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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
JA INTERNATIONAL TRADING LTD. |
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Registered Office : |
C/o Rich Xin (HK) Enterprise Agency Co. Ltd. Unit A7, 9/F., Sliver Corp International Tower, 707-713 Nathan Road, Mongkok, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.04.2012 |
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Com. Reg. No.: |
59591109 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Garments, leather footwear, leather products, bags, luggage. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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 – 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
JA INTERNATIONAL
TRADING LTD.
ADDRESS: c/o Rich Xin (HK) Enterprise
Agency Co. Ltd.
Unit A7, 9/F., Sliver Corp International
Tower, 707-713 Nathan Road, Mongkok, Kowloon, Hong Kong.
PHONE: 852-2110 1865
FAX: 852-2110 0996
Managing Director: Ms. Hu Man Fen
Incorporated on: 5th April, 2012.
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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Rich Xin (HK) Enterprise Agency Co. Ltd.
Unit A7, 9/F., Sliver Corp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon, Hong Kong.
Associated Company:-
Dor Cai Import & Export Co. Ltd.
Room 810, 8/F., Hefu Licai Square, 33 Zhanxi Road, Guangzhou, Guangdong
Province, China. [Tel: 86-20-8652 0792]
59591109
1723620
Managing Director: Ms. Hu Man Fen
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 05-04-2013)
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Name |
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No. of shares |
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HU Man Fen |
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10,000 ===== |
(As per registry dated 05-04-2013)
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Name (Nationality) |
Address |
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HU Man Fen |
Unit 04, 7/F., Bright Way Tower, 33 Mongkok Road, Kowloon, Hong Kong. |
(As per registry dated 05-04-2013)
|
Name |
Address |
Co. No. |
|
Rich Xin (HK) Enterprise Agency Co. Ltd. |
Unit A, 9/F., Sliver Corp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon, Hong Kong. |
1445482 |
The subject was incorporated on 5th April, 2012 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: Garments,
leather footwear, leather products, bags, luggage.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: China,
India, other Asian countries, Europe, etc.
Terms/Sales:
L/C, T/T, etc.
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
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
Facilities: Making
fairly active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Ja International
Trading Ltd. is wholly owned by Ms. Hu Man Fen who is a China
businesswoman. She is a China ID holder
and does not have the right to reside in Hong Kong permanently. She is also the only director of the
subject. Currently, Hu is in Guangzhou,
Guangdong Province, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit A, 9/F., Sliver Corp International Tower, 707-713
Nathan Road, Mongkok, Kowloon, Hong Kong known as Rich Xin (HK) Enterprise
Agency Co. 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.
According to your given phone number 86-20-8652 0792 we can reached a
firm in Guangzhou, Guangdong Province, China known as Dor Cai Import &
Export Co. Ltd. [Dor Cai] which is operated by Hu Man Fen. She is also the legal representative of this
company.
Ms. Hu Man Fen reported us that Dor Cai and the subject are engaged in
the same lines of business. The subject
is trading in the following commodities:-
Products are chiefly sourced from the suppliers in China, especially in
Guangdong Province. Commodities are
marketed in China, exported to Southeast Asia, the other Asian countries,
Europe, North America, etc. The business
of Dor Cai is normal.
It is likely that Dor Cai deals with foreign parties under the name of
the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. Dor Cai 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 just over a year and
two months.
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.59.70 |
|
|
1 |
Rs.92.25 |
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Euro |
1 |
Rs.78.38 |
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 |
|
-- |
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.