MIRA INFORM REPORT

 

 

Report Date :

01.12.2014

 

IDENTIFICATION DETAILS

 

Name :

IP GLOBAL LIMITED

 

 

Registered Office :

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

29.09.2005

 

 

Com. Reg. No.:

998503

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing the investment services

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Exist

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Hong Kong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

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 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

Contact Points

 

Company Name:

IP GLOBAL LIMITED

Supplied Name:

IP GLOBAL LTD

Trading Address:

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

Supplied Address:

Suite 601-6th Floor Harcourt House, 39 Gloucester Road, Wanchai

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

IP Global Limited

Registered Address:

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

Telephone Number:

+852-3965-9300

E-mail:

info@ipglobal-ltd.com

Date of Registration:

2005-9-29

Registered Number:

998503

Business Registration No.:

36062987

Paid-up Capital:

HKD 10,000 (USD 1,290) = 10,000  Shares@ HKD 1

(As of 2014.11, 1 HKD = 0.129 USD)

Legal Form:

Private Limited Liability Company

Principal Activities:

Providing the investment services and etc.

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-9-29

 

Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

 

 

History

 

Subject was incorporated on 2005-9-29 with the registered number 998503 as Private Limited Liability Company in Hong Kong.

 

Change of Name:

Date

Change

2008-4-24

IP Global Limited

2006-1-3

Intellectual Property Limited

2005-9-29

Treedale Limited

 

Corporate Structure

 

It is introduced that subject has offices in Singapore, Shanghai, the mainland of China, Dubai, United Arab Emirates and London, United Kingdom.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Murphy Timothy Paul

10,000

100%

Total

10,000

100%

 

Major Shareholder Information:

Name:

Murphy Timothy Paul

Address:

103 Mau Po Village Lung Ha Wan Rd Clear Water Bay Hong Kong

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Murphy Timothy Paul

Address:

103 Mau Po Village Lung Ha Wan Rd Clear Water Bay Hong Kong

Position:

Director

ID Number:

P812685(6)

3

Name:

TMF Secretarial Services Limited

Address:

36/F, Tower Two, Times Square, 1 Matheson St Causeway Bay Hong Kong

Position:

Corporate Secretary

Registered Number:

776802

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

 

Premises Information

 

Office address:

Address:

6th Floor

Harcourt House

No.39 Gloucester Road

Hong Kong

Owners:

Chinese Estates (Harcourt House) Limited

Memorial Number:

UB3667998

Date of Instrument:

1988-2-23

Date of Registration:

1988-4-12

 

History of Premises Owners’

 

1

Memorial No.:

13010702420065

Date of Instrument:

2012-12-18

Date of Registration:

2013-1-7

Nature:

Legal Charge And Debenture

In Favor of:

Bank Of China (Hong Kong) Limited

Consideration:

All Moneys (PT.)

2

Memorial No.:

UB7618059

Date of Instrument:

1998-11-19

Date of Registration:

1998-11-27

Nature:

Modification Letter With Plan

3

Memorial No.:

UB6809288

Date of Instrument:

1994-11-3

Date of Registration:

1996-11-9

Nature:

Tenancy Agreement With Plan For 3 Yrs. From 7.11.94 To 6.11.97

In Favor of:

Henderson (China) Investment Company Limited

Note: (PT.) means “part of”.

 

Operation Information

 

The subject is mainly engaged in providing of investment services and etc.

Subject’s major services are investment in property services, such as ongoing management, rental and resale of investments. and etc.

Subject’s service regions include Asia, Europe, America and etc.

Subject’s major customers are real estate investor, real estate developer, real estate distributors and etc.

 

Trademark

 

Trade Mark No.:

301087209

Status:

Registered

Mark:

IP GLOBAL



image

Mark Type:

Ordinary

Mark Description:

The applicant claims the colours blue and light blue as elements of mark "B" in the series.

Series Mark:

Yes

Owner's Name, Address:

IP Global Limited
17/F, 88 Gloucester Road, Wan Chai
HONG KONG

Owner's Address
for Service:

Troutman Sanders
34th Floor, Two Exchange Sqaure,
8 Connaught Place, Central
HONG KONG

Agent's Address:

Troutman Sanders
34th Floor, Two Exchange Square,
8 Connaught Place, Central
HONG KONG

Class No.:

16, 35, 36, 41, 42, 45

Specification:

Class 16
Books; paper, cardboard and goods made from these materials, not included in other classes; printed matters; printed publications; advertisement boards of paper or cardboard; photographs; posters; stationery; instructional and teaching materials (except apparatus); plastic materials for packaging, not included in other classes; maps; guidebook; magazines; brochures; directories; leaflets; flyers; pamphlets; information reports; real estate reports; booklets and cards.

Class 35
Business advisory, analysis, consultancy, evaluation, inquiries, research, supervision and information services; compilation, collection, provision, storage, retrieval, analysis and evaluation of business, commercial and industrial information; conducting, preparation, compilation, collection, provision, storage and retrieval of market and business studies, surveys, forecasting, analysis and evaluation; market surveys; market survey analysis; compilation and evaluation of statistical data; preparation of business reports; preparation of business statistics; business statistical information services; business statistical studies; analysis of business statistics; market research and analysis; market studies; market surveys; market forecasting; supplying sale and marketing information according to the requirement of customers, due diligence investigations, analysis of information and preparation of investigation reports; due diligence inquiries, preparation of inquiry reports; consultancy, information and advisory services relating to the aforesaid services; all the aforesaid services also provided on-line from a computer database or the Internet.

Class 36
Real estate agency services; real estate valuation services; real estate management and consultancy services; real estate appraisal services; real estate investment services; renting and leasing of real estate; real estate brokerage services; capital investment services; financial valuation services; arrangement of leases and tenancy; renting and leasing of real estate; real estate financing; real estate broking; real estate brokerage services; real estate management and consultancy services; real estate evaluation; financial evaluation of real estate; investment services; investment analysis; investment advisory services relating to real estate; financial services; financial services related to real estate; financial services relating to mortgages; investment information, advisory and management services; financial brokerage services; mortgage services; mortgage brokerage services; lending on mortgage; provision of information relating to mortgage; advisory services relating to mortgages; consultancy, information and advisory services relating to the aforesaid services; all the aforesaid services also provided on-line from a computer database or the Internet.

Class 41
Educational and training services; organizing, arranging and conducting conferences, conventions, congresses, seminars and training workshops; organizing, arranging and conducting exhibitions, educational shows and cultural shows and performances; arranging of seminars relating to training; conducting of instructional seminars; conducting training seminars; organization of educational seminars; organization of seminars relating to training; organization of training seminars; production of course materials distributed at management seminars; all the aforesaid services also provided on-line from a computer database or the Internet.

Class 42
Real estate planning and survey services; preparation of reports relating to real estate planning and survey; consultancy, information and advisory services in relation to all the aforesaid services; all the aforesaid services also provided on-line from a computer database or the Internet.

Class 45
Legal services; legal services relating to real estate; legal consultancy services; legal research; legal advisory services relating to due diligence inquiries, analysis of information and preparation of inquiry reports; due diligence investigations; legal services relating to analysis of information and preparation of investigation reports; provision of information, advisory and consultancy services relating to all the aforesaid services; all the aforesaid services also provided on-line from a computer database or the Internet.

Date of Filing:
(D-M-Y)

07-04-2008

Date of Publication of
Application of Acceptance for
Registration:
(D-M-Y)

03-04-2009

Date of Registration:
(D-M-Y)

07-04-2008

Actual Date of
Registration:
(D-M-Y)

17-07-2009

Expiry date:
(D-M-Y)

06-04-2018

Historical Details:

 

Date of entry

Matters

06-05-2011

CHANGE OF NAME

17-07-2009

REGISTRATION

 

Financial Information

 

The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Hong Kong and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff rejected to disclose the financial information, from other sources we could not obtain such information, either.

 

 

Bankers

 

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

 

 

Public

 

Civil Litigation

 

Date

Court Name

Court No.

Claimant/Applicant

Answering/Respondent

Nature

Amount(HKD)

2014-05-14

District Court Civil Action

1822

Nicholas Tadeusz Gowlland
c/o
Flat 9A,
Villas Sorrento,
64 Mount Davis Road,
Pok Fu Lam, HK
c/o
Howse Williams Bowers
(a firm)
(DCCJ)

IP Global Ltd (D1)
Timothy Paul Murphy (D2)
c/o
Unit 601-06, 6/F,
Harcourt House,
39 Gloucester Road,
Wan Chai, HK (D1)
c/o
103, Mau Po Village,
Lung Ha Wan Road,
Clear Water Bay, NT (D2)
Misrepresentation

 

　

2014-04-08

Magistrates' Courts

ESMP159

ESMP159/2014

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2014-02-18

Magistrates' Courts

ESMP159

ESMP159/2014

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2013-05-30

Labour Tribunal

LBTC4100

CHAN CHUYING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)
(PROPERTY)

Not Stated

　

2013-05-13

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2013-05-11

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)
(PROPERTY)

Not Stated

　

2013-03-20

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI 
(LBTC4100/2012) 
(Parties)

IP GLOBAL LIMITED 
(LBTC) 
(Parties)

Not Stated

　

2013-03-19

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2013-02-05

Magistrates' Courts

ESMP63

ESMP63/2013

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2013-01-29

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2013-01-03

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2012-12-01

Labour Tribunal

LBTC4100

CHAN CHU YING GIGI
(LBTC4100/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2012-09-21

High Court Civil Action

1741

Purdon Christopher John

IP Global Ltd
(Transferred from LBTC1413/2012 pursuant to Order of the learned Presiding Officer, Ms. Michelle Lam on 9.7.2012)
Employment

 

4,137,980.00

2012-09-13

Labour Tribunal

1413

PURDON CHRISTOPHER JOHN
(LBTC1413/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC) 
(Parties)

Not Stated

　

2012-07-07

Labour Tribunal

1413

PURDON CHRISTOPHER JOHN
(LBTC1413/2012)
(Parties)

IP GLOBAL LIMITED
(LBTC)
(Parties)

Not Stated

　

2012-05-22

Labour Tribunal

1413

PURDON CHRISTOPHER JOHN 
(LBTC1413/2012) 
(Parties)

IP GLOBAL LTD 
(LBTC) 
(Parties)

Not Stated

　

2012-04-17

Magistrates' Courts

ESMP201

ESMP201/2012

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2011-03-10

Magistrates' Courts

ESMP191

ESMP191/2011

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2010-03-02

Magistrates' Courts

ESMP133

ESMP133/2010

IP GLOBAL LIMITED 
Money Lender Licence 
(Application)

 

　

2009-08-26

High Court Civil Action

1828

Ip Global Ltd 
c/o 
Troutman Sanders 
(a firm)

Paul Martin Woodward 
c/o 
244 St. David's Square, 
Isle of Dogs, 
London, E14 3WE, 
United Kingdom

Debt

1,286,000.00

2009-02-05

Magistrates' Courts

ESMP89

ESMP89/2009

IP GLOBAL LIMITED 
(FORMERLY KNOWN AS 
INTELLECTUAL PROPERTY LIMITED) 
Money Lender Licence 
(Application)

 

　

 

Mortgage Record

 

1

Company Name:

IP Global Limited (the “Company”)

Instrument of Creating Mortgage:

Account Charge and Contract Rights Assignment (“Deed”）

Date of Creating Mortgage:

2013-2-1

Amount Secured:

Ail present and future monies, obligations and liabilities owed and outstanding by the Company to the Lender howsoever arising from time to time under the Loan Agreement or the Deed and all interest (including, without limitation, default interest) accruing in respect of such monies or liabilities (“Secured Liabilities”)，

Name of Mortgagee:

IPGIS Central London Income (Cayman) Limited (the “Lender”)

Address of Mortgagee:

c/o TMF (Cayman) Ltd, 2nd Floor, The Grand Pavilion Commercial Centre, 802 West Bay Road, P.O. Box 10338 Grand Cayman KYI-1003, Cayman Islands

Description of Property Mortgaged:

Charge Over Bank Deposit

As a continuing security for the payment and discharge of the Secured Liabilities, the Company as beneficial owner charges to the Lender, by way of first fixed charge, the Bank Deposit.

The Company grants to the Lender control over the operation of the Security Account until the security constituted by the Deed is released by the Lender in accordance with provisions of the Deed, and accordingly, until the security constituted by the Deed is released by the Lender, the Company shall not be entitled to withdraw the whole or any part of the Bank Deposit otherwise than as expressly agreed in writing by the Lender and shall not take any action, claim or proceeding against the Account Bank or any other person of the whole or any part of the Bank Deposit otherwise than as expressly agreed in writing by the Lender.

Assignment

As a continuing security for the payment and discharge of the Secured Liabilities, the Company with full title guarantee assigns to the Lender absolutely (until the security constituted by the Deed is released by the Lender):

(a)        the full benefit of all Sale Document Return Rights related to each and every Apartment and any other rights which the Company may have against the Developers or any other person in respect of the return of the Deposit Payment, including the benefit of any guarantee or security for the performance of any such rights;

(b)        the full benefit of all Sale Contract Purchase Rights related to each and every Apartment and any other rights which the Company may have against the Developers or any other person in respect of the completion of the purchase of the Apartments, and the benefit of any guarantee or security for the performance of any such rights; and

(c)        the full benefit of all NHBC Return Rights related to each and every Apartment and the benefit of any NHBC warranties, and any other rights which the Company may have against NHBC or any other insurer or person to be paid an amount equivalent, or calculated by reference, to the non-return in full of the Deposit Payment in respect of each and every Apartment.

 

 

Special Note

 

Interview Details

Name

The operator

 

 

Industry Information

 

External Trade Information:

 

External Merchandise Trade Aggregate Figures

Unit: HKD/ Million

 

Imports

Domestic Exports

Re-exports

Total exports

Year-on-year % change of Total exports

Merchandise trade balance

2011

3,764,596

65,662

3,271,592

3,337,253

+10.1

-427,343

2012

3,912,163

58,830

3,375,516

3,434,346

+2.9

-477,817

2013

4,060,717

54,364

3,505,322

3,559,686

+3.6

-501,031

2013.03

340,857

5,073

286,638

291,711

+11.2

-49,146

2013.04

332,963

4,503

285,763

290,267

+9.0

-42,696

2013.05

335,809

4,818

286,724

291,542

-1.0

-44,267

2013.06

327,309

4,476

273,161

277,637

-0.2

-49,673

2013.07

342,565

4,783

300,630

305,413

+10.6

-37,152

2013.08

347,059

4,932

302,558

307,490

-1.3

-39,570

2013.09

359,841

4,395

313,436

317,830

+1.5

-42,010

2013.10

361,196

4,458

318,686

323,144

+8.8

-38,052

2013.11

370,104

4,587

320,935

325,522

+5.8

-44,581

2013.12

365,228

4,596

306,281

310,877

0.0

-54,351

2014.01

323,436

4,299

299,157

303,456

-0.4

-19,979

2014.02

266,587

3,276

209,638

212,914

-1.3

-53,673

2014.03

351,889

5,120

296,403

301,523

+3.4

-50,365

2014.04

340,972

4,867

280,816

285,682

-1.6

-55,290

2014.05

348,323

5,299

300,673

305,973

+4.9

-42,350

2014.06

352,316

4,802

304,409

309,211

+11.4

-43,105

 

*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.

 

 

Attachment

 

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

IMG_6521

 

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

IMG_6520

 

 

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

IMG_6518

 

Unit 601-06, 6th Floor, Harcourt House 39 Gloucester Road Wan Chai, Hong Kong

IMG_6519

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.87

UK Pound

1

Rs.97.69

Euro

1

Rs.77.37

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

TPT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.