MIRA INFORM REPORT
|
Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
LEADER DAY LIMITED |
|
|
|
|
Registered Office : |
20/F., China United Plaza, 1008 Tai Nan West Street, Cheung Sha Wan,
Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
11.09.1987 |
|
|
|
|
Com. Reg. No.: |
198427 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Fabrics. |
|
|
|
|
No of Employees : |
About 10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
Contact Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
LEADER DAY LIMITED |
|
Supplied Name: |
LEADER DAY LIMITED |
|
Trading Address: |
20/F., China United Plaza, 1008 Tai Nan West
Street, Cheung Sha Wan, Kowloon, Hong Kong |
|
Supplied Address: |
20TH FLOOR,CHINA UNITED PLAZA,1008 TAI NAN WEST STREET CHEUNG SHA
WAN,KOWLOON, HONG KONG |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
20/F., China United Plaza, 1008 Tai Nan
West Street, Cheung Sha Wan, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2786-9332 |
|
Fax Number: |
+852-2785-8269 |
|
Date of Registration: |
1987-9-11 |
|
Registered Number: |
198427 |
|
Business Registration No.: |
11304863 |
|
Paid-up Capital: |
HKD 100,000 (USD
12,900) = 100,000 Shares@ HKD 1 (As of 2014.11, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
65263--Other woven cotton fabrics, < 85%
by weight of cotton, mixed mainly with man-made fibers, denim, weighing >
200 g/sq m (kg) |
|
Principal Activities: |
Trading of fabrics, etc. |
|
Staff: |
About10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014—11 |
History
Subject was incorporated on 1987-9-11 with the
registered number 198427 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not introduce whether it has any
subsidiaries or branches; from other source we could not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Chiang Kwok Ching |
50,000 |
50% |
|
Law Mo Ching |
50,000 |
50% |
|
Total |
100,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Chiang Kwok Ching |
|
Address: |
House 16, Greenery Villas, 3 Ma Lok Path,
Shatin, N.T., Hong Kong |
|
2 |
|
|
Name: |
Law Mo Ching |
|
Address: |
House 16, Greenery Villas, 3 Ma Lok Path,
Shatin, N.T., Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Law Mo Ching |
|
Address: |
House 16, Greenery Villas, 3 Ma Lok Path,
Shatin, N.T., Hong Kong |
|
Position: |
Director |
|
ID Number: |
C422359(2) |
|
2 |
|
|
Name: |
Chiang Kwok Ching |
|
Address: |
House 16, Greenery Villas,
3 Ma Lok Path, Shatin, N.T., Hong Kong |
|
Position: |
Director & Secretary |
|
ID Number: |
E617395(4) |
Personnel
Structure
|
Total Employees |
Operation Information
Offices &
Factories
|
|
Office |
|
Address: |
20/F., China United Plaza, 1008 Tai Nan West Street, Cheung Sha Wan,
Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop 1 on 20th Floor, China
United Plaza, No.1008 Tai Nan West Street, Kowloon |
|
Owners: |
Leader Day Limited |
|
Memorial Number: |
UB7958640 Remarks: Exercise of power of sale in
mortgage m/n 7350364 |
|
Date of Instrument: |
1999-12-17 |
|
Date of Registration: |
2000-1-15 |
|
Consideration Value: |
HKD 5,450,000.00 (PT.) |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
11122801810053 |
|
Date of Instrument: |
2011-11-30 |
|
Date of Registration: |
2011-12-28 |
|
Nature: |
Mortgage |
|
In Favor of: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Consideration: |
All monies (PT.) |
|
2 |
|
|
Memorial No.: |
UB7916746 |
|
Date of Instrument: |
1999-11-12 |
|
Date of Registration: |
1999-11-19 |
|
Nature: |
Agreement for sale and purchase Remarks: See assignment m/n 7958640 |
|
In Favor of: |
Leader Day Limited |
|
Consideration: |
HKD 5,450,000.00 (PT.) |
|
3 |
|
|
Memorial No.: |
UB7621254 |
|
Date of Instrument: |
1998-11-4 |
|
Date of Registration: |
1998-12-1 |
|
Nature: |
A sealed copy of bankruptcy order with
attachment notice |
|
In Favor of: |
The Official Receiver & Receiver of the
Property of Chan Wing Heung "Receiver of the Property of Chan Wing
Heung" Chan Wing Heung "Bankrupt" |
Production
Information
Subject is a trader of fabrics, etc. without
any production activities.
Purchase
Information
Subject purchases products mainly in domestic
market and other Asian countries.
Sales Information
Subject is engaged in sale of fabrics
Subject’s major products are canvas, twill,
calico, corduroy, cambric, nylon
Subject’s sales regions include Asia, Europe
and America
Subject’s major type of customers is garment
manufacturer
Settlements
Purchase
Domestic Purchase
|
Products |
Fabrics |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Fabrics |
|
Payment Terms |
T/T |
Sales
Domestic Markets
|
Product |
Fabrics |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Fabrics |
|
Selling Terms |
L/C, T/T |
Financial Information
The subject has no
obligation to supply its financial statement to the third party according to the
relevant policy in Hong Kong and the only source from which we can obtain the
information is the subject itself.
Subject’s relevant staff rejected to disclose
the financial information, from other sources we could not obtain such
information, either.
Bankers
|
Name: |
The Hongkong and Shanghai Corporation |
Public
|
Date: |
2012-01-12 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
2 |
|
|
Date: |
2011-12-31 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
3 |
|
|
Date: |
2011-12-10 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
4 |
|
|
Date: |
2011-11-28 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
5 |
|
|
Date: |
2011-9-22 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
Goods Sold and Delivered |
|
6 |
|
|
Date: |
2011-7-30 |
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
024990/11 |
|
Claimant: |
Leader Day Ltd (SCTC024990/11) |
|
Defendant: |
Wing Tai Textiles Co. Ltd |
|
Reason: |
|
|
7 |
|
|
Date: |
2003-08-29 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
5086 |
|
Claimant: |
Leader Day Ltd 6/F China United Plaza, 1008 Nai Nan West St
Cheung Sha Wan Kln |
|
Defendant: |
Sze Ching Lai t/a Rising Int'l Trading Co Rm .1504, Wang Lung Ind'l Bldg 11 Lung Tak
St. Tsuen Wan NT |
|
Reason: |
Goods Sold and Delivered |
|
Amount (HKD): |
69,532.60 |
|
8 |
|
|
Date: |
2003-08-09 |
|
Court Name: |
High Court Civil Action |
|
Court No.: |
2955 |
|
Claimant: |
Leader Day Ltd |
|
Defendant: |
Maersk HK Ltd |
|
Reason: |
Breach of Contract |
Mortgage Record
|
1 |
|
|
Company Name: |
Leader Day Limited (the “Assignor”) |
|
Instrument of Creating Mortgage: |
Assignment of life insurance |
|
Date of Creating Mortgage: |
2012-8-13 |
|
Amount Secured: |
(i) All and any monies and liabilities in any
currency whenever and however incurred, owing by the Assignor to the Bank at any branch or office at any
time, whether separately or jointly with any other person, actually or
contingently, whether presently or in future in any capacity (whether as principal
or surety) including amounts payable by the Assignor under this Deed; (ii)
interest on such monies, to the date on which the Bank receives payment, at
the rates payable by the Assignor or which would have been payable but for any circumstance which restricts
payment and (iii) all monies paid by the Bank in respect of the Policy
pursuant to the terms of this Deed; and (iv) all expenses of the Bank in
perfecting or enforcing this Deed on a full indemnity basis. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Property Charged (i) all the Assignor’s claims, options, privileges,
right, title, interest and benefit in and under the Insurance; and (all the
Assignor’s claims and rights (whether on a restitutionary basis or otherwise)
against the issuer of the Policy (whether directly or indirectly) upon the
terms herein set out as a continuing security for the due and punctual
payment of the Secured Monies The Assignor will not, unless the Bank
otherwise agrees in writing, create or attempt or agree to create or permit
to arise or exist any charge, mortgage, pledge, lien or other security
interest or encumbrance whatsoever over all or any part of the Insurance or
any interest therein or otherwise assign, deal with or dispose of all or any
part of the Insurance (expect under or pursuant to this Deed). |
|
2 |
|
|
Company Name: |
Leader Day Limited |
|
Mortgage |
|
|
Date of Creating Mortgage: |
2011-11-30 |
|
Amount Secured: |
To secure all monies in respect of general banking facilities granted
or to be granted to Leader Day Limited
And Fly Dragon International Limited as the Borrower and interest thereon. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All Those 3 equal undivided 344th
parts or shares of and in All That piece or parcel of ground situate lying
and being at Tuen Mun, New Territories, Hong Kong and registered in the Land
Registry as Tuen Mun Town Lot No.139 (the “Land”) and of and in the messuages
erections and buildings thereon known as “Raton Industrial Building” at Kin
Wong Street, Tuen Mun, New Territories, Hong Kong (the “Building” ) Together
with the sole and exclusive right and privilege to hold use occupy and enjoy
all that Unit No.5 On The Eleventh Floor of the Building |
|
3 |
|
|
Company Name: |
|
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2011-11-30 |
|
Amount Secured: |
To secure all monies in respect of general
banking facilities granted or to be granted to Leader Day Limited And Fly Dragon
International Limited as the Borrower and interest thereon. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All Those 240 equal undivided 5,262nd
parts or shares of and in All Those pieces or parcels of ground respectively registered
in the Land Registry as Subsection 4 of Section A of Subsection 4 of Section
B of New Kowloon Inland Lot No.3516, Subsection 3 of Section A of Subsection
4 of Section B of New Kowloon Inland Lot No.3516, Subsection 2 of Section A
of Subsection 4 of Section B of New Kowloon Inland Lot No.3516 and Subsection
1 of Section A of Subsection 4 of Section B of New Kowloon Inland Lot No.3516
(“the Land”) and of and in the messuages erections and building thereon
Kowloon as China United Plaza, No.1008
Tai Nan West Street (formerly Known as No. 1002, 1004, 1006 and 1008 Tai Nan
West Street), Kowloon (“the Building“) together with the sole and exclusive
right and privilege to hold use occupy and enjoy All Those Workshops 1, 2, 3,
5, 6 and 7 on the 20th Floor of the Building. |
Special Note
Interview Details
|
Name |
Mr. Jiang |
|
Department: |
Sales Department |
Industry Information
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
The Mainland of China |
2,848,572 |
108,664 |
14,913,541 |
547,172 |
|
Spain |
-- |
-- |
94 |
17 |
|
Italy |
302 |
20 |
5,963 |
872 |
|
Japan |
6,529 |
1,174 |
23,804 |
3,737 |
|
Thailand |
-- |
-- |
216 |
21 |
|
Exports |
||||
|
Bengal |
2,522 |
151 |
25,670 |
1,716 |
|
The Mainland of China |
130,537 |
8,176 |
531,647 |
33,297 |
|
Germany |
3,184 |
286 |
3,184 |
286 |
|
Philippines |
34,158 |
1,808 |
105,063 |
5,672 |
|
Turkey |
35 |
4 |
11,184 |
1,155 |
|
USA |
64 |
9 |
64 |
9 |
External Trade
Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year %
change of Total exports |
Merchandise
trade balance |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
China United Plaza, 1008 Tai Nan West Street, Cheung Sha Wan, Kowloon,
Hong Kong
20/F., China United Plaza, 1008 Tai Nan West Street, Cheung Sha Wan,
Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
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.