 
Incidence of Failure: 0.30%
  Below average risk

Risk Class
5 4 3 2 1
Subject Company 72
Industry 37
Employee Range 55
Year in Business 37
1 27 62 95 100
Financial Stress Percentile

Subject Company Percentile Demographic Groups Group Median Percentile Insight
72 Industry (WHOL JEWELRY/PRECIOUS STONES) 37 Subject Company has Lower risk than other companies in the same industry.
Employee Range (1-9) 55 Subject Company has Lower risk than other companies in the same employee size range.
Year in Business Range (4-5) 37 Subject Company has Lower risk than other companies in the years in business range.

Key to Scores
Risk Class Financial Stress Percentile Financial Stress Score Risk Predictor Score Incidence of Failure
1 96 - 100
1502 - 1890
1488 - 1501
9.0 - 10.0
8.0 - 8.9
0.10%
0.18%
2 63 - 95
1475 - 1487
1459 - 1474
7.0 - 7.9
6.0 - 6.9
0.23%
0.30%
3 28 - 62 1448 - 1458 5.0 - 5.9 0.37%
4 2 - 27
1443 - 1447
1436 - 1442
1431 - 1435
1427 - 1430
4.0 - 4.9
3.0 - 3.9
2.0 - 2.9
1.0 - 1.9
0.42%
0.47%
0.52%
0.57%
5 1 1001 - 1426 0.1 - 0.9 0.89%
Notes:
1. The Financial Stress Class indicates that this company shares some of the same business and financial characteristics of other companies with this classification. It does not mean the firm will necessarily experience financial distress.
2. The Financial Stress Percentile reflects the relative ranking of a company among all score-able companies in D&B database.
3. The Financial Stress Score offers a more precise measure of the level of risk than the Class and Percentile. It is specially helpful to customers using a scorecard approach to determine overall business.
4. The Financial Stress Score is a 0.1-10 score derived by the Financial Stress Score. It is specially designed for customers currently using the Financial Stress Score and experiencing difficulties in migrating to FSS.
5. All Financial Stress Class, Percentile, Score and Incidence statistics are based on latest analysis derived from D&B Hong Kong database.

Monitor this business for changes in Financial Stress. If you have registered for D&B Monitoring Services click here to add this business to your monitoring list by sending us an email. If you would like to find out more information click here to send an email to our Customer Service team or call us at 2561-6333.

PAYMENTS

 As of JUN 11, 2014

Paydex
Paydex is not computable with the current payment information of the company.
Month Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Current
Paydex - - - - - - - - - - - - -
Median 70 69 70 68 69 68 66 70 65 70 70 70 69

Notes:
1. The monthly Paydex and median are recorded on the first day of each month
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
  Within Terms 1-30 Days 31-60 Days 61-90 Days More than 90 Days
Days beyond Terms
Total Value of Experiences = HK$10,000
100 % of the value of the experiences are reported as overdue
Payment Summary
Value Range (HK$) Number of Experience Total Value (HK$) % Paid within terms % Slow 1-30 days % Slow 31-60 days % Slow 61-90 days % Slow > 90 days
1,000 or less 0 0 0 0 0 0 0
1,001-5,000 2 10,000 0.00% 50.00% 50.00% 0 0
5,001-10,000 0 0 0 0 0 0 0
10,001-50,000 0 0 0 0 0 0 0
50,001-100,000 0 0 0 0 0 0 0
More than 100,000 0 0 0 0 0 0 0
Total 2 10,000          

The above payment percentages (i.e. paid within terms, Slow 1-30 days, Slow 31-60 days, Slow 61-90 days and Slow 90+ days) are
calculated based on the share of now owes by payment slow days.

Payment Experience
DATE PAYING RECORD HIGH CREDIT NOW OWES PAST DUE TERM LAST SALE DATE
31/08/2013 Slow 60 5,000 5,000 5,000 Net 30 01/07/2013
31/07/2013 Slow 30 5,000 5,000 5,000 Net 30 30/06/2013

In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc.

All slow paying records are recorded as "slow 30, 60, 90, 120, 150, 180 or 181" (for slow 1-30, 31-60, 61-90, 91-120, 121-150, 151-180, 181 or above). All dollar amounts in this section are rounded by the system.

COURT ACTION

 As of JUN 11, 2014

A search of the Court File did not show any record of civil suit against the company from High Court, District Court, Small Claim Tribunal, Labour Tribunal and Government Gazette for the past five years.

This corporate information is provided based on the information we have collected from public sources and kept in our record within the last 5 years; and is for general information purpose only. In relation to such information, we would like to remind you that we do not warrant its accuracy, completeness, correctness or whether it is updated at any given time; and we shall disclaim all liabilities on any claims in relation to such information or any part thereof.

COLLECTION

 As of JUN 11, 2014

A search revealed that the company maintains no record in the Debt Collection database.

This section of the report was compiled after a search was conducted on the D&B Collection Record Database. The Collections items contained may have been paid, terminated, vacated, settled or released prior to the date this report was printed.

FINANCE

Net Worth / Total Asset (Figures In Dollars)
2013 5.2%   Net Worth: USD 38,411,394
Total Assets: USD 737,366,520
 
2012 3.1%   Net Worth: USD 30,178,596
Total Assets: USD 958,022,235
 
2011 5.4%   Net Worth: USD 22,207,352
Total Assets: USD 410,052,785
 
   
0% 20% 40% 60% 80% 100%  
 
  Net Profit / Turnover (Figures In Dollars)
2013 0.2%   Net Profit: USD 8,232,797
Turnover: USD 3,310,458,708
 
2012 0.3%   Net Profit: USD 7,971,243
Turnover: USD 2,199,611,930
 
2011 0.1%   Net Profit: USD 2,206,164
Turnover: USD 1,315,408,722
 
   
0% 20% 40% 60% 80% 100%  
 
Financial Summary
(Figures in US Dollar (USD))
YEAR : 2011 2012 2013
Current:
Assets 341,041,112.33 889,012,092.18 660,331,234.16
Liabilities 328,391,582.52 863,915,037.29 630,195,689.59
Working Capital 12,649,529.81 25,097,054.89 30,135,544.57
Other:
Tangible Assets 69,011,672.97 69,010,143.67 77,035,286.56
Non-Current Liab. 59,453,850.22 63,928,602.12 68,759,436.72
Tangible Net Worth 22,207,352.56 30,178,596.44 38,411,394.41
Annual Sales 1,315,408,722.82 2,199,611,930.32 3,310,458,708.99
Profit After Tax 2,206,164.56 7,971,243.88 8,232,797.97
Profit Before Tax 2,219,039.56 7,975,063.88 8,242,650.97
Cash & Bank 895,288.65 1,194,907.17 17,655,145.87
A/Cs Receivable 3,056,588.47 31,545,716.80 9,741,977.79
Inventory 3,415,213.00 10,073,897.66
Fixed Asset 11,672.97 10,143.67 35,286.56
Trade Creditors 3,682,014.50 589,836.35
Balance Sheet
Fiscal statement as of 31/12/13.
(Figures in US Dollar (USD))
Cash and Bank 17,655,145.87 Trade Creditors 589,836.35
Receivables 9,741,977.79 Loans Secured 75,450,000.00
Inventories/Stocks 10,073,897.66 Other Creditors 642,416.48
Short Term Deposit 622,799,541.84 Prov. for Income Tax 5,645.32
Other Debtors 51,829.45 Due to Directors 113,728.54
Other Current Assets 8,841.55 Other Curr Liab 553,394,062.90
TOTAL CURRENT ASSET 660,331,234.16 TOTAL CURRENT LIAB 630,195,689.59
Prpty, Plant and Equip 35,286.56 Loans Secured 68,759,436.72
TOTAL FIXED ASSET 35,286.56 TOTAL NON-CURRENT LIAB 68,759,436.72
Investments 77,000,000.00 Paid Capital 1,188.00
Accum./Retained Profit 18,410,206.41
Other Equity 20,000,000.00
TOTAL INVESTMENT 77,000,000.00 TOTAL EQUITY 38,411,394.41
TOTAL ASSETS 737,366,520.72 TOTAL LIAB AND EQUITY 737,366,520.72
Profit & Loss A/C
(Figures in US Dollar (USD))
PERIOD 1/9/2010
to
31/12/2011 		1/1/2012
to
31/12/2012 		1/1/2013
to
31/12/2013
Sales 1,315,408,722.82 2,199,611,930.32 3,310,458,708.99
Cost of Good Sold 1,310,857,748.89 2,183,512,699.91 3,296,908,772.08
Gross Profit 4,550,973.93 16,099,230.41 13,549,936.91
Other Income 296.42 108,133.17 360,693.61
Operating Expenses 486,069.26 715,867.74 1,282,022.20
Operating Profit 12,628,608.32
Finance Cost 1,846,161.53 7,516,431.96 4,385,957.35
Profit before Tax 2,219,039.56 7,975,063.88 8,242,650.97
Taxation 12,875.00 3,820.00 9,853.00
Profit After Tax 2,206,164.56 7,971,243.88 8,232,797.97
Financial Ratios - Subject Company Vs. Industry
 
Current Ratio
Year Subject Company Industry Median  
2010 NA 1.22  
2011 1.03 1.30  
2012 1.02 1.38  
Debt Ratio
Year Subject Company Industry Median  
2010 NA 0.71  
2011 0.94 0.73  
2012 0.96 0.72  
Asset to Sales Ratio
Year Subject Company Industry Median  
2010 NA 0.65  
2011 0.31 0.56  
2012 0.43 0.56  
Net Profit Margin Ratio
Year Subject Company Industry Median  
2010 NA 1.07  
2011 0.16 1.18  
2012 0.36 1.14  
 
 Better performance than the industry median
 Same as the industry median / not available for comparison
 Lower performance than the industry median
 
For more industry financial information, please contact Customer Service to subscribe Industry Benchmarking Report.
YEAR 2011 2012 2013
Current Ratio 1.03 1.02 1.04
Quick Ratio 0.01 0.03 0.04
Total Debt to Equity Ratio 17.46 30.74 18.19
Debt Ratio 0.94 0.96 0.94
Asset to Sales Ratio 0.31 0.43 0.22
Collection Period (Day) 0.84 5.23 1.07
Inventory Turnover -- 0.57 1.11
Net Profit Margin(%) 0.16 0.36 0.24
Return on Assets(%) 0.53 0.83 1.11
Return on Equity(%) 9.93 26.41 21.43

Subject condition is considered Good.
CURRENT INVESTIGATION

On 9/6/2014, Ms. Bansal, Tripti, Director, submitted financial statement and confirmed operational and historical information.

The accounts are audited by Charles H.C. Cheung & CPA Limited.

Fiscal year end date of subject is 31 Dec.

During current investigation, Ms. Bansal sumitted the financial statement of FY2013.

Financial statements of FY2012 and FY2011 were obtained from past investigations.

Subject has not changed its English company name since its establishment.

BANK

Banking relations are maintained principally with :-

Branch
HONGKONG AND SHANGHAI BANKINGCORPORATION LIMITED (THE) Hong Kong
UNITED OVERSEAS BANK LTD. Hong Kong
BANK OF INDIA Hong Kong
Comment : Reportedly, JP Morgan, Singapore is also a banker of subject.

HISTORY

This section was compiled after a company search from the Companies Registry on 4/6/2014, and includes capital structure, shareholdings, registered charges and director details.

As of the date of the search, the latest annual return filed by the company was dated 1/9/2013.

Legal Status Private Limited Company
Date of Registration 1 Sep 2010
Incorporation No. 1500126
Business Registration No. 52995811

Type of Shares No. of Shares
Ordinary Shares 10,000
Fully Paid Up Capital 9,202
(as of 1 Sep 2013)

shares are shown to be held by:-
Ordinary Shares
Name of Shareholder Location Shares Held %
Novelle Limited Hong Kong 4,501 48.91
Pioneer Ace Limited Hong Kong 4,500 48.90
Bansal, Kunal Vinod United Arab Emirates 200 2.17
Bansal, Vimal Puranmal United Arab Emirates 1 0.01
9,202100.00

Change in Capital

Paid Up capital has been changed from $2 to $4,502 on 11 Oct 2010.

Share Allotment

Name No. of Shares
Novelle Limited 4,500

Change in Shareholding

From To Shares Date
Company Kit Secretarial Services Limited Bansal, Vimal Puranmal 1 24/9/2010
Savla, Dipay Uttamkumar Novelle Limited 1 18/4/2011

Registered Charge

Charge :Security Agreement
Date :25 Nov 2013
Secured Party :DEUTSCHE BANK AKTIENGESELLSCHA FT
Description :Facilities
Particular :Pursuant to Clause 2 of the Charge, for the payment to the Chargee and the discharge of the Liabilities
Charge :Undertaking Relating to Deposits
Date :13 Nov 2013
Secured Party :INDIAN OVERSEAS BANK
Description :All and any Liabilities
Particular :Receipt No. 2013 FD 238 1 for USD 13,250,000.-
Charge :Charge On Deposit
Date :15 Oct 2013
Secured Party :UNION BANK OF INDIA
Description :All moneys
Particular :Account No. 000013040000009, 000013040000006, 000013040000010, 000013040000002 for total USD49,999,200.-
Charge :Undertaking Relating to Deposits
Date :18 Oct 2013
Secured Party :INDIAN OVERSEAS BANK
Description :All and any Liabilities
Particular :Receipt No. 2013 FD 214 1 for USD 15,000,000.-
Charge :Charge on Deposit
Date :29 Jul 2013
Secured Party :UNION BANK OF INDIA
Description :All moneys
Particular :(i) By way of first fixed charge; (ii) By way of first floating charge
Charge :Obligations of the Depositor
Date :15 Apr 2013
Secured Party :ALLAHABAD BANK
Description :'All monies' in respect of banking facilities
Particular :Receipt No 2013FD3631 for USD375,000.- Receipt No 2013FD3681 for USD6,010,000.- Receipt No 2013FD3761 for USD388,000.-
Charge :Obligations of the Depositor
Date :5 Apr 2013
Secured Party :ALLAHABAD BANK
Description :'All monies' in respect of banking facilities
Particular :Receipt No 2013FD3361 for USD9,540,500.- Receipt No 2013FD3371 for USD9,740,240.- Receipt No 2013FD3381 for USD9,080,100.-
Charge :Obligations of the Depositor
Date :10 Apr 2013
Secured Party :ALLAHABAD BANK
Description :'All monies' in respect of banking facilities
Particular :Receipt No 2013FD3581 for USD8,558,000.- Receipt No 2013FD3591 for USD2,704,000.- Receipt No 2013FD3351 for USD2,250,000.- Receipt No 2013FD3621 for USD1,340,000.-
Charge :Memorandum
Date :8 Mar 2013
Secured Party :BANK OF BARODA
Description :Loan or Credit or Other Facilities
Particular :Receipt No 91210300005464 for USD4,020,000.- Receipt No 91210300005465 for USD3,500,000.- Receipt No 91210300005462 for USD9,973,000.- Receipt No 91210300005463 for USD1,165,000.- Receipt No 91210300005452 for USD20,400,000.-
Charge :Charge of Cash and Security Deed
Date :8 Jan 2013
Secured Party :STATE BANK OF INDIA
Description :To secure 'all monies' in respect of banking facilities
owing at any time plus interest and all expenses
Particular :Charge by way of first fixed charge in favour of the Bank all moneys in any currency now or at any time hereafter standing to the credit of all deposit account(s) or of such other account(s) of the Depositor.
Charge :Security Memorandum
Date :26 Nov 2012
Secured Party :ABN AMRO BANK N.V.
Description :Secured Liabilities
Particular :Assignment and Charge; Undertakings
Charge :Charge On Deposit
Date :22 Nov 2012
Secured Party :UNION BANK OF INDIA
Description :All moneys
Particular :A/C No. 000013010000868 for USD120,000.-; A/C No. 000013010000870 for USD14,225,000.-; A/C No. 000013010000871 for USD16,005,000.-; A/C No. 000013010000869 for USD120,000.-; A/C No. 000013010000872 for USD11,360,000.-
Charge :Charge on Deposit
Date :26 Jul 2012
Secured Party :Union Bank of India
Description :All moneys
Particular :A/C No 000013010000837 for USD29,700,000.-
Charge :Charge on Deposit
Date :10 Jul 2012
Secured Party :Union Bank of India
Description :All moneys
Particular :A/C No 000013010000833 for USD304,308.26
Charge :Charge on Deposit
Date :10 Jul 2012
Secured Party :Union Bank of India
Description :All moneys
Particular :A/C No 000013010000832 for USD19,595,000.-
Charge :Undertaking Relating to Deposits
Date :27 Jun 2012
Secured Party :INDIAN OVERSEAS BANK
Description :All and any liabilities
Particular :Distinctive No of Receipt 2012FD751 for USD4,351,000.- Distinctive No of Receipt 2012FD761 for USD5,815,000.- Distinctive No of Receipt 2012FD771 for USD8,585,000.- Distinctive No of Receipt 2012FD841 for USD185,000.-
Charge :Undertaking Relating to Deposits
Date :26 Apr 2012
Secured Party :INDIAN OVERSEAS BANK
Description :All and any liabilities
Particular :Distinctive No of Receipt 2011FD4141 for USD4,775,000.-
Charge :Security Memorandum
Date :8 Dec 2011
Secured Party :ABN AMRO BANK N.V.
Description :Secured Liabilities
Particular :The Company hereby assigns and agrees to assign absolutely and unconditionally to the Bank all its right, title and interest in and to each Receivable as continuing security for the payment or discharge of the Secured Liabilities

Total Indebtedness:Nil

The above charges do not represent the full history of all transactions relating to the registered charges of the company. Some of the charges may have been released or there could be mortgages charges not reflected in this report. For complete mortgage details, please subscribe to our Full Mortgage Search Copy.

Registered Address

Address Rm 4511 45/F The Center
99 Queen's Rd C
Central District, Hong Kong Island
Hong Kong

Company Secretary

NameCheung's Management Service Company Limited
Address Rm A 22/F Guangdong Investment Twr
148 Connaught Rd C
Hong Kong Island
Hong Kong

PRINCIPALS

Details of director(s) are listed as follows.

Name :BANSAL, Vinod Puranmal
Title :Director
Activity Status :Active in subject's day-to-day operation.


Name :BANSAL, Tripti
Title :Director
Activity Status :Active in subject's day-to-day operation.


Change in Directorship

Name New Appointed/Resigned Effective Date
Company Kit Secretarial Services Limited Resigned 9/9/2010
Vimal, Bansal Newly Appointed 9/9/2010
Savla, Dipay Uttamkumar Newly Appointed 13/10/2010
Novelle Limited Newly Appointed 13/10/2010
Bhatia, Om Ashok Resigned 31/8/2012
Bansal, Vimal Puranmal Resigned 31/8/2012
Novelle Limited Resigned 10/10/2013
Bansal, Vinod Puranmal Newly Appointed 10/10/2013
Bansal, Tripti Newly Appointed 10/10/2013

OPERATION

Subject is engaged in:-

Wholesaling of Precious Metals
Wholesaling of Non-Ferrous Metals
Wholesaling of Polymers
Investment 100.00%
100.00%

Operations are non-seasonal.

Products/Services
Gold
Silver
Jewellery
Nickel
Copper
HDPE
LDPE
PVC
others

Reportedly, subject maintains more than 10 active customers.

Reportedly, subject maintains more than 10 active suppliers.
Sales Territory

International:- 100%
Hong Kong
Singapore
India
United Arab Emirates

Selling Terms

COD (Cash on Delivery)
T/T (Telegraph Transfer)
L/C (Letter of Credit) 90-360 days

Types of Customers

Wholesalers
Banking/Financial Institutions

Purchase Territory - Merchandise

International:- 100%
Hong Kong
Singapore
United Arab Emirates
PR China
Germany
Thailand
Taiwan (R.O.C.)

Purchasing Terms

COD (Cash on Delivery)
T/T (Telegraph Transfer)
L/C (Letter of Credit) 30-360 days

Employees

Total: 9

Location

Premises are located in a commercial area. Subject rents 1,919 square feet on the 45/F of a multi-storey building.

Office is shared with its affiliated company(ies) named Novelle Limited.

Previous Address : Rm 1503, 15/F, Queen's Place, 74 Queen's Rd C, Central District, Hong Kong Island, Hong Kong.

Date of relocation :1/2/2013

Affiliated Companies

DUNS 66-343-3199
Name Novelle Limited
Chinese Name 路威有限公司
Address Rm 4511 45/F The Center
99 Queen's Rd C
Central District, Hong Kong Island
Hong Kong
Line of Business TRADING OF METAL
Relationship with Subject Affiliate holds 48.91% subject's shares
Paid Up Capital HKD 5,001.00
DUNS 66-346-1248
Name PIONEER ACE LIMITED
Address Rm 1503 15/F Queen's Place
74 Queen's Rd C
Hong Kong Island
Hong Kong
Relationship with Subject Affiliate holds 48.9% subject's shares

(LW/KC2/KC2)

APPENDIX

1. Interpretation of D&B Rating

D&B Rating allows you to quickly assess a company's financial strength and credit appraisal to help determine its credit-worthiness. The Dun & Bradstreet Rating is made up of two components: the Financial Strength and the Composite Credit Appraisal.

Financial Strength Indicator
Net Worth Capital From - (HK$) To - (HK$)
5A 5AA 300,000,000 And above
4A 4AA 70,000,000 299,999,999
3A 3AA 10,000,000 69,999,999
2A 2AA 7,000,000 9,999,999
1A 1AA 6,000,000 6,999,999
A AA 5,000,000 5,999,999
B BB 4,000,000 4,999,999
C CC 3,000,000 3,999,999
D DD 2,000,000 2,999,999
E EE 1,000,000 1,999,999
F FF 500,000 999,999
G GG 200,000 499,999
H HH 0 199,999
Composite Credit Appraisal Condition
1 Strong
2 Good
3 Fair
4 Poor
- Undetermined

Other  
N Financial Strength is negative
O Financial Strength is undisclosed
NB New Business: Less than 24 months
FB Foreign Branch
NQ Out of Business
 

2. Risk Predictor Score Methodology

The Risk Predictor Score predicts the probability of business failure (i.e. going out of business) within the next 12 months.
The Score is based on a scale of 0.1 to 10, where 0.1 represents the highest risk and 10 lower risk. It developed using advanced statistical techniques and available data from D&B's vast database.

Key Drivers in the Risk Predictor Score include the following :

Business Demographics Payment Information
 
  • Employee Size
    		•   
  • Trade Experience
    		•
     
  • Industry
    		•   
  • Slow Payment
    		•
     
  • Legal Structure
    		•   
  • Maximum High Credit
    		•
     
  • Business Age
    		•   
  • Paydex
    		•
         
  • Collection Amount
    		•
    Financial Information Court Information
     
  • Net Worth
    		•   
  • High Court Records
    		•
     
  • Turnover
    		•   
  • District Court Records
    		•
     
  • Current Ratio
    		•     
     
  • Debt Ratio
    		•     
     
  • Profit Margin
    		•     

    3. Interpretation of Payment Experience
       
      Definition
    Date The date of the paying record as of.
    Paying Record To indicate how promptness is the payment made
    High Credit The highest outstanding amount in D&B Payment Database that is due to the same suppliers in the past 12 months.
    Now Owes The total outstanding amount due to a specific supplier as of the payment record date.
    Past Due The outstanding payment not made as of the scheduled credit period and indicates slow payment.
    Term The credit term and days agreed by specific supplier.
    Last Sale Day The date at which the latest sales recorded.
    (LW/KC2/KC2)





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    This report, furnished pursuant to contract for the exclusive use of the subscriber as one factor to consider in connection with business decisions, contains information compiled from sources which Dun & Bradstreet (HK) Ltd does not control and whole information, unless otherwise indicated in the report, has not been verified. In furnishing this report, Dun & Bradstreet (HK) Ltd in no way assumes any part of the user's business risk, does not guarantee the accuracy, completeness, or timeliness of the information provided, and shall not be liable for any loss or injury whatsoever resulting from contingencies beyond its control or from negligence. The preceding information (data) is for information purposes only and is not the official record of this business (company). Information in this report is based upon existing records in D&B database as of today and may not include information (data) which relates to this company (business) due to possible changes in ownership, control, name or legal status.

    ©Copyright 2014 Dun & Bradstreet (HK) Ltd
    THIS REPORT MAY NOT BE REPRODUCED IN WHOLE OR IN ANY FORM OR MANNER WHATSOEVER

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