MIRA
INFORM REPORT
|
Report No. : |
294673.2 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEO ALLIANCE LIMITED |
|
|
|
|
Registered Office : |
Unit 328, Peninsula Centre, 67 Mody Road,
TST., |
|
|
|
|
Country : |
|
|
|
|
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Date of Incorporation : |
23.07.2004 |
|
|
|
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Com. Reg. No.: |
34770671 |
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|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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LINE OF BUSINESS : |
SUBJECT
IS A TRADER OF CHEMICALS, DIAMONDS. |
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|
|
|
No. of Employee : |
About 2 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
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|
|
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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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
|
Company Name: |
Leo Alliance
Limited |
|
Supplied Name: |
LEO ALLIANCE
LIMITED |
|
Trading Address: |
Unit 328,
Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong |
|
Supplied Address: |
328, PENINSULA
CENTRE, 67 MODY ROAD, T.S.T., KOWLOON, HONGKONG |
Note: The exact
name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 328, Peninsula Centre, 67 Mody Road,
TST., Kowloon, Hong Kong |
|
Telephone Number: |
+852-2724-0636/2723-5541 |
|
Fax Number: |
+852-2723-5542 |
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Date of Registration: |
2004-7-23 |
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Registered Number: |
913267 |
|
Business Registration No.: |
34770671 |
|
Registered Capital: |
HKD 800,000 (USD 103,200) (As of 2015.1, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 800,000 (USD 103,200) = 800,000 Shares@ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
59899--Other chemical products and preparations. |
|
Principal Activities: |
Trading of chemicals, diamonds and etc. |
|
Staff: |
|
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-7-23 |
History
Subject was incorporated on 2004-7-23 with the registered number 913267
as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Anil Bankatlal Tody |
779,999 |
97.499875% |
|
Mayank Anil Tody |
1 |
0.0125% |
|
Rashmi Anil Tody |
20,000 |
2.5% |
|
Total |
800,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Anil Bankatlal Tody |
|
Address: |
3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong |
|
2 |
|
|
Name: |
Mayank Anil Tody |
|
Address: |
3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong |
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3 |
|
|
Name: |
Rashmi Anil Tody |
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Address: |
3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Rashmi Anil Tody |
|
Address: |
3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong |
|
Position: |
Director |
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ID Number: |
R017681(7) |
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2. |
|
|
Name: |
Anil Bankatlal Tody |
|
Address: |
3K, Far East Mansion, 5-6 Middle Road, TST., Kowloon, Hong Kong |
|
Position: |
Director/Secretary |
|
ID Number: |
P743005(5) |
Personnel Structure
|
Total Employees |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 328,
Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Unit No. 328 On 3/F Peninsula Centre No.67 Mody Road Kowloon |
|
Owners: |
Tody Rashmi Anil Tody Rashmi Anil |
|
Memorial Number: |
Joint Tenant |
|
Date of Instrument: |
08051302450268 Assignment |
|
Date of Registration: |
2008-4-16 |
|
Consideration Value: |
2008-5-13 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
10020302690138 |
|
Date of Instrument: |
2010-1-14 |
|
Date of Registration: |
2010-2-3 |
|
Nature: |
Mortgage |
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In Favor of: |
Bank Of Baroda |
|
Consideration: |
All Monies |
|
2 |
|
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Memorial No.: |
05040601420013 |
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Date of Instrument: |
2005-3-15 |
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Date of Registration: |
2005-4-6 |
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Nature: |
Management Agreement |
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In Favor of: |
Guardian Property Management Limited |
|
3 |
|
|
Memorial No.: |
UB8667455 |
|
Date of Instrument: |
2002-4-17 |
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Date of Registration: |
2002-5-2 |
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Nature: |
Management Agreement |
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In Favor of: |
Guardian Property Management Limited "Manager" |
Production
Information
The subject is a trader of chemicals, diamonds and etc without any
production activities.
Purchase Information
It is introduced that subject purchases its products and etc both at home
and abroad.
It is introduced that subject imports diamonds from India.
Sales Information
The subject is mainly engaged in sales of chemicals, diamonds and etc.
Subject’s major products are raw materials of medicine, such as Acetone， Alpha Lipoic Acid and diamonds
It is introduced that subject is selling some diamonds with the GIA
certifications.
Subject’s selling territory includes Asia, Europe, America and etc.
Subject major customers are pharmaceuticals companies, manufacturers and
designers of jewelry, watch
Settlements
Purchase
Domestic Purchase
|
Products |
Chemicals |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Chemicals, diamonds |
|
Payment Terms |
T/T, L/C |
Sales
Domestic Markets
|
Product |
Chemicals, diamonds |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Chemicals, diamonds |
|
Selling Terms |
T/T, L/C |
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 Mr. Tody 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 Records
Mortgage Record
|
1 |
|
|
Company Name: |
Leo Alliance Limited |
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Instrument of Creating Mortgage: |
Charge over accounts (limited Company- Under Sea) |
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Date of Creating Mortgage: |
2004-11-15 |
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Amount Secured: |
To secure “all monies” in respect of banking facilities owing at any time
plus interest and all expenses. |
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Name and Address of Mortgagee: |
The Hong Kong and Shang Hai Banking Corporation Limited whose head
office is situated at No. 1 Queen’s Roads Central, Hong Kong |
|
Description of Property Mortgaged: |
In consideration of the Bank agreeing to grant or continuing to grant
the Banking Facilities the Chargor, as beneficial owner and by way of fixed
charge, assigns, charges and pledges the “charged Property” to Bank as a
continuing security for the due payment and satisfaction of the Secured
Moneys by the Chargor to the Bank on demand. Deposit Accounting No. : 636-454449-838 Wayfoong Gold Accounting No. : 636-454449-838 Secured Accounting No. : 636-454449-380 |
|
2 |
|
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Company Name: |
Leo Alliance Limited |
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Instrument of Creating Mortgage: |
MEMORANDUM |
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Date of Creating Mortgage: |
2007-9-3 |
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Amount Secured: |
Loan Or Credit Or Other Facilities |
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Name of Mortgagee: |
Bank Of Baroda |
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Address of Mortgagee: |
1010-12 Hong Kong Pacific Centre 28 Hankow Road, Hong Kong Fax:2938-2931 |
|
Description of Property Mortgaged: |
Distinctive No. Of Receipts: 9122-0300-0002-34 Date of Issue: 2006-11-10 Amount (USD)：66,166.84 Due Date：2007-11-8 And any other money which may from time to time being held by BOB for
account of the depositor. |
|
3 |
|
|
Company Name: |
Leo Alliance Limited |
|
Instrument of Creating Mortgage: |
MEMORANDUM |
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Date of Creating Mortgage: |
2009-6-29 |
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Amount Secured: |
Loan Or Credit Or Other Facilities |
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Name of Mortgagee: |
Bank Of Baroda |
|
Address of Mortgagee: |
1010-12 Hong Kong Pacific Centre 28 Hankow Road, tsimshaTsui, Kowloon,
Hong Kong |
|
Description of Property Mortgaged: |
Distinctive No. Of Receipts: 9122-0300-0002-34 Date of Issue: 2008-11-6 Amount (USD): 71,619.61 Due Date: 2009-11-4 Distinctive No. Of Receipts: 9122-0300-0004-93 Date of Issue: 2009-2-27 Amount (USD): 61,213.33 Due Date: Due Date |
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. Tody |
|
E-mail: |
Industry Information
59899--Other chemical products and preparations.
|
|
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
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
Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong
%2016-Feb-2015_files/image002.jpg)
Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong
%2016-Feb-2015_files/image004.jpg)
Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong
%2016-Feb-2015_files/image005.jpg)
Unit 328, Peninsula Centre, 67 Mody Road, TST., Kowloon, Hong Kong
%2016-Feb-2015_files/image007.jpg)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.14 |
|
|
1 |
Rs95.78. |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
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.