MIRA INFORM REPORT

Report Date :

29.11.2014

IDENTIFICATION DETAILS

Name :	INTER-PACIFIC ENTERPRISE LTD.

Registered Office :	Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon

Country :	Hong Kong

Date of Incorporation :	08.01.1997

Com. Reg. No.:	20699473

Legal Form :	Private Limited Liability Company

Line of Business :	Not Available (We tried to confirm / obtain the detailed activity but the same is not available from any sources.)

No of Employees :	Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.]

RATING & COMMENTS

MIRA’s Rating :

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)

Hong Kong

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

Company name

INTER-PACIFIC ENTERPRISE LTD.

Company ADDRESS

Registered Office:-

Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

BUSINESS REGISTRATION NUMBER

20699473

COMPANY FILE NUMBER

0586655

DATE OF INCORPORATION

8th January, 1997.

CAPITAL

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

Issued Share Capital: HK$2.00

SHAREHOLDERS

(As per registry dated 08-01-2000)

Name		No. of shares
LAM Kwok Choi		1
LAM Kwok Wing		1
		–
	Total:	2 =

DIRECTORS

(As per registry dated 08-01-2000)

Name (Nationality)	Address
LAM Kwok Choi	Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.
LAM Kwok Wing	Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

Name

(Nationality)

Address

LAM Kwok Choi

Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

LAM Kwok Wing

Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

SECRETARY

LAM Kwok Choi (As per registry dated 08-01-2000)

GENERAL

Please be advised that there is no such a company known as Interpacific Enterprises Ltd. registered with the Companies Registry of Hong Kong.

Your given address Unit E, 11/F., Tower B, Billion Centre 1, Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong belongs to a of a commercial service provider Eriss Corporate Services Ltd. We cannot get any information from this secretarial company.

However, there was a company known as Inter-Pacific Enterprise Ltd. [note the hyphen between the words Inter and Pacific, and the word Enterprise has no ‘s’, it is referred to Inter-Pacific Enterprise] registered with the Companies Registry of Hong Kong.

Inter-Pacific Enterprise was incorporated on 8th January, 1997 as a private limited liability company under the Hong Kong Companies Ordinance. This company was dissolved by striking off on 14th January, 2005.

It was formally struck off on 14th January, 2005, the date of the publication of Gazette Notice No. 165. Inter-Pacific Enterprise was accordingly dissolved by striking off as from the date of the publication of the notice.

Before striking off, Inter-Pacific Enterprise was located at Room 920, 9/F., New Tech Plaza, 34 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

Inter-Pacific Enterprise had issued just two ordinary shares of HK$1.00 each which were equally owned by Mr. Lam Kwok Choi and Mr. Lam Kwok Wing. Both were Hong Kong merchants. They were also directors of Inter-Pacific Enterprise.

The business lines of Inter-Pacific Enterprise were unknown since it has been dissolved for about ten years.

Since Inter-Pacific Enterprise has been dissolved by deregistration, consider it not suitable for any business engagements.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.97
UK Pound	1	Rs.97.37
Euro	1	Rs.77.16

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	MNL

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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