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Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
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Name : |
GOLDEN HORN INTERNATIONAL HOLDINGS LTD. |
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Registered Office : |
20/F., (Whole Floor), First Asia Tower, 8 Fui Yiu Kok Street, Tsuen Wan, New Territories |
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Country : |
Hong Kong. |
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Date of Incorporation : |
11.01.2007 |
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Com. Reg. No.: |
37887207 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The subject traded in frozen meat (main) and also was engaged in gold mine, copper mine exploitation. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dissolved |
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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
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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
GOLDEN HORN
INTERNATIONAL HOLDINGS LTD.
[Dissolved By Deregistration]
Address: 20/F., (Whole
Floor), First Asia Tower,
8 Fui Yiu
Kok Street,
Tsuen Wan,
New Territories,
Hong Kong.
(Formerly located at:
Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan,
New Territories, Hong Kong.)
Registered Head Office:-
20/F., (Whole Floor), First Asia Tower, 8 Fui Yiu Kok Street, Tsuen Wan,
Net Territories, Hong Kong.
37887207
1101451
Managing Director: Ms. Yuan Rong
Jie
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 11-01-2012)
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Name |
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No. of shares |
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YUAN Rong Jie |
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10,000 ===== |
(As per registry dated 11-01-2012)
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Name (Nationality) |
Address |
|
YUAN Rong Jie |
Room 3101, 31/F., Indi Home, 138 Yeung Uk Road, Tsuen Wan, New
Territories, Hong Kong. |
(As per registry dated 28-03-2012)
|
Name |
Address |
|
TSUI Chuen |
20/F., (Whole Floor), First Asia Tower, 8 Fui Yiu Kok Street, Tsuen
Wan, Net Territories, Hong Kong. |
The subject was incorporated on 11th January, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Unit 13, 16/F., Block 1, Tak Fung
Industrial Centre, 168 Texaco Road, Tsuen Wan, New Territories, Hong Kong,
moved to Unit A, 9/F., Pylon Tower, 12-16 Fui Yiu Kok Street, Tsuen Wan,
New Territories, Hong Kong in 2011, and further moved to the present
address in March 2012.
The subject was dissolved by deregistration on 1st June, 2012.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Please be advised that Golden Horn International Holdings Ltd. was a
private limited company which applied for deregistration in January 2012. It was formally deregistered on 1st June,
2012, the date of the publication of Gazette Notice No. 3733. The subject was accordingly dissolved by deregistration.
Having issued 10,000 ordinary shares of HK$1.00 each, Golden Horn
International Holdings Ltd. was wholly owned by Ms. Yuan Rong Jie who is a
China ID Card holder. Formerly the
shares held by Yuan had been held by Zhu Chen De. Zhu transferred all his shares to Yuan on 5th
October, 2009. Yuan was also the only
director of the subject.
The subject traded in frozen meat (main) and also was engaged in gold
mine, copper mine exploitation. The
subject had registered with the Hong Kong SAR Government as a game, meat and
poultry importer. Commodities had been
imported from Europe, Australia, the United States, China, etc. Prime markets were Hong Kong, China, other
Asian countries, etc.
Besides, the subject had cooperated with Maosen Properties Co. Ltd., a
Pakistan-based company, in gold and copper mining and exploitation. The subject’s partner Maosen had got three
open mines covering a total area of 6,915 sq.km. in Pakistan.
The subject had got a number of affiliated mines both in China and
overseas countries. One of the mines in
China was gold which was in a river bed.
The subject was dissolved by deregistration formally on 1st June, 2012.
Since the subject has been dissolved by deregistration, consider it not
suitable for any business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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 |
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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 |
|
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 |
|
-- |
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.