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Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
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Name : |
NEW ALLIANCE INTERNATIONAL LTD. |
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Registered Office : |
c/o RJA Management Ltd. Unit A & B, 2/F., Lee Kee Commercial Building, 221-227 Queen’s
Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.02.2010 |
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Com. Reg. No.: |
52367969 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is trading in all kinds of organic chemicals |
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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 |
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Status : |
No Operating office in Hong Kong |
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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 – 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 |
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Restricted |
C2 |
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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 |
NEW ALLIANCE
INTERNATIONAL LTD.
Registered
Office:-
c/o RJA Management Ltd.
Unit A & B, 2/F., Lee Kee Commercial Building, 221-227 Queen’s Road
Central, Hong Kong.
[Tel: 2544 4068; Fax: 2544
5568]
Holding Company:-
Godip Organic Chemicals Pvt. Ltd., India.
52367969
COMPANY FILE NUMBER
1424625
25th February, 2010.
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 25-02-2012)
|
Name |
|
No. of share |
|
Snehal Champaklal SHAH |
|
1 |
|
Godip Organic Chemicals Pvt. Ltd. A 702, Anupam Chs., RSC22, Plot No. 25, Sector 8, Charkop, Kandivili
West, Mumbai 400067, India. |
|
6,666 |
|
Adval Chemicals Pvt. Ltd. 504, West View Heights, 220 Sir Bhalchandra Road, Matunga, Mumbai
400019, India. |
|
3,333 |
|
|
|
–––––– |
|
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Total: |
10,000 ===== |
(As per registry dated 23-04-2012)
|
Name |
Address |
Co. No. |
|
Trade Professionals Ltd. |
Flat B, 7/F., Yardley Commercial Building, 3 Connaught Road West,
Sheung Wan, Hong Kong. |
0709399 |
(As per registry dated 25-02-2012)
|
Name |
Address |
Co. No. |
|
RJA Management Ltd. |
Unit A & B, 2/F., Lee Kee Commercial Building, 221-227 Queen’s
Road Central, Hong Kong. |
1044456 |
New Alliance International Ltd. was incorporated on 25th February, 2010
as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit A & B, 2/F., Lee Kee Commercial Building,
221-227 Queen’s Road Central, Hong Kong known as RJA Management Ltd. [RJA]
which is handling its correspondences and documents. RJA is also the corporate secretary of the
subject. Given phone and fax number 2544
4068 and 2544 5568 respectively belong to RJA.
Formerly the subject’s registered office was located at Suite 601, 6/F.,
Hong Kong & Macau Building, 156-157 Connaught Road Central,
Hong Kong where is the address of the operating office of a secretarial
firm known as Ready-Made Secretaries Ltd.
The subject’s registered address changed to the present one as the
subject has changed its secretarial firm since 31st May, 2010.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued
10,000 ordinary shares of HK$1.00 each which 66.7% are held by Godip Organic
Chemicals Pvt. Ltd. [Godip] and 33.3% held by Adval Chemicals Pvt. Ltd.
[Adval]. Both are India-based firms.
Formerly the holding company of the subject was Ready-Made
Incorporations Ltd. which was a BVI-registered firm.
The director of the subject Trade Professionals Ltd. [TPL] is a
Hong Kong‑based and registered firm.
TPL is located at a different address.
TPL is an associated company of Willis Cheng & Co. which is an
accounting firm.
The subject is trading in all kinds of organic chemicals which are
sourced from Europe and some of the Asian countries. Products are marketed in Asia.
However, according to the documents of Foreign Exchange Department
Central Office of Overseas Investment Division, Indian Government, the subject
is engaged in the business of Finance, Insurance and Real Estate.
It is likely that the India firms, Godip and Adval, are doing business
with foreign parties under the name of the subject and let foreign firms
correspond with the subject’s registered address in Hong Kong.
The contact person of the subject Snehal Champaklal Shah is a minor
shareholder of the subject. He was also
the old director of the subject.
The subject’s history in Hong Kong is just about three 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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.