MIRA
INFORM REPORT
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Report Date : |
21.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GOLDYARD BUSINESS SERVICES LTD. |
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Registered Office : |
13/F., Fung House, 19-20 Connaught Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.12.2010 |
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Com. Reg. No.: |
53418921 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Financial Service Provider |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong |
A2 |
A2 |
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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 |
Company name and address
GOLDYARD BUSINESS
SERVICES LTD.
ADDRESS: 13/F., Fung House, 19-20
Connaught Road Central, Hong Kong.
PHONE: 2868 1063
FAX: 2869 8807
E-MAIL: customerservices@goldyard.com.hk
MANAGEMENT
Managing Director: Mr. Cheng Pak
Lung
SUMMARY
Incorporated on: 7th
December, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Financial Service Provider.
Employees:
25. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
13/F., Fung House, 19-20 Connaught Road Central, Hong Kong.
Holding Company:-
Goldyard Financial Services Group Ltd., Hong Kong. (Same address)
Associated Companies:-
Goldyard Securities Ltd., Hong Kong.
Goldyard Financial Services Ltd., Hong Kong.
Goldyard Finance Ltd., Hong Kong.
Goldyard Asset Management Ltd., Hong Kong.
Goldyard Greater China Ltd., Hong Kong.
(Deregistered)
Goldyard Property Agency Ltd., Hong Kong. (Deregistered)
BUSINESS REGISTRATION NUMBER
53418921
COMPANY FILE NUMBER
1537315
MANAGEMENT
Managing Director: Mr. Cheng Pak
Lung
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry dated 08-12-2010)
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Name |
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No. of shares |
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GNL 10 Ltd., Hong Kong. |
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1 |
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Goldyard Financial Services Group Ltd., Hong Kong. |
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9,999 |
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––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 08-12-2010)
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Name (Nationality) |
Address |
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CHENG Pak Lung |
A1, 12/F., Great George Building, 27 Paterson Street, Causeway Bay,
Hong Kong. |
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YEUNG Kin Yip |
Flat A, 23/F., Block 17, Chevalier Gardens, Ma On Shan, New
Territories, Hong Kong. |
SECRETARY
(As per registry dated 08-12-2010)
|
Name |
Address |
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LEUNG Ka Wai |
Room 4, 33/F., Block C, Kam Ying Court, Ma On Shan, New Territories,
Hong Kong. |
HISTORY
The subject was incorporated on 7th December, 2010 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 & Lines: Financial Service Provider.
Employees: 25. (Including associates)
Business Territories: Hong
Kong, China, other Asian countries, etc.
Terms/Services: As
per contracted.
Terms/Buying: Various
terms.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Normal.
GENERAL
Goldyard
Business Services Ltd. is a wholly-owned subsidiary of Goldyard Financial
Services Group Ltd. which is also located at the same operating address. Goldyard Financial Services Group Ltd. was
incorporated in Hong Kong on 29th September, 2010.
The
directors of the subject are Mr. Cheng Pak Lung and Mr. Yeung Kin Yip both of
whom are rather significant characters in Hong Kong.
The
subject is engaged in all kinds of business services including the followings:
·
Securities trading
·
Providing clients with advices on
corporate financing
·
Asset management
·
Money lending
etc.
One
of the main associated company of the subject Goldyard Securities Ltd. [Goldyard
Securities] has been registered in The Stock Exchange of Hong Kong as an
exchange participant and licensed by the Securities and Futures Commission of
Hong Kong (CE No.: AGV419) since 2002.
Goldyard
Securities is able to offer reliable securities trading services to
clients. This firm is also actively
engaged in share placement and IPO subscription activities, custodian and
nominee services.
Goldyard
Securities has launched a brand new Online Securities Trading service. Clients are able to trade stocks anywhere via
its internet trading platform, manage portfolio and access any stock-related
information. Clients can operate their
own accounts through the advanced system, getting flexible securities trading services
in a timely and convenient manner.
Goldyard
Securities was incorporated on 28th March, 2001 in Hong Kong.
Money
lending service is offered by Goldyard Financial Services Ltd. which was
incorporated on 18th March, 2002 in Hong Kong.
Cheng
Pak Lung, aged 46, was an executive director of Vitar International Holdings
Ltd., but he resigned in January 2011.
He holds a bachelor degree in Mathematics & Operational Research in
University of Lancaster, the United Kingdom.
He has more than 20 years of experience in the finance and investment
banking industry.
Goldyard
Securities is a registered company in Hong Kong Securities and Futures
Commission. The representative is Mr.
Yeung Kin Yip.
The
history of the subject in Hong Kong is just over ten months.
On
the whole, the subject may be considered good for business engagements,
however, as its history is short, payment terms on L/Cs is advisable.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.71 |
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|
1 |
Rs.78.08 |
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Euro |
1 |
Rs.68.05 |
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 |
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<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.