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Report No. : |
307863 |
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Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
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Name : |
NEW CAPABLE ( |
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Registered Office : |
Subject is mainly engaged in trading of
toys, sport games, daily goods, intelligent games, stationeries and promotion
gift, |
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Country : |
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Date of Incorporation : |
29.03.2006 |
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Com. Reg. No.: |
36641000 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
NOT
AVAILABLE [NOTE:
WE TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT
AVAILABLE FROM ANY SOURCES] |
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No. of Employee : |
Not Available 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 |
|
|
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 |
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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 |
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Company Name (in English): |
New Capable (Hong Kong) Industries Limited |
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Supplied Name: |
New Capable (HK) Industries Limited |
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Supplied Address: |
801-2, 8/F, Easey Commercial Building, 253-261 Hennessy Road, Wanchai |
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Credit Opinion: |
Since we
consider subject as an offshore company, thus we did not give credit rating
at present. |
We can not find any operation
information of subject through public files, and subject’s
registered address is that of subject’s secretary corporate, based on subject’s
registered files and our investigation, we consider subject as an offshore
company.
We found that
subject’s business entity is in Shantou City, Guangdong, China.
|
Address: |
6F,Yulin Building,Yuting Mid Road, Cheng Hai District Shantou City,
Guangdong, China. |
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Tel: |
+86-754-8585-6110 |
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Fax: |
+86-754-8585-9360/
8585-6010 |
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E-mail: |
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Description: |
Subject is mainly engaged in trading of toys, sport games, daily goods,
intelligent games, stationeries and promotion gift, etc. It is introduced that subject purchases its products mainly in the
mainland of China. Subject’s major products include electric toys, children’s ride on car,
slide toys, pull back toys, pull line toys, music instrument, die-cast
series, parts toys, wind up toys, dressing set, communication equipment, toy
gun, wire control toys, press toys, radio control series, baby toys,
intellectual toys, kids products, dolls, friction toys, family appliance,
decoration, beach toys, sports series, forward power toys, weapon toys,
stationary, eva series, cosmetics series, bubble series, flashing toys. Subject’s selling territory includes Asia, Europe, America and etc. Subject’s customers are department stores, supermarkets, toy stores,
schools and etc. |
We found subject’s
registered files from local registry, supplying as following for reference.
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Registered Name: |
|
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Registered Address: |
Room 801-2,
8/F., Easey commercial Building, 253-261 Hennessy Road, Wanchai, Hong Kong |
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Date of Registration: |
2006-3-29 |
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Registered Number: |
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Business Registration No.: |
36641000 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.02, 1 HKD = 0.129 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: |
2014-3-29 |
Subject was incorporated on 2006-3-29 with the
registered number 1034423 as Private Limited Liability Company in Hong Kong.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Qiao Xianbing |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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Name: |
Qiao Xianbing |
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Address: |
Qiao Wan Country, Xin Zhuang Town, Xin Ye
County, He Nan Province, China |
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Qiao Xianbing |
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Address: |
Qiao Wan Country, Xin Zhuang Town, Xin Ye
County, He Nan Province, China |
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Position: |
Director |
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Passport Number: |
G36898441 |
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Issuing Country: |
China |
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2 |
|
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Name: |
Asiapac Consultants Limited |
|
Address: |
Room 801-2, 8/F., Easey commercial Building,
253-261 Hennessy Road, Wanchai, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
458439 |
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 can not obtain the relevant information.
Mortgage Record
No mortgage of subject were 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.62.20 |
|
|
1 |
Rs.96.00 |
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Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
ANK |
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 |
-- |
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.