MIRA
INFORM REPORT
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Report No. : |
302717 |
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Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
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Name : |
LEDGREAT INDUSTRY CO., LIMITED |
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Registered Office : |
Unit B, 06 Rm., 29F, Legend Tower, 7 Shing
Yip St., Kwung Tong, Kowloon |
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Country : |
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Date of Incorporation : |
03.06.2010 |
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Com. Reg. No.: |
52383652 |
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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 |
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 : |
Moderate |
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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 (in Chinese): |
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Company Name (in English): |
Ledgreat Industry Co., Limited |
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Supplied Name: |
Ledgreat Industry Co Limited |
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Supplied Address: |
RM 505 5/F BLK B Kai Tin Bldg 61-63 Kai
Tin Rd, Lam Tin Kln |
Note: The exact name is as above.
Credit Summary
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Credit Opinion: |
Special Note
We cannot obtain any operation or contact information of the subject from
public files according to the supplied name.
We visited the supplied address, and found it belongs to the residential
area. There is no company name on the wall, and we tried to knock the door but
no one answered it.
We tried to contact the subject through the supplied number
+852-30717838, and a man named Mr. Li answered the phone said his company name
is Brison International Business (HK) Limited, which
is subject’s company secretary. He said the subject is the customer of his
company but declined to disclose any other information.
According the supplied address, we found a telephone number
+86-755-28185745 from public files, which belongs to the Mainland of China. We
contacted the number and a lady answered the phone confirmed she knows the
subject. She said the subject has no sales office in Hong Kong and if there is
any business can contact her company (Shenzhen LEDGreat
Lighting Technology Co., Limited) in the Mainland of China directly. She also
introduced that the supplied address is only for accounting and financial
services for the subject and her company in the Mainland of China, but declined
to disclose any other information. She also introduced that her company in the
Mainland of China is engaged in sale of lighting products such as LED, etc.
Update to date of reporting, we failed to get in touch with subject. 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: |
Unit B, 06 Rm., 29F, Legend Tower, 7 Shing Yip St., Kwung Tong, Kowloon,
Hong Kong |
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Date of Registration: |
2010-6-3 |
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Registered Number: |
1464385 |
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Business Registration No.: |
52383652 |
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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: |
2014-6-3 |
Notes:
Since
we didn’t find subject, the principal activities and staff number are not
available from any sources.
History
Subject was incorporated on 2010-6-3 with the registered number 1464385 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
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Subscription
Shares |
Proportion of
Investment (%) |
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|
Wei Qianchu |
10,000 |
100% |
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Total |
10,000 |
100% |
Major
Shareholder Information:
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Name: |
Wei Qianchu |
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Address: |
Rm. 602, 19#, Yingshui Shanzhuang
One, Minzhi St., Bao An
Dist., Shenzhen City, Guangdong Province, China. |
Management Information
Core
Management
Detailed
Information of Directors:
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1 |
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Name: |
Wei Qianchu |
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Address: |
Rm. 602, 19#, Yingshui Shanzhuang
One, Minzhi St., Bao An
Dist., Shenzhen City, Guangdong Province, China. |
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Position: |
Director |
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ID Number: |
452133198107180326 |
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2 |
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Name: |
Brsion International
Business (HK) Limited |
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Address: |
Unit B, 06 Rm., 29F, Legend Tower, 7 Shing
Yip St., Kwung Tong, Kowloon,
Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1722671 |
Operation Information
Offices
& Factories
We cannot confirm subject current trading
address at this stage.
Operation
Information
From public files, we cannot obtain any
operation information of the subject. Since we did not get in touch with the
subject the information cannot be obtained from any source.
From public files, we found subject’s related
company in the Mainland of China which is engaged in sale of lighting products
such as LED, etc.
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.
Since we didn't get in touch with subject, the relevant information is not available from any sources.
Bankers
Since we didn't get in touch with subject, the bank information is not available from any sources.
Public
Mortgage
Record
No mortgage record of the 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
Address: RM 505 5/F
BLK B Kai Tin Bldg 61-63 Kai Tin Rd, Lam Tin, Kowloon,
Hong Kong
Kai Tin Bldg 61-63
Kai Tin Rd, Lam Tin, Kowloon, Hong Kong
BLK B Kai Tin Bldg 61-63 Kai Tin Rd, Lam Tin, Kowloon, Hong Kong
RM 505 5/F BLK B Kai Tin Bldg 61-63 Kai Tin Rd, Lam Tin, Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.89 |
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|
1 |
Rs.93.92 |
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Euro |
1 |
Rs.72.00 |
INFORMATION DETAILS
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Analysis Done by
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RSM |
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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.