MIRA INFORM REPORT
|
Report No. : |
319294 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEAHANDER TRADING LIMITED |
|
|
|
|
Registered Office : |
20-21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
26.05.1989 |
|
|
|
|
Com. Reg. No.: |
12824446 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Textile Raw Materials. |
|
|
|
|
No. of Employees : |
About 20 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Exist |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 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.
|
Source
: CIA |
Contact
Points
|
Company Name (in English): |
Leahander Trading Limited |
|
Supplied Name: |
LEAHANDER TRADING LTD. |
|
Trading Address: |
20-21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T.,
Hong Kong |
|
Supplied Address: |
20-21/F LEAHANDER CENTRE, 28 WANG WO TSAI ST, TSUEN WAN, N.T. HONG
KONG |
Note: The exact name and
address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
20-21/F1., Leahander Centre, 28 Wang Wo
Tsai Street, Tsuen Wan, N.T., Hong Kong |
|
Telephone Number: |
+852-2600-2888 |
|
Fax Number: |
+852-2600-2777 |
|
Date of Registration: |
1989-5-26 |
|
Registered Number: |
253421 |
|
Business Registration No.: |
12824446 |
|
Paid-up Capital: |
HKD 16,000,000 (USD 2,064,000) = 16,000,000
Shares @ HKD 1 (As of 2015.04, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
65133--Cotton yarn (other than sewing thread), containing 85% or more by
weight of cotton, not for retail sale (kg) |
|
Principal Activities: |
Trading of textile raw materials |
|
Staff: |
About 20 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-26 |
Notes: The number of
staff is from public files, which is not confirmed by the subject.
History
Subject was incorporated on 1989-5-26 with the
registered number 253421 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Related Companies:
|
1 |
|
|
Name: |
Leahander (Zhuhai) Trading Limited |
|
Address: |
No. 903, No. 1 Building, No. 306, Jinji Rd.,
Qianshan, Zhuhai City, China |
|
Tel: |
+86-756-859-8806 |
|
Fax: |
+86-756-859-8871 |
|
2 |
|
|
Name: |
Zhongshan Da Chong Elastic Thread Factory
Limited |
|
Address: |
Leahander Industrial Estate, 8 Xing Hua Lu,
Da Chong, Zhongshan, Guangdong, China |
|
Tel: |
+86-760-8772-5691 |
|
Fax: |
+86-760-8772-6650 |
|
3 |
|
|
Name: |
Leaguer Textiles Limited |
|
Address: |
21/F1., Leahander Centre, 28 Wang Wo Tsai
Street, Tsuen Wan, N.T., Hong Kong. |
|
Tel: |
+852-2600-2888 |
|
Fax: |
+852-2600-2777 |
|
4 |
|
|
Name: |
Wexon Enterpises Limtied |
|
Address: |
17/F1., Leahander Centre, 28 Wang Wo Tsai Street,
Tsuen Wan, N.T., Hong Kong. |
|
Tel: |
+852-2439-4668 |
|
Fax: |
+852-2407-9268 |
|
5 |
|
|
Name: |
Leaseng Garment Manufactory Limited |
|
Address: |
Flat F-G, 7/F1, Fase 2, Edif. Ind. Nam Fung,
Rua dos Pescadores, Macau. |
|
Tel: |
+853-2871-9772 |
|
Fax: |
+853-2871-9149 |
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Wong Kwong Lau |
15,999,999 |
≈100% |
|
Yung Yuk Kuen |
1 |
≈0% |
|
Total |
16,000,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Wong Kwong Lau |
|
Address: |
Ground Floor, 8 Hereford Rd., Kowloon Tong,
Kowloon, HK |
|
2 |
|
|
Name: |
Yung Yuk Kuen |
|
Address: |
Ground Floor, 8 Hereford Rd., Kowloon Tong,
Kowloon, HK |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Yung Yuk Kuen & Secretary |
|
Address: |
Ground Floor, 8 Hereford Rd., Kowloon Tong,
Kowloon, HK |
|
Position: |
Director |
|
ID Number: |
E 631179(6) |
|
2 |
|
|
Name: |
Wong Kwong Lau |
|
Address: |
Ground Floor, 8 Hereford Rd., Kowloon Tong,
Kowloon, HK |
|
Position: |
Director |
|
ID Number: |
A 927592(7) |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
20-21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T.,
Hong Kong |
Premises
Information
Office address:
|
Address: |
21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T.,
Hong Kong |
|
Owners: |
Leahander Trading Limited |
|
Memorial Number: |
TW875774 |
|
Date of Instrument: |
1993-1-12 |
|
Date of Registration: |
1993-2-13 |
|
Consideration Value: |
HKD 51,880,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
TW1157449 |
|
Date of Instrument: |
1997-7-9 |
|
Date of Registration: |
1997-8-9 |
|
Nature: |
Assignment Of Rental |
|
In Favor of: |
The Hongkong And Shanghai Banking
Corporation Limited |
|
2 |
|
|
Memorial No.: |
TW1157448 |
|
Date of Instrument: |
1997-7-9 |
|
Date of Registration: |
1997-8-9 |
|
Nature: |
Mortgage To Secure General Banking
Facilities |
|
In Favor of: |
The Hongkong And Shanghai Banking
Corporation Limited |
|
3 |
|
|
Memorial No.: |
TW1045055 |
|
Date of Instrument: |
1996-2-10 |
|
Date of Registration: |
1996-3-9 |
|
Nature: |
Memorandum Of Designation Of Building Re
R.P. |
Production
Information
· Subject is engaged in trading of textile raw materials, etc. without any production activities.
· It is introduced that subject’s related company has factories in the Mainland of China for production.
Purchase
Information
· Subject’s purchases products both from the Mainland of China, Taiwan, Japan, Korea, Pakistan, India, etc.
Sales Information
· Subject is engaged in sale of textile raw materials, etc.
· The major products sold by the subject are cotton yarn, spandex yarn, nylon yarn, polyester yarn, conventional covered yarn, air covered yarn, synthetic fiber, etc.
· It is introduced that subject’s related company in the Mainland of China is engaged in sale of garments like pantyhose and underwear, etc.
· Subject’s sales regions include domestic market and abroad.
· Subject’s major customers are manufacturers of cloth, etc.
Trademark
|
Trade Mark No.: |
1998B05714 |
|
Status: |
Registered |
|
Mark: |
Charm Lady C L
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
LEAHANDER
TRADING LIMITED |
|
Owner's Address |
LUNG TIN INTERNATIONAL
PATENT & TRADEMARK AGENT LTD |
|
Class No.: |
|
|
Specification: |
|
|
Disclaimer / |
The
transliteration and translation of the Chinese characters appearing in the
mark are "Chin Kiu" meaning "a thousand, graceful". |
|
Date of
Registration: |
08-06-1996 |
|
Actual Date of |
11-06-1998 |
|
Expiry date: |
08-06-2023 |
|
Date of entry |
11-06-1998 |
|
Matters |
Registration |
Settlements
PURCHASE
Domestic Purchase
|
Products |
Textile raw materials, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Textile raw materials, etc. |
|
Payment Terms |
L/C, T/T, etc. |
SALES
Domestic Markets
|
Product |
Textile raw materials, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Textile raw materials, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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
|
Court Name |
Court No. |
Claimant/Applicant |
Answering/Respondent |
Nature |
Amount (HK$) |
|
|
2014-10-21 |
Magistrates' Courts |
ESMP1769 |
ESMP1769/2014 |
LEAHANDER TRADING LIMITED |
* |
|
|
2013-10-24 |
Magistrates' Courts |
ESMP1841 |
ESMP1841/2013 |
LEAHANDER TRADING LIMITED |
* |
|
|
2013-09-25 |
High Court Companies Winding-Up |
271 |
Leahander Trading Ltd |
Hong Kong Trade Services Co Ltd |
Winding Up Petition |
|
|
2013-09-25 |
High Court Companies Winding-Up |
271 |
Leahander Trading Ltd c/o |
Hong Kong Trade Services Co Ltd |
Winding Up Petition |
|
|
2013-08-30 |
High Court Miscellaneous Proceeding |
2180 |
Leahander Trading Ltd |
Hong Kong Trade Services Co Ltd |
* |
|
|
2012-11-13 |
Magistrates' Courts |
ESMP1754 |
ESMP1754/2012 |
LEAHANDER TRADING LIMITED |
* |
|
|
2011-11-08 |
Magistrates' Courts |
ESMP1380 |
ESMP1380/2011 |
LEAHANDER TRADING LIMITED |
* |
|
|
2010-12-11 |
District Court Civil Action |
4294 |
Leahander Trading Ltd |
Mohammad Sharif |
Contract |
(USD) |
|
2010-11-11 |
Magistrates' Courts |
ESMP1519 |
ESMP1519/2010 |
LEAHANDER TRADING LIMITED |
* |
|
|
2010-02-27 |
District Court Civil Action |
724 |
Leahander Trading Ltd |
Nordic Knits Int'l Ltd |
Good Sold & Delivered |
674,910.74 |
|
2009-11-03 |
Magistrates' Courts |
ESMP1612 |
ESMP1612/2009 |
LEAHANDER TRADING LIMITED |
* |
|
|
2008-11-13 |
Magistrates' Courts |
ESMP1493 |
ESMP1493/2008 |
LEAHANDER TRADING LIMITED |
* |
|
|
2007-09-27 |
Magistrates' Courts |
ESMP1558 |
ESMP1558/2007 |
LEAHANDER TRADING LIMITED |
* |
|
|
2007-08-07 |
Magistrates' Courts |
ESMP1617 |
ESMP1617/2006 |
LEAHANDER TRADING LIMITED |
* |
|
|
2007-03-15 |
Small Claim Tribunal |
003569/07 |
Leahander Trading Ltd |
Kwai Chuen Container Service Co. Ltd. |
Management Fee |
|
|
2007-01-31 |
Small Claim Tribunal |
071685/06 |
Leahander Trading Ltd |
Kwai Chuen Container Service Co., Ltd |
Rent And Rates |
|
|
2006-10-03 |
Magistrates' Courts |
ESMP1617 |
ESMP1617/2006 |
LEAHANDER TRADING LIMITED |
* |
|
|
2006-09-18 |
High Court Civil Action |
2058 |
Leahander Trading Ltd |
Wong Kam Wah |
Breach of Agreement |
|
Mortgage Record
|
Company Name: |
Leahander Trading Limited (“the Chargor) |
|
Instrument of Creating Mortgage: |
Charge over deposits/securities (3 parties) |
|
Date of Creating Mortgage: |
2011-10-25 |
|
Amount Secured: |
To secure owing all monies in any currency by
Jain Tai Textile limited to Hang Seng Bank Limited at any time, actually or
contingently, in any capacity, alone or jointly with any other person. |
|
Name of Mortgagee: |
Hang Seng Bank Limited |
|
Address of Mortgagee: |
83 Des Voeux Rd. Central, Hong Kong |
|
Description of Property Mortgaged: |
The Chargor charges by way of fixed charge
to the Bank all the right, title and interest of the Chargor in and to the
Charged assets. |
Special
Note
Interview Details
|
Name |
Ms. Liu |
|
Department: |
Sales Department |
Industry
Information
65133--Cotton yarn (other than sewing thread), containing 85% or more by
weight of cotton, not for retail sale (kg)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
99 |
31 |
99 |
31 |
|
|
Germany |
394 |
90 |
854 |
200 |
|
Spain |
472 |
56 |
7,184 |
505 |
|
Indonesia |
504,432 |
16,744 |
1,957,582 |
62,518 |
|
India |
2,617,530 |
69,485 |
17,928,596 |
464,346 |
|
Korea |
775,627 |
22,647 |
3,652,941 |
106,090 |
|
Pakistan |
3,530,537 |
82,429 |
19,116,208 |
447,021 |
|
Taiwan |
205,292 |
4,746 |
1,418,901 |
30,963 |
|
The Mainland of China |
12,374,779 |
399,414 |
68,323,843 |
2,245,376 |
|
Exports |
||||
|
Bangladesh |
464,832 |
16,592 |
2,783,725 |
106,326 |
|
Indonesia |
166,738 |
6,333 |
833,125 |
34,165 |
|
India |
16 |
2 |
5,146 |
395 |
|
Japan |
544 |
65 |
1,009 |
92 |
|
Cambodia |
306,377 |
12,853 |
1,326,098 |
61,037 |
|
Korea |
64,441 |
2,773 |
240,739 |
9,682 |
|
The Mainland of China |
18,313,402 |
582,535 |
106,443,729 |
3,351,046 |
External Trade
Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Address: 20-21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan,
N.T., Hong Kong
Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T., Hong Kong
21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T., Hong
Kong
21/F1., Leahander Centre, 28 Wang Wo Tsai Street, Tsuen Wan, N.T., Hong
Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.33 |
|
|
1 |
Rs.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.