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Report No. : |
302938 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ORIENTLINK (HONG KONG) LTD. |
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Registered Office : |
Room 2902, 29/F., Pacific Plaza, 410 Des Voeux Road West |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.04.2002 |
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Com. Reg. No.: |
32677043 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Chemical & Petrochemical Products, Mineral Items, Building Materials, Steel & Metals, Agricultural Products |
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No. of Employee : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
ORIENTLINK (HONG
KONG) LTD.
ADDRESS: Room 2902, 29/F., Pacific Plaza,
410 Des Voeux Road West, Hong Kong.
PHONE: 852-2857 6230, 9040 5074
FAX: 852-2858
7995, 2857 6122
E-MAIL: jamshed@hkstar.com
orientlinkhkl@yahoo.com
orientlinkhk@incnets.com
Managing Director: Ms. Sabina
Fatima
Incorporated on: 22nd April, 2002.
Organization: Private Limited
Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer,
Exporter and Wholesaler.
Annual Turnover: HK$40-50 million.
Employees: 4.
Main Dealing Banker: HBZ
Finance Ltd., Hong Kong.
Banking Relation: Satisfactory.
ORIENTLINK (HONG
KONG) LTD.
Registered Head Office:-
Room 2902, 29/F., Pacific Plaza, 410 Des Voeux Road West,
Hong Kong.
32677043
0794581
Managing Director: Ms. Sabina
Fatima
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry
dated 22-04-2014)
|
Name |
|
No. of shares |
|
Syed Mohammod Abdullah Ibne HAFIZ |
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46,000 |
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Sabina FATIMA |
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47,500 |
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Syed Azizul HAFIZ |
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6,500 |
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––––––– |
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Total: |
100,000 ====== |
(As per registry
dated 22-04-2014)
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Name (Nationality) |
Address |
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Sabina FATIMA |
Flat E, 8/F., Tower 21, Mei Chun Court (South Horizons), 21 South
Horizon Drive, Hong Kong. |
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Syed Mohammod Abdullah Iben HAFIZ |
Flat E, 8/F., Tower 21, Mei Chun Court (South Horizons), 21 South
Horizon Drive, Hong Kong. |
(As per registry
dated 22-04-2014)
|
Name |
Address |
Co. No. |
|
Saferich Secretarial Ltd. |
Room 1311, 13/F., Olympia Plaza, 255 King’s Road, North Point,
Hong Kong. |
0812578 |
The subject was incorporated on 22nd April, 2002 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Chemical &
Petrochemical Products, Mineral Items, Building Materials, Steel & Metals,
Agricultural Products, etc.
Employees: 4.
Commodities Imported: Pakistan, India,
Egypt, Kazakhstan, other Asian countries, etc.
Markets: Asian
countries, Europe, etc.
Annual Turnover: HK$40-50
million.
Terms/Sales: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$100,000.00
(Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
Mortgage or Charge: (See attachment)
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a
satisfactory manner.
Facilities: Making rather
active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: HBZ Finance Ltd., Hong Kong.
Standing: Normal.
Having issued 100,000 ordinary shares of HK$1.00 each, Orientlink
(Hong Kong) Ltd. is jointly owned by Mr. Syed Mohammod Abdullah Ibne
Hafiz, holding 46.0% interests; Ms. Sabina Fatima, holding 47.5%; and
Mr. Syed Azizul Hafiz, 6.5%. The
first and second are also directors of the subject. Both are Hong Kong ID Card holders and have
got the right to reside in Hong Kong permanently.
The subject is a trading service company based in Hong Kong. It has been able to serve diverse industries
with quality products that include Chemicals and Petrochemicals Products,
Building Materials, Steel, Mineral Items, Machinery & Spare Parts and Food
Grains.
The followings are the main products carried by the subject:
Industrial Products
Building Materials
Plywood;
Cement (including cement clinker)
Other Products; &
Steel & Metals.
Chemical & Petrochemical Products (Soda ash, phosphoric acid, fatty
acid);
Machinery & Turnkey Projects;
Fertilizers;
Mineral Items;
Agriculture Products
Food Grains such as Rice, Wheat;
Edible Oils;
Fertilizers; &
Other Agro Products.
The subject is significant for its Kazakhstan wheat, Egyptian
fertilizers, Pakistan wheat, Chinese garlic, etc. Prime markets are China and the other Asian
countries.
The subject has secured significant number of business with certain
large companies and Government bodies both in Hong Kong and abroad. Business keeps on improving.
The subject is providing supports for the full range of activities
associated with commodities trading, transportation and logistics. It now has set up representative offices in
mainland China and Dhaka of Bangladesh.
The business of the subject is chiefly handled by Sabina Fatima and Syed
Mohammod Abdullah Iben Hafiz.
As the history of the subject is over twelve years and eight months in
Hong Kong, on the whole, consider it good for normal business engagements.
|
Date |
Particulars |
Amount |
|
07-12-2004 |
Instrument: Lien
and Set-Off Agreement Property: Fixed Deposit DFN6121294 07-12-2004 US$26,000.00 07-03-2005 Mortgagee: HBZ
Finance Ltd., Hong Kong. |
Loans, credit financial accommodation and facilities |
|
07-09-2006 |
Instrument: Lien
and Set-Off Agreement Property: Fixed Deposit DFN8091414 22-09-2006 US$14,000.00 22-12-2006 Mortgagee: HBZ
Finance Ltd., Hong Kong. |
Loans, credit financial accommodation and facilities |
|
20-01-2009 |
Instrument: Lien
and Set-Off Agreement Property: Fixed Deposit DFN0122226 29-12-2008 US$43,212.19 30-03-2009 DFN0122116 10-12-2008 US$29,405.60 10-03-2009 DFN0122147 12-12-2008 US$41,045.80 12-03-2009 Mortgagee: HBZ
Finance Ltd., Hong Kong. |
Loans, credit financial accommodation and facilities |
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11-08-2010 |
Instrument: Lien
and Set-Off Agreement Property: Fixed Deposit DFN2060956 17-06-2010 US$14,071.26 17-09-2010 Mortgagee: HBZ
Finance Ltd., Hong Kong. |
Loans, credit financial accommodation and facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.75 |
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|
1 |
Rs.94.01 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
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KRN |
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Report Prepared
by : |
DPT |
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.