MIRA INFORM REPORT

 

 

Report Date :

11.11.2014

 

IDENTIFICATION DETAILS

 

Name :

PROSPER TRADE LTD.

 

 

Registered Office :

Room 2616, 26/F., Tuen Mun Parklane Square, 2 Tuen Hi Road, Tuen Mun, New Territories

 

 

Country :

Hongkong

 

 

Date of Incorporation :

02.02.2004

 

 

Com. Reg. No.:

34586757

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Not Available

 

(NOTE: We tried to confirm obtain the details activity but the same is not available from any source.)

 

 

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 

 

 

Payment Behaviour :

--

 

 

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Hongkong

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

HONGKONG - 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

 

The company is not located at your

“c/o Topworld Registration Ltd.

7/F., Kin On Commercial Building, 49-51 Jervois Street, Sheung Wan, Hong Kong.”  It is the registered address of a commercial service provider.

 

 

Company Name

 

PROSPER  TRADE  LTD.

 

 

ADDRESS

 

Registered Office:-

Room 2616, 26/F., Tuen Mun Parklane Square, 2 Tuen Hi Road, Tuen Mun, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

34586757

 

 

COMPANY FILE NUMBER

 

0881351

 

 

DATE OF INCORPORATION

 

2nd February, 2004.

 

 

CAPITAL

 

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 02-02-2007)

 

Name

 

No. of shares

LUO Jin Bao

 

5,000

FU Shu Ying

 

5,000

 

 

–––––

 

Total:

10,000

=====

 

 

DIRECTORS

(As per registry dated 02-02-2007)

 

Name

(Nationality)

 

Address

LUO Jin Bao

Government Accommodations, Houze Town, Yiwu City, Zhejiang Province, China.

 

FU Shu Ying

Lou Village, Yibei Village, Dongtang Town, Yiwu City, Zhejiang Province, China.

 

 

SECRETARY

(As per registry dated 02-02-2007)

 

Name

Address

Co. No.

VMC Secretaries Ltd.
[Resigned on 28-11-2007]

Room 1617-1618, 16/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

0750831

 

 

GENERAL

 

Please be advised that Prosper Trade Ltd. was a private limited company which has been dissolved by striking off from the Hong Kong Companies Registry.  It was formally struck off on 31st December, 2009, the date of the publication of Gazette Notice No. 8148.  The subject was accordingly dissolved by striking off as from the date of the publication of the notice.

The subject was incorporated on 2nd February, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.

Having issued 10,000 ordinary shares of HK$1.00 each, the subject was equally owned by two China merchants, namely, Mr. Luo Jin Bao and Ms. Fu Shu Ying.  Both were also directors of the subject and residing in Yiwu City, Zhejiang Province, China.

Before dissolved by striking off, the subject was located at Room 2616, 26/F., Tuen Mun Parklane Square, 2 Tuen Hi Road, Tuen Mun, New Territories, Hong Kong.

The subject’s lines of business were unknown.  It was formally dissolved by striking off on 31st December, 2009.

Since the subject has been dissolved by striking off, on the whole, consider it not suitable for any business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.52

UK Pound

1

Rs.97.39

Euro

1

Rs.76.16

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.