MIRA INFORM REPORT

 

 

Report Date :

06.04.2013

 

IDENTIFICATION DETAILS

 

Name :

HOP YING INTERNATIONAL LEATHER COMPANY LIMITED 

 

 

Registered Office :

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories

 

 

Country :

Hong Kong 

 

 

Date of Incorporation :

17.04.1984

 

 

Com. Reg. No.:

135693

 

 

Legal Form :

Private Limited Company 

 

 

Line of Business :

Trading of raw leathers, undressed hides and skins (mainly cow and sheep leather, hide and skin) 

 

 

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

 

Status :

Moderate  

 

 

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

 

 

 

ALL FIGURES QUOTED IN LOCAL CURRENCY UNLESS OTHERWISE STATED

 

 

company OVERVIEW

 

Subject's Registered Name (in English  Chinese):

Hop Ying International Leather Company Limited

Companies Registry No. (CR No.):

135693 

Subject's Business Name (in English  Chinese):

N/A 

 

Registered Address:

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. 

 

Previous 1 Address:

Unit 1533, 15/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong. 

 

Operating/Business Address:

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Kowloon, Hong Kong. 

Telephone:

27814323 

Fax:

23593779; 23597497 

Email:

wha@hopying.com.hk  

 

NACE - Code & Industry:

G46.1.6 - Agents involved in the sale of textiles, clothing, fur, footwear and leather goods 

Certification:

N/A 

Business/Industry Trend:

Fairly Steady 

Public Filings Compliance:

Not compliant 

 

 

Company SUMMARY

 

Subject is a rather old established raw leathers, hides and skins trader possessing adequate operational experience, backings and market base to meet its commitment. 

 

CORPORATE STRUCTURE

The following statutory information is based on the examination of Subject's file at the Companies' Registry (CR), Hong Kong.

(For Listed Company, only Substantial Shareholders ("SS") are listed, as based on the latest available annual or interim reports. It is noted that some of the shares held (including long, short and other positions) might have been duplicated due to capacities of "Beneficial owner", "Interest of controlled corporation", "Interest of spouse", "Family interest", etc., which mean the total number of shares held by SS may exceed the authorized and/or issued shares. Duplicate holding (if any) will be elaborated under the "Notes to Substantial Shareholders" on the Structure Remark section.)

Co. File Examined

3 Apr 2013 

Companies Registry No. (CR No.)

135693 

Business Registration No. (BR No.)

08971825 

Legal Status 

Private Limited Company 

Active Status 

Live 

Date of Incorporation / Registration 

17 Apr 1984 

 

Name Changed

N/A

 

Authorized Share Capital

HKD20,000 

No. of Shares Issued

2  

Issued Share Capital

HKD2,000  

Paid up Capital (excluding premium)

HKD2,000 

Class of Share

Ordinary  

 

Authorized Share Capital1

HKD10,000,000 

No. of Shares Issued1

10,000  

Issued Share Capital1

HKD10,000,000  

Paid up Capital (excluding premium)1

HKD10,000,000 

Class of Share1

Deferred  

 

Last Annual Return Date

17 Apr 2012 

Year(s) of "Annual Return of No Change" Filed

N/A 

Branches/Trading As

N/A 

Chief Executive

AU Weng Hei 
Alias Name:
William

Company Secretary

Name

ID/CR No.

Passport No.

Issuing Country

Address

Glory Point Limited 

142976 

N/A 

N/A 

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.  


Shareholders/ Subscribers (as at 17 Apr 2012) 

Shareholders/ Subscribers 

ID/CR No.

Passport No.

Issuing Country

Address 

No. of Shares 

Class of Share 

% Of Share Capital 

AU Weng Hei   
Alias Name:
William

D360043-3

N/A

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong. 
Other Address 1: 
2106, Park-In Commercial Centre, 56 Dundas Street, Kowloon, Hong Kong . 
Other Address 2: 
House 19, Sea Bee Lane, Headland Village, Discovery Bay, Hong Kong Island, Hong Kong .

1 

Ordinary

0.01

AU Weng Hei

D360043-3

N/A

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.

10,000 

Deferred

99.98

Hop Ying International (B.V.I.) Limited

N/A

N/A

N/A 

Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands.

1 

Ordinary

0.01

 

 

 

 

Total: 

10,002 

 

 


Directors (as at 1 Aug 2012) 

Directors 

ID/CR No.

Passport No.

Issuing Country

Address

AU Weng Hei
Alias Name:
William

D360043-3 

N/A 

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong. 
Other Address 1: 
2106, Park-In Commercial Centre, 56 Dundas Street, Kowloon, Hong Kong . 
Other Address 2: 
House 19, Sea Bee Lane, Headland Village, Discovery Bay, Hong Kong Island, Hong Kong .

LEUNG Kam Yan 

D265903-5 

N/A 

N/A 

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.

TO Yee Fong 

E791745-0 

N/A 

N/A 

8/F, Tropicana Court, 45 South Bay Road, Hong Kong Island, Hong Kong.

Alternate Director (as at 17 Apr 2012)

Name

ID/CR No.

Passport No.

Issuing Country

Address

LEUNG Kam Yan 

D265903-5 

N/A 

N/A 

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.

 

 

HISTORY SUMMARY

 

Change of Ownership & Capital/ Share Allotment/Other Changes

No significant changes in business and ownership have been reported since its inception. Moved to present registered and operating address in 2011. 

Glory Point Limited ("GPL"), subsidiary company and operates at the same address as Subject, is engaged in the trading of leather, hides and skins and the provision of internal and other supporting services (like accounting and administrative services) to Subject. 

Appointment and/or Resignation of Directors or Secretary

As of 1 Aug 2012, LEUNG Kam Yan was appointed as director. 

Admission or Retirement of Sole Proprietor/Partner

N/A 

Parent

N/A 

 

 

RELATED NEWS /FINDINGS

 

N/A

 

MANAGEMENT BACKGROUND

 

Name

AU Weng Hei 

Alias Name

William 

Position (Title)

Chief Executive 

Nationality

N/A 

Sex

Male 

Email

willama@hopying.com.hk   

Experience

31 years + 

Profile / Responsibility

Managing Director. He has around 31 years of experience in the present field. The principal founder of Subject and is currently in charge of its business development, corporate management and planning, operation and policy making. Travels occasionally to China for its business development. He is also recorded as shareholder and director of Born Man Limited. 

Business Capacity

Company Name

CR/BR No.

Capacity

As at:

Hop Ying International Leather Company Limited 

135693 

Director 

1 Aug 2012 

Hop Ying International Leather Company Limited 

135693 

Shareholder/Investor 

17 Apr 2012 

Glory Point Limited 

142976 

Director 

26 Oct 2003 

Glory Point Limited

142976 

Shareholder/Investor 

26 Oct 2003 

Friends & Children Fund Limited 

564405 

Director 

31 Dec 1999 

Wide Rich Investments Limited 

338920 

Director 

31 Dec 2009 

Wide Rich Investments Limited 

338920 

Shareholder/Investor

31 Dec 2009 

Court Action

As Defendant


None found in our database

 

Name

LEUNG Kam Yan 

Position (Title)

Director 

Nationality

N/A 

Experience

N/A 

Profile / Responsibility

Currently in charge of its business development, administration and operation. 

Business Capacity

Company Name

CR/BR No.

Capacity

As at:

Hop Ying International Leather Company Limited 

135693 

Alternate Director 

17 Apr 2012 

Hop Ying International Leather Company Limited 

135693 

Director 

1 Aug 2012 

Court Action

As Defendant


None found in our database

 

Name

TO Yee Fong 

Position (Title)

Director 

Nationality

N/A 

Sex

Female 

Experience

N/A 

Profile / Responsibility

She is currently in charge of its operation and administration. 

Business Capacity

Company Name

CR/BR No.

Capacity

As at:

Hop Ying International Leather Company Limited 

135693 

Director

1 Aug 2012 

Court Action

As Defendant


None found in our database

 

Profile/Responsibility and Business Capacity indicated are based on -on-file, sources, and enquiries and investigations recently conducted but do not necessarily represent the full or most updated. For example, the status indicated under Business Capacity is based on the date shown (if available) as recorded, which might have been changed at the time the report is compiled.

 

 

FINANCIAL

Current Interviews & Investigations

 

Interviewed TO Yee Fong, Director, confirmed part of the details within this report but declined to disclose any financial information or business trend on the grounds of company policy. 

Sources and records reveal no related information.

 

Private companies in Hong Kong (include private limited, sole proprietorship and partnership) are not required to file or disclose their financial information for public inspection.

 

 

GROUP PROFILE & FINANCIALS

N/A

 

 

BANKING

 

Maintaining bank accounts with HSBC and Hang Seng Bank Limited. No negative implication has been reported.

 

TRADE RECORD

A trade survey currently conducted reveals the following:

 

First 

Second 

Type of Supplies

Services 

Services 

Time Known

15 Years 

23 Years 

Highest Credit

250,000 

300,000 

Outstanding Balance

150,000 

N/A 

Terms

30 days net 

45 days net 

Pay Record

Within Terms 

Within Terms 

 

 

 

Overall Trade Reputation

Satisfactory 

 

 

TOTAL DEBT SCANNER (TDS)

TDS reveals if subject has been listed as debtor in our debt database in the past 5 years and that is subject to the "Code of Practice on Consumer Credit Data" issued by Office of the Privacy Commissioner for Personal Data, Hong Kong. Accounts are sometimes placed for collection even though the existence or amount of the debt is disputed. It should be noted that the collection record contained in the report might have been paid, terminated, vacated, settled or released prior to the date of report compiled. 

Search Result:

Subject 

Case No.

Date

Debtor

Status

Amount

161836 

14 Jan 2011 

HOP YING INTERNATIONAL LEATHER COMPANY LIMITED 

14 - DISPUTED - FILE CLOSED 

HKD464 


Related Members

None found in our database


Related Companies

None found in our database

 

PUBLIC FILINGS

Mortgages and Charges (M&C)

M&C records, if any, are extracted from the Companies Registry, Hong Kong ("CRHK"). Details of "Creating Instrument" and "Description of Property Mortgaged or Charged" are available subject to the prevailing fees as per document charged by CRHK. Please indicate/select "Full Mortgage/Charge" when ordering our services/reports (e.g.: Total Limited Company Search or Total Company Credit Report). Request for Full mortgage/Charge made 7 days after the report delivery will be treated as a new order and is subject to our "Official Document Retrieval (ODR)" service charge + related government fees. M&C brief particulars may not be available from CRHK for mortgage/charge registered before 28 Feb 2005.

Records filed in:

1985,87,89,90,92,95,98,99,00 & 02 

Total Amount outstanding as of the date of this Return on all mortgages and charges which are required to be registered with the Registrar of Companies pursuant to sections 80 and 82 of the Companies Ordinance

 

TOTAL WRIT SCANNER (TWS)

TWS reveals if subject has been listed as Defendant/Debtor/Respondent, Plaintiff/Creditor/Applicant, in liquidation or bankruptcy within our court database in the past 7 years and that is subject to the "Code of Practice on Consumer Credit Data" issued by Office of the Privacy Commissioner for Personal Data, Hong Kong. It should be noted that the court record contained in a report might have been paid, terminated, vacated, settled or released prior to the date of a report was compiled. Civil claims are filed as the result of disputes of a commercial or other nature. The Defendant/Debtor/Respondent is not liable nor the Plaintiff/Creditor/Applicant eligible to the claim until judgement is obtained from the relevant court, which is not open for public inspection at present. Only the latest 50 records will be shown when total records exceed 50. 

Search Result:

Subject

As Defendant

None found in our database

As Plaintiff

None found in our database

Comments

N/A

Related Members

As Defendant

None found in our database

Comments

N/A

Related Companies

As Defendant

None found in our database

Comments

N/A

 

 

OPERATION & ACTIVITIES

 

Business Lines

Principal Business Line 

Trading of raw leathers, undressed hides and skins (mainly cow and sheep leather, hide and skin) 

Second Business Line 

Investment holding 

 

Product/Production

China Factory 

N/A 

Size of China Factory (sq. ft.) 

N/A 

No. of Staff / Workers in China (or Overseas) 

N/A 

Product / Production Remarks 

N/A 

 

Supplies/Purchases

Hong Kong and China 

Types of Supplies 

Services 

Buying Terms 

COD and credit of 30 to 60 days 

 

Overseas 

Import Countries 

USA, Italy, Brazil and India 

Types of Supplies 

Leathers, hides and skins 

Buying Terms 

L/C, TT and open account 

Remarks 

N/A 

 

Markets

Major Market 

China and South East Asia 

Minor Market 

N/A 

Selling Products / Services 

Leathers, hides and skins 

Selling Terms 

Advance deposit, COD, credit of 30 days and TT 

Remarks 

It patrons are mainly leather products manufacturers in China and South East Asia. 

 

Brands

Own Brands 

N/A 

OEM (Clients) Brands 

N/A 

Remarks 

N/A 

 

Premises and Staff

Hong Kong Office 

Area (sq. ft.) 

2,000 

Type 

Industrial 

Staff Range 

10 to 19 

China Office 

Staff Range 

N/A 

Premises Remarks 

Renting and sharing its office (owned by Born Man Limited, its principal's other business) with its subsidiary Glory Point Limited at the captioned address, which is at a 21-year-old industrial building. Employing 13. 

Total No. of Staff in Hong Kong (China) 

13 

 

 

TOTAL PROPERTY OWNERSHIP SEARCH (TPOS)

TPOS reveals if subject has been involved in property transaction record in our database since 1996. TPOS does not represent the full record or history of all transactions relating to the registered charges, mortgages or ownerships. Some of the charges, mortgages or ownerships might have been released and/or changed. There could be latest mortgages, charges, ownerships or transactions not reflected. TPOS also checks on Subject's shareholder, director, sole proprietor, partner (collectively listed under "Related Members" in this section) and/or related company while related records will be revealed when appropriate.

Search Result:


Subject

No Trace


Related Members

Property 1 

Unit 7, 12/F, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. 

Memorial Number 

00844637 

Date of Instrument 

21 Jul 1992 

Nature of Transaction 

Agreement for s & p with plan 

Gross Area (Saleable Area) in sq. ft. 

N/A 

Consideration (HKD) 

5,966,000 

Assignor/Seller 

N/A 

Assignee/Purchaser 

Born Man Limited 

Mortgaged/Charged To 

Industrial And Commercial Bank of China (Asia) Ltd 

Date of Mortgage/Charge 

29 Jun 2012 

Mortgage/Charge Amount (HKD): 

N/A 

 

Property 2 

Unit 33, 15/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong 

Memorial Number 

06878218 

Date of Instrument 

10 Dec 1996 

Nature of Transaction 

Assignment 

Gross Area (Saleable Area) in sq. ft. 

N/A 

Consideration (HKD) 

7,800,000 

Assignor/Seller 

Global March Limited 

Assignee/Purchaser 

Born Man Limited 

Mortgaged/Charged To 

N/A 

Date of Mortgage/Charge 

N/A 

Mortgage/Charge Amount (HKD): 

N/A 

 

Property 3 

Unit 33, 15/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong 

Memorial Number 

12042401790139 

Date of Instrument 

28 Mar 2012 

Nature of Transaction 

Assignment 

Gross Area (Saleable Area) in sq. ft. 

N/A 

Consideration (HKD) 

16,600,000 

Assignor/Seller 

Born Man Limited 

Assignee/Purchaser 

N/A 

Mortgaged/Charged To 

N/A 

Date of Mortgage/Charge 

N/A 

Mortgage/Charge Amount (HKD): 

N/A 


Related Companies

No Trace

 

Abbreviations: 
S&P = Sales and Purchase 
GBF = General Banking Facilities 
N/A = Not Available/Applicable

 

RELATED COMPANIES

Related companies mean Parent Company, Subsidiary Company, Director's Other Business/Capacity, etc.

Name

ID/CR No.

Relation To Subject

Business Nature

Country

BORN MAN LTD 

185790

Principal's Other Business/Capacity 

N/A 

Hong Kong 

Friends & Children Fund Limited 

564405

Principal's Other Business/Capacity 

N/A 

Hong Kong 

Glory Point Limited 

142976

Subsidiary Company 

Trading of leather, hides and skins 

Hong Kong 

Wide Rich Investments Limited 

338920

Related Company 

N/A 

Hong Kong 

 

RELATED COMPANIES' ARCHIVED CORPORATE STRUCTURE (Only shows when available)

 

Name

Friends & Children Fund Limited 

Registered Address

Upper 1, Block P, Shopping Arcade, Luk Yeung Sun Chuen, Tsuen Wan, New Territories, Hong Kong

Co. File Examined

Sep 7 2006 

Year(s) of Company Document Microfiche Obtained

N/A 

Companies Registry No. (CR No.)

564405 

Legal Status 

Guarantee 

Active Status 

Live 

Date of Incorporation / Registration 

10 Sep 1996 

 

Last Annual Return Date

31 Dec 1999 

Year(s) of "Annual Return of No Change" Filed

N/A 

Chief Executive

N/A 

Company Secretary

Name

ID/BR No.

Passport No.

Issuing Country

Address

CHIU Man Hoi

D258018-8 

N/A 

N/A 

15A, Peridot Court, Block 8, 17.5 Milles, Castle Peak Road, Tuen Mun, New Territories, Hong Kong. 


Directors  (as at 31 Dec 1999) 

Directors

ID/CR No.

Passport No.

Issuing Country

Address

AU Weng Hei
Alias Name:
William

D360043-3 

N/A 

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.  

KWONG Yau Wai 
Alias Name:
David

B112932-0 

N/A 

N/A 

G/F, Yau Yat Chuen, 4B Marigold Road, Kowloon, Hong Kong.  

LAM Yuk Fan 

C516628-2 

N/A 

N/A 

Room 1502, Block C, Luk Yeung Sun Chuen, Tsuen Wan, New Territories, Hong Kong.  

LUK Kwan Che 
Alias Name:
Ellen

B198102-7 

N/A 

N/A 

Flat B, G/F, Yau Yat Chuen, 4 Marigold Road, Kowloon, Hong Kong.  

WONG Kuen Wai 

B194435-9 

N/A 

N/A 

Flat B, 1/F, Mei Foo Sun Chuen, 48 Broadway, Kowloon, Hong Kong.  

 

 

Name

Glory Point Limited

Registered Address

Unit 1533-34, 15/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon, Hong Kong

Co. File Examined

Sep 5 2006 

Year(s) of Company Document Microfiche Obtained

N/A 

Companies Registry No. (CR No.)

142976 

Legal Status 

Private Limited Company 

Active Status 

Live 

Date of Incorporation / Registration 

26 Oct 1984 

 

Authorized Share Capital

HKD2,000,000 

No. of Shares Issued

1,000,000  

Issued Share Capital

1,000,000  

Paid up Capital (excluding premium)

HKD1,000,000 

Class of Share

Ordinary  

Last Annual Return Date

26 Oct 2003 

Year(s) of "Annual Return of No Change" Filed

2004-2005 

Chief Executive

AU Weng Hei

Company Secretary

Name

ID/BR No.

Passport No.

Issuing Country

Address

LEUNG Kam Yan 

D265903-5 

N/A 

N/A 

Unit 1207, Riley House, 88 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. 


Shareholders/ Subscribers (as at 26 Oct 2003) 

Shareholders/ Subscribers 

ID/CR No.

Passport No.

Issuing Country

Address 

No. of Shares 

Class of Share 

% Of Share Capital 

AU Weng Hei

D360043-3

N/A

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.  

1 

Ordinary

0.00

Hop Ying International Leather Company Limited

N/A

N/A

N/A 

Unit 1533-34, 15/F, Star House, 3 Sailsbury Road, Tsim Sha Tsui, Kowloon, Hong Kong.  

999,998 

Ordinary

99.99

KONG Yu Choi

B977724-0

N/A

N/A 

Flat B, Block 5, 24/F, The Grand Panorama, 10 Robinson Road, Hong Kong Island, Hong Kong.  

1 

Ordinary

0.00

 

 

 

 

Total: 

1,000,000 

 

 


Directors (as at 26 Oct 2003) 

Directors

ID/CR No.

Passport No.

Issuing Country

Address

AU Weng Hei 
Alias Name:
William

D360043-3 

N/A 

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.  

KONG Yu Choi 

B977724-0 

N/A 

N/A 

Flat B, Block 5, 24/F, The Grand Panorama, 10 Robinson Road, Hong Kong Island, Hong Kong.  

 

 

 

Name

Wide Rich Investments Limited

Registered Address

Unit 1103, Tower A, Hunghom Commercial Centre, 39 Ma Tau Wai Road, Hung Hom, Kowloon, Hong Kong

Co. File Examined

Mar 15 2011 

Year(s) of Company Document Microfiche Obtained

N/A 

Companies Registry No. (CR No.)

338920 

Legal Status 

Private Limited Company 

Active Status 

De-Registration 

Date of Incorporation / Registration 

31 Dec 1991 

 

Authorized Share Capital

HKD10,000 

No. of Shares Issued

4  

Issued Share Capital

4  

Paid up Capital (excluding premium)

HKD4 

Class of Share

Ordinary  

Last Annual Return Date

31 Dec 2009 

Year(s) of "Annual Return of No Change" Filed

N/A 

Chief Executive

N/A 

Company Secretary

Name

ID/BR No.

Passport No.

Issuing Country

Address

Charm Idea Limited  

1149534 

N/A 

N/A 

Unit 1103, Tower A, Hunghom Commercial Centre, 39 Ma Tau Wai Road, Kowloon, Hong Kong. 


Shareholders/ Subscribers (as at 31 Dec 2009) 

Shareholders/ Subscribers 

ID/CR No.

Passport No.

Issuing Country

Address 

No. of Shares 

Class of Share 

% Of Share Capital 

AU Weng Hei

D360043-3

N/A

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.  

1 

Ordinary

25.00

CHAN Kwok Wai

A998286-0

N/A

N/A 

Flat I, 10/F, Hilltop Mansion, 60 Cloudview Road, Hong Kong Island, Hong Kong.  

1 

Ordinary

25.00

LEE Ka Chung

E463671-A

N/A

N/A 

4/F, 65 Maidstone Road, Kowloon, Hong Kong.  

1 

Ordinary

25.00

SIU Yim Kwan

A760048-0

N/A

Hong Kong 

19/F, Infinitus Plaza, 199 Des Voeux Road, Central, Hong Kong Island, Hong Kong.  

1 

Ordinary

25.00

 

 

 

 

Total: 

4 

 

 


Directors (as at 31 Dec 2009) 

Directors

ID/CR No.

Passport No.

Issuing Country

Address

AU Weng Hei 
Alias Name:
William

D360043-3 

N/A 

N/A 

House 79, Seabee Lane, Discovery Bay, Hong Kong Island, Hong Kong.  

CHAN Kwok Wai 

A998286-0 

N/A 

N/A 

Flat I, 10/F, Hilltop Mansion, 60 Cloudview Road, Hong Kong Island, Hong Kong.  

LEE Ka Chung 

E463671-A 

N/A 

N/A 

4/F, 65 Maidstone Road, Kowloon, Hong Kong.  

SIU Yim Kwan
Alias Name:
Sidney

A760048-0 

N/A 

Hong Kong 

19/F, Infinitus Plaza, 199 Des Voeux Road, Central, Hong Kong Island, Hong Kong.  



 

ECONOMIC AND TRADE INFORMATION ON HONG KONG

 

Major Economic Indicators

 

2009

2010

2011

Forecast/Latest

Population, Mid-year (million)

6.97

7.02

7.07

7.14a

Gross Domestic Product (US$billion)

208.0

223.3

243.2

250.5-252.9b

GDP Per Capita (US$)

29,800

31,800

34,400

35,100-35,400b

Real GDP Growth (%)

-2.6

+7.1

+5.0

+1-2b

Inflation (% Change in Composite CPI)

+0.5

+2.4

+5.3

+4.7c

Unemployment Rate, seasonally adjusted (%)

5.4

4.4

3.4

3.2d

Retail Sales Growth (%)

+0.6

+18.3

+24.9

+13.1c

Visitor Arrival Growth (%)

+0.3

+21.8

+16.4

+15.5c

a 2012; b government forecast for 2012; c year-on-year change in January-June 2012; d April-June 2012.

Merchandise Trade Performance

 

2010

2011

January-June 2012

US$billion

Growth %

US$billion

Growth %

US$billion

Growth %

Total Exports

388.6

+22.8

427.9

+10.1

207.6

+0.3

      Domestic Exports

8.9

+20.4

8.4

-5.5

3.6

-19.4

      Re-exports

379.7

+22.8

419.8

+10.5

204.0

+0.7

Imports

431.4

+25.0

482.6

+11.9

236.0

+1.4

Total Trade

820.0

+23.9

910.5

+11.0

443.6

+0.9

Trade Balance

-42.8

N/A

-54.8

N/A

-28.4

N/A

 

Service Trade Performance

 

2010

2011

January-June 2012

US$billion

Growth %

US$billion

Growth %

US$billion

Growth %

Exports

105.7

+23.1

121.2

+14.6

60.2

+7.6

Imports

50.8

+16.3

55.8

+9.8

27.4

+3.7

Total Trade

156.5

+20.8

177.0

+13.1

87.6

+6.4

Trade Balance

54.9

N/A

64.9

N/A

32.8

N/A

 

Current Economic Situation

·         The world's freest economy

The world’s most competitive economy

The world's most services-oriented economy (services sectors accounting for more than 90% of GDP)

The world's second highest per capita holding of foreign exchange reserves

The largest source of foreign direct investment (FDI) in Asia, after Japan

The second largest recipient of FDI in Asia, after Chinese mainland

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.88

UK Pound

1

Rs.83.54

Euro

1

Rs.70.90

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.