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Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
INTS
HK LTD. |
|
|
|
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Registered Office : |
c/o Wilgrist Nominees Ltd., Room 601, Prince’s Building, |
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|
|
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Country : |
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|
|
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Date of Incorporation : |
01.02.2008 |
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Com. Reg. No.: |
39049465 |
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|
|
|
Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Garment Trader of all kinds of garments, etc. |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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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 |
|
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 |
INTS HK LTD.
c/o Wilgrist Nominees Ltd.
Room 601, Prince’s Building, Chater Road, Central, Hong Kong.
PHONE: 2524 6011
FAX: 2147 3809
Managing Director: Mr. Manel Adell Domingo
Incorporated on: 1st February, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$53,709,848.00
Issued: HK$53,709,848.00
Business Category: Garment Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o Wilgrist Nominees Ltd.
Room 601, Prince’s Building, Chater Road, Central, Hong Kong.
Holding Company:-
ABASIC, S.L.U., Spain.
Associated
Companies:-
INTS It Is Not the Same GmbH, Germany.
INTS UK Ltd., United Kingdom.
Nts It Is Not the Same Singapore Pte. Ltd., Singapore.
Nts It Is Not the Same Usa LLC, US.
Nts It’s Not The Same B.V., Netherlands.
39049465
1209276
Managing Director: Mr. Manel Adell Domingo
Nominal Share Capital: HK$53,709,848.00 (Divided into 53,709,848 shares of HK$1.00 each)
Issued Share Capital: HK$53,709,848.00
(As per registry
dated 01-02-2012)
|
Name |
|
No. of shares |
|
ABASIC, S.L.U. Bruc 49, Bajos 08009, Barcelona, Spain. |
|
51,958,848 |
|
Ints It Is Not The Same GmbH. Baarerstrasse 98, CH-6302 Zug, Switzerland. |
|
1,751,000 |
|
|
|
––––––––– |
|
|
Total: |
53,709,848 ======== |
(As per registry dated
30-04-2012)
|
Name (Nationality) |
Address |
|
Manel ADELL DOMINGO |
Paseo Bonanova 77 Bajos 08017, Barcelona Spain. |
(As per registry
dated 01-02-2012)
|
Name |
Address |
Co.
No. |
|
Wilgrist Nominees Ltd. |
Room 601, Prince’s Building, Chater Road, Central, Hong Kong. |
0017249 |
The subject was incorporated on 1st February, 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: Garment Trader.
Lines: All kinds of garments, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: Europe, North America, etc.
Annual Turnover: Not reported.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$53,709,848.00 (Divided into 53,709,848 shares of HK$1.00 each)
Issued Share Capital: HK$53,709,848.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
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.
INTS HK Ltd. is a subsidiary company of ABASIC, S.L.U. which is a Spain-based firm..
The director of the subject Manel Adell Domingo is a Spain passport holder.
The subject does not have its own office. Its registered office, located at Room 601, Prince’s Building, Chater Road, Central, Hong Kong, is the operating office of a solicitor firm. An associated of the solicitor firm Wilgrist Nominees Ltd. is handling the subject’s correspondences and documents. Wilgrist Nominees Ltd. is also located at the above-mentioned address.
The subject has no employees in Hong Kong.
The subject is a fashion trader. Manel Adell Domingo is the CEO and partner of Desigual which is a significant fashion trader in Spain. As at 2010,
Desigual had about 250 speciality retailing shops, 7,000 branded shops and 1,700 retailing counters in the world.
Manel Adell Domingo graduated from ESADE and holds an MBA from IMD in Lausanne, and is also an alumnus of Stanford University, California. Born in Barcelona, he has lived in the United Kingdom, California, Switzerland, Denmark and Belgium. Since he joined the Desigual project eight years ago, first as managing director and now as CEO, the company has multiplied its business volume fifty-fold – from EUR 8 million in 2002 to over EUR 400 million in 2010 – and has gone from having 60 direct collaborators to almost 3,000 today.
The subject’s business in Hong Kong is not active. History is just over four years and four months.
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.53.63 |
|
UK Pound |
1 |
Rs.86.18 |
|
Euro |
1 |
Rs.69.75 |
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.