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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GOLD LINK INDUSTRIAL HOLDING LTD. |
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Registered Office : |
C/o Parkview Gain Ltd. Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.02. 2007 |
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Com. Reg. No.: |
37659468 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of coated
paper and PVC film. |
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No. of Employees : |
No Employee in Hong Kong (It is to be noted that the company does not
have its own operating office in Hong Kong. The company uses the address of
its secretariat as its correspondence address only. Subject operates from
some other country and does not have a base in Hong Kong. Such companies are
registered in Hong Kong just to tax benefit purpose and due to the strict
privacy laws prevailing in the country. In such cases, the companies are not
required to have any employees in Hong Kong nor do have an office there.) |
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 : |
-- |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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
GOLD LINK
INDUSTRIAL HOLDING LTD.
ADDRESS: c/o Parkview Gain Ltd.
Flat 7A, 7/F., Kimley
Commercial Building, 142-146 Queen’s Road, Central, Hong Kong.
PHONE/FAX: 852-8521 4966
Managing Director: Mr. Chen
Jingju
Incorporated on: 23rd
February, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Parkview Gain Ltd.
Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central,
Hong Kong.
Associated Companies:-
China Gold Link Industrial Holding Ltd.
No. 923, Boyuexuan New World, 1870, Binsheng Road, Binjiang District,
310051 Hangzhou City, Zhejiang Province, China.
[Tel: 86-571-8702 6065 Fax:
86-571-8702 6656]
Hangzhou Gold Link Imp & Exp Co. Ltd., China.
37659468
1111690
Managing Director: Mr. Chen
Jingju
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 23-02-2013)
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Name |
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No. of shares |
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CHEN Jingju |
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10,000 ===== |
(As per registry dated 23-02-2013)
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Name (Nationality) |
Address |
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CHEN Jingju |
No. 133-134, Shopping Centre, Longgang Town, Changnan County, Zhejiang
Province, China. |
(As per registry dated 23-02-2013)
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Name |
Address |
Co. No. |
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Parkview Gain Ltd. |
Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road
Central, Hong Kong. |
1059876 |
The subject was incorporated on 23rd February, 2007 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 coated paper and PVC film, etc.
Brand Name:
GLOTUS.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China,
other Asian countries, etc.
Terms/Sales:
L/C, Advanced T/T,
etc.
Terms/Buying: L/C,
D/P, O/A, 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
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Gold Link
Industrial Holding Ltd. is wholly owned by Mr. Chen Jingju who is a China
merchant. He is a China ID holder and
does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Flat 7A, 7/F., Kimley Commercial Building, 142-146
Queen’s Road Central, Hong Kong” known as “Parkview Gain 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.
The subject has got an associated company in Zhejiang Province, China
known as China Gold Link Industrial Holding Ltd. [China GL]. Your given phone and fax number 86-571-8702
6065 and 86-571-8702 6656 belong to China GL.
The subject is trading in the same commodities as China GL.
China GL is a professional supplier of all kinds of self adhesive products,
mainly engaged in manufacturing self adhesive Paper, Self adhesive Film, self
adhesive packaging & advertising materials, carton stickers, labels, carbon
fibre vinyl film. Car colour films, etc.
China GL has maintained long-term cooperation with most of domestic
supplying factories which are able to provide it with high quality
products. According to China GL, it
currently has exported its products to more than 100 countries of the world. Most of the customers are in China, North
& South America, Japan, South Korea, Southeast Asia, the Middle East,
Africa, Eastern Europe, etc. Many of its
customers are supermarkets and printing factories.
China GL was set up in 2011 with a registered capital of RMB2 million
Yuan. It has about 8 employees. Most of its products bear the brand name GLOTUS. The annual sales turnover of China GL ranges
from RMB25 to 30 million Yuan. Chen
Jingju is the legal representative of China GL.
It is likely that China GL deals with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. China GL also
exports commodities to foreign markets under the name of the subject and its
registered address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is over six 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.
NOTE :
It is to be
noted that the company does not have its own operating office in Hong Kong. The
company uses the address of its secretariat as its correspondence address only.
Subject operates from some other country and does not have a base in Hong Kong.
Such companies are registered in Hong Kong just to tax benefit purpose and due
to the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.58.27 |
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1 |
Rs.91.16 |
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Euro |
1 |
Rs.77.50 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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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 |
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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.