|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
LINK SINO INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
Unit 01-02, 19/F., Metro Centre, 32 Lam Hing Street,
Kowloon, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
16.11.2001 |
|
|
|
|
Com. Reg. No.: |
32282145 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Subject is a paper trader |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dissolved by Deregistration |
|
Payment Behaviour : |
-- |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
LINK SINO INTERNATIONAL
LTD.
Registered Office:-
Unit 01-02, 19/F., Metro Centre, 32 Lam Hing Street, Kowloon, Hong Kong.
Holding Company:-
Hop Cheong Paper Co. Ltd., Hong Kong. (Same address)
Associated/Affiliated
Companies:-
Aminated Glory International Holdings Ltd., Hong Kong. [Dissolved]
Gainwood International Ltd., Hong Kong.
Hop Cheong International Trading (Shenzhen) Co. Ltd., China.
Hop Cheong Stationery
& Paper Co.
G/F., 13 Larch Street, Kowloon, Hong Kong.
San Cheong Investment Ltd., Hong Kong.
Shing Cheong Hong
G/F., 34-38 Bonham Strand East, Hong Kong.
[Dealer of paper from China]
Shing Cheong Investment Ltd., U.S.A.
Shing Cheong Paper Merchants Ltd., Hong Kong. (See attachment)
Shing Kut Cheong Investment Ltd., Hong Kong.
Shing Yip Metal Merchants Ltd., Hong Kong.
Union Traders (China) Co. Ltd., Hong Kong.
32282145
0776344
16th November, 2001.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDERS: (As per registry dated 16-11-2008)
|
Name |
|
No. of shares |
|
AU YEUNG Po Chee |
|
24 |
|
Hop Cheong Paper Co. Ltd., Hong Kong. |
|
76 |
|
|
|
––– |
|
|
Total: |
100 === |
DIRECTORS: (As per registry dated 16-11-2008)
|
Name (Nationality) |
Address |
|
HO Tai Kwan |
Flat D, 3/F., Tower 3, Parc Regal, 19 Homantin Hill Road, Kowloon, Hong Kong. |
|
MAK Yun Kwong, Eric |
Room C, 27/F., Flourish Court, 30 Conduit Road, Hong Kong. |
|
AU YEUNG Po Chee |
Room A, 7/F., Block 29, Laguna City, Cha Kwo Ling, Kowloon, Hong Kong. |
SECRETARY: HO Tai Kwan
(As per registry dated 16-11-2008)
The subject was incorporated on 16th November, 2001 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 02, 21/F., Workingfield Commercial Building, 408-412 Jaffe Road, Hong Kong and moved to Unit 01-02, 19/F., Metro Centre, 32 Lam Hing Street, Kowloon, Hong Kong in June 2008.
It was dissolved by deregistration on 21st August 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
Please be advised that Link Sino International Ltd. was a private limited company which was formally deregistered on 21st August, 2009, the date of the publication of Gazette Notice No. 5180. The subject was accordingly dissolved by deregistration.
Before deregistration, the subject was located at Unit 01-02, 19/F., Metro Centre, 32 Lam Hing Street, Kowloon, Hong Kong.
According to the Companies Registry of Hong Kong, the subject had issued 100 ordinary shares of HK$1.00 each which were jointly owned by Mr. Au Yeung Po Chee, holding 24% interests; Hop Cheong Paper Co. Ltd.[ Hop Cheong], a Hong Kong-registered company, holding 76%.
Hop Cheong still exists and is located at Unit 01-02, 19/F., Metro Centre, 32 Lam Hing Street, Kowloon, Hong Kong.
The directors of the subject were Mr. Ho Tai Kwan, Mr. Mak Yun Kwong, Eric and Mr. Au Yeung Po Chee. Ho Tai Kwan, Mr. Mak Yun Kwong are also directors of Hop Cheong.
Incorporated on 6th May, 1986, Hop Cheong is one of the leading paper merchants in Hong Kong. It is a paper wholesaler operated by a group of experienced merchants. Hop Cheong mainly imports papers and boards, printing or writing paper, and paper for packaging from Japan, South Korea, Taiwan, Sweden, Brazil, etc. Prime markets are Hong Kong, China and the other Asian countries. Regular suppliers and customers have been maintained.
The subject was also a paper trader.
The subject was formally dissolved by deregistration on 21st August, 2009. Its history in Hong Kong was over twelve years.
Since the subject has been dissolved by deregistration, on the whole, consider it not suitable for any business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.04 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.