|
Report Date : |
11.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
DONY
LTD. |
|
|
|
|
Registered Office : |
c/o Nathan Commercial Centre Group Accountants Ltd., 15/F., Radio City,
505 Hennessy Road, Causeway Bay |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
21.02.2011 |
|
|
|
|
Com. Reg. No.: |
53790478 |
|
|
|
|
Legal Form : |
Private Limited
Company. |
|
|
|
|
Line of Business : |
Importer,
Exporter and Wholesaler of Hardware, metal products, plumbing and heating
products, etc. |
|
|
|
|
No. of Employees : |
Not
Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Operating Office in Hong Kong |
|
Payment Behaviour : |
Unknown |
|
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 |
DONY
LTD.
c/o Nathan
Commercial Centre Group Accountants Ltd.
15/F., Radio
City, 505 Hennessy Road, Causeway Bay, Hong Kong.
PHONE: 8120 9538
FAX: 3182 8518
E-MAIL: rubenadm@bresme.com
Managing
Director: Mr. Ruben Bresmes Alonso
Incorporated
on: 21st
February, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business
Category: Importer, Exporter and
Wholesaler.
Employees: Nil.
Main
Dealing Banker: The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Banking
Relation: Satisfactory.
Registered Office:-
c/o Nathan Commercial
Centre Group Accountants Ltd.
15/F., Radio City, 505 Hennessy Road, Causeway Bay, Hong Kong.
Associated Companies:-
Bresme Madrid SL, Spain.
Shanghai Duli Trade Co. Ltd., China.
53790478
1562795
Managing Director: Mr. Ruben
Bresmes Alonso
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 21-02-2012)
|
Name |
|
No. of shares |
|
Marcos BRESMES ANDRES |
|
2,000 |
|
Ruben BRESMES ALONSO |
|
8,000 |
|
|
|
––––– |
|
|
Total: |
10,000 ===== |
(As per registry dated 21-02-2012)
|
Name (Nationality) |
Address |
|
Ruben BRESMES ALONSO |
Avda. Constitucion, 248, Casarrubios Del Monte Toledo (Spain) 45950,
Spain. |
(As per registry dated 21-02-2012)
|
Name |
Address |
Co. No. |
|
Nathan Commercial Centre Group Accountants
Ltd. |
15/F., Radio City, 505
Hennessy Road, Causeway Bay, Hong Kong. |
1102792 |
The subject was incorporated on 21st February, 2011 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: Hardware,
metal products, plumbing and heating products, etc.
Employees: Nil.
Commodities Imported: China, other
Asian countries, etc.
Markets: Spain,
other European countries and Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, 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: 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: Small.
Dony Ltd. was incorporated in February, 2011 in Hong
Kong.
The subject does not have its own operating
office. Its registered office is in a
commercial service firm located at “5/F., Radio City, 505 Hennessy Road,
Causeway Bay, Hong Kong” known as “Nathan Commercial Centre Group Accountants
Ltd.” [Nathan] which is handling its correspondences and documents. This firm is also the corporate secretary of
the subject.
Your given phone and fax number 852-8120 9538 and
852-3182 8518 respectively belong to Nathan.
From this phone number, we confirmed that the subject is a client of
Nathan.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the
subject has issued 10,000 ordinary shares of HK$1.00 each of which 20% are
owned by Mr. Marcos Bresmes Andres, 80% are owned by Mr. Ruben Bresmes
Alonso. The latter is also the only
director of the subject.
The shareholders are Spanish and currently residing in
Spain. They do not have the right to
reside in Hong Kong permanently.
The subject has had an associated company known as
Bresme Madrid SL [Bresme] which is in Spain.
The subject is engaged in the same lines of business as Bresme. Bresme is trading in hardware, metal
products, plumbing and heating products, accessories, etc. Commodities are chiefly sourced from
China. Prime markets are Spain, other
European countries and Asian countries, etc.
Besides Bresme, the subject has had another associate
Shanghai Duli Trade Co. Ltd. [Duli] which is in Shanghai, China. It seems that Duli is operated by Ruben
Bresmes Alonso. Duli is responsible for
sourcing commodities from China and marketing the commodities imported from
Spain.
The subject’s business in Hong Kong is not
active. History in Hong Kong is just
over a year.
Since the subject does not have its own operating
office and has no employees in Hong Kong, consider it good for business
engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.04 |
|
UK Pound |
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.68.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.