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Report No. : |
307259 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
INVISION HOLDINGS ( |
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Registered Office : |
Room 1505, Workingport Comm., Bldg., |
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Country : |
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Date of Incorporation : |
25.06.2010 |
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Com. Reg. No.: |
1473282 |
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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 Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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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 |
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Status : |
Offshore Company |
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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) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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.
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Source
: CIA |
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Company Name (in Chinese): |
願景集團(香港)有限公司 |
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Company Name (in English): |
INVISION HOLDINGS (HONG KONG) LIMITED |
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Supplied Name: |
INVISION HOLDINGS (HONGKONG) LIMITED |
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Supplied Address: |
ROOM 1505,FLOOR-15,HUA BO BUSINESS BUILDING 3 HOU FU STREET,TSIM SHA
TSUI,KOWLOO HONG KONG |
Note: The exact name is as above and the supplied address belongs to
subject’s corporate secretary.
We cannot find any operation information or
valid contact information of subject in Hong Kong according to the supplied
name.
According to the supplied address, we tried to
contact subject through the phone +852-2693-4293 which we obtained from public
files. A lady answered it and introduced that her company called Joy World
International Limited which is engaged in providing registered and accounting
service. She also confirmed the supplied address and fax number +852-2722-5099
belong to her company. But she declined to disclose any information about
subject.
From public files, we found a website www.invision.hk
may belong to subject and tried to contact subject through the phone
+86-769-8890-0888 which belongs to mainland
Subject’s registered address is that of
subject’s corporate secretary (Joy World International Limited), based on
subject’s registered files and our investigation, we consider subject as an
offshore company.
We found subject’s registered files from Hong
Kong registry, supplying as following for reference.
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Registered Name: |
|
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Registered Address: |
Room 1505,
Workingport Comm., Bldg., No.3 Hau Fook Street, T.S.T., Kowloon, Hong Kong |
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Date of Registration: |
2010-6-25 |
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Registered Number: |
1473282 |
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Business Registration No.: |
52511954 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 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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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-6-25 |
Subject was incorporated on 2010-6-25 with the
registered number 1473282 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2011-5-16 |
Invision Holdings (Hong Kong) Limited 願景集團(香港)有限公司 |
|
2010-6-25 |
Hong Kong Invision Printing Materials
Limited 香港願景印花原料有限公司 |
Subject did not register any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Yang Qiang |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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Name: |
Yang Qiang |
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Address: |
2B, Bldg 12, Fengtai Yutian Garden, Shutian
Administration Area, Humen Town, Dongguan City, Guangdong Province, China |
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Yang Qiang |
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Address: |
2B, Bldg 12, Fengtai Yutian Garden, Shutian
Administration Area, Humen Town, Dongguan City, Guangdong Province, China |
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Position: |
Director |
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ID Number: |
440922197712191732 |
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2 |
|
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Name: |
Joy World International Limited |
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Address: |
Room 1505, Workingport Comm., Bldg., No.3
Hau Fook Street, T.S.T., Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
356845 |
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E-mail: |
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Subject does not have business entity in Hong
Kong.
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 does not have business entity in Hong
Kong, thus we cannot obtain the relevant information.
Mortgage Record
No mortgage record of subject was found.
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 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.95.02 |
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Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
-- |
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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.