MIRA INFORM REPORT
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Report No. : |
306904 |
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Report Date : |
11.02.2015 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG DINGFENG LIMITED |
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Registered Office : |
Room D, 27/F, Tower 1B, Oceanaire, No.18 Po Tai Street, Shatin, N.T. |
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Country : |
Hongkong |
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Date of Incorporation : |
14.07.2006 |
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Com. Reg. No.: |
36973544 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees : |
Not Available |
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 : |
Moderate |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Hongkong |
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 |
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.
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Source
: CIA |
Contact
Points
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Company Name (in English): |
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Supplied Name: |
HONGKONG DINGFENG LIMITED |
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Supplied Address: |
FLAT/RM D, 27/F, TOWER 1B, OCEANAIRE NO.18, PO TAI STREET, SHATIN NT,
HONG KONG. |
Note: The supplied address belongs to subject’s
registered address.
Special
Note
We cannot obtain any valid contact information
about subject in Hong Kong according the supplied name and address.
We made an on-site visit to the supplied
address. But there was a private residential area and we didn’t allow to enter.
In this situation, we cannot confirm whether subject located at the address.
Up to the date of report, we failed to find
subject, if you kindly supply further information such as current telephone
number, we’d like to continue our investigation.
We found the registration information of
subject from local registry, supplying as follows for reference.
Company
Identification Details
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Registered Name: |
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Registered Address: |
Room D, 27/F,
Tower 1B, Oceanaire, No.18 Po Tai Street, Shatin, N.T., Hong Kong |
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Date of Registration: |
2006-7-14 |
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Registered Number: |
1059482 |
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Business Registration No.: |
36973544 |
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Paid-up Capital: |
HKD 2,000 (USD
258) = 2,000 Shares@ HKD 1 (As of 2015.02, 1 HKD = 0.1290 USD) |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-7-14 |
Note: Since we can’t
get in touch with subject, the principal activities and staff number are not
available from any sources.
History
Subject was incorporated on 2006-7-14 with the
registered number 1059482 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
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Subscription Shares |
Proportion of Investment (%) |
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Liang Ziyi |
2,000 |
100% |
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Total |
2,000 |
100% |
Major Shareholder Information:
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Name: |
Liang Ziyi |
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Address: |
No.16, Cundong Lane 4, Sanxi Xiadong
Village, Leping Town, Sanshui District, Foshan City, Guangdong Province,
China |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Liang Ziyi |
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Address: |
No.16, Cundong Lane 4, Sanxi Xiadong
Village, Leping Town, Sanshui District, Foshan City, Guangdong Province,
China |
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Position: |
Director |
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ID Number: |
440683197104072613 |
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2 |
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Name: |
JBL Secretary Services Limited |
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Address: |
Room 2108, 21/F., C. C. Wu Building, 302-308
Hennessy Road, Wanchai, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
665319 |
Operation
Information
Offices &
Factories
We cannot confirm subject’s current trading address
at this stage.
Operation
Information
From public files, we found subject may be a
trader of lighting products, etc. Since we didn’t get in touch with subject,
the relevant information cannot be confirmed by any other 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.
Since we didn’t get in touch with subject, the
financial information is not available from any sources.
Bankers
Since we didn’t contact subject successfully,
the bank information is not available from any sources.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
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High Court Action: |
Clear |
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High Court Baukufty Bankruptcy Proceedings: |
Clear |
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High Court Commercial Action: |
Clear |
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High Court Construction & Arbitration
Proceedings: |
Clear |
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High Court Companies Winding-Up: |
Clear |
Attachment
Oceanaire, No.18 Po Tai Street, Shatin, N.T.,
Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.96 |
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|
1 |
Rs.94.41 |
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Euro |
1 |
Rs.70.20 |
INFORMATION DETAILS
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Analysis Done by
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RAS |
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Report Prepared
by : |
NIT |
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.