MIRA
INFORM REPORT
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Report No. : |
305293 |
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Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOP RICH TRADER |
|
|
|
|
Formerly Known as : |
Tradex Service
Centre |
|
|
|
|
Registered Office : |
Unit 422, 4th Floor, Beverley Commercial Centre |
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Country : |
|
|
|
|
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Date of Incorporation : |
02.05.2012 |
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|
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Com. Reg. No.: |
54305351 |
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|
|
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Legal Form : |
Sole Proprietorship |
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|
|
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Line of Business : |
Engaged in Trading of Plastic Products including Plastic
Bags, Paper & Paper Products, Toys & Sundry
items |
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|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part
any information from the concern management.] |
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 |
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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 |
|
Moderate |
B1 |
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High |
B2 |
|
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 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
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Concern Name: |
Top Rich Trader |
|
Supplied Name: |
TRADEX SERVICE CENTRE |
|
Trading Address: |
Unit 422, 4th Floor Beverley Commercial Centre 87-105 Chatham Road
T.S.T Kln., Hong Kong |
|
Supplied Address: |
UNIT 422, 4TH FLOOR BEVERLY COMMERCIAL CENTRE 87-105 CHATAM ROAD T.S.T
KLN, HONGKONG |
Note: The exact name and address are as above. The
supplied name is subject’s former name.
Credit Summary
|
Credit Opinion: |
Concern
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 422, 4th Floor, Beverley Commercial
Centre 87-105 Chatham Road T.S.T Kln., Hong Kong |
|
Telephone Number: |
+852-2730-1680 |
|
Fax Number: |
+852-2730-1780 |
|
Date of Registration: |
2012-5-2 |
|
Business Registration No.: |
54305351 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
SITC Code: |
59899--Other chemical products and
preparations. |
|
Principal Activities: |
Engaged in Trading of Plastic Products including Plastic
Bags, Paper & Paper Products, Toys & Sundry
items |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: We cannot
obtain the registered capital of the subject for the legal form of sole proprietorship.
The subject declined to disclose the number of staff, and from other source we
cannot obtain the information, either.
History
Subject was incorporated on 2012-5-2 with the business registered number 54305351 as Sole Proprietorship in Hong Kong.
Change of Name:
|
Former Name |
Tradex Service Centre |
|
Current Name |
Top Rich Trader |
Corporate
Structure
Related Concern
|
Name: |
Yashita Exports |
|
Address: |
Unit 422, 4th Floor, Beverley Commercial Centre,
87-105 Chatham Road, T.S.T. KLN., Hong Kong |
|
Tel: |
+852-2730-1680 |
|
Fax: |
+852-2730-1780 |
Owner
|
Name: |
Sharma, Tahron Kumar |
|
Address: |
No. 21, 4F, Pang Ching St., Tokwawan,
Kowloon, Hong Kong |
|
ID Number: |
R0886997 |
|
Incoming Date: |
2012-5-2 |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Unit 422, 4th Floor, Beverley Commercial
Centre 87-105 Chatham Road T.S.T Kln., Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit 22 On 4th Floor Including The Flat Roof
Beverley Commercial Centre Nos.87-105 Chatham Road South Kln. |
|
Owners: |
Sharma Tahron Kumar |
|
Memorial Number: |
10090801190122 Assignment |
|
Date of Instrument: |
2010-9-1 |
|
Date of Registration: |
2010-9-8 |
|
Consideration Value: |
HKD 980,000.00 |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
10090801190134 |
|
Date of Instrument: |
2010-9-1 |
|
Date of Registration: |
2010-9-8 |
|
Nature: |
Legal Charge |
|
In Favor of: |
Wing Hang Credit Limited |
|
Consideration: |
All Moneys |
|
2 |
|
|
Memorial No.: |
10081201770029 |
|
Date of Instrument: |
2010-7-31 |
|
Date of Registration: |
2010-8-12 |
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Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Sharma Tahron Kumar |
|
Consideration: |
HKD 980,000.00 |
|
3 |
|
|
Memorial No.: |
08122300290294 |
|
Date of Instrument: |
2008-7-30 |
|
Date of Registration: |
2008-12-23 |
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Nature: |
Superseding Notice No.
WC/TF02164/08/K-W01N Under S.24c(1) Of The Buildings Ordinance |
|
In Favor of: |
-- |
|
Consideration: |
-- |
Production
Information
l
Subject is engaged in
trading of plastic products. without any production activities, etc.
Purchase
Information
l
It is introduced that
subject’s products are mainly purchased in Hong Kong and the Mainland of China.
Sales Information
l
Subject is a trader of
plastic products
l
The major products of the
subject are Plastic Bags, Paper & Paper Products, Toys
& Sundry items
l
The sales regions of the
subject are domestic market and abroad like Africa, UK, Israel, Canada, etc.
l
It is introduced that
subject has a related concern in Hong Kong for sale services.
Settlements
Purchase
1.
Domestic Purchase
|
Products |
Plastic products, etc. |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little import.
1.
Domestic Markets
|
Product |
Plastic products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Plastic products, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special Note
Interview
Details
|
Name |
Mr. Jack |
|
Department: |
Sales Department |
Industry
Information
59899--Other chemical products and preparations.
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab Emirates |
-- |
1,916 |
-- |
11,913 |
|
Australia |
-- |
489 |
-- |
1,228 |
|
Belgium |
-- |
318 |
-- |
5,302 |
|
Canada |
-- |
701 |
-- |
2,538 |
|
USA |
-- |
22,056 |
-- |
159,593 |
|
Switzerland |
-- |
7,835 |
-- |
36,401 |
|
France |
-- |
6,712 |
-- |
20,943 |
|
Britain |
-- |
1,444 |
-- |
9,712 |
|
Japan |
-- |
80,307 |
-- |
547,066 |
|
Korea |
-- |
20,754 |
-- |
133,251 |
|
The Mainland of China |
-- |
59,100 |
-- |
348,805 |
|
Exports |
||||
|
Indonesia |
-- |
130 |
-- |
130 |
|
India |
-- |
257 |
-- |
610 |
|
Korea |
-- |
647 |
-- |
3,464 |
|
Macau |
-- |
8 |
-- |
253 |
|
Singapore |
-- |
16 |
-- |
96 |
|
Thailand |
-- |
291 |
-- |
882 |
|
Taiwan |
-- |
108 |
-- |
1,508 |
|
The Mainland of China |
-- |
7,717 |
-- |
41,261 |
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
We visited the following address, and found the subject on it. But there is no subject’s name on the address.
Address: Unit 422, 4th Floor Beverley Commercial Centre 87-105 Chatham Road T.S.T Kln., Hong Kong
Beverley Commercial Centre 87-105 Chatham Road T.S.T Kln., Hong Kong
4th Floor Beverley
Commercial Centre 87-105 Chatham Road T.S.T Kln., Hong Kong
Unit 422, 4th
Floor Beverley Commercial Centre 87-105 Chatham Road T.S.T Kln., Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.74 |
|
UK Pound |
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.