|
Report Date : |
15.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONSULTRA INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
Unit B, 18/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
20.10.2000 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of chemical
intermediates, agro-chemicals |
|
|
|
|
No. of Employees : |
04 |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Hong Kong |
A2 |
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 levies excise duties on only four commodities, namely: 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, it again faces a possible slowdown as exports to the Euro zone and US slump. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous year. 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 exports 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. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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
|
Source
: CIA |
CONSULTRA INTERNATIONAL LTD.
ADDRESS: Unit B, 18/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan, Hong Kong.
PHONE: 852-2185 7182, 2185 7181
FAX: 852-2185 7176
E-MAIL: ada_lee@consultra.com.hk
Managing Director: Mr. Hau Fuk Chuen
Incorporated on: 20th October, 2000.
Organization: Private Limited Company.
Capital: Nominal:HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit B, 18/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan, Hong Kong.
Associated Company:-
Kuo Ching Chemical Co. Ltd., Taiwan.
31309461
0735171
Managing Director: Mr. Hau Fuk Chuen
Contact Person: Mr. Keith David West
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS: (As per registry dated 20-10-2013)
|
Name |
|
No. of shares |
|
HAU Fuk Chuen |
|
4,100 |
|
Keith David WEST |
|
4,100 |
|
Kuo Ching Chemical Co. Ltd. 35-5 Tong Shih, Tong Shih Li, Pin Chen City, Taoyuan, Taiwan. |
|
1,800 |
|
|
|
––––– |
|
|
Total: |
10,000 ===== |
DIRECTORS: (As per registry dated 20-10-2013)
|
Name (Nationality) |
Address |
|
HUANG Ting Ti |
5F, 229 Chung Shing Street, Taichung, Taiwan. |
|
Ian Daniel MCMANUS |
Ash House, High Street, GT Chesterford, Saffron Walden, Essox CB101 PL, UK. |
|
HAU Fuk Chuen |
Flat C, 5/F., Tower 13, South Horizons, Ap Lei Chau, Hong Kong. |
|
Keith David WEST |
Apartment C, 4/F., Seaview Mansion, Parkridge Village, Discovery Bay, Lantau Island, Hong Kong. |
SECRETARY: (As per registry dated 20-10-2013)
|
Name |
Address |
Co. No. |
|
Tse & Tse Management Co. Ltd. |
Flat B, 16/F., Kwong On Bank (Mongkok Branch) Building, 728-730 Nathan Road, Mongkok, Hong Kong. |
0047242 |
The subject was incorporated on 20th October, 2000 as a private limited liability company under the Hong Kong Companies Ordinance.
Last time, the subject was located at Room 1006, Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong, moved to the present address in January 2001.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of chemical intermediates, agro-chemicals,
Employees: 4.
Commodities Imported: India, Taiwan, Europe, etc.
Markets: China, other Asian countries, North America, Western Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
Having issued 10,000 ordinary shares of HK$1.00 each, Consultra International Ltd. is jointly owned by three parties, namely, Mr. Hau Fuk Chuen, holding 41% interests; Mr. Keith David West, also holding 41%; and Kuo Ching Chemical Co. Ltd. [Kuo Ching], a Taiwan-based company holding 18%.
The directors of the subject are Hau Fuk Chuen, Huang Ting Ti, Keith David West and Ian Daniel Mcmanus. Hau is a Hong Kong merchant. K D West seems to be a British but is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently. The other two directors are not in Hong Kong.
The subject is trading in all kinds of chemical intermediates, agro-chemicals, etc. Products are imported from India, Taiwan, Europe, etc.
The subject’s holding company Kuo Ching, which is its minor shareholder, is a listed company in Taiwan bearing stock code No. 1757. The chairman of Kuo China Mr. Huang Ting Ti, Timothy is also one of the directors of the subject. Huang is a US-passport holder.
Incorporated on 21st October, 1999, Kuo Ching is engaged in manufacturing Thermoplastic vulcanizate [TPV] which is a kind of additive used in EPDM, SBR, NR, BR, PP, PE, etc.
The TPV manufactured by Kuo Ching bears the trade mark Elastoplas®.
The subject is trading in Kuo Ching’s TPV. It also trades in other chemical intermediates. Prime markets are China, Southeast Asia, North America, the United Kingdom, other Western Europe, etc. Business is rather active.
The contact person of the subject Ms. Ada Lee is a Hongkongnese who is also sales manager of the subject.
The subject’s business is rather profitable. It has kept a number of regular suppliers and foreign customers.
As the history of the subject is over 13 years and three months in Hong Kong, on the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.67 |
|
Euro |
1 |
Rs.85.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.