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Report Date : |
29.07.2014 |
IDENTIFICATION DETAILS
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Name : |
JADWAY LTD. |
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Registered Office : |
25/F., Kerry Centre, 683 King’s Road, |
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Country : |
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Date of Incorporation : |
27.08.2004 |
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Com. Reg. No.: |
34904220 |
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|
|
Legal Form : |
Private Limited Company |
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Line of Business : |
Subject is engaged in property development and investment
holding |
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No. of Employees |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
(Formerly located at:
9/F., Kin On Commercial Building, 49-51 Jervious Street, Hong Kong.)
JADWAY LTD.
ADDRESS: 25/F., Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong.
PHONE: 852-2967 2200
FAX: 852-2524 1000
Managing Director: Mr. Wong Siu Kong
Incorporated on: 27th August, 2004.
Organization: Private Limited Company.
Capital: Nominal:HK$10,000.00
Issued: HK$10,000.00
Business Category: Investment Holding and Property Development.
Group Turnover: HK$33,158.0 million (Year ended 31-12-2013)
Employees: 50.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Head
Office:-
25/F., Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong.
Holding Company:-
Fancy Victory Ltd., British Virgin Islands.
Intermediate Holding
Company:-
Kerry Properties Ltd., Bermuda.
Ultimate Holding
Company:-
Kerry Group Ltd., Cook Islands.
Associated
Companies:-
Able Meridian Logistics Sdn. Bhd., Malaysia.
Adn Berkat Sdn. Bhd., Malaysia.
All First Investments Ltd., British Virgin Islands.
Amble Aim Sdn. Bhd., Malaysia.
Apex Ally Ltd., Hong Kong.
Arie van Donge & Co. Holding B.V., The Netherlands.
Asia Airfreight Services Ltd., Hong Kong.
Asia Airfreight Terminal Co. Ltd., Hong Kong.
Asia Insight Investments Ltd., Hong Kong.
Asian Profit Ltd., Hong Kong.
Beijing Bei Jian Tong Cheng International Logistics Co. Ltd., China.
Beijing Jia Ao Real Estate Development Co. Ltd., China.
Beijing Jia Jia Investment Consultancy Co. Ltd., China.
Beijing Kerry EAS Real Estate Management Ltd., China.
Beijing Kerry Hotel Co. Ltd., China.
Beijing Kerry Huayuan Real Estate Development Co. Ltd., China.
Beijing Kerry Logistics Ltd., China.
Beijing Kong Gang Kerry EAS Logistics Ltd., China.
Beijing Tengchang International Transportation Service Co. Ltd., China.
Beijing Yi Zhuang Kerry EAS Logistics Ltd., China.
Bergen Freight Forwarding Ltd., UK.
Best Insight Ltd., Hong Kong.
Be-Tech Investments Ltd., British Virgin Islands.
Bethan Co. Ltd., Hong Kong.
Brisbane Trading Co. Ltd., Hong Kong.
Capital Rise Investments Ltd., Hong Kong.
Cardiff Investments Ltd., Hong Kong.
Century Link (Hong Kong) Ltd., Hong Kong.
CF Express Co. Ltd., Taiwan.
Chain Base Ltd., Hong Kong.
Changsha Guang Yue Real Estate Co. Ltd., China.
Cheerjoy Development Ltd., Hong Kong.
Chengdu Kerry EAS Logistics Ltd., China.
Chengdu Kerry Shudu Logistics Co. Ltd., China.
Chester Profit Ltd., Hong Kong.
Chiwan Container Terminal Co. Ltd., China.
Chongqing Kerry EAS Customs Declaration Services Ltd., China.
Chongqing Lingxian Industry Development Ltd., China.
Chongqing Tengchang Logistics Co. Ltd., China.
Crown On Investment Ltd., Hong Kong.
Crystal Link Holdings Ltd., Hong Kong.
CV Global Logistics (Beijing) Ltd., China.
Dragon Fame Ltd., Hong Kong.
E.A.E. Freight & Forwarding Sdn. Bhd., Malaysia.
E.A.E. Transport Sdn. Bhd., Malaysia.
EAS Cross Border Trucking Ltd., Hong Kong.
EAS Da Tong International Trucking Co. Ltd., Hong Kong.
EAS International Logistics (Shanghai) Co. Ltd., China.
Eas Logistics (Shenzhen) Co. Ltd., China.
East Asiatic Enterprise Sdn. Bhd., Malaysia.
Enterprico Investment Ltd., Hong Kong.
F.D.I Commercial And Forwarding Services Co. Ltd., Vietnam.
Fast Forward Logistics Sdn. Bhd., Malaysia.
Feng Cheng Hui Cheng Chemical Logistics Co. Ltd., China.
Fine Century Holdings Ltd., Hong Kong.
Fine Winner Holdings Ltd., Hong Kong.
Fortune Mega Investments Ltd., Hong Kong.
Full Fortune Real Estate (Putian) Co. Ltd., China.
Gain Silver Finance Ltd., British Virgin Islands.
Gainlead International Ltd., British Virgin Islands.
Golden Concord Properties Ltd., Hong Kong.
Grand Rise Investments Ltd., Hong Kong.
Guangzhou KART Automobile Freight Co. Ltd., China.
Guangzhou KerryFlex Trading Ltd., China.
Haily Investments Ltd., Hong Kong.
Hanjin Kerry Logistics Co. Ltd., South Korea.
Hengyun Real Estate (Tangshan) Co. Ltd., China.
Hohhot Chunhua KVW Water Treatment Co. Ltd., China.
Hohhot Chunhua VWK Water Operation Co. Ltd., China.
Hong Kong Shanghai Development Co. Ltd., Hong Kong.
Hugo Vantage Ltd., Hong Kong.
Huiyao Real Estate (Hangzhou) Co. Ltd., China.
Indev Logistics Private Ltd., India.
Index Management Ltd., Hong Kong.
Interseed Co. Ltd., Hong Kong.
ISA Investments Ltd., British Virgin Islands.
Jacksons Landing Development Pty. Ltd., Australia.
Jacksons Landing Estate Management Pty Ltd., Australia.
Jet Fame (Hong Kong) Ltd., Hong Kong.
Ji Xiang Real Estate (Nanjing) Co. Ltd., China.
Jian’an Real Estate (Kunming) Co. Ltd., China.
Join Sky Investment Ltd., Hong Kong.
K.A.S. Services Ltd., Hong Kong.
Kart (Thailand) Ltd., Thailand.
Kart (Viet Nam) Co. Ltd., Vietnam.
Kerry (Shenyang) Real Estate Development Co. Ltd., China.
Kerry Business Outsourcing Solutions Ltd., Hong Kong.
Kerry Cao Jia Yan Properties (Shanghai) Co. Ltd., China.
Kerry Cargo Centre Ltd., Hong Kong.
Kerry Cargo Transportation Co. Ltd., China.
Kerry Centre Real Estate (Shenzhen) Co. Ltd., China.
Kerry Cold Store (Hong Kong) Ltd., Hong Kong.
Kerry Communication Ltd., Hong Kong.
Kerry Corporate Services Ltd., Hong Kong.
Kerry CQ Water (Hohhot) Ltd., Hong Kong.
Kerry D.G. Warehouse (Kowloon Bay) Ltd., Hong Kong.
Kerry Development (Chengdu) Ltd., China.
Kerry Development (Manzhouli) Co. Ltd., China.
Kerry Development (Shanghai) Co. Ltd., China.
Kerry Development (Shenzhen) Co. Ltd., China.
Kerry Distribution (Hong Kong) Ltd., Hong Kong.
Kerry Distribution (Thailand) Ltd., Thailand.
Kerry Distribution Services (Hong Kong) Ltd., Hong Kong.
Kerry EAS (Shanghai) Freight Agency Co. Ltd., China.
Kerry EAS Logistics (Shenzhen) Ltd., China.
Kerry Eas Logistics (Xiamen) Co. Ltd., China.
Kerry EAS Logistics Ltd., China.
Kerry Estate Management Ltd., British Virgin Islands.
Kerry Facilities Management (Hong Kong) Ltd., Hong Kong.
Kerry Facilities Management Services Ltd., Hong Kong.
Kerry Far East Logistics (Bangladesh) Ltd., Bangladesh.
Kerry Far East Logistics (Hong Kong) Ltd., Hong Kong.
Kerry FFTZ Warehouse (Shenzhen) Ltd., China.
Kerry Freight (Australia) Pty Ltd, Australia.
Kerry Freight (Hong Kong) Ltd., Hong Kong.
Kerry Freight (Korea) Inc., South Korea.
Kerry Freight (Singapore)
Pte. Ltd., Singapore.
[Formerly known as Kerry Logistics (Singapore) Pte. Ltd.]
Kerry Freight (Taiwan) Ltd., Taiwan.
Kerry Freight (Thailand) Ltd., Thailand.
Kerry Freight (USA) Incorporated, US.
Kerry Freight International Ltd., Hong Kong.
Kerry Freight Myanmar Ltd., Myanmar.
Kerry Freight Services (Asia) Pte. Ltd., Singapore.
Kerry Freight Services (South Asia) Pte. Ltd., Singapore.
Kerry Freight Services Ltd., British Virgin Islands.
Kerry Huafeng Property Development (Hangzhou) Co. Ltd., China.
Kerry Huicheng (Shanghai)
Logistics Co. Ltd., China.
[Formerly known as Shanghai Hui Cheng Investment Consultancy Co. Ltd.]
Kerry Hung Kai Warehouse (Cheung Sha Wan) Ltd., Hong Kong.
Kerry Infrastructure Ltd., British Virgin Islands.
Kerry Integrated Logistics (Hung Yen) Joint Stock Co., Vietnam.
Kerry Integrated logistics (Viet Nam) Co. Ltd., Vietnam.
Kerry Logistics (Australia) Pty Ltd., Australia.
Kerry Logistics (Belgium) Bvba., Belgium.
Kerry Logistics (Cambodia) Pte. Ltd., Cambodia.
Kerry Logistics (Chengdu) Ltd., China.
Kerry Logistics (China) Investment Ltd., China.
Kerry Logistics (Czech Republic) s.r.o., Czech Republic.
Kerry Logistics (Fuzhou) Co. Ltd., China.
Kerry Logistics (Germany) GmbH, Germany.
Kerry Logistics (Hong Kong) Ltd., Hong Kong.
Kerry Logistics (Japan) Ltd., Japan.
Kerry Logistics (Kunshan) Ltd., China.
Kerry Logistics (Macau) Ltd., Macau.
Kerry Logistics (Malaysia) Sdn. Bhd., Malaysia.
Kerry Logistics (Netherlands) B.V., The Netherlands.
Kerry Logistics (Shanghai Waigaoqiao) Co. Ltd., China.
Kerry Logistics (Spain)
S.A.U., Spain.
[Formerly known as Kerry Salvat Logistics S.A.]
Kerry Logistics (Switzerland) GmbH, Switzerland.
Kerry Logistics (Thailand) Ltd., Thailand.
Kerry Logistics (Tianjin) Co. Ltd., China.
Kerry Logistics (UK) Ltd., UK.
Kerry Logistics (Wuxi) Co. Ltd., China.
Kerry Logistics (Xiamen) Co. Ltd., China.
Kerry Logistics (Zhengzhou) Ltd., China.
Kerry Logistics Anhui Co. Ltd., China.
Kerry Logistics Centre
(Tampines) Pte. Ltd., Singapore.
[Formerly known as Kerry Logistics Hub (Singapore) Pte. Ltd.]
Kerry Logistics Cold Chain (Australia) Pty. Ltd., Australia.
Kerry Logistics France Sarl, France.
Kerry Logistics GmbH, Austria.
Kerry Logistics Holdings (Australia) Pty Ltd., Australia.
Kerry Logistics Infrastructure Ltd., British Virgin Islands.
Kerry Logistics Ltd., British Virgin Islands.
Kerry Logistics Management (Asia) Pte. Ltd., Singapore.
Kerry Logistics Network Ltd., Bermuda.
Kerry Logistics Services (Asia) Ltd., British Virgin Islands.
Kerry Logistics Services Ltd., British Virgin Islands.
Kerry Malship Logistics Lanka (Private) Ltd., Sri Lanka.
Kerry Pacific (Thailand) Ltd., Thailand.
Kerry PC3 Ltd., Hong Kong.
Kerry Project Management (H.K.) Ltd., Hong Kong.
Kerry Project Management (Macau) Ltd., Macau.
Kerry Properties (China) Investment Co. Ltd., China.
Kerry Properties (China) Ltd., British Virgin Islands/Hong Kong.
Kerry Properties (H.K.) Ltd., Hong Kong.
Kerry Properties (Hong Kong) Ltd., British Virgin Islands/Hong Kong.
Kerry Properties (Macau) Ltd., Macau.
Kerry Properties (North China) Development Co. Ltd., China.
Kerry Properties (Shenzhen) Co. Ltd., China.
Kerry Properties (Sydney) Pty Ltd., Australia.
Kerry Properties Development Management (Shanghai) Co. Ltd., China.
Kerry Properties International Ltd., British Virgin Islands.
Kerry Properties Nominees Ltd., British Virgin Islands.
Kerry Properties Treasury Ltd., British Virgin Islands.
Kerry Property Management Services Ltd., Hong Kong.
Kerry Real Estate (Hangzhou) Co. Ltd., China.
Kerry Real Estate (Nanchang) Co. Ltd., China.
Kerry Real Estate Agency Ltd., Hong Kong.
Kerry Reliable Logistics Private Ltd., India.
Kerry Samyoung Logistics (Korea) Ltd., South Korea.
Kerry Siam Seaport Ltd., Thailand.
Kerry TC Warehouse 1 (Block A) Ltd., British Virgin Islands.
Kerry TC Warehouse 1 (Block B) Ltd., British Virgin Islands.
Kerry TC Warehouse 2 Ltd., Hong Kong.
Kerry TJ Logistics Co. Ltd., Taiwan.
Kerry Ttc Express Joint Stock Co., Vietnam.
Kerry Warehouse (Chai Wan) Ltd., Hong Kong.
Kerry Warehouse (Fanling 1) Ltd., Hong Kong.
Kerry Warehouse (Hong Kong) Ltd., Hong Kong.
Kerry Warehouse (Kwai Chung) Ltd., Hong Kong.
Kerry Warehouse (Shatin) Ltd., Hong Kong.
Kerry Warehouse (Sheung Shui) Ltd., Hong Kong.
Kerry Warehouse (Tsuen Wan) Ltd., Hong Kong.
Kerry-Ats Logistics Inc., Philippines.
Kerryflex Supply Chain Solutions (Macau) Ltd., Macau.
KerryFlex Supply Chain Solutions (Thailand) Ltd., Thailand.
KerryFlex Supply Chain Solutions Ltd., Hong Kong.
Kerry-IntraTainer Precision Metal (Dongying) Co. Ltd., China.
Kerry-Intratainer Pte. Ltd., Singapore.
Kerry-ITS (Thailand) Ltd., Thailand.
Kerry-ITS (Vietnam) Co. Ltd., Vietnam.
Kerry-ITS Terminal (Kandla) Private Ltd., India.
Kerry-ITS Terminal (Shanghai) Co. Ltd., China.
Kerry-ITS Terminal Pte. Ltd., Singapore.
Kildare Ltd., Hong Kong.
KLCH Ltd., Thailand.
KLN (Singapore) Pte. Ltd., Singapore.
KLN Container Line Ltd., British Virgin Islands.
KLN Corporate Services Ltd., Hong Kong.
KLN Insurance Consultants Ltd., Hong Kong.
KLN Investment (Viet Nam) Co. Ltd., Vietnam.
KLN Nominees Ltd., British Virgin Islands.
Kunshan Wisdom Logistics Co. Ltd., China.
Kuok Pengangkutan Sdn. Bhd., South Korea.
KVW Investment Co. Ltd., Hong Kong.
Le Ping Hui Cheng Chemical Logistics Co. Ltd., China.
Leading Well Ltd., Hong Kong.
Lucky Billion Development (Qinhuangdao) Co. Ltd., China.
Mable Road Co. Ltd., Hong Kong.
Magnet Logistics Kabushiki Kaishya, Japan.
Magnifair Co. Ltd., Hong Kong.
Mainco Management Ltd., Hong Kong.
Maple Crest Development Ltd., British Virgin Islands.
Mark VII International GmbH, Germany.
Maxtime International Ltd., Hong Kong.
MCMC Pte. Ltd., Singapore.
MegaBox Development Co. Ltd., Hong Kong.
MegaBox Management Services Ltd., Hong Kong.
Metro Cosmos Ltd., Hong Kong.
Mid-Levels Portfolio (Branksome) Ltd., Hong Kong.
Mid-Levels Portfolio (Gladdon) Ltd., Hong Kong.
Mid-Levels Portfolio (Tavistock) Ltd., Hong Kong.
Mid-Levels Portfolio (Valverde) Ltd., Hong Kong.
Million Palace Development (Chengdu) Co. Ltd., China.
Newick Ltd., Hong Kong.
Nine To Five Ltd., Hong Kong.
Ningbo Ruifeng Real Estate Co. Ltd., China.
Orient Field Holdings Ltd., Hong Kong.
Panawin Ltd., Hong Kong.
Peak Universe Ltd., Hong Kong.
Pembrooke Development Investments Ltd., British Virgin Islands.
Pettico Ltd., Hong Kong.
Precise Skill Investments Ltd., Hong Kong.
Prismatic Ltd., Hong Kong.
PT. Kerry Logistics Indonesia, Indonesia.
Qingdao Bonded Logistics Park Kerry EAS Logistics Ltd., China.
Qingdao Qianwan Kerry EAS Logistics Ltd., China.
Rayhay Co. Ltd., Hong Kong.
Right Century Investments Ltd., Hong Kong.
Rink Management Group Ltd., Hong Kong.
Risenland Development (Fuzhou) Co. Ltd., China.
Rodder Holdings Ltd., Hong Kong.
Ruihe Real Estate (Tangshan) Co. Ltd., China.
Shandong D-Express Logistics Co. Ltd., China.
Shandong D-Express Management Consultancy Co. Ltd., China.
Shandong D-Express Network Management Co. Ltd., China.
Shang Properties Inc., Philippines.
Shanghai Gang Hu Properties Co. Ltd., China.
Shanghai Heng Yu Int’l Container Service Centre Co. Ltd., China.
Shanghai Hui Cheng Logistics Co. Ltd., China.
Shanghai Ji Xiang Properties Co. Ltd., China.
Shanghai Jia Cheng Logistics Co. Ltd., China. [Formerly known as Shanghai Hui Cheng Supply Chain Management Co. Ltd.]
Shanghai Jia Jia Trading Ltd., China.
Shanghai Kerry Chj Logistics Ltd., China.
Shanghai Kerry Real Estate Development Co. Ltd., China.
Shanghai Lingang Kerry EAS Logistics Ltd., China.
Shanghai Magnet Global
Logistics Co. Ltd., China.
[Formerly known as Shanghai Magnet Int’l Freight Agency Co. Ltd.]
Shanghai Magnet Logistics (HK) Co. Ltd., Hong Kong.
Shanghai Pudong Airport Integrated FTZ Kerry EAS Logistics Ltd., China.
Shanghai Pudong Kerry City Properties Co. Ltd., China.
Shanghai Shen Gao International Container Service Centre Co. Ltd., China.
Shanghai Song Jiang Kerry EAS Transportation Ltd., China.
Shanghai TCI Freight Forwarding Co. Ltd., China.
Shanghai WFTZ Kerry EAS Logistics Ltd., China.
Shanghai Wisdom Global
Logistics Co. Ltd., China.
[Formerly known as Shanghai Wisdom International Freight Agency Co. Ltd.]
Shanghai Xiang Ming Clothings Co. Ltd., China.
Shanghai Xin Ci Hou Properties Co. Ltd., China.
Shenzhen Dong Meng Logistics Ltd., China.
Shenzhen Kerry Yantian Port Logistics Co. Ltd., China.
Shun On Properties Ltd., Hong Kong.
Sinar Haulage Sdn. Bhd., Malaysia.
Sky Fair Development (Qinhuangdao) Co. Ltd., China.
Sociedade de Investimento Imobiliario Tim Keng Van S.A., Macau.
Suzhou Industrial Park District Kerry Eas Logistics Co. Ltd., China.
Synergy Golden Ltd.,British Virgin Islands.
Taishan Insurance Brokers Ltd., Hong Kong.
Taskan Ltd., Hong Kong.
Tci International Freight Forwarding Ltd., Hong Kong.
TG Delivery Service Ltd., Hong Kong.
Tianjin Kerry Eas Customs Declaration Ltd., China.
Tianjin Kerry EAS International Trading Co. Ltd., China.
Tianjin Kerry Real Estate Development Co. Ltd., China.
Time Rank Ltd., Hong Kong.
Top Gun Courier Ltd., Hong Kong.
Top Gun Express Centre (Asia) Ltd., Hong Kong.
Top Gun Express Centre Ltd., Hong Kong.
Top Transmode Overseas pArtners (My) Sdn. Bhd., Malaysia.
Transmode Overseas Transportgesellschaft mbH, Germany.
Travel Aim Investment B.V., The Netherlands.
Trebanos Investment Co. Ltd., Hong Kong.
Ubagan Ltd., Hong Kong.
Union Top Properties Ltd., Hong Kong.
Upsmart Investments Ltd., Hong Kong.
Vickon Ltd., Hong Kong.
Victory Top Properties Ltd., Hong Kong.
Wah Cheong Co. Ltd., Hong Kong.
Wealthline Properties Ltd., British Virgin Islands.
Wealthy Plaza Development (Chengdu) Ltd., China.
Wealthy State Investments Ltd., Hong Kong.
Well Fortune Real Estate (Putian) Co. Ltd., China.
Western Harbour Tunnel Co. Ltd., Hong Kong.
Widemax Ltd., Hong Kong.
Win Chanford Enterprises Ltd., Hong Kong.
Win House Industries Ltd., Hong Kong.
Wing Tsing Financial Services Ltd., British Virgin Islands.
Wirabay Ltd., British Virgin Islands.
Wiseyear Holdings Ltd., British Virgin Islands.
Wolver Hollow Co. Ltd., Hong Kong.
Wu Wing International Co. Ltd., Hong Kong.
Xiamen Haicang Kerry EAS Logistics Ltd., China.
Xian Kerry EAS Logistics Co. Ltd., China.
Xiang Heng Real Estate (Jinan) Co. Ltd., China.
Xinjiang Kerry EAS Logistics Ltd., China.
Ying He Co. Ltd., China.
Yong Yu Real Estate (Nanjing) Co. Ltd., China.
Zhanfeng Real Estate (Yingkou) Co. Ltd., China.
Zhanye Real Estate (Yingkou) Co. Ltd., China.
Zhengzhou Yuheng Real Estate Co. Ltd., China.
Zhongshan Dajindun Trading Ltd., China.
etc.
Affiliated
Companies:-
Peterson Group Companies
Peterson (CNG) Equipment Ltd., Hong Kong.
Peterson Capital Holdings Ltd., Hong Kong.
Peterson China Property Ltd., Hong Kong.
Peterson Construction Materials Co. Ltd., Hong Kong.
Peterson Embroidery Co. Ltd., Hong Kong.
Peterson Finance Ltd., Hong Kong.
Peterson Group Management Ltd., Hong Kong.
Peterson Holdings Co. Ltd., Hong Kong.
Peterson Investments (China) Co. Ltd., Hong Kong.
Peterson Nominees Ltd., Hong Kong.
Peterson Properties Co. Ltd., Hong Kong.
Peterson Property (Holdings) Co. Ltd., Hong Kong.
Peterson Property Investments Co. Ltd., Hong Kong.
Peterson Real Estate Agency Ltd., Hong Kong.
Peterson Wine & Beverage Co. Ltd., Hong Kong.
Peterson(London) Co. Ltd., Hong Kong.
34904220
0919593
Managing Director: Mr. Wong Siu Kong
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDER: (As per registry dated 27-08-2013)
|
Name |
|
No. of shares |
|
Fancy Victory Ltd. P.O. Box 957 Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. |
|
10,000 ===== |
DIRECTORS: (As per registry dated 27-08-2013)
|
Name (Nationality) |
Address |
|
HO Shut Kan |
Flat B, 15/F., Block 2, Braemar Hill Mansions, 17 Braemar Hill Road, North Point, Hong Kong. |
|
CHU Ip Pui |
Flat A, 2/F., Block 2, Parc Versailles, 8 Mui Shu Hang Road, Taipo, New Territories, Hong Kong. |
|
Wilkie LEE |
Flat 1210, 12/F., Block J, Kornhill, Quarry Bay, Hong Kong. |
|
YEUNG Sai Hong |
Apartment B, 9/F., Twin Brook, 43 Repulse Bay Road, Hong Kong. |
|
YEUNG Siu Tung, Tony |
Unit B, 8/F., Block 1, Grand Garden, 61 South Bay Road, Hong Kong. |
|
WONG Siu Kong |
Unit 601, 6/F., May Tower 1, 7 May Road, Central, Hong Kong. |
SECRETARY: (As per registry dated 27-08-2013)
|
Name |
Address |
Co. No. |
|
Kerry Corporate Services Ltd. |
25/F., Kerry Centre, 683 King’s Road, Quarry Bay, Hong Kong. |
0986306 |
The subject was incorporated on 27th August, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject moved to the present address in November 2010.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities & Lines: Investment Holding and Property Development.
Employees: 50.
Commodities Imported: Not Applicable.
Business Territories: Hong Kong, China, etc.
Group Turnover: HK$21,226.0 million (Year ended 31-12-2010)
HK$20,660.4 million (Year ended 31-12-2011)
HK$34,513.0 million (Year ended 31-12-2012)
HK$33,158.0 million (Year ended 31-12-2013)
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Group Profit
Attributable to Shareholders:-
HK$ 6,703.0 million (Year ended 31-12-2010)
HK$ 5,347.7 million (Year ended 31-12-2011)
HK$ 6,960.2 million (Year ended 31-12-2012)
HK$13,154.4 million (Year ended 31-12-2013)
Profit or Loss: Business is profitable.
Condition: Keeping in an active 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: Good.
Jadway Ltd. is a wholly-owned subsidiary of Fancy Victory Ltd. which is a BVI-registered company.
The intermediate holding company of the subject Kerry Properties Ltd. [KPL/Group] is a Bermuda-registered company. KPL is a listed company in Hong Kong.
The subject is 71% owned by KPL.
According to KPL, the subject is engaged in property development and investment holding.
Any investment project which is 71% owned by KPL is carried out by the subject.
KPL is a world-class property company with significant investments throughout Asia. It is known for its property development activities in China and Hong Kong. In both markets, KPL focuses on investing in premium quality property developments in prime locations. It has developed a successful business model for doing this over many years and has considerable experience as a developer and manager of quality properties.
The subject belongs to the Hong Kong Propery Division of KPL.
During the year ended 31st December 2013, the Hong Kong Property Division reported a turnover of HK$8,130 million (2012: HK$12,408 million) and gross profit of HK$3,581 million (2012: HK$4,990 million) respectively.
During the year, the Division’s turnover was mainly derived from recognized sales of Bayview, SOHO 189, Lions Rise and The Altitude. Residential development activities in Hong Kong remain focused on cosmopolitan areas or locations enjoying unique advantages. This prime portfolio of projects under development will continue to contribute healthy sales revenue to the Division on a steady schedule of completions.
Strong leasing performance was also recorded in its portfolio of high-quality investment properties with positive rental reversions for commercial properties. Geared to deriving sustainable value from this premium asset base, the Division looks forward to consistent growth ahead.
In Hong Kong, the Division manages a portfolio of prime residential, commercial and office properties. This rental asset base is instrumental to our strategy of deriving a stable and growing stream of recurrent income for the Group. During the year, turnover, comprising rental and other fees, generated from the Group’s completed investment properties in Hong Kong aggregated to HK$936 million (2012: HK$845 million), producing a gross profit of HK$745 million (2012: HK$673 million).
As at 31st December 2013, the Group’s completed investment property portfolio in Hong Kong had an aggregate GFA of 2.91 million square feet (2012: 2.91 million square feet).
For the year ended 31st December 2013, the Group’s consolidated turnover was HK$33,158.0 million (2012: HK$34,513.0 million); Group profit attributable to shareholders was HK$13,154.4 million (2012: HK$6,960.2 million).
The total employees of the Group is about 24,000.
The subject is fully supported by the Group.
On the whole, in view of the parentage of the subject, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.80.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.