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Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
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Name : |
GOLD INTERNATIONAL LTD. |
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Registered Office : |
Room 913, 9/F., China Merchants Tower, Shun Tak Centre, 168‑200 Connaught
Road Central, Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.03.1999 |
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Com. Reg. No.: |
22342024 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of All kinds of frozen food, etc. |
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No. of Employees : |
5. (Including affiliated company) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 |
GOLD INTERNATIONAL
LTD.
Room 913, 9/F., China Merchants Tower, Shun Tak Centre, 168‑200 Connaught
Road Central, Sheung Wan, Hong Kong.
PHONE: 2854 1905, 2587 7879
FAX: 2850 7639
Managing Director: Mr. Li Zhiyong
Incorporated on: 1st March, 1999.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer,
Exporter and Wholesaler.
Employees: 5. (Including affiliated company)
Main Dealing Banker: Bank of
China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
GOLD INTERNATIONAL
LTD.
Registered Head
Office:-
Room 913, 9/F., China Merchants Tower, Shun Tak Centre, 168‑200 Connaught
Road Central, Sheung Wan, Hong Kong.
Affiliated
Company:-
Hoi Ling Industrial Ltd., Hong Kong.
(Same address)
22342024
0668377
Managing Director: Mr. Li Zhiyong
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 01-03-2012)
|
Name |
|
No. of shares |
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LI Zhiyong |
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5,100 |
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CHEN Fuyong |
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4,900 |
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|
–––––– |
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Total: |
10,000 ===== |
(As per registry dated 01-03-2012)
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Name (Nationality) |
Address |
|
CHEN Fuyong |
Xinhua Road, Huakeng Huangpu District, Guangzhou, China. |
|
LI Zhiyong |
Room 302, Block 6, The 3rd Street, Feng Yi Yuan Phoenix Town, Guangzhou
City, Guangdong Province, China. |
(As per registry dated 01-03-2012)
|
Name |
Address |
|
LOK Wing Kam, Donna |
Room 3109, 31F., Cheuk Wah House, Hing Wah Estate Phase 1, Chai
Wan, Hong Kong. |
The subject was incorporated on 1st March, 1999 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,
Exporter and Wholesaler.
Lines: All
kinds of frozen food, etc.
Employees: 5. (Including affiliated company)
Commodities Imported: Europe, US,
South America, other Asian countries, etc.
Markets: Hong
Kong, Macau, Japan, US, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
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: (See
attachment)
Profit or Loss: Making
a small profit every year.
Condition: Business is normal.
Facilities: Making active use of general
banking facilities.
Payment: Met trade commitments as contracted.
Commercial Morality: Satisfactory.
Bankers:-
Bank of China (Hong Kong) Ltd.,
Hong Kong.
CITIC Bank International Ltd., Hong Kong.
Standing: Normal.
Having issued 10,000 ordinary shares of HK$1.00 each, Gold International
Ltd. is jointly owned by Mr. Chen Fuyong, holding 49% interests; Mr. Li Zhiyong,
holding 51%. Chan and Li are also
directors of the subject. Both of them
are China passport holders and do not have the right to reside in Hong Kong
permanently. Currently, they are
residing in Guangzhou City, Guangdong Province, China.
The subject is a frozen foodstuff trader. It is trading in all kinds of frozen
foodstuffs including frozen meat and frozen aquatic products. Products are imported from India, Europe,
North America, Australia, New Zealand, South America, etc. Prime markets are China, Japan, the other
Asian countries. Business is normal.
The subject has got an affiliated company Hoi Ling Industrial Ltd. [Hoi
Ling] located at its operating address.
It was jointly owned by Mr. Li Jin and Li Zhiyong. On 24th May, 2010 part of their shares were
transferred to Mr. Li Jinfa and Mr. Li Liyi. These two LIs are also China merchants and
residing in Guangzhou City, Guangdong Province, China. All the LIs seem to be belong to the same
family.
Incorporated on 30th January, 1996, Hoi Ling is also a frozen foodstuff
trader.
It is likely that the LIs have got associated companies in Guangzhou,
Guangdong Province, China which is also a frozen foodstuff trader.
As the history of the subject is over thirteen years in Hong Kong, on
the whole, consider it good for normal business engagements.
|
Date |
Particulars |
Amount |
|
21-06-1999 |
Instrument: Mortgage Property: 134/10,884th parts or shares of and in Sha Tin Town Lot No. 194 (House
No. A29 of Ville De Cascade, Nos. 2‑4 Lai Wo Lane, Fo Tan,
Shatin, New Territories, Hong Kong.) Mortgagee: Sin Hua Bank Ltd., Hong Kong
Branch. [Merged into Bank of China
(Hong Kong) Ltd.] |
To secure general banking facilities |
|
01-03-2011 |
Instrument: Charge on Cash Deposit(s) Property: The Chargor, as beneficial owner, charges and agrees to charge to the
Bank by way of first fixed charge:- (a) the Chargor’s entire
right, title and interest in and to the Deposit; and (b) all rights and
benefits accruing to or arising in connection with the Deposit Mortgagee: CITIC Bank International Ltd.,
Hong Kong. |
All or any money and liabilities |
|
31-10-2012 |
Instrument: Charge Over Deposits - CD 1 (11a) Property: 1) By fixed Charge: All the
Company’s rights in respect of the following i) The sums deposited by the
Company or for its benefit in the accounts or as evidenced by deposit
intruments or othr evidence of indebtedness specified in the schedule below,
including renewals of such sums ii) All other sums in any currency from time to time standing to the
credit of the Company or the credit of any other person for the Company’s
benefit, on any account in the Company’s sole or joint names maintained with
the Bank or any SCB Group Company including renewals of such sums and all
interest from time to time accruing or payable on the sums specifed in (i)
and (ii) above 2) By assignment: All
Deposits held with any SCB Group Company Mortgagee: Standard Chartered Bank
(Hong Kong) Ltd., Hong Kong. |
To secure the payment or discharge of all moneys, |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.42 |
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UK Pound |
1 |
Rs.88.29 |
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Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.