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Report Date : |
18.10.2013 |
IDENTIFICATION DETAILS
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Name : |
ZHONGTIAN GLOBAL INTERNATIONAL TRADING (HK) CO. LTD. |
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Registered Office : |
Room 7009, 7/F., Block D, |
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Country : |
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Date of Incorporation : |
28.11.2008 |
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Com. Reg. No.: |
50051603 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF GARMENTS, TEXTILE PRODUCTS,
SHOES, HOUSEHOLD ELECTRIC APPLIANCES, NUMERICAL PRODUCTS, ELECTRONIC
PRODUCTS, MOBILE PHONES, WINES. |
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No. of Employees : |
5 |
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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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 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 |
ZHONGTIAN GLOBAL
INTERNATIONAL TRADING (HK) CO. LTD.
Room 7009, 7/F., Block D, Tak Wing Industrial Building, 3 Tsuen Wan
Road, Tsuen Wan, New Territories, Hong Kong.
(Formerly located at:
Room 13, 5/F., Good Harvest Industrial Building, 9 Tsun Wan Road, Tsuen
Wan, New Territories, Hong Kong.)
PHONE: 852-3555 4198
FAX: Not available
Chairman: Mr. Zhang Manxin
Incorporated on: 28th
November, 2008.
Organization: Private
Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
5.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ZHONGTIAN GLOBAL
INTERNATIONAL TRADING (HK) CO. LTD.
Registered Head
Office:-
Room 7009, 7/F., Block D, Tak Wing Industrial Building, 3 Tsuen Wan
Road, Tsuen Wan, New Territories, Hong Kong.
Associated Companies:-
Haifa Defront (Shenzhen) Chain Management Co. Ltd., China.
Romax Industrial Enterprise Co. Ltd., China.
Shenzhen Haifa Import & Export Trading Co. Ltd., China.
Shenzhen Romax Industry Co. Ltd., China.
Zhongtian International (Hong Kong) Ltd., Hong Kong.
50051603
1290713
Chairman: Mr. Zhang Manxin
General Manager: Mr. Zhu Hong
Ming
Contact Person: Ms. Guan
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry dated 28-11-2012)
|
Name |
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No. of shares |
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ZHU Hong Ming |
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495,500 |
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ZHANG Beng Beng |
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504,500 |
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–––––––– |
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Total: |
1,000,000 ======= |
(As per registry dated 24-12-2012)
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Name (Nationality) |
Address |
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Shenzhen Haifa Import & Export Trading Co. Ltd. |
Room 25A, 25H, Lv Jing Building, Shen Nan Road, Futian District,
Shenzhen City, China. |
(As per registry dated 28-11-2012)
|
Name |
Address |
Co. No. |
|
Forever Corporate Consulting Ltd. |
Room 1004C, Century Centre, 44 Hung To Road, Kwun Tong, Kowloon, Hong
Kong. |
1330685 |
The subject was incorporated on 28th November, 2008 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 13, 5/F., Good Harvest
Industrial Building, 9 Tsun Wan Road, Tsuen Wan, New Territories, Hong Kong,
moved to the present address in early 2013.
Apart from these, neither material change nor amendment has been ever traced
and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Garments,
textile products, shoes, household electric appliances, numerical products,
electronic products, mobile phones, wines.
Employees: 5.
Commodities Imported: China, other Asian countries, etc.
Markets: India,
Western Europe, US, Eastern Europe, the Middle East, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As per contracted.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Profit or Loss: Making a small profit in the past two years.
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:
Normal.
Having issued 1 million ordinary shares of HK$1.00 each, Zhongtian
Global Int’l Trading (HK) Co., Ltd. is jointly owned by Mr. Zhu Hong Ming,
holding 49.55% interests; and Mr. Zhang Beng Beng, holding 50.45%.
The director of the subject is a China-based firm in Shenzhen Special
Economic Zone known as Shenzhen Haifa Import & Export Trading Co. Ltd.
[Haifa]. Haifa is an associated company
of Romax Industrial Enterprise Co. Ltd. [Romax IECL], also a firm based in Shenzhen
Special Economic Zone, China.
Your given phone number 852-2624 8183 and Fax number 852-2624 9261
belongs to another company.
The subject is engaged in the same lines of business as Haifa. The subject is trading in the following
commodities:-
Garments, textile products, shoes, household electric appliances,
numerical products, electronic products, mobile phones, wines, etc.
Haifa is jointly set up by Shenzhen Trading Development Bureau, a
government organization, and Romax Group, China. Romax IECL is the key member of the Romax
Group.
Now, Haifa has set up branch offices in Beijing, Shenzhen SEZ, Shanghai,
Europe, and the United States. Its
products are exported to Spain, France, the United States, Germany, Hungary,
Morocco, Czech, the Middle East countries, etc.
Business is active.
Romax IECL was set up in 1996, it is engaged in diversified
economy. Employing about 500 employees,
Romax IECL is also engaged in real estates and property development, hotel
services, industrial park, foreign trading, etc.
The Chairman of the Group is Mr. Zhang Manxin who is a significant
character in Shenzhen SEZ.
The contact person of the subject is a Ms. Guan who is a Chinese
speaking Mandarin.
As the history of the subject is about five years in Hong Kong, on the
whole, consider it good for normal business engagements in small credit
amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.58 |
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1 |
Rs.98.51 |
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Euro |
1 |
Rs.83.49 |
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.