MIRA INFORM REPORT
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Report No. : |
302162 |
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Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
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Name : |
MAFII IMPEX LIMITED |
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Registered Office : |
Unit F2-23, 9/F, Hang Fung Industrial Building
Phase 2, 2G Hok Yuen Street, Hung Hom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
12.06.2014 |
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Com. Reg. No.: |
2107977 |
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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 : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
-- |
NB |
New Business |
-- |
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Status : |
New 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 – September 30, 2014
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Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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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.
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Source
: CIA |
Contact Points
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Company Name: |
MAFII IMPEX LIMITED |
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Supplied Name: |
MAFII IMPEX LIMITED |
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Trading Address: |
Unit F2-10, 9/F, Hang Fung Industrial Building, Phase 2, 2G Hok Yuen
Street, Hung Hom, Kowloon, Hong Kong |
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Supplied Address: |
Unit F2-10, 9/F, Hang Fung Industrial Building, Phase 2, 2G Hok Yuen
Street, Hung Hom, Kowloon |
Note: The exact name and
address are as above.
Special Note
We cannot obtain any operation or contact
information of the subject from public files according to the supplied name or
address.
We visited the supplied address and found the
subject located on it. We tried to obtain some information from the relevant
staff, but they declined to disclose any information for confidential reasons.
Update to date of reporting, we failed to get
subject’s operation information. If you can supply further information such as
current telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
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Date of Registration: |
2014-6-12 |
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Registered Number: |
2107977 |
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Business Registration No.: |
63455371 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD
1 (As of 2015.1, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
-- |
Notes: Subject declined to disclose the principal
activities and staff number, and from other source we cannot obtain the
information, either.
History
Subject was incorporated on 2014-6-12 with the
registered number 2107977 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Avastl, Vijay Dalpatlal |
10,000 |
10,000 |
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Total |
100% |
100% |
Major Shareholder Information:
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Name: |
Avastl, Vijay Dalpatlal |
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Address: |
Flat 4, 3/F., Lok Wing Building, Whampoa
Estate, 55 Man Tai Street, Hung Hom, Kowloon, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Avastl, Vijay Dalpatlal |
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Address: |
Flat 4, 3/F., Lok Wing Building, Whampoa
Estate, 55 Man Tai Street, Hung Hom, Kowloon, Hong Kong |
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Position: |
Director |
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ID Number: |
R703687(5) |
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2 |
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Name: |
Champion Corporate Limited |
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Address: |
Unit 907, 9F., Silvercord Tower 2, 30 Canton
Road, Tsim Sha Tsui, Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
657221 |
Operation Information
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Office |
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Address: |
Unit F2-10, 9/F, Hang Fung Industrial Building, Phase 2, 2G Hok Yuen
Street, Hung Hom, Kowloon |
Premises Information
Office address:
|
Address: |
Work Shop F2 On 9th Floor Hang Fung Industrial
Building Phase 2 No.2G Hok Yuen Street Kowloon |
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Owners: |
Lampton International Limited |
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Memorial Number: |
UB6461389 |
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Date of Instrument: |
1995-11-4 |
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Date of Registration: |
1995-12-2 |
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Consideration Value: |
HKD 3,500,000.00 |
History of Premises Owners’
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1 |
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Memorial No.: |
UB1841058 |
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Date of Instrument: |
1980-1-8 |
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Date of Registration: |
1980-3-10 |
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Nature: |
Deed Of Mutual Covenant |
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In Favor of: |
-- |
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2 |
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Memorial No.: |
UB1815907 |
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Date of Instrument: |
1980-1-12 |
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Date of Registration: |
1980-1-21 |
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Nature: |
Agreement To Surrender Of Sec. M With Plan |
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In Favor of: |
The Registrar General (Land Officer) |
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3 |
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Memorial No.: |
UB1674609 |
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Date of Instrument: |
1979-2-16 |
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Date of Registration: |
1979-3-19 |
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Nature: |
Deed Of Mutual Grant Of Rights And Easements
With Plan |
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In Favor of: |
Chun Ming Investment Company Limited |
Operation Information
We cannot obtain any operation or contact information
of the subject from public files. Since the subject declined to disclose the
information, we cannot obtain the information from any other sources.
Settlements
Subject declined to disclose the detail
information of settlements, and it is introduced that the details of
settlements are to be negotiated.
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 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
Mortgage Record
No mortgage record of subject was found.
Lawsuits
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 |
Attachment
Hang Fung Industrial Building, Phase 2, 2G Hok Yuen Street, Hung Hom,
Kowloon
Unit F2, 9/F, Hang Fung Industrial Building, Phase 2, 2G Hok Yuen
Street, Hung Hom,
Kowloon
Unit F2-10, 9/F, Hang Fung Industrial Building, Phase 2, 2G Hok Yuen
Street, Hung Hom, Kowloon
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.94.17 |
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Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.