MIRA INFORM REPORT
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Report No. : |
317620 |
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Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
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Name : |
B & L INTERNATIONAL INVESTMENT CO. LTD. |
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Registered Office : |
c/o Offshore Business Consultant (HK) Ltd. Unit (SH) 2, LG 1, Mirror Tower, 61 Mody Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong. |
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Date of Incorporation : |
08.12.2014 |
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Com. Reg. No.: |
64162321 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is a metal trader. It is trading in all kinds of ferrous and
non-ferrous metals. |
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No. of Employee : |
No employees in Hong Kong NOTE: It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New 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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Hong Kong. |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
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. As of year-end 2014, the Democracy
protests that began in late September probably will have some adverse effects
on economic growth, particularly retail sales.
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Source
: CIA |
Company
name
B & L INTERNATIONAL INVESTMENT CO. LTD.
ADDRESS:
Registered
Office:-
c/o Offshore Business Consultant (HK) Ltd.
Unit (SH) 2, LG 1, Mirror Tower, 61 Mody Road, Tsimshatsui, Kowloon,
Hong Kong.
Associated
Companies:-
B & L Metal (HK) Ltd. Shanghai Office, China.
B & L Metal (HK) Ltd., British Virgin Islands.
B & L Metal (HK) Ltd., Hong Kong.
[Dissolved]
BUSINESS
REGISTRATION NUMBER
64162321
COMPANY
FILE NUMBER
2178295
DATE
OF INCORPORATION
8th December, 2014.
ISSUED
SHARE CAPITAL
HK$10,000.00
SHAREHOLDERS
(As per registry dated 08-12-2014)
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Name |
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No. of shares |
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ZHANG Bo |
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6,000 |
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GUO Lujiao |
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4,000 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 08-12-2014)
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Name (Nationality) |
Address |
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GUO Lujiao |
Room 901, 4/F., No. 1600, Dongfang Road, Shanghai, China. |
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ZHANG Bo |
Room 401, No. 34, 883 Lane, Daning Road, Zhabei District, Shanghai,
China. |
SECRETARY
(As per registry dated 08-12-2014)
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Name |
Address |
Co. No. |
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SBS Nominee Ltd. |
Unit 802A, 8/F., Fortress Tower, 250 King’s Road, North Point, Hong
Kong. |
0809165 |
GENERAL
B & L International Investment Ltd. was incorporated on 8th
December, 2014 as a private limited liability company under the Hong Kong
Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Unit (SH) 2, LG 1, Mirror Tower, 61 Mody Road,
Tsimshatsui, Kowloon, Hong Kong’ known as Offshore Business Consultant (HK)
Ltd. which is handling its correspondences and documents. ‘SH’ is the file number of the subject in the
consultancy company.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued
10,000 ordinary shares of HK$1.00 each of which 60% are owned by Mr. zhang
Bo, and 40% by Mr. Guo Lujiao. Both are
China merchants.
Both are China ID holders and do not have the right to reside in Hong
Kong permanently. They are also
directors of the subject. Their
registered addresses are in Shanghai, China.
The subject is a metal trader. It
is trading in all kinds of ferrous and non-ferrous metals. Prime markets are China, the other Asian
countries, etc.
It has had the
following associated companies:
B&L Metal (HK) Ltd., British Virgin Islands.
B&L Metal (HK) Ltd. Shanghai Office, China.
B&L Metal (HK) Ltd., Hong Kong.
[Dissolved]
B&L Metal is also jointly owned by Mr. Zhang Bo and Mr. Guo
Lujiao. The third company was
incorporated on 18th April, 2007 but was dissolved by deregistration on 15th
May, 2009.
The businesses of the subject and B&L Metal are handled by the two
shareholders.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over four
months.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.35 |
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1 |
Rs.93.10 |
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Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.