|
Report Date : |
21.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
JIEXINGDA
INDUSTRY CO. LTD. |
|
|
|
|
Registered Office : |
Unit 9, 12/F., Fo
Tan Industrial Centre, 26-28 Au Pui Wan Street, Fo Tan, Shatin, New
Territories |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
17.11.2009 |
|
|
|
|
Com. Reg. No.: |
51427560 |
|
|
|
|
Legal Form : |
Private Limited
Company. |
|
|
|
|
Line of Business : |
Importer,
Exporter and Wholesaler of Underwear, Bras, etc. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
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 re-exports, is about four times GDP. 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, it again faces a possible slowdown as exports to the Euro zone and US slump. 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 7.8% of total system deposits in Hong Kong by the end of 2011, an increase of over 59% since the beginning of the year. 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 exports 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 28 million in 2011, 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 2011 mainland Chinese companies constituted about 43% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56% 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. Growth slowed to 5% in 2011. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise 5.3% in 2011. 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.
|
Source : CIA |
JIEXINGDA INDUSTRY CO. LTD.
Unit 9, 12/F., Fo Tan Industrial Centre,
26-28 Au Pui Wan Street, Fo Tan, Shatin, New Territories, Hong Kong.
PHONE: 3154
9706
Managing
Director: Mr. Chen Yue Jun
SUMMARY
Incorporated
on: 17th
November, 2009.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Banking
Relation: Satisfactory.
JIEXINGDA INDUSTRY CO. LTD.
Registered Head Office:-
Unit 9, 12/F., Fo Tan
Industrial Centre, 26-28 Au Pui Wan Street, Fo Tan, Shatin, New Territories,
Hong Kong.
Associated Company:-
Shantou Jiexingda
Industrial Co. Ltd.
Chendian Town,
Chaonan District, 515100 Shantou SEZ, China.
[Tel: 86-754-8449
5726; Fax: 86-754-8449 7268]
51427560
1391976
Managing
Director: Mr. Chen Yue Jun
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$10,000.00
(As per registry
dated 17-11-2012)
|
Name |
|
No. of shares |
|
CHEN Yue Jun |
|
10,000 ===== |
(As per registry
dated 17-11-2012)
|
Name (Nationality) |
Address |
|
CHEN Yue Jun |
No.8-A/901, Shangjing
Garden, Zhongxincheng, Longgang District, Shenzhen, China. |
(As per registry
dated 17-11-2012)
|
Name |
Address |
Co. No. |
|
Hongkong Kamkiu
Registration Ltd. |
Room 603, 6/F.,
Hang Pont Commercial Building, 31 Tonkin Street, Cheung Sha Wan,
Kowloon, Hong Kong. |
1250522 |
The subject was
incorporated on 17th November, 2009 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.
Activities: Importer, Exporter and
Wholesaler.
Lines: Underwear, Bras, etc.
Trade Marks: Jiao Ying, Qian Mei.
Employees: 4.
Commodities
Imported: Europe, other Asian countries,
etc.
Markets: China, other Asian
countries, Europe, North America, etc.
Terms/Sales: L/C,
T/T, D/P, etc.
Terms/Buying: L/C,
T/T, etc.
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: Kept a balance account in 2011.
Condition: Business is improving.
Facilities: Trying to make use of
general banking facilities.
Payment: Met
trade commitments as required.
Commercial
Morality: Satisfactory.
Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued
10,000 ordinary shares of HK$1.00 each, JieXingDa Industry Co. Ltd. is wholly
owned by Mr. Chen Yue Jun who is a China merchant. He is a China ID holder and does not have the
right to reside in Hong Kong permanently.
He is also the only director of the subject.
Most of the time,
Chen Yue Jun is residing in Shenzhen Special Economic Zone, China.
The subject is trading
in brassieres, lingerie, corsets, girdles, other ladies’ underwear.
The subject has had
an associated company known as Shantou Jiexingda Industrial Co. Ltd. [Shantou
Jiexingda] which was founded in 1995.
Shantou Jiexingda is engaged in manufacturing the above-mentioned
products. Most of the products, ranging
from middle- to high-end, bear the brand names of “Jiao Ying” and “Qian
Mei”. The products are chiefly
marketed in China, exported to North America, Western Europe, the other Asian countries,
etc. Shantou Jiexingda also receives OEM
and ODM orders. The exportation is
conducted by the subject.
Having about 100
employees, Shantou Jiexingda is represented by Mr. Chen Han Yuan who is a China
merchant. The contact person is Mr. Chen
Chuang Bin. The two Chens seem to be the
family members of Chen Yue Jun.
Shantou Jiexingda
has got the ISO 9001 certification.
The subject is also
engaged in marketing the products of Shantou Jiexingda and sourcing raw
materials for it.
The history of the
subject is just over three years and a month in Hong Kong. Business is improving.
On the whole,
consider it good for normal business engagements in small credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.89.11 |
|
Euro |
1 |
Rs.72.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
---- |
NB |
New Business |
---- |
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.