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Report No. : |
315668 |
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Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL TECHNOLOGY AND TRADE CO., LIMITED |
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|
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Registered Office : |
15B-1, 15/F Cheuk Nang Plaza 250 Hennessy Road |
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Country : |
Hong Kong
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Date of Incorporation : |
26.02.2007 |
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Com. Reg. No.: |
1111877 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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 |
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Status : |
Offshore Company |
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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) |
|
Hong Kong |
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 |
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 |
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Company Name (in Chinese): |
香港科技貿易(國際)有限公司 |
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Company Name (in English): |
GLOBAL TECHNOLOGY AND TRADE CO., LIMITED |
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Supplied Name: |
GLOBAL TECHNOLOGY AND TRADE CO LTD. |
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Trading Address: |
香港灣仔軒尼詩道250號卓能廣場15樓15B-1 |
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Supplied Address: |
RM 15/B, 15/F, Cheuk Nang Plaza, 250 Hennessy Road |
We can not find any operation
information of subject through public files, and subject’s
registered address is that of subject’s secretary corporate, based on subject’s
registered files and our investigation, we consider subject as an offshore
company.
We found that
subject’s business entity is in Shenzhen, the mainland of China.
|
Address: |
Room P-Q, 7F, Gangwan Creative Mansion, Houhai Road, Nanshan District,
Shenzhen, China |
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Tel: |
+86-755-26892538 |
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Fax: |
+86-755-26892538-811 |
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E-mail: |
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Description: |
The subject is mainly engaged in trading of biofuel and etc. Subject imports its products from Indonesia, Malaysia and etc. Subject’s major products are Palm Kernel Shell (PKS) and etc. Subject’s selling territory is mainly in China and etc. Subject’s major customers are energy industry and etc. |
|
Person to contact: |
Ms. Cai |
We found subject’s
registered files from local registry, supplying as following for reference.
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Registered Name: |
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Registered Address: |
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Date of Registration: |
2007-2-26 |
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Registered Number: |
1111877 |
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Business Registration No.: |
37665904 |
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Paid-up Capital: |
HKD 1,000,000 (USD 129,000) = 1,000,000
Shares@ HKD 1 (As of 2015.04, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2015-2-26 |
Subject was incorporated on 2007-2-26 with the
registered number 1111877 as Private Limited Liability Company in Hong Kong.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Zheng Xiao |
1,000,000 |
100% |
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Total |
1,000,000 |
100% |
Major Shareholder Information:
|
Name: |
Zheng Xiao |
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Address: |
Room P-Q, 7F, Gangwan Creative Mansion,
Houhai Road, Nanshan District, Shenzhen, China |
Core Management
Detailed Information of Directors:
|
1 |
|
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Name: |
Zheng Xiao |
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Address: |
Room P-Q, 7F, Gangwan Creative Mansion,
Houhai Road, Nanshan District, Shenzhen, China |
|
Position: |
Director |
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ID Number: |
110108196902025450 |
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2 |
|
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Name: |
Hong Kong Galactic Business Consultanting
Co., Limited |
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Address: |
15B-1, 15/F Cheuk Nang Plaza 250 Hennessy
Road, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1544764 |
Subject does not have business entity in Hong
Kong.
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 does not have business entity in Hong
Kong, thus we can not obtain the relevant information.
Mortgage Record
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Company Name: |
Global Technology And Trade Co., Limited |
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Instrument of Creating Mortgage: |
SECURITY OVER DEPOSITS WITH THE BANK (FIXED
DEPOSITS) LIMITED COMPANY - UNDER SEAL |
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Date of Creating Mortgage: |
2011-11-3 |
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Amount Secured: |
Amount secured - (i) all monies in any
currency owing by the Depositor to the chargee at any time, actually or
contingently, in any capacity, alone or jointly with any other person, (ii)
interest on such monies (both before and after any demand or judgment)，to the date on which the chargee receives payment，at the rates payable by the Depositor or which would have been payable
but for any circumstance which restricts payment and (iii) all expenses of
the chargee in perfecting or enforcing the charge and recovering any
indebtedness of the Depositor. |
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Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
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Address of Mortgagee: |
No. 1 Queen’s Road Central, Hong Kong |
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Description of Property Mortgaged: |
One or more time deposit(s) of any nature of
duration of the Company with the chargee in the amount of USD 6,420.- deposit
A/C 817-091077 DEP#0001 and includes (i) all monies in any currency now or at
any time after the date of the charge standing to the credit of each of such
deposit(s); (ii) any other deposit(s) or amount(s) resulting or derived from
any division, consolidation, conversion or exchange of each of such
deposit(s) from time to time; (iii) any addition to or renewal, replacement,
substitution or re-designation of each of the deposit(s) or amounts(s) in (i)
or (ii) above from time to time; and (iv) all interest on each of the above
deposit(s) or amount(s) from time to time‘ |
Up to now, no present or latent litigation of
the subject has been found.
|
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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.92.53 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
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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.