MIRA INFORM REPORT
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Report No. : |
353003 |
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Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
OM SHIVA COMMODITIES HONG KONG LIMITED |
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Registered Office : |
Unit 1-2, 17/F, Sterling Centre, No.11 Cheung Yue Street, Cheung Sha Wan, Kowloon |
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Country : |
Hong Kong
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Date of Incorporation : |
28.03.2014 |
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Com. Reg. No.: |
2070522 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Cotton Yarns. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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Status : |
New Business |
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|
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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
|
Source
: CIA |
Contact Points
|
Company Name: |
OM SHIVA
COMMODITIES HONG KONG LIMITED |
|
Supplied Name: |
OM SHIVA COMMODITIES HONG KONG LIMITED, |
|
Trading Address: |
Unit 1-2, 17F, Sterling Centre, No. 11 Cheung Yue St., Cheung Sha Wan,
Kowloon, HK |
|
Supplied Address: |
UNIT 1-2, 17/F, STERLING CENTRE, NO. 11 CHEUNG YUE STREET, CHEUNG SHA
WAN, KOWLOON - HONG KONG |
Note: The exact name
and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 1-2, 17/F, Sterling Centre, No.11
Cheung Yue Street, Cheung Sha Wan, Kowloon. |
|
Telephone Number: |
+852-3998-3705/ 3998-3654 |
|
Date of Registration: |
2014-03-28 |
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Registered Number: |
2070522 |
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Business Registration No.: |
63079268 |
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Registered Capital: |
HKD 2,000,000 (USD 258,000) (As of 2015.5, 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 |
|
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 cotton yarns. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-3-28 |
Notes: Subject declined to
disclose the number of staff, and from other source we cannot obtain the
information, either.
History
Subject was incorporated on 2014-03-28 with the registered number
2070522 as Private Limited Liability Company in Hong Kong.
Change of
Registered Address
|
Former Registered Address |
Room 1308, 13/F, CEO Tower, 77 Wing Hong Street, Cheung Sha Wan,
Kowloon, Hong Kong. |
|
Current Registered Address |
Unit 1-2, 17/F, Sterling Centre, No.11 Cheung Yue Street, Cheung Sha
Wan, Kowloon. |
Transfer of Shares:
|
2014-3-28 |
||
|
Transferred From |
No. of Shares Transferred |
Transferred To |
|
UGA Limited |
1 |
Kumar Sanjay |
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 (%) |
|
|
Kumar Sanjay |
800,000 |
40% |
|
Kumar Sangeet |
800,000 |
40% |
|
Kumar Raj |
400,000 |
20% |
|
Total |
2,000,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Kumar Sanjay |
|
Address: |
42G, Tower 7, Liberte, 833 Lai Chi Kok Rd., Lai Chi Kok, Kowloon, Hong
Kong |
|
2 |
|
|
Name: |
Kumar Sangeet |
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Address: |
B 602, A1-Mustafa Homes, Frere Town Contt, Karachi, Pakistan. |
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3 |
|
|
Name: |
Kumar Raj |
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Address: |
B 602, A1-Mustafa Homes, Frere Town Contt, Karachi, Pakistan. |
Former
Shareholder:
|
Name: |
UGA Limited. |
|
Address: |
Room 1308, 13/F, CEO Tower, 77 Wing Hong Street, Cheung Sha Wan,
Kowloon, Hong Kong. |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Kumar Sanjay |
|
Address: |
42G, Tower 7, Liberte, 833 Lai Chi Kok Rd., Lai Chi Kok, Kowloon, Hong
Kong |
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Position: |
Director |
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ID Number: |
M 411123 |
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2 |
|
|
Name: |
Kumar Sangeet |
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Address: |
B 602, A1-Mustafa Homes, Frere Town Contt, Karachi, Pakistan. |
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Position: |
Director |
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Passport Number: |
AW4227163 |
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Issuing Country: |
Pakistan |
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3 |
|
|
Name: |
Gee Kay Systems & Accounting Limited. |
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Address: |
Room 1308, 13/F, CEO Tower, 77 Wing Hong Street, Cheung Sha Wan,
Kowloon, Hong Kong. |
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Position: |
Company Secretary |
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Registered Number: |
680643 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 1-2, 17F, Sterling Centre, No. 11 Cheung Yue St., Cheung Sha Wan,
Kowloon, HK |
Premises Information
Office address:
|
Address: |
Workshop 1, 17F, Sterling Centre, No. 11 Cheung Yue St., Cheung Sha
Wan, Kowloon, HK |
|
Owners: |
Ever Smart International Enterprise Limited |
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Memorial Number: |
12092102030086 Assignment |
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Date of Instrument: |
2012-8-23 |
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Date of Registration: |
2012-9-21 |
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Consideration Value: |
HKD 4,554,000.00 (PT.) |
History of Premises Owners’
|
1 |
|
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Memorial No.: |
12092102030098 |
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Date of Instrument: |
2012-8-23 |
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Date of Registration: |
2012-9-21 |
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Nature: |
Mortgage |
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In Favor of: |
Dah Sing Bank Limited |
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Consideration: |
All Moneys |
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2 |
|
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Memorial No.: |
12082101920028 |
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Date of Instrument: |
2012-7-27 |
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Date of Registration: |
2012-8-21 |
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Nature: |
Agreement For Sale And Purchase |
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In Favor of: |
Ever Smart International Enterprise Limited |
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Consideration: |
HKD 4,554,000.00 (PT.) |
|
3 |
|
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Memorial No.: |
12072602480017 |
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Date of Instrument: |
2012-7-10 |
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Date of Registration: |
2012-7-26 |
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Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Ever Smart International Enterprise Limited |
|
Consideration: |
HKD 4,554,000.00 (PT.) |
Note: PT. means part of.
Production Information
Subject is engage in trading of cotton yarns. without any production
activities.
Purchase Information
It is introduced that subject’s products are both purchased at home and
abroad such as Africa, India.
Sales Information
Subject is a trader of cotton yarns.
The major products of the subject include raw cotton, cotton yarn,
fabrics, cotton waste.
Subject’s major sales regions are domestic market and abroad.
The major customers of the subject are manufacturers of fabrics and
cloth.
Settlements
Purchase
Domestic Purchase
|
Products |
Cotton yarn |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Cotton yarn |
|
Payment Terms |
L/C, T/T |
Domestic Markets
|
Product |
Cotton yarn |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Cotton yarn |
|
Selling Terms |
L/C, T/T |
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
Mortgage Record
No mortgage record of the subject was found.
Lawsuits
Up to now, no present or latent litigation of the subject has been
found.
|
High Court Action: |
Clear |
|
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 |
Special Note
Interview Details
|
Name |
Ms. Erica |
|
Department: |
Sales Department |
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Email: |
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
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
99 |
31 |
99 |
31 |
|
|
Belgium |
8 |
2 |
21 |
4 |
|
Bulgaria |
61 |
21 |
94 |
26 |
|
The Mainland of
China |
12,374,779 |
399,414 |
68,323,843 |
2,245,376 |
|
Germany |
394 |
90 |
854 |
200 |
|
Indonesia |
504,432 |
16,744 |
1,957,582 |
62,518 |
|
India |
2,617,530 |
69,485 |
17,928,596 |
464,346 |
|
Pakistan |
3,530,537 |
82,429 |
19,116,208 |
447,021 |
|
Exports |
||||
|
The Mainland of
China |
18,313,402 |
582,535 |
106,443,729 |
3,351,046 |
|
France |
24 |
4 |
117 |
13 |
|
Indonesia |
166,738 |
6,333 |
833,125 |
34,165 |
|
India |
16 |
2 |
5,146 |
395 |
|
Japan |
544 |
65 |
1,009 |
92 |
|
South Korea |
64,441 |
2,773 |
240,739 |
9,682 |
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 |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
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 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
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 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
Address: Unit 1-2, 17F, Sterling Centre, No. 11 Cheung Yue St., Cheung
Sha Wan, Kowloon, HK
Sterling Centre, No. 11 Cheung Yue St., Cheung Sha Wan, Kowloon, HK
17F, Sterling Centre, No. 11 Cheung Yue St., Cheung Sha Wan, Kowloon, HK
Unit 1-2, 17F, Sterling Centre, No. 11 Cheung Yue St., Cheung Sha Wan,
Kowloon, HK
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
|
HKD |
1 |
Rs.8.63 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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|
Report Prepared
by : |
TRU |
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.