MIRA INFORM REPORT
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Report No. : |
316902 |
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Report Date : |
22.04.2015 |
IDENTIFICATION DETAILS
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Name : |
OSCAR GLOBAL |
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Registered Office : |
Rm. E, Block 5, 8F Harbour Green, 8 Sham Mong Rd., Tai Kok Tsui, KL |
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Country : |
Hong Kong
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Date of Incorporation : |
15.12.2005 |
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Com. Reg. No.: |
36288315 |
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Legal Form : |
Sole Proprietorship |
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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 |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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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 |
Contact Points
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Company Name: |
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Supplied Name: |
OSCAR GLOBAL |
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Supplied Address: |
Notes The exact name is as above.
Special Note
Since the supplied address is incomplete, we cannot obtain any relevant
information about subject based on the supplied address. And we have to make an
on-site visit to the registered address of subject.
We visited the registered address of subject, and found it belongs to
the residential area. There is no company name on the wall. And security guard
told us that there is no the subject on the address. But he prevented us from
taking photos in the building; we could just provide the external view for reference.
We cannot obtain any operation and contact information of the subject
from public files according to the supplied name and registered address.
We find subject’s registration information as follows for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
Rm. E, Block 5,
8F Harbour Green, 8 Sham Mong Rd., Tai Kok Tsui, KL, HK |
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Date of Registration: |
2005-12-15 |
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Business Registration No.: |
36288315 |
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Registered Capital: |
N/A |
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Legal Form: |
Sole Proprietorship |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
-- |
Notes: It is not required
registered capital for the company of Sole Proprietorship Company. Since we failed
to contact the subject, the principal activities and staff number are not
available from any sources.
History
Subject was incorporated on 2005-12-15 with the Business Registration
No. 36288315 as Sole Proprietorship Company in Hong Kong.
Owner
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Name: |
Agarwal Meena |
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Registered Address: |
13B Star Mansion Minden Row TST KL Hong Kong |
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Position: |
Owner |
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ID Number: |
M1038929 |
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Date of Appointment: |
2005-12-15 |
Corporate Structure
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Operation Information
Offices & Factories
We cannot confirm subject’s current trading address at this stage.
Operation Information
From public files, we cannot obtain any operation information of the
subject. Since we failed to get in touch with subject, the relevant information
is not available from any other sources.
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.
Since we failed to get in touch with subject, the relevant information
is not available from any sources.
Bankers
Since we failed to get in touch with subject, the bank information is
not available from any sources.
Public
Mortgage Record
No mortgage record of subject was found.
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: Rm. E, Block 5, 8F Harbour Green, 8 Sham Mong Rd., Tai Kok
Tsui, KL, HK
Harbour Green, 8 Sham Mong Rd., Tai Kok Tsui, KL, HK
Block 5, Harbour Green, 8 Sham Mong Rd., Tai Kok Tsui, KL, HK
Block 5, Harbour Green, 8 Sham Mong Rd., Tai Kok Tsui, KL, HK
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.92 |
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|
1 |
Rs.93.57 |
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Euro |
1 |
Rs.67.34 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
TPT |
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.