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Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
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Name : |
ZIBEON |
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Registered Office : |
Unit A13, 12/F., Block A, Hong Kong Industrial Centre, 489-491 Castle
Peak Road, Lai Chi Kok, Kowloon |
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Country : |
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Date of Incorporation : |
04.09.2000 |
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Com. Reg. No.: |
31199757-000-09 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Importer, Exporter and Manufacturer of Linen and other textile
products, etc. |
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No. of Employees : |
4 |
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 – March, 31st, 2013
|
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'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.
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Source : CIA |
ZIBEON
Unit A13, 12/F., Block A, Hong Kong Industrial Centre, 489-491 Castle
Peak Road, Lai Chi Kok, Kowloon, Hong Kong.
PHONE: 2410 1328
FAX: 2428 1983
E-MAIL: zibeon@zibeon.com
Manager: Ms. Yeung Lai Ha, Cecilia
Establishment: 4th September, 2000.
Organization: Sole Proprietorship.
Capital: Not disclosed.
Business Category: Importer,
Exporter and Manufacturer.
Employees: 4.
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ZIBEON
Head Office:-
Unit A13, 12/F., Block A, Hong Kong Industrial Centre, 489-491 Castle
Peak Road, Lai Chi Kok, Kowloon, Hong Kong.
31199757-000-09
Manager: Ms. Yeung Lai Ha,
Cecilia
Name: Ms. YEUNG Lai Ha, Cecilia
Residential Address: 2/F., No.
1, Lane 5, Siu Lek Yuen Village, Shatin, New Territories, Hong Kong.
The subject was established on 4th September, 2000 as a sole proprietorship
concern owned by Ms. Jacqueline Lee Kam Ha under the Hong Kong Business
Registration Regulations.
Lee retired on 31st January, 2001 while Ms. Yeung Lai Ha, Cecilia joined
in on 30th January, 2001.
At the very beginning, the subject was located at 9C Haywood Mansion,
57 Paterson Street, Causeway Bay, Hong Kong, moved to Room 2908, 29/F.,
Metroplaza Tower II, 223 Hing Fong Road, Kwai Chung, New Territories, Hong Kong
in September 2002; to Room 909-911, 9/F., Far East Consortium Building, 121 Des
Voeux Road Central, Central, Hong Kong in August 2005, to Room C, 9/F., Haywood
Mansion, 57 Paterson Street, Causeway Bay, Hong Kong in December 2006 and
further to the present address in January 2012.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Manufacturer.
Lines: Linen and other textile products, etc.
Employees: 4.
Commodities Imported: China,
Indonesia, Bangladesh, India, etc.
Markets: Hong
Kong, Southeast Asia, US, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Capital: Not
disclosed.
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather 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.
Zibeon is a sole proprietorship owned by Ms. Yeung Lai Ha, Cecilia who
is a Hong Kong businesswoman. She is
also manager of the subject.
The subject is engaged in supplying hospitality linen to luxury hotels
in Hong Kong, Southeast Asia and the United States. The sourcing regions covered are as close as
South & North of China, Indonesia, Bangladesh and India.
The subject is trading in the following products:-
Hotel/Airline Amenities, Toiletries (For hotel), Bed Linen (For hotel),
Table Linen (For hotel), eye mask, mattress, bed sheets, etc.
The subject serves its customers from the development strategy on
designs, packaging, production time frame, quotation, recommended laundry
testing to the final stage of approved delivery.
Its long term developed and operated factories for retail home textiles
products are accredited with certificates for the EU market and the US market.
The business of the subject is just fairly active. Business is chiefly handled by Cecilia Yeung
herself. History in Hong Kong is over
twelve years.
On the whole, consider the subject good for normal business engagements
in small credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.83.80 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.