|
Report No. : |
352581 |
|
Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CASESTUDY LIMITED |
|
|
|
|
Registered Office : |
Unit 907, 9/F, Tower A, Regent Centre 63 Wo Yi Hop Road, Kwai Kong New Territories |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
13.04.2010 |
|
|
|
|
Com. Reg. No.: |
52076570 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and Sale of Labels. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Slow but correct |
|
|
|
|
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) |
|
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 12.5% 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: |
Casestudy Limited |
|
Supplied Name: |
CASESTUDY LTD |
|
Trading Address: |
Unit 907, 9/F, Tower A, Regent Centre 63 Wo Yi Hop Road, Kwai Kong New
Territories, Hong Kong |
|
Supplied Address: |
UNIT 907,9/F,TOWER A,REGENT CENTRE 63 W/O YI HOP ROAD,KWAI KONG NEW
TERRITORIES, HONGKONG |
Note: The exact name and address are as above.
We arranged the site visit for the supplied address,
but the result has not been come back. We will update the report when receive
the photos.
We confirmed the subject is located at the
supplied address with the relevant staff through the telephone.
|
Registered Name: |
|
|
Registered Address: |
Unit 907, 9/F, Tower A, Regent Centre 63
Wo Yi Hop Road, Kwai Kong New Territories, Hong Kong |
|
Telephone Number: |
+852-2428-8986/ 2428-8086 |
|
E-mail: |
|
|
Date of Registration: |
2010-4-13 |
|
Registered Number: |
1442107 |
|
Business Registration No.: |
52076570 |
|
Paid-up Capital: |
HKD 1,000 (USD 129) = 1,000 Shares@ HKD 1 (As of 2015.12, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
65621--Labels, Badges and Similar Articles
of Textile Materials, Woven, In the Piece, In Strips or Cut to Shape or Size,
Not Embroidered (Kg) |
|
Principal Activities: |
Manufacturing and sale of labels. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-4-13 |
Notes: Subject declined
to disclose the number of staff, and from other source we cannot obtain the
information, either.
Subject was incorporated on 2010-4-13 with the
registered number 1442107 as Private Limited Liability Company in Hong Kong.
Subject did not register any subsidiaries or branches; from other
source we could not obtain the relevant information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
NJC Holdings Limited |
700 |
70% |
|
Prime Asia Investment Holding Limited |
300 |
30% |
|
Total |
1,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
NJC Holdings Limited |
|
Address: |
OMC Chambers Wickhams Cay 1, Rd. Town,
Tortola, British Virgin Islands |
|
2 |
|
|
Name: |
Prime Asia Investment Holding Limited |
|
Address: |
Rm. 2206, 22F, Billion Trade Centre, 31 Hung
To Rd., Kwun Tong, Hong Kong |
|
2010-2-19 |
|
|
Registered Number: |
1423823 |
|
Business Registration No.: |
51967588 |
|
Legal Form: |
Private Limited Liability Company |
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Wong Paul Lai |
|
Address: |
Flat D, 17F, Block 3, Noble Hill, No. 38 Ma
Sik Rd., Fanling, N. T., Hong Kong |
|
Position: |
Director |
|
ID Number: |
K276851(8) |
|
2 |
|
|
Name: |
Sky King Consultants Limited |
|
Address: |
Rm. 304-306, 3rd Floor, Hua Qin
International Building, 340 Queen’s Rd. Central Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
471965 |
Offices & Factories
|
|
Office |
|
Address: |
Unit 907, 9/F, Tower A, Regent Centre 63 Wo Yi Hop Road, Kwai Kong New
Territories, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit 907, 9/F, Tower A, Regent Centre 63 Wo Yi Hop Road, Kwai Kong New
Territories, Hong Kong |
|
Owners: |
Chericourt Company Limited |
|
Memorial Number: |
TW915358 |
|
Date of Instrument: |
1993-8-20 |
|
Date of Registration: |
1993-9-16 |
|
Consideration Value: |
HKD 786,000,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13010702420132 |
|
Date of Instrument: |
2012-12-28 |
|
Date of Registration: |
2013-1-7 |
|
Nature: |
LEGAL CHARGE AND DEBENTURE |
|
In Favor of: |
BANK OF CHINA (HONG KONG)
LIMITED |
|
Consideration: |
ALL MONEYS (PT.) |
|
2 |
|
|
Memorial No.: |
TW1124075 |
|
Date of Instrument: |
1997-3-24 |
|
Date of Registration: |
1997-4-10 |
|
Nature: |
DEED OF MUTUAL COVENANT AND
MANAGEMENT AGREEMENT |
|
In Favor of: |
EAST SUN ESTATE MANAGEMENT
COMPANY LIMITED "MANAGER" |
|
3 |
|
|
Memorial No.: |
TW1067276 |
|
Date of Instrument: |
1996-6-18 |
|
Date of Registration: |
1996-7-6 |
|
Nature: |
OCCUPATION PREMIT NO. NT 58/96 |
Production Information
Subject is engaged in manufacturing of labels,
etc.
It is introduced that subject has a factory in
the Mainland of China for production.
Purchase Information
The raw materials of the subject are mainly
purchased in the Mainland of China.
Sales Information
Subject is engaged in sale of labels, etc.
It is introduced that subject’s products are
applied for garments, jewelry, etc.
The companies cooperated with the subject are
from domestic market and abroad.
It is introduced that subject’s major
customers are TEAPOT & IRAFFE, SOFRAGEM, YOSOYA, KEY GEMS, CRAFT, PLAYDECK,
CHANINTR LIVING, CAFÉ CLARIRE, SPRUCE, PANUS, RAI, AIRSERVE, NEWKRU, TLTD,
KUPPADELI, etc.
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Labels, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Labels, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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.
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
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 |
Interview Details
|
Name |
Ms. Zheng |
|
Department: |
Sales Department |
Unit: HKD/000
|
|
2015.06 |
2015.01~2015.06 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
2 |
1 |
154 |
8 |
|
Germany |
634 |
330 |
7,996 |
5,807 |
|
5,963 |
1,296 |
32,132 |
6,231 |
|
|
Australia |
30 |
23 |
45 |
37 |
|
Italy |
9,741 |
4,476 |
53,250 |
30,633 |
|
Malaysia |
1,240 |
249 |
21,933 |
3,590 |
|
Taiwan |
2,319 |
820 |
19,617 |
5,733 |
|
Chile |
5,093 |
3,404 |
39,465 |
25,447 |
|
The Mainland of China |
293,492 |
61,080 |
2,015,175 |
463,485 |
|
Exports |
||||
|
United Arab Emirates |
58 |
35 |
494 |
285 |
|
Britain |
1,486 |
532 |
9,452 |
3,451 |
|
Indonesia |
2,383 |
1,493 |
19,201 |
8,602 |
|
India |
2,321 |
1,101 |
18,088 |
8,261 |
|
Italy |
132 |
125 |
1,591 |
968 |
|
Cambodia |
1,526 |
822 |
14,721 |
6,973 |
|
Pakistan |
2,956 |
923 |
14,897 |
4,842 |
|
Vietnam |
6,682 |
3,269 |
60,165 |
27,540 |
|
The Mainland of China |
39,291 |
3,893 |
249,067 |
25,965 |
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 |
|
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 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.84 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.73.05 |
|
HKD |
1 |
Rs.8.59 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.