|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL FORTURE
(HONG KONG) LTD. |
|
|
|
|
Registered Office : |
c/o Sincere
Secretaries Ltd. 13/F., Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong
Kong |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
18.12.2008 |
|
|
|
|
Com. Reg. No.: |
50197629 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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 |
ROYAL FORTURE
(HONG KONG) LTD.
ADDRESS:
Registered
Office:-
c/o Sincere
Secretaries Ltd.
13/F., Chun Wo
Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong.
Holding Company
Visionary Trading
Ltd., United Arab Emirates.
50197629
1295414
18th December,
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 18-12-2012)
|
Name |
|
No.
of share |
|
Visionary Trading Ltd. P.O. Box 25709
Dubai, United Arab Emirates. |
|
1 = |
(As
per registry dated 18-12-2012)
|
Name (Nationality) |
Address |
|
Aseel
Salman Ali Abu OBEIDA |
Flat No. 1106, Al Qaspa Street, Sharjah,
United Arab Emirates. |
(As
per registry dated 18-12-2012)
|
Name |
Address |
Co.
No. |
|
Sincere
Secretaries Ltd. |
13/F., Chun Wo Commercial Centre, 23‑29 Wing Wo Street,
Central, Hong Kong. |
0109535 |
The
subject was incorporated on 18th December, 2008. as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly
the registered address of the subject was located at Flat B, 12/F., Teda
Building, 87 Wing Lok Street, Sheung Wan, Hong Kong, moved to the present
address in January 2009.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Royal
Fortune (Hong Kong) Ltd is a private limited company.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at “13/F.,
Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong” known as
“Sincere Secretaries Ltd.” which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued just one
ordinary share of HK$1.00 which was owned by Mr. Ashish V. Jain. He transferred his single share to Visionary
Trading Ltd. [Visionary] which is a UAE-registered firm on 12th March, 2012.
The
subject’s lines of business are unknown since the secretarial firm knows
nothing about its business.
No
information of the subject can be obtained from our secondary sources.
The
registered address of Visionary is at P.O. Box 25709 Dubai, United Arab
Emirates. However, we found that this
P.O. Box address belongs to a chartered accountant company known as Behl, Lad
& Al Sayegh.
The
only director of the subject Aseel Salman Ali Abu Obeida cannot be reached as
he is in the United Arab Emirates.
The
subject and its holding company are mysterious.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is over four years.
Since
the subject does not have its own operating office, registered capital is low
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.54.38 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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%)
|
Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL FORTURE
(HONG KONG) LTD. |
|
|
|
|
Registered Office : |
c/o Sincere
Secretaries Ltd. 13/F., Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong
Kong |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
18.12.2008 |
|
|
|
|
Com. Reg. No.: |
50197629 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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 |
ROYAL FORTURE
(HONG KONG) LTD.
ADDRESS:
Registered
Office:-
c/o Sincere
Secretaries Ltd.
13/F., Chun Wo
Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong.
Holding Company
Visionary Trading
Ltd., United Arab Emirates.
50197629
1295414
18th December,
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 18-12-2012)
|
Name |
|
No.
of share |
|
Visionary Trading Ltd. P.O. Box 25709
Dubai, United Arab Emirates. |
|
1 = |
(As
per registry dated 18-12-2012)
|
Name (Nationality) |
Address |
|
Aseel
Salman Ali Abu OBEIDA |
Flat No. 1106, Al Qaspa Street, Sharjah,
United Arab Emirates. |
(As
per registry dated 18-12-2012)
|
Name |
Address |
Co.
No. |
|
Sincere
Secretaries Ltd. |
13/F., Chun Wo Commercial Centre, 23‑29 Wing Wo Street,
Central, Hong Kong. |
0109535 |
The
subject was incorporated on 18th December, 2008. as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly
the registered address of the subject was located at Flat B, 12/F., Teda
Building, 87 Wing Lok Street, Sheung Wan, Hong Kong, moved to the present
address in January 2009.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Royal
Fortune (Hong Kong) Ltd is a private limited company.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at “13/F.,
Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong” known as
“Sincere Secretaries Ltd.” which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued just one
ordinary share of HK$1.00 which was owned by Mr. Ashish V. Jain. He transferred his single share to Visionary
Trading Ltd. [Visionary] which is a UAE-registered firm on 12th March, 2012.
The
subject’s lines of business are unknown since the secretarial firm knows
nothing about its business.
No
information of the subject can be obtained from our secondary sources.
The
registered address of Visionary is at P.O. Box 25709 Dubai, United Arab
Emirates. However, we found that this
P.O. Box address belongs to a chartered accountant company known as Behl, Lad
& Al Sayegh.
The
only director of the subject Aseel Salman Ali Abu Obeida cannot be reached as
he is in the United Arab Emirates.
The
subject and its holding company are mysterious.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is over four years.
Since
the subject does not have its own operating office, registered capital is low
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.54.38 |
|
UK Pound |
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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%)