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Report No. : |
306349 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG RSSB
PVT LTD. |
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Formerly Known As : |
WOMAN FLOWER (QUANZHOU MERCHANT) BRAND OPERATION INT’L GROUP LTD. |
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Registered Office : |
C/o HK Zhout
Int’l Invest Consultant Ltd., Flat A32, 9/F., |
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Country : |
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Date of Incorporation : |
23.12.2009 |
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Com. Reg. No.: |
51591224 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
NOT
AVAILABLE [WE TRIED
TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE FROM
ANY SOURCES] |
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No. of Employee : |
No Employees In NOTE: It is to be noted that the
company does not have its own operating office in |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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% 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 |
with former located at:
c/o Hong Kong Shu
Shan Group Ltd.
Flat B07, 23/F.,
Hover Industries Building,
26-38 Kwai Cheong
Road, New Territories, Hong Kong.)
HONG KONG RSSB PVT
LTD.
Registered Office:-
c/o HK Zhout Int’l Invest Consultant
Ltd.
Flat A32, 9/F., Silvercorp International
Tower, 707-713 Nathan Road, Mongkok, Kowloon, Hong Kong.
Affiliated Company:
Shenzhen Kaigeshengshi Technology
Co. Ltd.
4th Floor, Building 1, Kaijieda Industrial
Park, Huaxing Road, Langkou Community, Dalang Street, Bao'an District, Shenzhen
SEZ, China.
[Mobile Phone
No.: 86-1501 9425 254
Contact
Person: Ms. Lily Yang]
51591224
1404772
23rd December,
2009.
HK$10,000.00
(As
per registry dated 23-12-2014)
|
Name |
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No. of shares |
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Sahil KANDHARI |
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10,000 ===== |
(As
per registry dated 23-12-2014)
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Name (Nationality) |
Address |
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Sahil KANDHARI |
Unit D, 24/F., Tower A, Guangdong
International Building, No. 339, Huangshi East Road, Yuexiu District,
Guangdong, China. |
(As
per registry dated 23-12-2014)
|
Name |
Address |
Co. No. |
|
HK
Zhout Int’l Invest Consultant Ltd. |
Flat A, 9/F., Silvercorp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon, Hong Kong. |
1053033 |
The
subject was incorporated on 23rd December, 2009 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Woman Flower (Quanzhou Merchant)
Brand Operation Int’l Group Ltd., name changed to the present style on 31st
May, 2013.
Formerly
the subject’s registered address was located at Flat B07, 23/F., Hover
Industries Building, 26-38 Kwai Cheong Road, New Territories, Hong Kong
where was the operating office of a commercial service provider Hong Kong Shu
Shan Group Ltd. It moved to the present
address in January 2014 as it has changed its commercial service provider since
then.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Hong Kong RSSB Pvt Ltd. was incorporated on 23rd December, 2009 as a private limited liability company.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at ‘Flat
A32, 9/F., Silvercorp International Tower, 707-713 Nathan Road, Mongkok,
Kowloon, Hong Kong’ known as ‘HK Zhout Int’l Invest Consultant Ltd.’ which is
handling its correspondences and documents.
This consultant company is also the corporate secretary of the
subject. ‘32’ is the file number of the
subject in the consultant company.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary
shares of HK$1.00 each which are wholly-owned by Mr. Sahil Kandhari who is
an India merchant. He is an India
passport holder and does not have the right to reside in Hong Kong
permanently. He is also the only
director of the subject. His registered
address is in Guangzhou City, Guangdong Province, China.
According
to your given China mobile phone number 86-1501 9425 254, we can reach a firm
known as Shenzhen Kaigeshengshi Technology Co. Ltd. [Kaigeshengshi]. The contact person is Ms. Lily Yang. Kaigeshengshi is one of the suppliers of the
subject.
Kaigeshengshi
is specialized in producing Card Readers.
Located in Shenzhen Special Economic Zone, China, its factory has been
equipped with advanced production equipment and operates under strict QC
guidelines to guarantee high-quality products.
It also receives OEM and ODM orders are welcome. The brand name of the SD Card is DVAIO. It is a kind of USB 2.0 multi-functional card
reader. The products are shipped to S.K.
Enterprises of India. This company is in
New Delhi, India. The contact person of
S.K. Enterprises is also Sahil Kandhari.
The
subject is trading in the same commodities as S.K. Enterprises.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is over five years and a month.
Since
the subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
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. 62.15 |
|
|
1 |
Rs. 94.72 |
|
Euro |
1 |
Rs. 70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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 |
|
<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.