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Report Date : |
08.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ASIA MATERIAL RESOURCES
LTD. |
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Registered Office : |
Unit 369, 3/F., |
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Country : |
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Date of Incorporation : |
14.06.2008 |
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Com. Reg. No.: |
39574642 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of decoration materials, porcelain and ceramic products, etc. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – 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 |
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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 |
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 |
ASIA MATERIAL
RESOURCES LTD.
Unit 369, 3/F.,
Conic Investment Building, 13 Hok Yuen Street, Hung Hom, Kowloon, Hong Kong.
PHONE: 2363 7813
FAX: 2363 7826
E-MAIL: enquiries@amr4u.com
Managing
Director: Mr. Andrew Henry Mountford
Incorporated on: 14th July, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$852,552.00
Issued: HK$852,552.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ASIA MATERIAL
RESOURCES LTD.
Registered
Head Office:-
Unit 369, 3/F.,
Conic Investment Building, 13 Hok Yuen Street, Hung Hom, Kowloon, Hong
Kong.
39574642
1256025
Managing
Director: Mr. Andrew Henry Mountford
Contact Person: Ms. Jane Jiang Yufang
Nominal Share
Capital: HK$852,552.00 (Divided into 852,552 shares of HK$1.00 each)
Issued Share
Capital: HK$852,552.00
(As per registry dated 14-07-2012)
|
Name |
|
No.
of shares |
|
Andrew
Henry MOUNTFORD |
|
465,067 |
|
LIU
Ping |
|
154,994 |
|
Vien Thien Industrial Supplies J/S Co. 2-4-6 Dong Khoi
Street, Suite 222, District 1, Ho Chi Minh City, Vietnam. |
|
154,994 |
|
Shaktidharan Balachandra MOHAN |
|
77,467 |
|
|
|
–––––– |
|
|
Total: |
852,522 ====== |
(As per registry dated 14-07-2012)
|
Name (Nationality) |
Address |
|
LIU Ping |
Room 602, Building 29, No. 555 Shenbei
Road, Minhang District, Shanghai, China. |
|
Shaktidharan
Balachandra MOHAN |
F 103, Skyline Elysee, 24 Viviani Road,
Richards Town, Bangalore 560005, India. |
|
Andrew
Henry MOUNTFORD |
Flat J 5/F., Tower 6, Harbour Place, 8 Oi
King Street, Hung Hom, Kowloon, Hong Kong. |
|
JIANG
Yufang |
Flat J 5/F., Tower 6, Harbour Place, 8 Oi
King Street, Hung Hom, Kowloon, Hong Kong. |
|
Vien
Thien Industrial Supplies J/S Co. |
2-4-6 Dong Khoi Street, Suite 222,
District 1, Ho Chi Minh City, Vietnam. |
Andrew Henry
MOUNTFORD (As per registry dated
14-07-2012)
The
subject was incorporated on 14th July, 2008 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: All kinds of decoration materials, porcelain and ceramic products, etc.
Employees: 4.
Commodities Imported: China, other Asian countries, etc.
Markets: India, Vietnam, Japan, other Asian countries, Europe, etc.
Terms/Sales: L/C, Advanced T/T, etc.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$852,552.00 (Divided into 852,552 shares of HK$1.00 each)
Issued Share Capital: HK$852,552.00
Profit or Loss: Making a small profit in the past two years.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather 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.
Asia
Material Resources Ltd. is chiefly owned by Mr. Andrew Henry Mountford, holding
54.5% interests; Vien Thien Industrial Supplies J/S Co. [VTIS], a Vietnam-based
firm holding 18.2%.
The
subject is a joint venture between long established ceramic and allied material
trading & processing companies with experience collectively covering many
industries such as tile, sanitary ware, tableware and glass.
The
subject provides customers with affordable, quality materials with good
services and supports. It has had
extensive coverage in the East Asia and the other countries of the world.
According
to the subject, its head office is in Hong Kong. It has set up offices in Shanghai of China,
Hochiminh City of Vietnam, Bangalore of India, Dhaka of Bangladesh, and Bangkok
of Thailand. Mr. Liu Ping is responsible
for the business of the Shanghai firm while Shaktidharan Balachandra Mohan is
responsible for the India firm.
The
followings are the main products carried by the subject:-
·
Kaolin;
·
Calcined Kaolin;
·
Silica sand & flour;
·
Bentonite;
·
Ball clay;
·
Quartz;
·
Talc;
·
Potassium & Sodium Feldspars;
·
Calcined Alumina;
·
Nephaline Syanite;
·
Zinc Oxide;
·
French Pebbles;
·
Barium Carbonate;
·
Chamotte;
·
Bone Ash;
·
Bone Ash Substitute (KZW158);
·
STPP;
·
CMC;
·
Iron Oxides;
·
Cobalt Oxide;
·
Vanadium Pentoxide;
·
Frits;
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Glazes;
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Glaze stains;
·
Underglaze Enamels;
·
Inglaze Enamels;
·
Onglaze Enamels;
·
Glass Enamels; &
·
Al Grinding Media.
According
to the subject, it is looking for agents and distributors in the following
countries: Indonesia, Turkey, Ukraine
and Pakistan.
VTIS
was founded in 2003 in Hochiminh City of Vietnam. It is trading in the following commodities:-
Ceramics,
Minerals, Refractory, Paints, Plastic & Rubber Materials and Products,
Machinery and Equipment, etc.
The
business of the subject is chiefly handled by Andrew Henry Mountford and Ms.
Jane Jiang Yufang.
As
the history of the subject is over four in Hong Kong, on the whole, consider it
good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.25 |
|
|
1 |
Rs.87.00 |
|
Euro |
1 |
Rs.69.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
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 |
|
<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.