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Report No. : |
352698 |
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Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIQUE TALENT LTD. |
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Registered Office : |
C/o Happy Consultants Ltd. Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai |
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Country : |
Hong Kong
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Date of Incorporation : |
14.11.2006 |
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Com. Reg. No.: |
37646687 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm the detailed activity but the same is not
available from any sources] |
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No. of Employees : |
No Employee in Hong Kong NOTE: It is to be noted that
the company does not have its own operating office in Hong Kong. The company
uses the address of its secretariat as its correspondence address only.
Subject operates from some other country and does not have a base in Hong
Kong. Such companies are registered in Hong Kong just to tax benefit purpose
and due to the strict privacy laws prevailing in the country. In such cases,
the companies are not required to have any employees in Hong Kong nor do have
an office there. |
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 : |
No Operating Office in Hong Kong |
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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
|
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.
|
Source
: CIA |
UNIQUE TALENT LTD.
Registered Head
Office:-
C/o Happy Consultants Ltd.
Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai,
Hong Kong.
Associated
Company:-
Group Indigo
41 Avenue Edouard Vaillant, 92100 Boulogne Billancourt, France.
[Tel: 08-9987 6616]
37646687
1087510
14th November, 2006.
HK$1.00
(As per registry dated 14-11-2014)
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Name |
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No. of share |
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Ashim KHANNA |
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1 = |
(As per registry dated 10-03-2015)
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Name (Nationality) |
Address |
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Ashim KHANNA |
56bis, rue du Chemin Vert, 92100 Boulogne Billancourt, France. |
(As per registry dated 14-11-2014)
|
Name |
Address |
Co. No. |
|
Happy Consultants Ltd. |
Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong. |
1101325 |
The subject was incorporated on 14th November, 2006 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject’s registered address formerly was located at Room 9 &
11, 22/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong
Kong where was the operating address of an account firm B. Ho & Co. CPA,
moved to the present address in March 2009 as it has changed its commercial
service provider since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Unique Talent Ltd. has issued just 1 ordinary share of HK$1.00 which is
owned by Mr. Ashim Khanna who is an India merchant, however his registered
address is in France. The old director of
the subject Mr. Manish Khanna was an India passport holder who was in New
Delhi, India. Now the new director was
also Ashim Khanna who was appointed on 10th March, 2015.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit B, 9/F., Jonsim Place, 228 Queen’s Road East,
Wanchai, Hong Kong known as Happy Consultants Ltd. [HCL] which is handling its
correspondences and documents. HCL is
also the corporate secretary of the subject.
This firm is an associate of an accountant firm B. Ho & Co. CPA
which is also located at the above-mentioned address. The subject has no employees in Hong Kong.
To our knowledge, the subject is an associate of Group Indigo SARL
[Group Indigo], which is a France-based firm.
Group Indigo commenced business in 2005 and with a registered capital of
EUR 7,500.
Group Indigo is a service organisation offering expertise in sourcing,
product development, quality and technical assurance to fashion retailers and
brands in Europe. The founders of Group
Indigo, Ashim Khanna who is the shareholder of the subject, has had a
consolidated experience of over 20 years in sourcing apparels, home textiles
and fashion accessories for customers in the United Kingdom, France, other
European countries and the United States.
Most of its suppliers are in India, China and the other Asian
countries. It seems that India is the
main supplying country. Group Indigo
also carries other commodities as entrusted by customers.
Group Indigo has set up an office and supplier base in India. It has had suppliers from the Indian
subcontinent namely from countries like India, Sri Lanka, Bangladesh, Nepal,
etc. It also has extensive industry
contacts and counterparts to source from the Middle East and Africa (Dubai,
Kenya, Madagascar, Egypt, Turkey.).
Group Indigo has set up an office in Paris where is the centre of
Europe, which allows it to be in the vicinity of its main customers.
The Group’s another office is in New Delhi and a production branch
office in south India in Chennai, and an office in Pune for Western Indian
operations from Bombay.
Mr. Ashim Khanna, is the Director of Europe Operations – Customer
Management, R&D and Finance management.
Graduated from Delhi University, he has been living in Europe since
2001. He has got an MBA degree from HEC
France and also has got an apparel production technology diploma from NIFT,
India. He had worked for 8 years in a
US$14 billion turnover company May Department Stores in its New Delhi office,
administering the women’s, men’s and children’s divisions.
Currently, Ashim Khanna is residing in France administering the business
of Group Indigo. The overall business of
Group Indigo is active. Its business in
India is also active. Besides in India,
the Group also has had an office in Turkey.
The subject is fully supported by Group Indigo. However, the subject’s business in Hong Kong
is not active. Its history in Hong Kong
is over nine years.
Since the subject does not have its own operating office and has no
employees in Hong Kong, on the whole, consider it good for business engagements
on L/C basis or in small credit amounts.
NOTE:
It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the companies
are not required to have any employees in Hong Kong nor do have an office
there.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52. |
|
HKD |
1 |
Rs.8.62 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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 |
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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.