|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEIJING LUCKYSTAR (HONGKONG) CO. LTD. |
|
|
|
|
Registered Office : |
c/o SBC Corporate
Services Ltd. Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui,
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
12.04.2010 |
|
|
|
|
Com. Reg. No.: |
52069232 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trader of aromatic organic components and chemicals |
|
|
|
|
No of Employees : |
No Employees in Hong Kong [It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there.] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Operating Office In Hong Kong |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 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 |
BEIJING LUCKYSTAR
(HONGKONG) CO. LTD.
Registered Office:-
c/o SBC Corporate Services Ltd.
Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui,
Kowloon, Hong Kong.
Beijing Portfortune Industrial Ltd.
2/F., International Conference Centre, 8 Beichen East Road, Chaoyang
District, Beijing, China.
Portfortune Industrial Ltd., Hong Kong.
[Dissolved]
52069232
1441514
12th April, 2010.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 12-04-2013)
|
Name |
|
No. of shares |
|
TIAN Ke Xin |
|
10,000 ===== |
(As per registry dated 12-04-2013)
|
Name (Nationality) |
Address |
|
TIAN Ke Xin |
Room 18E, Block F, Hua Ting Jia Yuan, No. 6, North Four Middle Road,
Chao Yang District, Beijing, China. |
(As per registry dated 12-04-2013)
|
Name |
Address |
Co. No. |
|
SBC Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road,
Kowloon Bay, Kowloon, Hong Kong. |
0618863 |
Beijing Luckystar (Hongkong) Co. Ltd. was incorporated on 12th April, 2010
as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of PF Industrial
Ltd., name changed to the present style on 29th July, 2010.
Having issued 10,000 ordinary shares of HK$1.00 each, the subject is
wholly‑owned by Mr. Tian Ke Xin who is a China merchant. Tian, who cannot be reached, is also the only
director of the subject and holding a China ID card. Currently, he is residing in Beijing, China.
The subject does not have its own office. Its registered office is in a commercial
service firm located at Unit 503, 5/F., Silvercord Tower 2, 30 Canton
Road, Tsimshatsui, Kowloon, Hong Kong known as SBC Corporate Services Ltd.
[SCS] (Tsimshatsui Branch) which is handling its correspondences and
documents. SCS has had a number of
offices in Hong Kong.
In Hong Kong, the subject has no employee.
We can reach nobody at your given Hong Kong number 852-3011 9783 as it
is a fax line.
The subject has an associated companies known as Beijing Portfortune
Industrial Ltd. [BPI] which is in Beijing, China. This firm is operated by Tian. BPI is trading in aromatic organic compounds,
chemicals, etc. Two of its significant
products are 3, 5 Lutidine, 2, 6 Lutidine, etc.
Its products are marketed in China, exported to Japan, India, Southeast
Asia, Europe, other Spanish-spoken countries, etc.
The Beijing firm deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. The Beijing firm also
exports commodities to foreign markets under the name of the subject and its
registered address in Hong Kong.
The subject has had a significant customers in Mumbai, India known as Cipla
Ltd.
The subject also had another associated company Portfortune Industrial
Ltd. [PI] in Hong Kong. But PI has been
dissolved by deregistration since 23rd March, 2012. The registered address of PI was also in the
office of SCS in Hong Kong.
The subject and BPI are engaged in the same lines of business. BPI has had a number of affiliated chemical
suppliers in China.
The subject has been banking with Standard Chartered Bank (Hong Kong)
Ltd. (formerly known as Standard Chartered Bank), it was reported.
The subject’s business in Hong Kong is not very active. History is just over three years and ten
months.
On the whole, since the subject does not have its own office and has no
employee in Hong Kong, consider it good for business engagements on L/C basis.
NOTE :
It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the companies
are not required to have any employees in Hong Kong nor do have an office there.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.77 |
|
|
1 |
Rs. 99.01 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.