MIRA
INFORM REPORT
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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
AL JOHARA LIMITED |
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Registered Office : |
Unit B, 3rd Floor, |
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Country : |
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Date of Incorporation : |
29.01.2014 |
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Com. Reg. No.: |
2032808 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not
Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources.] |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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.
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Source : CIA |
Contact Points
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Company Name: |
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Supplied Name: |
AL Johara Ltd |
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Supplied
Address: |
Room A 18/F, Rice
commercial Bldg Granville Road, TST Hong Kong |
Note: The exact name is as above and the supplied address belongs to a company called Tat Wai Air-Condition Engineering Company Limited.
Credit Summary
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Credit Opinion: |
In view of the absence of subject’s operation information, caution
should be exercised. |
Special Note
We made an on-site
visit according to the supplied address and did not find subject in the whole
18 floor of Rise Commercial Building.
The company’s (Tat Wai Air-Condition Engineering Company Limited) relevant
staff based on the supplied address introduced that he didn’t know subject.
According to
subject’s registered address, we tried to contact subject through the phone
+852-2366-0401. A lady answered it and introduced that her company called Hashmi Secretarial Services Limited which is engaged in
providing registered and accounting service. But she declined to disclose any
information about subject.
We did not find any
operation or other valid contact information of subject in Hong Kong according
to the supplied name, supplied address and registered address from public
files.
Up to the date of
report, we failed to get in touch with subject, if you kindly supply further
information such as current telephone number; we’d like to continue our
investigation.
We found the
registration information of subject from local registry, supplying as follows
for reference.
Company
Identification Details
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Registered Name: |
Al Johara Limited |
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Registered Address: |
Unit B, 3rd Floor, Chun Wah Commercial Building, No.30 Minden Avenue, T.S.T., Kowloon,
Hong Kong |
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Date of Registration: |
2014-1-29 |
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Registered Number: |
2032808 |
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Business Registration No.: |
62700680 |
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Registered Capital: |
HKD 10,000 (USD 1,290) (As of 2014.07, 1 HKD = 0.129 USD) |
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Paid-up Capital: |
HKD 1 (USD 0.129) = 1 Shares@ HKD 1 |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
-- |
Notes: Since we didn’t find subject, the principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2014-1-29 with the registered number 2032808 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Shareholder
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Subscription
Share |
Proportion of
Investment (%) |
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Hashmi Secretarial
Services Limited |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder
Information:
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Name: |
Hashmi Secretarial
Services Limited |
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Address: |
Unit B, 3rd Floor, Chun Wah
Commercial Building, No.30 Minden Avenue, T.S.T., Kowloon,
Hong Kong |
Management
Information
Core Management
Detailed
Information of Directors:
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1 |
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Name: |
Chen Quanyu |
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Address: |
3Q Hai Dian Building, Nanshai
Road, Nanshan District, Shenzhen City, Guangdong
Province, China |
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Position: |
Director |
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Passport Number: |
W96115273 |
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Issuing Country: |
China |
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Date of Appointment: |
2014-10-13 |
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2 |
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Name: |
Hashmi Zulfiqar Ali |
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Address: |
Unit B, 3rd Floor, Chun Wah
Commercial Building, No.30 Minden Avenue, T.S.T., Kowloon,
Hong Kong |
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Position: |
Secretary |
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ID Number: |
K663046(6) |
Former Directors:
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1 |
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Name: |
Hashmi Secretarial
Services Limited |
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Address: |
Unit B, 3rd Floor, Chun Wah
Commercial Building, No.30 Minden Avenue, T.S.T., Kowloon,
Hong Kong |
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Position: |
Director |
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Registered Number: |
770656 |
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Date of Appointment: |
2014-1-29 |
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Date of Resignation: |
2014-2-18 |
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2 |
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Name: |
Rahaman Abdul |
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Address: |
12 Dent Mission Road, Kolkata 700023, West
Bengal, India |
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Position: |
Director |
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Passport Number: |
K0488703 |
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Issuing Country: |
India |
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Date of Appointment: |
2014-2-18 |
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Date of Resignation: |
2014-10-13 |
Operation
Information
Offices &
Factories
We cannot confirm subject current trading address at this stage.
Operation
Information
Since we didn’t get in touch with subject, the
operation information is not available from subject or any other sources.
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.
Since we didn’t get in touch with subject, the financial information is not available from any sources.
Bankers
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817734635838 |
Note: The supplied account no. cannot be confirmed by any sources.
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
Rise Commercial Building, 5-11 Granville Circuit, Tsim
Sha Tsui, Kowloon, Hong Kong.
Rise Commercial Building, 5-11 Granville Circuit, Tsim
Sha Tsui, Kowloon, Hong Kong.
18/F., Rise Commercial Building, 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong.
18/F., Rise Commercial Building, 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong.
Room 1801, 18/F., Rise Commercial Building, 5-11 Granville Circuit, Tsim Sha Tsui,
Kowloon, Hong Kong.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.89 |
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UK Pound |
1 |
Rs.96.83 |
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Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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 |
-- |
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.