MIRA INFORM REPORT
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Report Date : |
03.12.2014 |
IDENTIFICATION DETAILS
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Name : |
TYWH COMPANY LIMITED |
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Registered Office : |
Room 2105, JTJ222, Trend Centre, 29-31
Cheung Lee Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.03.2009 |
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Com. Reg. No.: |
50457267 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No operating office in Hongkong |
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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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Hong Kong |
A1 |
A1 |
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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 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 |
Company
Name and address
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Company
Name (in English): |
Tywh Company Limited |
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Supplied
Name: |
TYWH
COMPANT LIMITED |
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Supplied
Address: |
M907,JT
J222,WING TUCK COMMERCIAL CENTRE,177-183 WING LOK STREET HONG KONG |
Note: The exact name is
as above and the supplied address belongs to subject’s corporate secretary “World Trade Enterprises Consultancy Limited”.
Special
Notes
We cannot find any operation information or
valid contact information of subject in Hong Kong through public files.
We made an on-site visit to the supplied
address. The relevant staff of the company based on the address introduced that
the supplied address as well as subject’s registered address is that of
corporate secretary “World Trade Enterprises Consultancy Limited”.
Based on subject’s registered files and our
investigation, we consider subject as an offshore company.
We found that subject’s business entity is in
Tianjin City, the Mainland of China.
Business Entity:
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Company Name (in English): |
Tianjin Tywh Imp & Exp Company Limited (Translated) |
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Address: |
Room B30-1101,Wutong Yuan, Jindi Gelin, Shuanggang Town, Jinnan
District, Tianjin City, China |
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Tel: |
+86-22-2854-6072/ 2854-6073 |
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Fax: |
+86-22-2854-6075 |
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Date of Foundation: |
2007-3-12 |
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Registered Number: |
120112000031402 |
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Registered Capital: |
CNY 5,000,000 |
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Paid-up Capital: |
CNY 1,000,000 |
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Legal Form: |
Limited Liability Company |
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Legal Representative: |
Pan Lu |
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Registry: |
Jinnan Branch of Industrial and Commercial Bureau of Tianjin City |
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Term of Operation: |
From 2007-3-12 to 2037-3-11 |
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Shareholder |
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Name |
Subscription Amount |
Proportion of Investment (%) |
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Pan Lu |
95% |
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Chai Wei |
CNY 50,000 |
5% |
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Description: |
Subject is a trader of calcium carbide, etc. It is introduced that subject has cooperative factories in Mainland
China for production, Subject’s sales regions include Asia, Middle East, Africa and South
America, etc. One of subject’s major foreign customers is Head Rack Inc. It is introduced that the staff number of subject is about 10. |
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Person to contact: |
Mr. Pan |
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We found subject’s registered files from Hong
Kong registry, supplying as following for reference.
Company
Identification Details
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Registered Name: |
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Registered Address: |
Room 2105, JTJ222, Trend Centre, 29-31
Cheung Lee Street, Chai Wan, Hong Kong |
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Date of Registration: |
2009-3-24 |
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Registered Number: |
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Business Registration No.: |
50457267 |
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Paid-up Capital: |
HKD 1 (USD 0.129) = 1 Shares@ HKD 1 (As of 2014.11, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-3-24 |
History
Subject was incorporated on 2009-3-24 with the
registered number 1322995 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any
subsidiaries or branches, from other source we cannot obtain the relevant
information, either.
Shareholder
|
Subscription Shares |
Proportion of Investment (%) |
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Pan Lu |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder Information:
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Name: |
Pan Lu |
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Address: |
Room 2105, JTJ222, Trend Centre, 29-31
Cheung Lee Street, Chai Wan, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Pan Lu |
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Address: |
Room 2105, JTJ222,
Trend Centre, 29-31 Cheung Lee
Street, Chai Wan, Hong Kong |
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Position: |
Director |
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ID Number: |
120112198002010435 |
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2 |
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Company Name (in English): |
World Trade Enterprises Consultancy Limited |
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Address: |
Unit 1302, 13/F., Railway Plaza, 39 Chatham Road
South, Tsimshatsui, Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1156560 |
Operation
Information
Subject does not have business entity in Hong
Kong.
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 does not have business entity in Hong Kong,
thus we cannot obtain the relevant information.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
Address: Room 907, Wing Tuck Commercial Centre, 177-183 Wing Lok Street,
Sheung Wan, Hong Kong.
We made an on-site visit to the supplied address
as above and found subject’s corporate secretary “World Trade Enterprises
Consultancy Limited” located at the address.
Wing Tuck Commercial Centre, 177-183 Wing Lok Street, Sheung Wan, Hong
Kong.
Room 907, Wing Tuck Commercial Centre, 177-183 Wing Lok Street, Sheung
Wan, Hong Kong.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.93 |
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|
1 |
Rs.97.39 |
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Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.