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Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
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Name : |
GOLD COIN GROUP LTD. |
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Registered Office : |
Unit 1101, 11/F., CRE Building, 303 Hennessy Road, Wanchai, |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.09.2006 |
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Com. Reg. No.: |
37167794 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of animal feeds, aqua-feeds, protein concentrates and premixes, agricultural products |
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No. of Employees : |
10 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Hong Kong |
A2 |
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
|
Source
: CIA |
NOTE:
Your 12/F., Block B, Golden Mansion, 83-88A Chatham Road, Tsimshatsui, Kowloon, Hong Kong is in a private building which is not trespassed by outsiders.
GOLD COIN GROUP LTD.
ADDRESS: Unit 1101, 11/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.
PHONE: 852-2585 1200
FAX: 852-2598 7111
Managing Director: Mr. Cheung Chick Yiu Eddy
Incorporated on: 5th September, 2006.
Organization: Private Limited Company.
Capital: Nominal:HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 10. (Including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Office:-
c/o TMF Secretaries (HK) Ltd.
36/F., Tower Two, Tims Square, 1 Matheson Street, Causeway Bay, Hong Kong.
Operating Office:-
Unit 1101, 11/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.
Holding Company:-
Gold Coin Management Holdings Ltd., British Virgin Islands.
Associated
Companies:-
Gold Coin Group of Companies
Agri Nutrition Asia Pte. Ltd., Singapore.
American Feeds Co. Ltd., Vietnam.
APAC Commodities Pte. Ltd., Singapore.
Bintawa Fishmeal Factory Sdn. Bhd., Malaysia.
Comfez Ltd., Hong Kong.
Elite Shipping Ltd., Hong Kong. [Dissolved]
F.E. Zuellig (Malaysia) Sdn. Bhd., Malaysia.
F.E. Zuellig (Singapore) Pte. Ltd., Singapore.
GC Ta Kiong Sdn. Bhd., Malaysia.
GCHF Technologies Pte. Ltd., Singapore.
Gold Coin (Hong Kong) Ltd., Hong Kong.
Gold Coin (Malaysia) Bhd., Malaysia.
Gold Coin (Zhangzhou) Co. Ltd., China.
Gold Coin (Zhanjiang) Co. Ltd., China.
Gold Coin (Zhuhai) Co. Ltd., China.
Gold Coin Biotechnologies Sdn. Bhd., Malaysia.
Gold Coin DN (Laos) Co. Ltd., Laos.
Gold Coin Feedmill (China) Ltd., China. [Dissolved]
Gold Coin Feedmill (Dong Nai) Co. Ltd., Vietnam.
Gold Coin Feedmill (Dongguan) Co. Ltd., China.
Gold Coin Feedmill (Kunming) Co. Ltd., China.
Gold Coin Feedmill (Sabah) Sdn. Bhd., Malaysia.
Gold Coin Feedmills (Lanka) Ltd., Sri Lanka.
Gold Coin Feedmills (M) Sdn. Bhd., Malaysia.
Gold Coin Group Ltd., Hong Kong.
Gold Coin Holdings Sdn. Bhd., Malaysia.
Gold Coin Sarawak Sdn. Bhd., Malaysia.
Gold Coin Services Singapore Pte. Ltd., Singapore.
Gold Coin Singapore (1991) Pte. Ltd., Singapore.
Gold Coin Specialities (Thailand) Co. Ltd., Thailand.
Gold Coin Specialities Sdn. Bhd., Malaysia.
Gold Coin Specialties (Thailand) Co. Ltd., Thailand.
Interfeeds Philippines Inc., Philippines.
Interpacific (H.K.) Ltd., Hong Kong.
Island Livestock Pte. Ltd., Singapore.
KMP Feedmills Pte. Ltd., Singapore.
Myanmar Gold Coin International Co. Ltd., Malaysia.
P.T. Aquafarm Nusantara, Indonesia.
P.T. Gold Coin Indonesia, Indonesia.
P.T. Gold Coin Specialties Indonesia, Indonesia.
P.T. Gold Coin Specialties Medan, Indonesia.
PPES-Wang Emas Poultry Farms Sdn. Bhd., Malaysia.
Sabah Flour & Feed Mills Sdn. Bhd., Malaysia.
Sara Environ Holdings Sdn. Bhd., Malaysia.
Syaqua Siam Co. Ltd., Thailand.
The Zuellig Group Inc., Switzerland.
Wang Emas Poultry Farm Sdn. Bhd., Malaysia.
Zuellig (Brunei) Sdn. Bhd., Brunei.
Zuellig Pharma Pte. Ltd., Singapore.
Zuellig Produce Ltd., Thailand.
Zuellig Trading Sdn. Bhd., Brunei.
etc.
37167794
1071966
Managing Director: Mr. Cheung Chick Yiu Eddy
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER: (As per registry dated 05-09-2013)
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Name |
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No. of share |
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Gold Coin Management Holdings Ltd. Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. |
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1 = |
DIRECTORS: (As per registry dated 30-09-2013)
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Name (Nationality) |
Address |
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CHEUNG Chick Yu, Eddy |
Flat C, 25/F., Tower 5, Island Harbourview, Taikoktsui, Kowloon, Hong Kong. |
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Sivakumar POOKLUNGARA |
Unit 30-2, Mont Kiara Banyan Condominium, Jalan Kiara 1, 50480, Kuala Lumpur, Malaysia. |
SECRETARY: (As per registry dated 05-09-2013)
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Name |
Address |
Co. No. |
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TMF Secretaries (HK) Ltd. |
36/F., Tower, Two Times Square, 1 Matheson Street, Causeway Bay, Hong Kong. |
0099444 |
The subject was incorporated on 5th September, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of animal feeds, aqua-feeds, protein concentrates and premixes, agricultural products,
Employees: 10. (Including associates)
Commodities Imported: Imported from Southeast Asia, etc.
Markets: Europe, China, Southeast Asia and Australia.
Terms/Sales: L/C and T/T.
Terms/Buying: L/C or as per contracted.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
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.
Gold Coin Group Ltd. is a wholly-owned subsidiary of Gold Coin Management Holdings Ltd. [Gold Coin] which is a BVI-registered firm.
The subject is a member of the Gold Coin Group which is engaged in manufacturing of compound feeds, protein concentrates and premixes.
The subject is trading in all kinds of products produced by the Group, especially feedstuffs. Prime markets are Hong Kong, China and the other Asian countries.
The Gold Coin Group is one of Asia’s oldest feedstuff manufacturing group of companies. It is the pioneer in the production and distribution of scientifically balanced feeds and one of the largest agribusiness enterprises in Asia.
Its principal activities are:-
Manufacturing and marketing livestock and poultry feeds, aqua feeds, protein concentrates and premixes;
Manufacturing and marketing micro encapsulated additives and other specialty products; &
Trading in agricultural commodities.
Gold Coin has mills in Malaysia, Indonesia, China, Sri Lanka, Thailand and Laos. It also has had a branch office in India.
The Gold Coin Group consists of the following main members:-
Singapore
GCHF Technologies Pte. Ltd.
(Formerly known as Gold Coin Hatchery Feed Pte. Ltd.)
[Manufacturer and marketing of micro-encapsulated speciality products for feed and food industry]
Agri Nutrition Asia Pte. Ltd.
[Manufacturer of animal feed supplements and premixes]
KMP Feedmills Pte. Ltd.
(Formerly known as Gold Coin Singapore Pte. Ltd.)
[Manufacturer of animal feeds]
Gold Coin Services Singapore Pte. Ltd.
Gold Coin Singapore (1991) Pte. Ltd.
[Group management, consultancy services, manufacturers and trading of aqua and other speciality feeds]
Island Livestock Pte. Ltd. [Pig farming and breeding]
F.E. Zuellig (Singapore) Pte. Ltd. [Marketing and distribution]
Zuellig Pharma Pte. Ltd. [Pharmaceuticals trading]
Malaysia
Bintawa Fishmeal Factory Sdn. Bhd. [Manufacturer of fish meal]
F.E. Zuellig (Malaysia) Sdn. Bhd. [Marketing and distribution]
Gold Coin Specialities Sdn. Bhd.
Gold Coin (Malaysia) Bhd. [Manufacturer of feeds]
Gold Coin Sarawak sdn. Bhd. [Manufacturer of animal feeds]
Gold Coin Feedmills (M) Sdn. Bhd.
[Manufacturer of animal feedstuffs and other related products]
PPES-Wang Emas Poultry Farms Sdn. Bhd. [Poultry farming]
Wang Emas Poultry Farm Sdn. Bhd. [Poultry farming]
Sabah Flour & Feed Mills Sdn. Bhd.
[Manufacturer of wheat flour and feeds]
GC Ta Kiong Sdn. Bhd.
Gold Coin Biotechnologies Sdn. Bhd.
Sara Environ Holdings Sdn. Bhd.
Indonesia
P.T. Gold Coin Indonesia [Animal feed milling and poultry breeding]
P.T. Aquafarm Nusantara [Breeding and production of fish]
P.T. Gold Coin Specialties Medan
P.T. Gold Coin Specialties Indonesia
Brunei
Zuellig (Brunei) Sdn. Bhd. [Feedstuffs marketing and distribution]
Zuellig Trading Sdn. Bhd. [Feedstuffs marketing and distribution]
Hong Kong
Comfez Ltd. [Animal feedstuffs trading, the subject]
Gold Coin (Hong Kong) Ltd. [Investment holding]
Elite Shipping Ltd. [Dissolved]
China
Gold Coin (Zhangzhou) Co. Ltd.
[Chicken, duck and pig compound feed and concentrate manufacturing]
Thailand
Zuellig Produce Ltd. [Trading and exporting grains and related products]
Gold Coin Specialties (Thailand) Co. Ltd.
Philippines
Interfeeds Philippines Inc.
[Manufacturer of aqua and other speciality feed]
Sri Lanka
Gold Coin Feedmills (Lanka) Ltd.
Laos
Gold Coin Dn (Laos) Co. Ltd.
[Pig feeds, cattle feeds, broiler feed and concentrate trading]
India
Gold Coin Singapore (1991) Pte. Ltd.
Established in 1953, Gold Coin is one of Asia’s most successful animal feed manufacturing companies.
Gold Coin is today one of the largest privately owned agribusinesses in the Asia Pacific Region, employing 2,400 people throughout 22 production facilities, across 10 countries.
With a milling capacity of approximately 2.5 million tonnes per year, Gold Coin offers a wide range of products for both the Livestock and the Aqua industries, including young animals and hatchery feed, premixes, concentrates and compound feed.
Gold Coin is part of the Zuellig Group, an Asian multinational with over 12,000 employees in 20 countries. The privately owned Zuellig Group holds and manages long-term interests in market-leading companies, with a strategic focus on selected business areas: healthcare and pharmaceuticals, specialized distribution services, agribusiness, agricultural and materials handling equipment, industrial supplies and solutions, insurance, and property.
On the whole, in view of the background, parentage and lines of business of the subject, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.86 |
|
|
1 |
Rs.103.52 |
|
Euro |
1 |
Rs.85.31 |
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 |
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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.