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Report Date : |
12.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOODLINK
INTERNATIONAL LTD. |
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|
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Registered Office : |
Unit 1307, 13/F., Lippo Centre, Tower 2, 89 Queensway |
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Country : |
Hong Kong |
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Date of Incorporation : |
16.09.2009 |
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Com. Reg. No.: |
51463665 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of Coal, coal mine related products |
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No. of Employees : |
2. |
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 |
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Status : |
Satisfactory |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 levies excise duties on only four commodities, namely: hard alcohol, tobacco, hydrocarbon oil, and methyl alcohol. There are no quotas or dumping laws. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous 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 34.9 million in 2012, 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 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% 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, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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 |
GOODLINK
INTERNATIONAL LTD.
Unit 1307, 13/F., Lippo
Centre, Tower 2, 89 Queensway, Hong Kong.
PHONE: 852-3102 1830
FAX: Not Available
Managing
Director: Mr. Agus Satija Pamudji
Incorporated on: 16th September, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Coal Trader.
Employees: 2.
Main Dealing Banker: PT. Bank Negara Indonesia (Persero) TBK, Hong Kong.
Banking Relation: Satisfactory.
GOODLINK
INTERNATIONAL LTD.
Registered
Head Office:-
Unit 1307, 13/F.,
Lippo Centre, Tower 2, 89 Queensway, Hong Kong.
Holding
Company:-
Star Logic
Holdings Ltd., British Virgin Islands.
51463665
1373508
Managing
Director: Mr. Agus Satija Pamudji
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 16-09-2013)
|
Name |
|
No.
of shares |
|
Star Logic Holdings Ltd. OMC Chambers, Wickhams CAY1, Road Town, Tortola, British Virgin
Islands. |
|
10,000 ===== |
(As per registry dated 26-11-2013)
|
Name (Nationality) |
Address |
|
Agus Satija
PAMUDJI |
50 Collyer Quay, #06-04 OUE Bayfront,
Singapore 0493212 |
(As per registry dated 16-09-2013)
|
Name |
Address |
Co.
No. |
|
CIC
Capital Management Ltd. |
Room A, 14/F., Shun Ho Tower, 24-30 Ice House Street, Central, Hong
Kong. |
0785640 |
The subject was incorporated on 16th September, 2009 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: Importer and Exporter.
Lines: Coal, coal mine related products
Employees: 2.
Commodities Imported: Indonesia.
Markets: India, other Asian countries.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Mortgage or Charge:-
Date of Debenture: 19-12-2011
Amount: All sums which are now or may at any time become payable by the Chargor to the Lender in any manner whatsoever under any of the Debenture, the Facility Letter dated 7th November, 2011, charge, security, guarantee, and any other document executed in connection with the credit facilities of US$15,000,000
Property: The Chargor beneficial owner, charges by way of first floating charge the “Charged Assets”., and all the undertaking, property, inventory, contracts, bills, bank accounts, accounts receivable, assets and rights of the Chargor, whatsoever and wheresoever, both present and future, including its uncalled capital and goodwill, as a continuing security for its punctual payment of the Secured Debt and its due and punctual and performance in any Facility Document.
Mortgagee: PT. Bank Negara Indonesia (Persero) TBK, Hong Kong.
Profit or Loss: Keeping a balance account.
Condition: Business is under development.
Facilities: Trying to make use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory
Banker: PT. Bank Negara Indonesia (Persero) TBK, Hong Kong.
Standing: Normal.
Having
issued 10,000 ordinary shares of HK$1.00 each, Goodlink International Ltd. is a
wholly owned subsidiary of Star Logic Holdings Ltd. [Star Logic] which is a
BVI-registered company.
The
director of the subject Agus Satija Pamudji is an Indonesian but he is a
Holland passport holder. His registered
address is in Singapore.
We
can reached the subject at your given phone number 852-3102 1830. The administrator is a female who is a
Hongkongnese.
The
subject is trading in coal and coal mine related products. Products are sourced from Indonesia and
exported to India, the other Asian countries, etc. Business is under development.
Star
Logic has had Coal Mining Related Assets in Kalimantan comprises coal mining
assets and is located in Kalimantan Tengah, Indonesia.
The
history of the subject in Hong Kong is over four years and two months.
On
the whole, consider it good for normal business engagements in small credit
amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.33 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.84.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.