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Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG BRISK CO. LTD. |
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Registered Office : |
C/o Fanssi Leading Ltd. Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.04.2008 |
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Com. Reg. No.: |
39158480 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trader of all kinds of iron and steel products, Alloy, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
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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
HONGKONG BRISK
CO. LTD.
ADDRESS: c/o Fanssi Leading Ltd.
Unit A & B, 15/F.,
Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2838 6085, 3693 4946
FAX: 2833 6261
E-MAIL: info@hkbrisk.com
Managing Director: Mr. Su Wentian
Incorporated on: 14th April, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Iron
& Steel Trader.
Employees: Nil.
Main Dealing Banker: Bank of
China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Fanssi Leading Ltd.
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai,
Hong Kong.
Associated Companies:-
Tianjin Profound Steel Trade Co. Ltd., China.
Tianjin Profound Metal Material Co. Ltd.
Room 213, Science Park, Jieyuan West Road, Nankai District, Tianjin,
China.
[Tel: 86-22-8124 5327 Fax:
86-22-8689 9885
E-mail: darkwfg@yahoo.cn, qcfxwgh@gmail.com]
39158480
1226908
Managing Director: Mr. Su Wentian
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 14-04-2012)
|
Name |
|
No. of shares |
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SU Wentian |
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5,000 |
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WANG Guanghua |
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5,000 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry dated 14-04-2012)
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Name (Nationality) |
Address |
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WANG Guanghua |
Zhejiang Gongye University, Hangzhou, Zhejiang, China. |
|
SU Wentian |
Faxueyuan No. 1, Qinghuayuan, Haidian District, Beijing, China. |
(As per registry dated 14-04-2012)
|
Name |
Address |
Co. No. |
|
Fanssi Leading Ltd. |
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai,
Hong Kong. |
1036848 |
The subject was incorporated on 14th April, 2008 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: Iron
& Steel Trader.
Lines: All
kinds of iron and steel products, Alloy, etc.
Employees: Nil.
Commodities Imported: India, Russia, South America, China, etc.
Markets: China,
other Asian countries, etc.
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
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business
is not active in Hong Kong.
Facilities: Making
fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker:
Bank of
China (Hong Kong) Ltd., Hong Kong.
Standing:
Small.
Hongkong Brisk Co. Ltd. is equally owned by Mr. Su Wentian and
Mr. Wang Guanghua both of whom are China merchants. The subject has issued 10,000 ordinary shares
of HK$1.00 each while each of the shareholders holds 5,000 shares.
The two directors are China ID holders and does not have the right to
reside in Hong Kong permanently. They
are also the directors of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Unit A & B, 15/F., Neich Tower,
128 Gloucester Road, Wanchai, Hong Kong” known as “Fanssi Leading 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. It is an iron and steel material trader.
The subject is a supplier of metal and mechanical products. Driven by continuous improvement and strong
customer focus, the subject aims to be a world leader in providing clients with
top quality products and outstanding services.
Established in April 2008, the subject was invested by some mills and
merchants from China.
The subject has had two associated companies Tianjin Profound Metal
Material Co. Ltd. [TPMC] and Tianjin Profound Steel Trade Co. Ltd. [TPSTC]
which are in Tianjin, China. Both firms
are iron and steel product traders.
Your in China belongs to TPMC.
Your given Phone and Fax number also belong to TPMC.
Wang Guanghua is also the CEO of TPMC.
TPMC is a private enterprise in China.
Through cooperation with various renowned companies and manufacturers in
China. it was formed in 2005. It is
engaged in metal industry. Based on a
wide distribution network including 4 branches in different cities in China,
TPMC has set up overseas representative offices in the United States and South
Asia, and has had agents in Singapore, Canada, etc.
TPMC is trading in the following products:-
1. General Structural Steel Plate
2. Hull Structural Steel Plate
3. Steel plate for Pressure vessel.
4. Checkered plate.
Its products include the following items:-
·
Copper/ Aluminium products;
·
Pipe Fitting and Accessories;
·
Pipes and Tubes;
·
Stainless Steel Products; &
·
Steel Plate and Coils.
TPMC’s products are widely used in building and construction,
shipbuilding, auto and other heavy industries.
Its products are approved by main marine classification societies.
The following China firms are some the customers of the subject and its
associated companies:-
·
China Shipbuilding Group;
·
China Shipping Group; &
·
Cosco Group [China Oceans Shipping (Group)
Company].
The business of TPMC is significant.
The subject’s business in Hong Kong is not active although it is fully
supported by TPMC. History in Hong Kong
is over four 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.54.42 |
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|
1 |
Rs.88.29 |
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Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.