MIRA INFORM REPORT

 

 

Report No. :

356808

Report Date :

30.12.2015

 

IDENTIFICATION DETAILS

 

Name :

XUN XIANG METALWARE COMPANY LIMITED

 

 

Registered Office :

Units 1812-13, 18/F., North Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.12.1984

 

 

Com. Reg. No.:

145138

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading of steel and iron.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 English):

Xun Xiang Metalware Company Limited

Supplied Name:

XUN XIANG METAL WARE CO LTD.

Trading Address:

Units 1812-13, 18/F., North Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong

Supplied Address:

1812-13,18/F, NORTH TOWER, CONCODIA PLAZA,1 SCIENCE MUSEUM ROAD, TSIMSHA TSUI Kowloon

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Xun Xiang Metalware Company Limited

Registered Address:

Units 1812-13, 18/F., North Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong

Telephone Number:

+852-2366-2689

Fax Number:

+852-2724-5089

Date of Registration:

1984-12-20

Registered Number:

145138

Business Registration No.:

09400196

Paid-up Capital:

HKD 10,000,100 (USD 1,290,012.9) = 100,001 Shares @ HKD 100

(As of 2015.12, 1 HKD = 0.129 USD)

Legal Form:

Private Limited Liability Company

SITC Code:

67411--Flat-rolled products of iron/non-alloy steel, plated or coated electrolytically with zinc, width 600 mm or more (kg)

Principal Activities:

Trading of steel and iron

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-12-20

Notes: Subject declined to disclose the number of staff, and we cannot obtain the information from other source, either.

 

 

History

 

Subject was incorporated on 1984-12-20 with the registered number 145138 as Private Limited Liability Company in Hong Kong.


 

Change of Name:

Effective Date

Name

1991-11-21

Xun Xiang Metalware Company Limited

迅祥鋼鐵有限公司

1984-12-20

Xun Xiang Metalware Company Limited

迅祥鐵倉有限公司

 

Transfer of Shares:

 

2014-09-29

Transferred From

No. of Shares Transferred

Transferred To

Wu Siu On

10,000

Nation Talent Limited

Kam Siu Kuen

3,300

Chan Yu Lung

 

 

Corporate Structure

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Shareholders

 

Name

Subscription Shares

Proportion of Investment (%)

Wu Siu On

65,000

65%

Chan Yu Lung

20,001

20%

Nation Talent Limited

10,000

10%

Chan Kin Hung

5,000

5%

Total

100,001

100%

 

Major Shareholders’ Information:

1

Name:

Wu Siu On

Address:

Flat D, 7/F., Block 8, Royal Ascot, 1 Tsun King Road, Fotan, N.T., Hong Kong

2

Name:

Chan Yu Lung

Address:

No.9, Braga Circuit, Kowloon, Hong Kong

3

Name:

Nation Talent Limited

Address:

OMC Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands

4

Name:

Chan Kin Hung

Address:

No.9, Braga Circuit, Kowloon, Hong Kong

 

Former Shareholder Information:

Name:

Kam Siu Kuen

Address:

Units 1812-13, 18/F., North Tower, Concordia Plaza, 1 Science Museum Rd., Tsim Sha Tsui, Kln., Hong Kong

 

 

Management Information

 

Core Management

 

Detailed Information of Directors:

1

Name:

Chan Kin Hung

Address:

No.9, Braga Circuit, Kowloon, Hong Kong

Position:

Director

ID Number:

E372613(8)

2

Name:

Wu Siu On

Address:

Flat D, 7/F., Block 8, Royal Ascot, 1 Tsun King Road, Fotan, N.T., Hong Kong

Position:

Director

ID Number:

A991171(8)

3

Name:

Everbest Secretarial Limited

Address:

Room 1705-6., 17/F., President Commercial Centre, 608 Nathan Road, Mongkok, Kowloon, Hong Kong

Position:

Corporate Secretary

Registered Number:

160492

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Units 1812-13, 18/F., North Tower, Concordia Plaza, 1 Science Museum Road, Tsim Sha Tsui, Kowloon, Hong Kong

 

Premises Information

 

Office address:

Address:

Unit 1 on 18th Floor, Greenfield Tower, Concordia PLAZA, No. 1 Science Museum Road, Kowloon, Hong Kong

Owners:

Hostrise Group Limited

Memorial Number:

11062400280094

Assignment

Date of Instrument:

2011-05-31

Date of Registration:

2011-06-24

Consideration Value:

HKD 26,184,900

 

Production Information

 

Subject is a trader of steel and iron, etc. without any production activities.

 

Purchase Information

 

It is introduced that the products of subject are mostly purchased in Hong Kong.

 

Sales Information

 

Subject is engaged in sales of steel and iron

The major products are steel and iron materials, scrap steel and iron

Is it introduced that subject’s products are mainly applied for steel and iron parts and machinery manufacturing

Subject’s sales regions include domestic market, Southeast Asia, America and Europe

Subject’s major customers are manufacturers of machinery equipment, automobiles and parts

 

 

Settlements

 

Purchase

 

Domestic Purchase (Hong Kong)

Products

Steel and iron

Payment Terms

T/T, Cash

 

Import

 

Subject has little import.

 

Sales

 

Domestic Markets

Product

Steel and iron

Selling Terms

T/T, Cash

 

Export

Product

Steel and iron

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, and 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

 

Civil Litigation

 

1

Date:

2012-09-19

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

2

Date:

2012-08-23

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

3

Date:

2012-08-22

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

4

Date:

2012-08-21

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

5

Date:

2012-07-24

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

6

Date:

2012-06-26

Court Name:

District Court Civil Action

Court No.:

4905

Claimant:

Xun Xiang Metalware Company Limited

DCCJ 4905/2011

Defendant:

Glad Smart Investment Limited

Reason:

Case management summons

7

Date:

2012-06-16

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

8

Date:

2012-03-20

Court Name:

High Court Commercial Action

Court No.:

689

Claimant:

Chan Shu Ping

(LBTC689/2012)

(Parties)

Defendant:

Xun Xiang Metalware Company Limited

(LBTC)

(Parties)

Reason:

Not stated

9

Date:

2011-12-23

Court Name:

District Court Civil Action

Court No.:

4905

Claimant:

Xun Xiang Metalware Co Ltd

c/o

Unit 1812-13, 18/F,

North Tower,

Concordia Plaza,

1 Science Museum Road,

Tsim Sha Tsui, Kln

c/o

Yip, Tse & Tang

(a firm)

Defendant:

Glad Smart Investment Ltd

c/o

Flat B, 29/F, Block 8,

Aegean Coast,

2 Kwun Tsing Road,

Tuen Mun, NT

Reason:

Goods Sold & Delivered

Amount(HKD):

HKD 936,700.00

10

Date:

2011-06-03

Court Name:

High Court Civil Action

Court No.:

HCA2280

Claimant:

Xun Xiang Metalware Company Ltd

(HCA2280/2009)

Defendant:

Wan Yuen Kong

t/a

Luen Hop Metal Company

Reason:

Pre-Trial Review

11

Date:

2010-01-05

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

12

Date:

2009-12-14

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

13

Date:

2009-11-12

Court Name:

High Court Civil Action

Court No.:

2280

Claimant:

Xun Xiang Metalware Co Ltd

c/o

Yip, Tse & Tang

(a firm)

Defendant:

Wan Yuen Kong

t/a

Luen Hop Metal Co

c/o

Flat B, 5/F, Block 7,

Aqua Blue,

28 Tsing Fat Street,

Siu Lam,

Tuen Mun, NT, HK

Reason:

Goods Sold & Delivered

14

Date:

2009-10-29

Court Name:

District Court Personal Injury Case

Court No.:

2144

Claimant:

Li Wai Hong

c/o

Room 3021,

Yan Tin House,

Hing Tin Estate,

Lam Tin, Kln

c/o

K.W. Luk & Co

(a firm)

(DCPI)

Defendant:

Xun Xiang Metalware Co Ltd

c/o

Units 1812-13, 18/F,

North Tower,

Concordia Plaza,

1 Science Museum Road,

Tsim Sha Tsui, Kln

Reason:

Payment for Damage

15

Date:

2009-10-08

Court Name:

Magistrates' Courts

Court No.:

KCS39201

Claimant:

KCS39201/2008

Defendant:

Xun Xiang Metalware Co Ltd
Exparte Hearing/Order

Reason:

Failing to give information on demand

16

Date:

2009-09-28

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

17

Date:

2009-08-24

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

Plea

18

Date:

2009-08-03

Court Name:

Magistrates' Courts

Court No.:

KCS39201

Claimant:

KCS39201/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

Plea

19

Date:

2009-06-03

Court Name:

Magistrates' Courts

Court No.:

KCS39201

Claimant:

KCS39201/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

(Mention)

20

Date:

2009-04-21

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

(Mention)

21

Date:

2009-04-01

Court Name:

Magistrates' Courts

Court No.:

KCS39201

Claimant:

KCS39201/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

(Mention)

22

Date:

2009-02-17

Court Name:

Magistrates' Courts

Court No.:

KCS21790

Claimant:

KCS21790/2008

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to give information on demand

(Mention)

23

Date:

2007-10-18

Court Name:

Magistrates' Courts

Court No.:

KTS11452

Claimant:

KTS11452/2007

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Failing to provide and maintain plant and system of work

Pre-Trial Review

24

Date:

2007-10-18

Court Name:

District Court Personal Injury Case

Court No.:

895

Claimant:

Tan Kok Hwa

(HCPI)

Defendant:

Xun Xiang Metalware Co Ltd

Reason:

Payment for Damage

25

Date:

2007-08-10

Court Name:

District Court ECC

Court No.:

991

Claimant:

Xun Xiang Metalware Co Ltd
c/o
Messrs Tsang Chan & Wong
(DCEC)
(Applicant)

Defendant:

Chan Hang Ping

(a minor)

by Wong Yuk Ming,

her mother and next friend

c/o

Room 2606,

Sheung Ming House,

Sheung Tak Estate,

Tseung Kwan O, Kowloon

(Respondent)

Reason:

Fatal

26

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1255

Claimant:

KTS1255/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to provide and maintain safe plant and system of work

Plea

27

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1256

Claimant:

KTS1256/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to provide necessary information, instruction, training and supervision for safety at work of person employed at industrial undertaking

Plea

28

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1257

Claimant:

KTS1257/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to ensure load to be securely suspended/supported and security of load

Plea

29

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1258

Claimant:

KTS1258/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to examine lifting appliance

Plea

30

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1259

Claimant:

KTS1259/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to ensure further test and thorough examination of crane/crab/winch after the crane/crab/winch had undergone substantial repair, re-erection, failure, overturning or collapse

Plea

31

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1260

Claimant:

KTS1260/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

32

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1261

Claimant:

KTS1261/2007

Defendant:

Xun Xiang Metalware Company Limited 

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

33

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1262

Claimant:

KTS1262/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to test and examine chain/rope/lifting gear before use

Plea

34

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1263

Claimant:

KTS1263/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to ensure examination of chain, rope and lifting gear

Plea

35

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1264

Claimant:

KTS1264/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

36

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1265

Claimant:

KTS1265/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

37

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1266

Claimant:

KTS1266/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to test and examine chain/rope/lifting gear before use

Plea

38

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1267

Claimant:

KTS1267/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to ensure examination of chain, rope and lifting gear

(Plea

39

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1268

Claimant:

KTS1268/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

40

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1269

Claimant:

KTS1269/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

41

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1270

Claimant:

KTS1270/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to test and examine chain/rope/lifting gear before use

Plea

42

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1271

Claimant:

KTS1271/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to ensure examination of chain, rope and lifting gear

Plea

43

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1272

Claimant:

KTS1272/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

44

Date:

2007-06-07

Court Name:

Magistrates' Courts

Court No.:

KTS1273

Claimant:

KTS1273/2007

Defendant:

Xun Xiang Metalware Company Limited

Reason:

Failing to deliver certificate or report upon request by occupational safety officer

Plea

45

Date:

2006-12-14

Court Name:

District Court Tax Claim

Court No.:

6115

Claimant:

Xun Xiang Metalware Co Ltd

c/o

Unit 1818, 18/F,

North Tower,

Concordia Plaza,

1 Science Museum Road,

Tsim Sha Tsui, Kln

Defendant:

Heng Cheong Godown Co Ltd

c/o

G/F, 27A On Tsuen Street,

Fanling, NT

Reason:

Breach of Agreement

Amount(HKD):

HKD 70,809.12

 

Mortgage Record

 

No mortgage record of the subject was found.

 

 

Special Note

 

Interview Details

Name

Mr. Chen

Department:

Sales Department

E-mail:

ac90924049@gmail.com

 

 

Industry Information

 

67411--Flat-rolled products of iron/non-alloy steel, plated or coated electrolytically with zinc, width 600 mm or more (kg)

 

Unit: HKD/000

 

2015.06

2015.01~2015.06

 

Quantity

Value

Quantity

Value

Imports

Japan

15,054,635

90,479

81,941,826

508,120

South Korea

2,272,842

11,837

17,003,933

95,284

Mexico

--

--

19,779

205

Taiwan

--

--

300 285

1,725

America

--

--

7,532

127

Vietnam

--

--

208

4

The Mainland of China

337,711

2,060

3,912,162

24,197

Exports

Japan

--

--

2,079

276

Macau

300

3

300

3

The Mainland of China

19,618,292

117,653

105,857,919

657,817

Singapore

--

--

955

11

Thailand

1,636

23

15,683

174

Taiwan

--

--

89,615

433

Vietnam

--

--

33,370

259

 

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

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

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

 

*Total exports figures have been rounded to the nearest final digit after summing up the constituent trade figures.

 

 

Attachment

 

Address: 1812-13, 18/F, North Tower, Concodia Plaza, 1 Science Museum Road, Tsimsha Tsui Kowloon, Hong Kong

 

Concodia Plaza, 1 Science Museum Road, Tsimsha Tsui Kowloon, Hong Kong

 

IMG_1
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


1812-13, 18/F, North Tower, Concodia Plaza, 1 Science Museum Road, Tsimsha Tsui Kowloon, Hong Kong

 

IMG_2
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


1812-13, 18/F, North Tower, Concodia Plaza, 1 Science Museum Road, Tsimsha Tsui Kowloon, Hong Kong

 

IMG_3
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


---------    End of the Report     ----------

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.37

UK Pound

1

Rs.98.91

Euro

1

Rs.72.85

HKD

1

Rs.8.57

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 


 

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%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.