|
Report No. : |
336233 |
|
Report Date : |
14.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GODSELECT EXPORTS LIMITED |
|
|
|
|
Registered Office : |
Unit G, 1F, Mau Lam Comm. Bldg., 16-18 Mau Lam St., Jordan, Kowloon |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
05.11.2014 |
|
|
|
|
Com. Reg. No.: |
2164641 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
NOT
AVAILABLE [NOTE:
WE TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT
AVAILABLE FROM ANY SOURCES] |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
|
Company Name: |
GODSELECT EXPORTS LIMITED |
|
Supplied Name: |
GODSELECT EXPORTS LIMITED |
|
Supplied Address: |
UNIT-G 1/F MAULAM COMM. BUILDI 16-18 MAULAM STREET JORDON KOWLOON HONG
KONG |
We cannot find subject’s any operation information or valid contact information
in Hong Kong through public files according to supplied name.
According to the supplied address, which is also subject’s registered
address, and we found a telephone number +852-2312-0148 from public files. We
tried to contact the subject through the number, and a lady answered the phone
said her company name is Buttar Secretarial Services Limited, which is
subject’s corporate secretary. The lady confirmed the supplied address belongs
to her company and introduced that the subject is one customer of her company.
But she declined to disclose any other information of the subject.
We tried to contact the subject through the supplied telephone number
0086 760 7296910, but it cannot be through.
Based on subject’s registered files and our investigation, we suspect
subject as an offshore company.
We found subject’s registered files from local registry, supplying as
following for reference.
|
Registered Name: |
|
|
Registered Address: |
Unit G, 1F, Mau Lam Comm. Bldg., 16-18 Mau
Lam St., Jordan, Kowloon, Hong Kong |
|
Tel No.: |
0086 760 7296910 |
|
Fax No.: |
0086 760 7298545 |
|
Date of Registration: |
2014-11-5 |
|
Registered Number: |
2164641 |
|
Business Registration No.: |
64025139 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD 1 (As of 2015.5, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Subject was incorporated on 2014-11-5 with the registered number 2164641
as Private Limited Liability Company in Hong Kong.
Change of Capital:
Particulars of the increase are as follows:
|
Date of Resolution |
Registered Capital |
Amount of Additional Capital |
New Amount of Total Registered Capital |
|
2014-11-5 |
1 |
9,999 |
10,000 |
The additional Capital is divided as follows:
|
Class of Shares |
Number of Shares |
Nominal Value per Share |
|
Ordinary |
9,999 |
HKD 1 |
Subject did not register any subsidiaries or
branches, from other source we can not obtain the relevant information, either.
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Bhatia Varun |
9,999 |
99.99% |
|
Indiandirectory HK Limited |
1 |
0.01% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Indiandirectory HK Limited |
|
Address: |
Unit I, 1F, Mau Lam Comm. Bldg., 16-18 Mau Lam St., Jordan, Kowloon,
Hong Kong |
|
Name: |
Bhatia Varun |
|
Address: |
BT-14 Shalimar Bagh, Delhi 110088, India |
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Bhatia Varun |
|
Address: |
BT-14 Shalimar Bagh, Delhi 110088, India |
|
Position: |
Director |
|
Passport Number: |
Z2010768 |
|
Issuing Country: |
India |
|
Date of Appointment: |
2014-11-5 |
|
2 |
|
|
Name: |
Buttar Secretarial Services Limited |
|
Address: |
Unit 13, 16F, Asia Trade Centre, No. 79 Lei Muk Rd., Kwai Chung, NT,
Hong Kong |
|
Position: |
Company Secretary |
|
Registered Number: |
1906147 |
Former Director
|
Name: |
Singh Kuldeep |
|
Address: |
1F, Mau Lam Comm. Building, 16-18 Mau Lam St., Jordan, Kowloon, Hong
Kong |
|
Position: |
Director |
|
ID Number: |
P018043(6) |
|
Date of Resignation: |
2014-11-5 |
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 cannot
obtain the relevant information.
Mortgage Record
No mortgage record of the subject was found.
Up to now, no present or latent litigation of the subject has been
found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.92 |
|
|
1 |
Rs.101.44 |
|
Euro |
1 |
Rs.72.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.