MIRA INFORM REPORT
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Report No. : |
335490 |
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Report Date : |
07.08.2015 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG JK TOYS TRADING COMPANY LIMITED |
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Registered Office : |
Flat B07, 23/F, Hover Industrial Building, No. 26-38 Kwai Cheong Road,
N. T. |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.04.2008 |
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Com. Reg. No.: |
Hong Kong |
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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 DETAILED ACTIVITY BUT THE SAME IS NOT
AVAILABLE FROM ANY SOURCES] |
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No. of Employee : |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 12.5% of total system deposits in Hong Kong by the end of 2014. 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 47.3 million in 2014, 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 2014 mainland Chinese companies constituted about 50% of the firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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 4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic liberalization of trade in services in Guangdong Province under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from March 2015, cover a negative list and a most-favored treatment provision, and will improve access to the mainland's service sector for Hong Kong-based companies.
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Source
: CIA |
Contact
Points
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Company Name (in English): |
Hong Kong JK Toys Trading Company Limited |
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Supplied Name: |
HONGKONG JK TOYS TRADING CO LTD |
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Supplied Address: |
Special
Notes
We made
an on-site visit to the supplied address, however, the security guard prevented
us from entering the building. Thus, we cannot confirm whether the subject was locating
at the supplied address or not.
We contacted with
the subject through the supplied number +86-13433307979 which is a mobile
number in the mainland of China, a lady who answered the phone told us that she
didn’t know the subject and declined to introduce further information for us.
Update to date of
reporting, we failed to get in touch with subject. If you can supply a current
telephone, we’d like to have the investigation resumed.
We found subject’s
registration information as follows for reference.
Company
Identification Details
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Registered Name: |
|
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Registered
Address: |
Flat B07, 23/F, Hover Industrial Building, No. 26-38 Kwai Cheong Road,
N. T., Hong Kong |
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Date of
Registration: |
2008-4-29 |
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Registered Number: |
1232398 |
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Business
Registration No.: |
39234767 |
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Paid-up Capital: |
HKD 10,000 (USD
1,290) = 10,000 Shares@ HKD 1 (As of 2015.08, 1
HKD = 0.129 USD) |
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Legal Form: |
Private Limited
Liability Company |
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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: |
2015-4-29 |
Notes: Since we didn’t contact subject successfully, the principal activities
and staff number are not available from any sources.
History
Subject was incorporated
on 2008-4-29 with the registered number 1232398 as Private Limited Liability
Company in Hong Kong.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Wang Hui |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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Name: |
Wang Hui |
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Address: |
(Room 502, Block
B, In Front Of Hua Qiao Primary School), Group 1, Committee 3, Feng Jie Dao,
Chenghai District, Shan Tou City, Guangdong Province, China |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
|
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Name: |
Wang Hui |
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Address: |
(Room 502, Block
B, In Front Of Hua Qiao Primary School), Group 1, Committee 3, Feng Jie Dao,
Chenghai District, Shan Tou City, Guangdong Province, China |
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Position: |
Director |
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China ID Number: |
44058219871109459X |
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Legal Form: |
Private Limited
Liability Company |
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2 |
|
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Name: |
HK Dragon Flying
Int’L Invest Consultant Limited |
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Address: |
Flat B07, 23/F, hover
industrial building, no. 26-38 kwai cheong road, N. T., Hong Kong |
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Position: |
Corporate
Secretary |
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Registered Number: |
1126601 |
Operation
Information
Offices &
Factories
Since we cannot confirm the subject’s current address, we didn’t provide subject’s address at this stage.
Operation
Information
Since we failed to contact with the subject, the operation information is not available from any sources.
Settlements
Since we didn’t
contact subject successfully, the settlement information is not available from
any 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 didn’t
contact subject successfully, the financial information is not available from
any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is not available from any sources.
Public
Mortgage Record
No mortgage of
subject were 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
We made an on-site visit
to the supplied address, however, the security guard prevented us from entering
the building. Thus, we cannot confirm whether the subject was locating at the
supplied address or not.
We provide a take
photo for the appearance of the building.
HSH Mongkok Plaza,
794-802 Nathan Road, Mongkok, KLN, HongKong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
|
|
1 |
Rs.99.60 |
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Euro |
1 |
Rs.69.71 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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 |
-- |
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.