MIRA INFORM REPORT
|
Report No. : |
351626 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
LITE VIEW LIMITED |
|
|
|
|
Registered Office : |
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam Hing
Street, Kowloon Bay, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
03.03.2009 |
|
|
|
|
Com. Reg. No.: |
50468224 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
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 |
Contact Points
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
|
|
Supplied Name: |
LITE VIEW LIMITED |
|
Trading Address: |
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam
Hing Street, Kowloon Bay, Kowloon, Hong Kong |
|
Supplied Address: |
Unit No.9,STH Floor, Metro Centre, 1,32, Lam Hing Street, Kowloon Bay, |
Note: The exact name
and address are as above.
Special Note
We contacted the subject through the supplied telephone
number +852-2783-8633, the relevant staff confirmed that his company locating
at the supplied address, but declined to disclose any other information. And he
also refused to transfer the phone to others. We visited the supplied address,
but did not find the subject name on it. We tried to knock at the door, but
nobody answered it.
According to the supplied name, we found a
telephone number +86-20-3825-8930 which belong to Mainland China. A lady
answered it but she introduced that her company is engaged in
providing insurance services, etc. And she said that she did not hear of
the subject.
We sent an email to info@liteviewltd.com
which we obtained from public files, but did not receive any reply until now.
We cannot obtain any other contact information
of the subject from public files according to the supplied name or address.
Up to date of report, we failed to get the
operation information of subject. If you can supply further information such as
current telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam Hing Street, Kowloon Bay,
Kowloon, Hong Kong |
|
Telephone Number: |
+852-2783-8633 |
|
Date of Registration: |
2009-3-3 |
|
Registered Number: |
1311360 |
|
Business Registration No.: |
50468224 |
|
Registered Capital: |
HKD 2,000,000 (USD 258,000) (As of 2015.11, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 2,000,000 (USD 258,000) =
2,000,000 Shares @ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-3-3 |
Note: Subject declined to disclose its principal activities and staff number, and from other source we can’t
obtain the information, either.
History
Subject was incorporated on 2009-3-3 with the
registered number 1311360 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant information,
either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Makhija Ashvin Prakash |
2,000,000 |
100% |
|
Total |
2,000,000 |
100% |
Major Shareholder Information:
|
Name: |
Makhija Ashvin Prakash |
|
Address: |
Flat H, 20/F, Block 14, Laguna City, Lam
Tin, Kwun Tong, Kowloon, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Makhija Ashvin Prakash |
|
Address: |
Flat H, 20/F, Block 14, Laguna City, Lam Tin,
Kwun Tong, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R946130(1) |
|
2 |
|
|
Name: |
Makhija Mehar Ashvin |
|
Address: |
Flat H, 20/F, Block 14, Laguna City, Lam
Tin, Kwun Tong, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R911610(8) |
|
3 |
|
|
Name: |
Buttar Secretarial Limited |
|
Address: |
Unit 13, 16/F, Asia Trade Centre, No. 79 Lei
Muk Road, Kwai Chung, N.T. Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
2086550 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam
Hing Street, Kowloon Bay, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Workshop NO.9, 5TH Floor, Metro Centre 1, 32
Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong |
|
Owners: |
MAKHIJA, ASHVIN PRAKASH JOINT TENANT MAKHIJA, MEHAR ASHVIN JOINT TENANT |
|
Memorial Number: |
13101001240035 |
|
Date of Instrument: |
2013-9-17 |
|
Date of Registration: |
2013-10-10 |
|
Consideration Value: |
HKD 3,600,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
15082500460064 |
|
Date of Instrument: |
2015-7-30 |
|
Date of Registration: |
2015-8-25 |
|
Nature: |
MORTGAGE |
|
In Favor of: |
Industrial And Commercial Bank Of China
(Asia) Limited |
|
Consideration: |
ALL MONIES (PT.) |
|
2 |
|
|
Memorial No.: |
13072601350025 |
|
Date of Instrument: |
2013-7-23 |
|
Date of Registration: |
2013-7-26 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
MAKHIJA, ASHVIN PRAKASH (JOINT TENANT) MAKHIJA, MEHAR ASHVIN (JOINT TENANT) |
|
Consideration: |
HKD 3,600,000.00 |
|
3 |
|
|
Memorial No.: |
07090601560017 |
|
Date of Instrument: |
2007-8-16 |
|
Date of Registration: |
2007-9-6 |
|
Nature: |
Provisional Agreement For Sale And Purchase |
|
In Favor of: |
-- |
|
Consideration: |
HKD 1,438,000.00 |
Note: (PT.) means part of.
Operation Information
From public files, we found a website
http://www.liteviewltd.com/services.html which may belong to the subject and it
shows that its operation information is as following:
Translation
Purchase accompany
Transportation (inland)
Factory visit (upon request)
Customs clearance
Warehousing
Sampling arranged with competitive courier
rates
As the subject declined to disclose its
operation information, the relevant information cannot be confirmed from any
other resources.
Settlements
Subject declined to disclose the detail
information of settlements, and it is introduced that the details of
settlements are to be negotiated.
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
|
2015-05-21 |
|
|
Court Name: |
Magistrates' Courts |
|
Court No.: |
KTS5133 |
|
Claimant: |
KTS5133/2015 |
|
Defendant: |
Lite View Limited |
|
Reason: |
Failing to take out insurance policy for
employees |
Mortgage Record
|
1 |
|
|
Company Name: |
Lite View Limited |
|
Instrument of Creating Mortgage: |
Undertaking Relating To Deposits |
|
Date of Creating Mortgage: |
2013-8-21 |
|
Amount Secured: |
-- |
|
Name of Mortgagee: |
Indian Overseas Bank, Tsim Sha Tsui Branch |
|
Address of Mortgagee: |
2109-2110, Miramar Tower, 21/F, 132 Nathan
Road, Tsim Sha Tsui, Kowloon, Hong Kong. |
|
Description of Property Mortgaged: |
No. of receipt: 2013 FD 151 Date of Receipt: 2013-8-20 Amount of Deposit: HKD105,000.00 Rate of Interest:0.80% Maturity date of deposit:2014-8-20 |
|
2 |
|
|
Company Name: |
Lite View Limited |
|
Instrument of Creating Mortgage: |
Undertaking Relating To Deposits |
|
Date of Creating Mortgage: |
2012-9-18 |
|
Amount Secured: |
-- |
|
Name of Mortgagee: |
Indian Overseas Bank, Tsim Sha Tsui Branch |
|
Address of Mortgagee: |
2109-2110, Miramar Tower, 21/F, 132 Nathan Road,
Tsim Sha Tsui, Kowloon, Hong Kong. |
|
Description of Property Mortgaged: |
No. of receipt: 2012 FD 190 Date of Receipt: 2012-9-18 Amount of Deposit: USD 65,000.00 Rate of Interest: 1.10% Maturity date of deposit: 2013-3-18 |
|
3 |
|
|
Company Name: |
Lite View Limited |
|
Instrument of Creating Mortgage: |
Undertaking Relating To Deposits |
|
Date of Creating Mortgage: |
2012-2-22 |
|
Amount Secured: |
-- |
|
Name of Mortgagee: |
Indian Overseas Bank, Tsim Sha Tsui Branch |
|
Address of Mortgagee: |
2109-2110, Miramar Tower, 21/F, 132 Nathan
Road, Tsim Sha Tsui, Kowloon, Hong Kong. |
|
Description of Property Mortgaged: |
No. of receipt: 2011 FD 409 Date of Receipt: 2012-2-12 Amount of Deposit: USD94,000.00 Rate of Interest: 1.00% Maturity date of deposit:2012-8-14 No. of receipt: 2011 FD412 Date of Receipt: 2012-2-21 Amount of Deposit: USD60,000.00 Rate of Interest: 1.00% Maturity date of deposit: 2012-8-20 |
|
4 |
|
|
Company Name: |
Lite View Limited |
|
Instrument of Creating Mortgage: |
Undertaking Relating To Deposits |
|
Date of Creating Mortgage: |
2011-3-18 |
|
Amount Secured: |
-- |
|
Name of Mortgagee: |
Indian Overseas Bank, Tsim Sha Tsui Branch |
|
Address of Mortgagee: |
2109-2110, Miramar Tower, 21/F, 132 Nathan Road,
Tsim Sha Tsui, Kowloon, Hong Kong. |
|
Description of Property Mortgaged: |
No. of receipt: 2010 FD 575 1 Date of Receipt: 2011-3-16 Amount of Deposit: USD 203,046.84 Rate of Interest: 1.0% Maturity date of deposit:2011-9-12 |
Attachment
Address: Unit 9, 5TH Floor,
Metro Centre 1, 32 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong
We visited the supplied address as above, but
did not find the subject name on it. We tried to knock on the door, but nobody
answered it. The following photos are for references:
Metro Centre 1, 32 Lam Hing Street, Kowloon
Bay, Kowloon, Hong Kong
Metro Centre 1, 32 Lam Hing Street, Kowloon
Bay, Kowloon, Hong Kong
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam Hing
Street, Kowloon Bay, Kowloon, Hong Kong
Unit 9, 5TH Floor, Metro Centre 1, 32 Lam Hing
Street, Kowloon Bay, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.36 |
|
Euro |
1 |
Rs.70.68 |
|
HKD |
1 |
Rs.8.58 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
TPT |
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.