|
Report Date : |
18.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANIMATE INTERNATIONAL (H.K.)
LTD. |
|
|
|
|
Registered Office : |
Unit C3, 6/F, Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
19.11.2005 |
|
|
|
|
Com. Reg. No.: |
36215659 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
· subject is specialized in manufacturing “Chic” and contemporary packaging materials for brand owners. ·
Trader of Jewellery Products, Jewellery
Display Fixtures, Jewellery Boxes, Paper Gift Boxes, Paper Bags, Non-Woven
Bags, Pouches, PU zipper Pouches, Printed Matters, Printing Wrapping Tissues,
Sourcing Services, One-stop sourcing and assemble packing services bearing
the trade mark “Catalina Vacation”. |
|
|
|
|
No of Employees : |
06 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 has no tariffs on
imported goods, and it levies excise duties on only four commodities, whether
imported or produced locally: 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, its continued reliance on foreign trade and investment leaves it
vulnerable to renewed global financial market volatility or a slowdown in the
global economy. 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 12% of
total system deposits in Hong Kong by the end of 2013. 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 total
trade 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. Credit expansion and tight
housing supply conditions have caused Hong Kong property prices to rise
rapidly; consumer prices increased by more than 4% in 2013. 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. In 2013, Hong Kong and China
signed new agreements under the Closer Economic Partnership Agreement, adopted
in 2003 to forge closer ties between Hong Kong and the mainland. The new
measures, effective from January 2014, cover services and trade facilitation,
and will improve access to the mainland's service sector for Hong Kong-based
companies.
|
Source
: CIA |
ANIMATE INTERNATIONAL (H.K.) LTD.
Unit C3, 6/F, Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.
PHONE: 852-2763 0283, 2797 2156
FAX: 852-2763 0803, 3583 1728
E-MAIL: sales1@animixgroup.com
Managing Director: Ms. Chan Hau Yee
Incorporated on: 19th November, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Manufacturer.
Annual Turnover: HK$15-20 million.
Employees: 6.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit C3, 6/F, Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.
36215659
1008796
Managing Director: Ms. Chan Hau Yee
Contact Person: Ms. Kate Lam
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 19-11-2013)
|
Name |
|
No. of shares |
|
CHAN Hau Yee |
|
10,000 ===== |
(As per registry
dated 19-11-2013)
|
Name (Nationality) |
Address |
|
CHAN Hau Yee |
2/F., Key On Garden, 52 Mok
Tse Che Village, Sai Kung, New Territories, Hong Kong. |
(As per registry
dated 19-11-2013)
|
Name |
Address |
Co.
No. |
|
AT Accounting & Secretarial Services Ltd. |
Suite 909, 9/F., Two Grand Tower, 625 Nathan Road,
Mongkok, Kowloon, Hong Kong. |
0985965 |
The subject was incorporated on 19th November, 2005 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 Manufacturer.
Lines: Jewellery Boxes, Printed Products, Gift Boxes & Paper Bags.
Brand Name: Catalina Vacation.
Employees: 6.
Commodities Imported: China, etc.
Markets: Hong Kong, Asian countries, Western Europe, North America, etc.
Annual Turnover: HK$15-20 million.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, 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: 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: Normal.
Animate International (H.K.) Ltd. is wholly-owned by Ms. Chan Hau Yee who is a Hong Kong businesswoman. She is also the only director of the subject.
The subject was established in 2005 with its own manufacturing facilities in Guangdong Province, China while its designing team is in Hong Kong.
The subject is specialized in manufacturing “Chic” and contemporary packaging materials for brand owners.
The subject is
trading in the following products:
Jewellery Products, Jewellery Display Fixtures, Jewellery Boxes, Paper Gift Boxes, Paper Bags, Non-Woven Bags, Pouches, PU zipper Pouches, Printed Matters, Printing Wrapping Tissues, Sourcing Services, One-stop sourcing and assemble packing services.
Some of the products bear the trade mark “Catalina Vacation”. The following companies are some of its customers:
Neiman Marcus, Lands End, Soft Surroundings, Pottery Barn, William Sonoma Home, LL Bean, Blue Tulip, Museum Store, etc.
In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong and other foreign large cities. For instance, it is going to take part in “HKTDC Hong Kong Jewellery & Gem Fair 2014” which will be held in the same Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 19th to 22nd June. Its booth No. is CH/C16.
Besides, it is going to take part in “HKTDC Hong Kong International Jewellery Show 2015” which will be held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 5th to 9th March, 2015.
The business of the subject is chiefly handled by Mr. Chan Hau Yee herself. History in Hong Kong is about eight years.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<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.