MIRA
INFORM REPORT
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Report No. : |
308836 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENNEFORD INDUSTRIAL LIMITED |
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|
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Registered Office : |
8/F, Austin Commercial Centre, |
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Country : |
Hongkong |
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Date of Incorporation : |
23.09.1988 |
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Com. Reg. No.: |
12629688 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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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 : |
Moderate |
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|
|
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 |
Contact Points
|
Company Name (in English): |
Enneford Industrial Limited |
|
Supplied Name: |
ENNFORD INDUSTRIAL LIMITED |
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Trading Address: |
8F, Austin Commercial Centre, No. 4 Austin Avenue, Tsimshatsui,
Kowloon, Hong Kong |
|
Supplied Address: |
8TH FLOOR AUSTIN COMMERCIAL CENTRE NO:4 AUSTIN AVENUE KLN HONG KONG |
Note: The exact name is
as above.
Special Note
We visited the supplied address, and found the
subject is located at it. But the relevant staff declined to disclose any
information about the subject.
We tried to contact the subject through the
supplied number +852-2311-4881 several times, but no one answered it.
From public files, we found subject is engaged
in trading of footwear, etc. but which is not confirmed by the subject.
Update to date of reporting, we failed to get
the operation information of subject. If you can supply further information
such as current telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
8/F, Austin
Commercial Centre, No.4 Austin Avenue, Tsimshatsui, Kowloon, Hong Kong |
|
Date of Registration: |
1988-09-23 |
|
Registered Number: |
227776 |
|
Business Registration No.: |
12629688 |
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Paid-up Capital: |
HKD 4,602,000 (USD 593,658) = 4,602,000
Shares@ HKD 1 (As of 2015.04, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-09-23 |
Notes: Subject declined
to disclose the principal activities and number of staff, and from other source
we cannot obtain the information, either.
History
Subject was incorporated on 1988-09-23 with
the registered number 227776 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any subsidiaries or
branches; from other source we could not obtain the relevant information,
either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Liu Hsu |
2,028,000 |
44% |
|
Liu I Chih |
1,326,000 |
29% |
|
Huang Yung Hsi |
1,170,000 |
25% |
|
Liu Li |
78,000 |
2% |
|
Total |
4,602,000 |
100% |
Major Shareholders’ Information:
|
1 |
|
|
Name: |
Liu Hsu |
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Address: |
5/F, No.40, Alley 119, Lane 103, Section 2,
Nei Wu Road, Nei Wu District, Taipei, Taiwan. |
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2 |
|
|
Name: |
Liu I Chih |
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Address: |
Flat B, 1/F, Block 3, Carman’s Garden, 9 Cox’s
Road, Kowloon, Hong Kong. |
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3 |
|
|
Name: |
Huang Yung Hsi |
|
Address: |
1/F, No.11 Yu Shen Street, Shi Lin, Taipei,
Taiwan |
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4 |
|
|
Name: |
Liu Li |
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Address: |
Room 702, 17-1 Shui Yin Road, Guangdong,
China |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Liu Hsu |
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Address: |
5/F, No.40, Alley 119, Lane 103, Section 2,
Nei Wu Road, Nei Wu District, Taipei, Taiwan. |
|
Position: |
Director |
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Passport Number: |
302600130 |
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Issuing Country: |
Taiwan |
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2 |
|
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Name: |
Liu I Chih |
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Address: |
Flat B, 1/F, Block 3, Carman’s Garden, 9
Cox’s Road, Kowloon, Hong Kong. |
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Position: |
Director |
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ID Number: |
P035346(2) |
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3 |
|
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Name: |
Huang Yung Hsi |
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Address: |
1/F, No.11 Yu Shen Street, Shi Lin, Taipei,
Taiwan |
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Position: |
Director |
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Passport Number: |
301824177 |
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Issuing Country: |
Taiwan |
|
4 |
|
|
Name: |
Mandas Consultants Limited |
|
Address |
Room 1003, 10/F, Boss Commercial Centre, No.28
Ferry Street, Kowloon, Hong Kong |
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Position: |
Company Secretary |
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Registered Number |
345417 |
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E-mail |
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Operation Information
Offices & Factories
|
|
Office |
|
Address: |
8F, Austin Commercial Centre, No. 4 Austin Avenue, Tsimshatsui,
Kowloon, Hong Kong |
Premises
Information
Office address:
|
1 |
|
|
Address: |
8th Floor, Austin Commercial Centre, No.4 Austin
Avenue, Kowloon, Hong Kong |
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Owners: |
Firm Glory Realty Limited |
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Memorial Number: |
UB7195884 |
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Date of Instrument: |
1997-06-25 |
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Date of Registration: |
1997-08-05 |
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Consideration Value: |
HKD 4,700,000.00 |
History of Premises
Owners’
|
1 |
|
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Memorial No.: |
UB7195885 |
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Date of Instrument: |
1997-06-25 |
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Date of Registration: |
1997-08-05 |
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Nature: |
Legal Charge To Secure General Banking
Facilities |
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In Favor of: |
Shanghai Commercial Bank Limited |
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Consideration: |
-- |
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2 |
|
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Memorial No.: |
UB7143144 |
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Date of Instrument: |
1997-06-11 |
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Date of Registration: |
1997-07-05 |
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Nature: |
Agreement For Sale And Purchase By Bank Of
Communications |
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In Favor of: |
Firm Glory Realty Limited |
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Consideration: |
HKD 4,700,000.00 |
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3 |
|
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Memorial No.: |
UB6517972 |
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Date of Instrument: |
1996-01-22 |
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Date of Registration: |
1996-02-01 |
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Nature: |
Agreement to Surrender with Plans Re Kil
10511 S.A & Kil 10487 S.A |
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In Favor of: |
Director Of Lands |
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Consideration: |
-- |
Operation
Information
From public files we found subject is engaged
in trading of footwear, etc. but since the subject declined to disclose the operation
information, the information above is not confirmed by the subject.
Settlements
Subject declined to disclose the detail
information of settlements, and from other source we cannot obtain the
information, either.
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
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
|
Company Name: |
Enneford Industrial Limited |
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Instrument of Creating Mortgage: |
Charge of receivables (“the charge”) |
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Date of Creating Mortgage: |
2001-05-30 |
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Amount Secured: |
All moneys, obligations and liabilities, whether
actual or contingent, which are now or may at any time hereafter be or become
due, owing or become liable to the Lender under the Charge, together with
interest payable by the Borrower to
the date of full payment to the Lender and all other moneys, obligations or
liabilities hereby covenanted to be paid, performed or discharged by the
Borrower under, and all costs and expenses incurred by the Lender in relation
to the Borrower, the preparation, execution, delivery, stamping, registration
or enforcement of, or preservation of rights under, this Charge, including
all legal costs of the Lender(on solicitor and own client basis) in so far as
the same falls within the definition of “Secured Indebtedness”. |
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Name of Mortgagee: |
Shanghai Commercial Bank Limited |
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Address of Mortgagee: |
No.12 Queen’s Road Central, Hong Kong (“the
Lender”) |
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Description of Property Mortgaged: |
By way of first fixed charge, all the
Receivables; By way of first fixed charge, all credit balance
from time to time in the account. By way of first floating charge, the
property, assets and rights described in sub-paragraphs (i) and (ii) above,
if and in so far as, the security created thereupon shall, for any reason, be
declared to be invalid, unenforceable or ineffective as first fixed charges
under any applicable law for any reason. |
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
Address: 8/F, Austin Commercial Centre, No.4
Austin Avenue, Tsimshatsui, Kowloon, Hong Kong
Austin Commercial Centre, No.4 Austin Avenue,
Tsimshatsui, Kowloon, Hong Kong
8/F, Austin Commercial Centre, No.4 Austin Avenue,
Tsimshatsui, Kowloon, Hong Kong
8/F, Austin Commercial Centre, No.4 Austin
Avenue, Tsimshatsui, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
-- |
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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.