|
Report Date : |
05.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
HASON INTERNATIONAL LTD. |
|
|
|
|
|
|
Registered Office : |
Room 603, 6/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon |
|
|
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
|
|
Date of Incorporation : |
13.04.2005 |
|
|
|
|
|
|
Com. Reg. No.: |
35522324 |
|
|
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
|
|
Line of Business : |
Trader of all kinds of leather |
|
|
|
|
|
|
No. of Employees : |
8 |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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
HASON INTERNATIONAL
LTD.
ADDRESS: Room 603, 6/F., Shun Fat Industrial
Building, 17 Wang Hoi Road, Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2709 9025
FAX: 2709 0379
E-MAIL: hason.operation@gmail.com
Managing Director: Ms. Li Ru
Incorporated on: 13th
April, 2005.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Leather Trader.
Annual Turnover: HK$250 - 300 million
Employees:
8.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 603, 6/F., Shun Fat Industrial Building, 17 Wang Hoi Road, Kowloon
Bay, Kowloon, Hong Kong.
35522324
0963144
Managing Director: Ms. Li Ru
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 13-04-2012)
|
Name |
|
No. of shares |
|
Kenneth HASON |
|
5,000 |
|
LI Ru |
|
5,000 |
|
|
|
––––– |
|
|
Total: |
10,000 ===== |
(As per registry dated 16-05-2012)
|
Name (Nationality) |
Address |
|
LI Ru |
Lot House No 182D, 1/F., Ho Chung San Tsuen, Sai Kung, New
Territories, Hong Kong. |
|
Kenneth HASON |
Lot House No 182D, 1/F., Ho Chung San Tsuen, Sai Kung, New
Territories, Hong Kong. |
(As per registry dated 13-04-2012)
|
Name |
Address |
|
WANG Yuqi |
Lot House No 182D, 1/F., Ho Chung San Tsuen, Sai Kung, New
Territories, Hong Kong. |
The subject was incorporated on 13th April, 2005 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: Leather
Trader.
Lines: All
kinds of leather.
Employees: 8.
Commodities Imported: South America, India, Bangladesh, Pakistan, etc.
Markets: China,
Japan, Taiwan, etc.
Annual Turnover: HK$250 - 300 million
Terms/Sales:
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: Making a small profit every year.
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:
Good.
Having issued 10,000 ordinary shares of HK$1.00 each, Hason
International Ltd. is equally owned by Ms. Li Ru and Mr. Kenneth Hason. They are also directors of the subject.
The subject is a leather trader. It
is importing and exporting all kind of leather from Brazil, other South
American countries, Bangladesh, India, Nepal and Pakistan and exports to China,
Japan, Taiwan and also marketed in Hong Kong.
It carries the following products:-
The subject deals with the best slaughter houses, hide processors and
tanneries in those markets; and act as sales and purchasing agents, inspectors,
merchants, financial consultants, freight forwarders, and even mediators. The subject has had traders, leather
technicians, and inspectors in Brazil, Colombia, and China who analyse the
markets, source and develop products and programs, negotiate contracts, assure
quality controlled shipments, and resolve problems.
According to the subject, it strives to put the best North and South
American cattle hide and leather suppliers together with the best Chinese hide
and leather consumers to develop long term relationships between companies that
will treat each other fairly.
Kenneth Hason is the American director and founder of the subject. He has 35 years experience trading in hides,
skins, leather and leather products in North America, South America, Europe,
and Asia. Ms. Ru Li, the subject’s
Chinese director, was born and educated in Beijing, China and was a college
professor in China before she earned an MBA degree from Baruch College in New
York, and entered the business world.
She has been working in the leather and hide business for over 10 years.
The annual sales turnover of the subject ranges from HK$250 to 300
million. Making a small profit every
year.
As the history of the subject is over seven years in Hong Kong, on
the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.54 |
|
|
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.