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Report No. : |
308088 |
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Report Date : |
26.02.2015 |
IDENTIFICATION DETAILS
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Name : |
KLEADER (HONGKONG) INTERNATIONAL GROUP CO. LTD. |
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Registered Office : |
c/o Hong Kong Daiyan Registrations Ltd. Room 01, 21/F., Prosper Commercial Building, 9 Yin Chong Street,
Mongkok, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.07.2011 |
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Com. Reg. No.: |
58599025 |
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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 : |
No employees in Hong Kong. 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. |
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 |
KLEADER (HONGKONG)
INTERNATIONAL GROUP CO.
LTD.
(Formerly located at:
c/o TN Lui & Co.
Room 1612, 16/F., Tai Yau Building,
181 Johnston Road, Wanchai, Hong Kong.)
Registered
Office:-
c/o Hong Kong Daiyan Registrations Ltd.
Room 01, 21/F., Prosper Commercial Building, 9 Yin Chong Street,
Mongkok, Kowloon, Hong Kong.
Associated
Companies:-
Zhangjiagang Free Trade Zone Kleader Trading Co. Ltd., China.
Zhangjiagang Free Trade Zone Drow New Material Science & Technology
Co. Ltd.
South Gang'ao Road, Free Trade Zone, Zhangjiagang City, Suzhou, Jiangsu,
China Suzhou Jiangsu 215434 China.
[Tel: 86-512-80150502; Fax: 86-512-80150505]
58599025
1624930
4th July, 2011.
HK$10,000.00
(As per registry dated 04-07-2014)
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Name |
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No. of shares |
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ZHANG Yihong |
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10,000 ===== |
(As per registry dated 04-07-2014)
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Name (Nationality) |
Address |
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ZHANG Yihong |
99 Luixia, Luixia Village, Xinqiao Town, Yangyin City, Jiangsu
Province, China. |
(As per registry dated 04-07-2014)
|
Name |
Address |
Co. No. |
|
Hong Kong Daiyan Registrations Ltd. |
Room 01, 21/F., Prosper Commercial Building, 9 Yin Chong Street,
Mongkok, Kowloon, Hong Kong. |
0952329 |
The subject was incorporated on 4th July, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Room 1612,
16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong where was the
operating office of an accountant company known as TN Lui & Co. It moved to the present address in July 2013
as it has changed its commercial service provider since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Kleader (Hongkong) International Group Co. Ltd. was incorporated on
4th July, 2011 as a private limited liability company under the Hong Kong
Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Room 01, 21/F., Prosper Commercial Building, 9 Yin
Chong Street, Mongkok, Kowloon, Hong Kong’ known as ‘Hong Kong Daiyan
Registrations Ltd.’ which is handling its correspondences and documents. This secretarial company is also the
corporate secretary of the subject.
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. Zhang
Yihong. He is a China ID holder and does
not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject has got an associated company in China known as Zhangjiagang
Free Trade Zone Kleader Trading Co. Ltd. [Kleader] which was set up in
2006. Your given phone and fax number
86-512-80150502 and
86-512-80150505 respectively belong to Kleader.
Kleader is trading in the following products:-
1). Copolymer coated steel tape;
2). Copolymer coated aluminium tape;
3). Laminated aluminium foil (Al-PET, Al-PET-Al, Al-PET-AL-EAA);
4). Laminated copper foil (Cu-PET, Cu-PET-Cu, Cu-PET-Cu-EAA);
5). Galvanized Steel;
6). Tinplate;
7). Tin Free Steel (ECCS); &
8). Prepainted Galvanized Steel (PPGI).
Most of the products bear the brand name Kleader. About 60 to 70% of
the products are exported to foreign countries.
Prime markets are North & South America, Eastern and Western Europe,
Southeast Asia, Oceania, the Middle East, Japan, etc. The contact person of Kleader is Mr. Anthony
Lu.
The subject’s business in Hong Kong is not active. History in Hong Kong is over three years and
seven months.
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.62.05 |
|
|
1 |
Rs.96.05 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
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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 |
|
-- |
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.