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Report No. : |
302707 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG WINNER STEEL CO., LIMITED |
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Registered Office : |
Rm. 905, |
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Country : |
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Date of Incorporation : |
05.09.2014 |
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Com. Reg. No.: |
63793513 |
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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 Employees : |
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 Business |
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Payment Behaviour : |
-- |
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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
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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: |
HONGKONG WINNER
STEEL CO., LIMITED |
|
Supplied Name: |
HONG KONG WINNER
STEEL CO LIMITED |
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Supplied Address: |
Unit 905 Workingberg Commercial Building 41-47 Marble Road |
Note: The exact name and address are as above.
We cannot obtain any operation or contact information of the subject from public files according to the supplied name.
As the supplied address, which is also subject’s registered address is that of subject’s corporate secretary (Desn Business (HK) Co., Ltd.), we cannot obtain any information of the subject according to it.
We tried to contact the subject through the supplied telephone number (+86- 757-8669-5761), Mr. Liu answered the phone said his company is the subject and introduced that the subject is only registered in Hong Kong and does not have any office. He also introduced that the operational entity of the subject is in the Guangdong Province of the Mainland of China. The detail information is as follows:
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Name: |
Foshan Jinhai Huihuang Stainless Steel Co., Ltd. (Literal Translation) |
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Address: |
Block A, Shishan Technology and Science Park, Nanhai Dist., Foshan, Guangdong Province, China |
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Telephone Number: |
+86-757-8669-5761/+86-136-797-04874 |
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Contact Person: |
Mr. Liu and Mr. Huang |
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Principal Activities: |
Manufacturing and sale of stainless steel products. The major products include stainless steel tubes and stainless steel volumes, etc. It is introduced that the company has three factories in Guangdong Province of the Mainland of China. The company has obtained the certification of ISO 9000 and ISO 9001. |
Based on subject’s registered files and our investigation, we consider subject as an offshore company.
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: |
Rm. 905, Workingberg Commercial Building, 41-47, Marble Rd., Hong Kong |
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Date of Registration: |
2014-9-5 |
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Registered Number: |
2141597 |
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Business Registration No.: |
63793513 |
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Registered Capital: |
HKD 10,000 (USD 1,290) (As of 2015.1, 1 HKD = 0.129 USD) |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 |
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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: |
-- |
Subject was incorporated on 2014-9-5 with the registered number 2141597 as Private Limited Liability Company in Hong Kong.
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
|
Subscription Shares |
Proportion of
Investment (%) |
|
|
Zhang Gong Yi |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder
Information:
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Name: |
Zhang Gong Yi |
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Address: |
Blockerear, 2F, 48 Tung Choi Street, Mong Kok Kowloon, HK |
Core Management
Detailed Information
of Directors:
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1 |
|
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Name: |
Zhang Gong Yi |
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Address: |
Blockerear, 2F, 48 Tung Choi Street, Mong Kok Kowloon, HK |
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Position: |
Director |
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ID Number: |
362401198212300530 |
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2 |
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Name: |
Desn Business (HK) Co., Ltd. |
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Address: |
Rm. 905, Workingberg Commercial Building, 41-47, Marble Rd., Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1781744 |
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 cannot obtain the relevant information.
Mortgage Record
No mortgage record of the subject was 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.61.89 |
|
|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.