MIRA INFORM REPORT
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Report Date : |
05.12.2014 |
IDENTIFICATION DETAILS
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Name : |
NOBLE WILL ENTERPRISE LIMITED |
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Registered Office : |
Unit 503, 5F, Silvercord Tower 2, 30 Canton Rd., Tsimshatsui |
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Country : |
Hongkong |
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Date of Incorporation : |
12.03.2014 |
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Com. Reg. No.: |
62894413 |
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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 : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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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Hongkong |
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 |
HONGKONG - 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): |
Noble Will
Enterprise Limited |
|
Supplied Name: |
Noble Will
Enterprise Ltd |
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Supplied Address: |
Room No B, 10/F Tower
A Billion Center 1 Wang Kwong Road, Kowloon Bay |
Note: The exact name is as above. Since we didn’t find subject, the trading
address is not available from any sources.
Special
Note
According to the supplied name we cannot obtain any operation or contact
information of the subject from public files.
As the supplied address is that of subject’s corporate secretary (SBC
Corporate Services Limited), we cannot obtain any information of the subject
according to it.
We tried to contact the subject through the supplied telephone number
(+852-2507-7219), a lady answered the phone said her company name is SBC
Corporate Services Limited, which is subject’s corporate secretary. She
declined to disclose any information of the subject for confidential reasons.
We visited the subject’s registered address (Unit 503, 5F, Silvercord
Tower 2, 30 Canton Rd., Tsimshatsui, Hong Kong), we did not find the subject on
it. We found subject’s corporate secretary (SBC Corporate Services Limited) is
located on it, and the relevant staff of the company declined to disclose any
information of the subject.
Update to date of reporting, we failed to get in touch with subject. If
you can supply further information such as current telephone number, we’d like to
have the investigation resumed.
We found subject’s registration information as follows for reference.
Company
Identification Details
|
Registered Name: |
|
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Registered Address: |
Unit 503, 5F, Silvercord Tower 2, 30 Canton
Rd., Tsimshatsui, Hong Kong |
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Date of Registration: |
2014-3-12 |
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Registered Number: |
2052073 |
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Business Registration No.: |
62894413 |
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Registered Capital: |
USD 10,000 |
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Paid-up Capital: |
USD 10,000 = 10,000 Shares@ USD 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 2014-3-12 with the registered number 2052073
as Private Limited Liability Company in Hong Kong.
Change of Capital:
Particulars of
the increase are as follows:
|
Date of Resolution |
Registered Capital & Paid Up Capital |
Amount of Additional Capital |
New Amount of Total Registered Capital & Paid Up Capital |
|
2014-8-26 |
HKD 1.00 |
HKD 77,999.00 |
HKD 78,000 |
Note: According to
subject’s decision the Registered Capital & Paid-Up Capital has been
translated from HKD 77,999.00 to USD 10,000.00. The rate was 1 USD = 7.8 HKD.
Corporate
Structure
Subject did not register any subsidiaries or
branches, from other source we can not obtain the relevant information, either.
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Wong Lok Yan |
1 |
0.001% |
|
Shah Hardik Narendrakumar |
77,999 |
99.999% |
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Total |
78,000 |
100% |
Major Shareholder
Information:
|
1 |
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Name: |
Wong Lok Yan |
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Address: |
Room 4A, 163 Hennessy Rd., Wanchai, Hong Kong |
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2 |
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Name: |
Shah Hardik Narendrakumar |
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Address: |
173/8 Jainam Bunglow Vijayar Jnagar, Bhavnagar, Gujarat, India |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Shah Hardik Narendrakumar |
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Address: |
173/8 Jainam Bunglow Vijayar Jnagar, Bhavnagar, Gujarat, India |
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Position: |
Director |
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Passport Number: |
Z2124453 |
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Issuing Country: |
India |
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2 |
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Name: |
SBC Corporate Services Limited |
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Address: |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Rd., Kowloon Bay,
Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
618863 |
Former Directors:
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Name: |
Wong Lok Yan |
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Position: |
Director |
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Date of Resignation: |
2014-8-26 |
Operation
Information
Offices &
Factories
We cannot confirm subject current trading
address at this stage.
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 relevant information is
not available from any sources.
Bankers
Since we didn't get
in touch with subject, the bank information is not available from any sources.
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 |
Industry
Information
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
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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 |
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2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
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2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
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2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
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2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
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2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
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2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
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2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
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2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
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2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
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2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
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2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
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2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
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2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
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2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
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2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
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2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
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2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
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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
Address: Unit 503, 5F, Silvercord Tower 2, 30 Canton Rd.,
Tsimshatsui, Hong Kong
We visited the above address but did not find the subject on it. The
following photos are for your reference.
Silvercord Tower 2, 30 Canton Rd., Tsimshatsui, Hong Kong
5F, Silvercord Tower 2, 30 Canton Rd., Tsimshatsui, Hong Kong
Unit 503, 5F, Silvercord Tower 2, 30 Canton Rd., Tsimshatsui, Hong Kong
Unit 503, 5F, Silvercord Tower 2, 30 Canton Rd., Tsimshatsui, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.97.02 |
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Euro |
1 |
Rs.76.13 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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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.