MIRA INFORM REPORT
|
Report No. : |
305709 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CUBIC WORLD (H.K.) LIMITED |
|
|
|
|
Registered Office : |
Room 20, 11/F, Block A, Wah Lok Industrial Centre, 31-41 Shan Mei Street, Fotan, N. T |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
31.08.2006 |
|
|
|
|
Com. Reg. No.: |
37120180 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
LINE OF BUSINESS : |
NOT AVAILABLE
(NOTE: WE TRIED TO CONFIRM OBTAIN THE DETAILS ACTIVITY BUT
THE SAME IS NOT AVAILABLE FROM ANY SOURCE.) |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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% 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 34.9
million in 2012, 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 46.6% of the firms listed on the
Hong Kong Stock Exchange and accounted for about 57.4% 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.
|
Source
: CIA |
Contact
Points
|
Company Name: |
Cubic World (H.K.) Limited |
|
Supplied Name: |
Cubic World HK Limited |
|
Trading Address: |
Room 20, 11/F, Block A, Wah Lok Industrial
Centre, 31-41 Shan Mei Street, Fotan, N. T Hong Kong |
|
Supplied Address: |
Room 20 11/F Block A Wah Lok Industrial Centre 31-41 Shan Mei Street
Fotan N T |
Note: The exact name
and address are as above.
Special
Note
We made an on-site visit
to the supplied address, and find the subject is at this location. However, the
relevant staff refused to introduce any information for us.
We tried to contact with the
subject through the supplied number +852 37436751, and found that the number is
a fax number, then we sent a fax to the subject, there was no reply at this
stage.
According to the supplied
name and address, we can not find any operation information or other valid
contact information of subject.
We found subject’s registration information as follows for reference.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Room 20, 11/F, Block A, Wah Lok Industrial
Centre, 31-41 Shan Mei Street, Fotan, N. T Hong Kong |
|
Date of Registration: |
2006-8-31 |
|
Registered Number: |
1071067 |
|
Business Registration No.: |
37120180 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.02, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-8-31 |
Notes: Since we didn’t contact subject
successfully, the principal activities and staff number are not available from
any sources.
History
Subject was incorporated on 2006-8-31 with the
registered number 1071067 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 (%) |
|
|
Amith Kumar Gupta |
9,500 |
95% |
|
Vikas Bhandawat |
500 |
5% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Amith Kumar Gupta |
|
Address: |
D-16 B11, Hathi Babu Marg Banipark Jaipur
302 016 India |
|
2 |
|
|
Name: |
Vikas Bhandawat |
|
Address: |
0-16, Durga Marg, Ashok Marg, C-Scheme,
Jaipur, India |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Amith Kumar Gupta |
|
Address: |
D-16 B11, Hathi Babu Marg Banipark Jaipur
302 016 India |
|
Position: |
Director |
|
Passport Number: |
Z-1348308 |
|
Issuing Country: |
India |
|
2 |
|
|
Name: |
Minimax Corporate & Management Services
Limited |
|
Address: |
Room 1507, Emperor Group Centre 288 Hennessy
Road Wanchai Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
460445 |
Operation
Information
Since we failed to contact with the subject, the
operation information is not available from any sources.
Offices &
Factories
|
|
Office |
|
Address: |
Room 20, 11/F, Block A, Wah Lok Industrial
Centre, 31-41 Shan Mei Street, Fotan, N. T Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop A20 (Formerly 20) On 11/F Wah Lok Industrial Centre (Phase I) Nos.37-41 Shan Mei Street Shatin New Territories |
|
Owners: |
Twin Bright Development Limited |
|
Memorial Number: |
13040301490071 Assignment |
|
Date of Instrument: |
2013-3-8 |
|
Date of Registration: |
2013-4-3 |
|
Consideration Value: |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
13020800600188 |
|
Date of Instrument: |
2013-1-18 |
|
Date of Registration: |
2013-2-8 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Twin Bright Development Limited |
|
Consideration: |
HKD 2,550,000.00 |
|
2 |
|
|
Memorial No.: |
09072801440674 |
|
Date of Instrument: |
2009-7-9 |
|
Date of Registration: |
2007-7-28 |
|
Nature: |
Agreement For Sale And Purchase With Plan |
|
In Favor of: |
Wah Lok Logistics Limited |
|
Consideration: |
HKD 768,000.00 |
|
3 |
|
|
Memorial No.: |
ST1155744 |
|
Date of Instrument: |
2000-5-10 |
|
Date of Registration: |
2000-6-1 |
|
Nature: |
Memorandum Of Rescission Of Agreement For
Sale And Purchase |
|
In Favor of: |
Hero Trade Investment Limited |
Settlements
Since the subject refused to confirm the
settlements information, the relevant information is not available from any
sources
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 records of subject were not 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 |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Attachment
We made an on-site visit to the supplied
address, and find the subject is at this location.
Room 20, 11/F, Block A, Wah Lok Industrial
Centre, 31-41 Shan Mei Street, Fotan, N. T Hong Kong
%20LIMITED%20-%20305709%2004-Feb-2015_files/image008.gif)
Room 20, 11/F, Block A, Wah Lok Industrial
Centre, 31-41 Shan Mei Street, Fotan, N. T Hong Kong
%20LIMITED%20-%20305709%2004-Feb-2015_files/image009.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.