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Report Date : |
03.08.2012 |
IDENTIFICATION DETAILS
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Name : |
KENWELL ( |
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Registered Office : |
9/F., |
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Country : |
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Date of Incorporation : |
07.05.2008 |
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Com. Reg. No.: |
39523031 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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Status : |
No operating office in |
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Payment Behaviour : |
Unknown |
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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 – 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 |
KENWELL
(HONG KONG) LTD.
Registered
Office:-
c/o Nova Business Centre
9/F., Henan Building, 19 Laurd Road, Wanchai, Hong Kong.
[Tel: 3180
7654; Fax: 3180 7845]
39523031
1235128
7th May, 2008.
Nominal Share
Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1.00
(As
per registry dated 07-05-2012)
|
Name |
|
No.
of share |
|
Martha Lucia DIAZ ARELLANO |
|
1 = |
(As
per registry dated 07-05-2010)
|
Name (Nationality) |
Address |
|
Martha
Lucia DIAZ ARELLANO |
G/F., 98C, Nam Shan Village, Sai Kung, New Territories, Hong
Kong. |
(As
per registry dated 07-05-2012)
|
Name |
Address |
Co.
No. |
|
Nova
Business Services Ltd. |
9/F., Henan Building, 19 Luard Road, Wanchai, Hong Kong. |
1344280 |
Kenwell
(Hong Kong) Ltd. was incorporated on 7th May, 2008 as a private limited
liability company under the Hong Kong Companies Ordinance.
The
subject has no office in Hong Kong. Is
registered office is in the operating office of a secretarial firm Nova
Business Services Ltd. [NBSL].
Formerly,
its registered office was in a commercial service firm located at Room 1301,
13/F., Blissful Building, 243-247 Des Voeux Road Central, Hong Kong known as S
& G Secretarial Service Ltd., moved to 9/F., Henan Building, 19 Laurd Road,
Wanchai, Hong Kong in May 2011.
This office in fact is the operating office of NBSL. NBSL provides serviced offices, virtual
offices, and professional secretarial offices to its clients. A staff member of NBSL told us that the
subject is one of its customers.
NBSL
provides virtual office and correspondences service (for business letters) to
the subject. She said that the
responsible person of the subject company occasionally came back to collect
letters. However, she refused to
disclose any further information about the subject.
The
subject has no employees in Hong Kong.
Your
given phone number 852-3180 7654 and fax number 852-3180 7845 belong to NBSL.
According
to the Companies Registry of Hong Kong, the subject has issued 1 ordinary
share of HK$1.00 which is owned by Mr. Martha Lucia Diaz Arellano who is the
Republic of Colombia passport holder.
Currently, he is the only director of the subject and residing in Hong
Kong. Diaz Arellano is also a Hong Kong
ID Card holder and has got the right to reside in Hong Kong permanently
The
subject’s lines of business are unknown since the secretarial firm knows
nothing about it.
The
director of the subject cannot be reached.
The
subject’s business is chiefly handled by Diaz Arellano and his family members. Business is not very active. History in Hong Kong is just over four years.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.73 |
|
UK Pound |
1 |
Rs.88.61 |
|
Euro |
1 |
Rs.71.34 |
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.