MIRA INFORM REPORT

 

 

Report Date :

15.12.2014

 

IDENTIFICATION DETAILS

 

Name :

LEO ALLIANCE LIMITED

 

 

Registered Office :

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon,

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

23.07.2004

 

 

Com. Reg. No.:

34770671

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of business :

Trading of Chemicals.

 

 

No. of Employees :

02

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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

Company name and address

 

Company Name:

LEO ALLIANCE LIMITED

Supplied Name:

LEO ALLIANCE LIMITED

Trading Address:

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

Supplied Address:

328, PENINSULA CENTRE, 67 MODY ROAD, T.S.T., KOWLOON, HONGKONG

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

LEO ALLIANCE LIMITED

Registered Address:

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

Telephone Number:

+852-2724-0636

Fax Number:

+852-2723-5542

Date of Registration:

2004-7-23

Registered Number:

913267

Business Registration No.:

34770671

Registered Capital:

HKD 800,000 (USD 103,200)

(As of 2014.11, 1 HKD = 0.129 USD)

Paid-up Capital:

HKD 800,000 (USD 103,200) = 800,000 Shares@ HKD 1

Legal Form:

Private Limited Liability Company

SITC Code:

59899--Other chemical products and preparations.

Principal Activities:

Trading of chemicals and etc.

Staff:

About 2 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-7-23

 

 

History

 

Subject was incorporated on 2004-7-23 with the registered number 913267 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.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Anil Bankatlal Tody

779,999

97.499875%

Mayank Anil Tody

1

0.0125%

Rashmi Anil Tody

20,000

2.5%

Total

800,000

100%

 

Major Shareholder Information:

1

Name:

Anil Bankatlal Tody

Address:

3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong

2

Name:

Mayank Anil Tody

Address:

3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong

3

Name:

Rashmi Anil Tody

Address:

3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Rashmi Anil Tody

Address:

3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong

Position:

Director

ID Number:

R017681(7)

2.

Name:

Anil Bankatlal Tody

Address:

3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong

Position:

Director/Secretary

ID Number:

P743005(5)

 

Personnel Structure

 

Total Employees

About 2 Employees

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

 

Premises Information

 

Office address:

Address:

Unit No. 328 On 3/F

Peninsula Centre

No.67 Mody Road

Kowloon

Owners:

Tody Rashmi Anil

Tody Rashmi Anil

Memorial Number:

Joint Tenant

Date of Instrument:

08051302450268

Assignment

Date of Registration:

2008-4-16

Consideration Value:

2008-5-13

 

History of Premises Owners’

 

1

Memorial No.:

10020302690138

Date of Instrument:

2010-1-14

Date of Registration:

2010-2-3

Nature:

Mortgage

In Favor of:

Bank Of Baroda

Consideration:

All Monies

2

Memorial No.:

05040601420013

Date of Instrument:

2005-3-15

Date of Registration:

2005-4-6

Nature:

Management Agreement

In Favor of:

Guardian Property Management Limited

3

Memorial No.:

UB8667455

Date of Instrument:

2002-4-17

Date of Registration:

2002-5-2

Nature:

Management Agreement

In Favor of:

Guardian Property Management Limited "Manager"

 

 

Production Information

 

·         The subject is a trader of chemicals and etc without any production activities.

 

Purchase Information

 

·         It is introduced that subject purchases its products and etc both at home and abroad.

 

Sales Information

 

·         The subject is mainly engaged in sales of chemicals and etc.

·         Subject’s major products are raw materials of medicine, such as Acetone， Alpha Lipoic Acid and etc.

·         Subject’s selling territory includes Asia, Europe, America and etc.

·         Subject major customers are pharmaceuticals companies and etc.

 

 

Settlements

 

Purchase

 

Domestic Purchase

Products

Chemicals and etc.

Payment Terms

T/T, Cash and etc

 

Import

Products

Chemicals and etc.

Payment Terms

T/T, L/C and etc

 

Sales

 

Domestic Markets

Product

Chemicals and etc.

Selling Terms

T/T, Cash and etc

 

 

 

Export

Product

Chemicals and etc.

Selling Terms

T/T, L/C and etc

 

 

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 Mr. Anil 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

 

Mortgage Record

 

1

Company Name:

Leo Alliance Limited

Instrument of Creating Mortgage:

Charge over accounts (limited Company- Under Sea)

Date of Creating Mortgage:

2004-11-15

Amount Secured:

To secure “all monies” in respect of banking facilities owing at any time plus interest and all expenses.

Name and Address of Mortgagee:

The Hong Kong and Shang Hai Banking Corporation Limited whose head office is situated at No. 1 Queen’s Roads Central, Hong Kong

Description of Property Mortgaged:

In consideration of the Bank agreeing to grant or continuing to grant the Banking Facilities the Chargor, as beneficial owner and by way of fixed charge, assigns, charges and pledges the “charged Property” to Bank as a continuing security for the due payment and satisfaction of the Secured Moneys by the Chargor to the Bank on demand.

 

Deposit Accounting No. : 636-454449-838

Wayfoong Gold Accounting No. : 636-454449-838

Secured Accounting No. : 636-454449-380

2

Company Name:

Leo Alliance Limited

Instrument of Creating Mortgage:

MEMORANDUM

Date of Creating Mortgage:

2007-9-3

Amount Secured:

Loan Or Credit Or Other Facilities

Name of Mortgagee:

Bank Of Baroda

Address of Mortgagee:

1010-12 Hong Kong Pacific Centre 28 Hankow Road, Hong Kong

Fax:2938-2931

Description of Property Mortgaged:

Distinctive No. Of Receipts: 9122-0300-0002-34

Date of Issue: 2006-11-10

Amount (USD)：66,166.84

Due Date：2007-11-8

 

And any other money which may from time to time being held by BOB for account of the depositor.

3

Company Name:

Leo Alliance Limited

Instrument of Creating Mortgage:

MEMORANDUM

Date of Creating Mortgage:

2009-6-29

Amount Secured:

Loan Or Credit Or Other Facilities

Name of Mortgagee:

Bank Of Baroda

Address of Mortgagee:

1010-12 Hong Kong Pacific Centre 28 Hankow Road, tsimshaTsui, Kowloon, Hong Kong

Description of Property Mortgaged:

Distinctive No. Of Receipts: 9122-0300-0002-34

Date of Issue: 2008-11-6

Amount (USD): 71,619.61

Due Date: 2009-11-4

 

Distinctive No. Of Receipts: 9122-0300-0004-93

Date of Issue: 2009-2-27

Amount (USD): 61,213.33

Due Date: Due Date

 

 

Lawsuits

 

Up to now, no present or latent litigation of the subject has been found.

High Court Action:

Clear

High Court Baukufty Bankruptcy Proceedings:

Clear

High Court Commercial Action:

Clear

High Court Construction & Arbitration Proceedings:

Clear

High Court Companies Winding-Up:

Clear

 

 

Special Note

 

Interview Details

Name

Mr. Anil

E-mail:

aniltody@leoalliance.com

 

Industry Information

 

59899--Other chemical products and preparations.

 

Unit: HKD/000

 

2014.05

2014.01~2014.05

 

Quantity

Value

Quantity

Value

Imports

United Arab Emirates

--

1,916

--

11,913

Australia

--

489

--

1,228

Belgium

--

318

--

5,302

Canada

--

701

--

2,538

USA

--

22,056

--

159,593

Switzerland

--

7,835

--

36,401

France

--

6,712

--

20,943

Britain

--

1,444

--

9,712

Japan

--

80,307

--

547,066

Korea

--

20,754

--

133,251

The Mainland of China

--

59,100

--

348,805

Exports

Indonesia

--

130

--

130

India

--

257

--

610

Korea

--

647

--

3,464

Macau

--

8

--

253

Singapore

--

16

--

96

Thailand

--

291

--

882

Taiwan

--

108

--

1,508

The Mainland of China

--

7,717

--

41,261

 

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 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

 

IMG_6312

 

 

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

IMG_6313

 

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

IMG_6315

 

Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong

IMG_6314

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.44

UK Pound

1

Rs.98.15

Euro

1

Rs.77.38

 

INFORMATION DETAILS

 

Analysis Done by :

SUB 

 

 

Report Prepared by :

NIT

 

               

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.