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Report No. : |
303840 |
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Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
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Name : |
B2B INTERNATIONAL LTD. |
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Registered Office : |
C/o Hongkong Kamkiu Registration Ltd. Room 603, 6/F., Hang Pont Commercial Building, 31 Tonkin Street,
Cheung Sha Wan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.06.2014 |
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Com. Reg. No.: |
63439701 |
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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 : |
No Employee in Hong Kong 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 : |
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 : |
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
|
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 |
B2B INTERNATIONAL
LTD.
Registered
Office:-
C/o Hongkong Kamkiu Registration Ltd.
Room 603, 6/F., Hang Pont Commercial Building, 31 Tonkin Street, Cheung
Sha Wan, Kowloon, Hong Kong.
[Tel: 852-3585 7483; Fax:
852-3585 7491]
63439701
2106422
9th June, 2014.
HK$10,000.00
(As per registry dated 09-06-2014)
|
Name |
|
No. of shares |
|
WANG Lin |
|
5,000 |
|
Ashish Kishor MEHTA |
|
5,000 |
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|
|
–––––– |
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Total: |
10,000 ===== |
(As per registry dated 09-06-2014)
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Name (Nationality) |
Address |
|
Ashish Kishor MEHTA |
Room 204, No. 4, Dong Yuan One Street, Chancheng District, Foshan
City, Guangdong Province, China. |
|
WANG Lin |
Room 204, No. 4, Dong Yuan One Street, Chancheng District, Foshan
City, Guangdong Province, China. |
(As per registry dated 09-06-2014)
|
Name |
Address |
Co. No. |
|
Hongkong Kamkiu Registration Ltd. |
Room 603, 6/F., Hang Pont Commercial Building, 31 Tonkin Street,
Cheung Sha Wan, Kowloon, Hong Kong. |
1250522 |
B2B International Ltd. was incorporated on 9th June, 2014 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 603, 6/F., Hang Pont Commercial Building, 31
Tonkin Street, Cheung Sha Wan, Kowloon, Hong Kong known as Hongkong Kamkiu
Registration Ltd. which is handling its correspondences and documents. This 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 of which are equally-owned by
Ms. Wang Lin and Mr. Ashish Kishor Mehta.
The former is a China merchant while the latter is an India
merchant. They are also directors of the
subject.
Wang Lin is a China ID holder while Ashish Kishor Mehta is an India
passport holder. Both do not have the
right to reside in Hong Kong permanently.
We can reach Mr. Ashish Kishor Mehta at your given Hong Kong mobile
phone number 852-6646 6471. However,
this line has been transferred to a China line.
According to A K Mehta, Ms. Wang Lin is his business partner. Most of the time he is residing in Foshan
City, Guangdong Province, China. The
subject is trading in the following products:-
The subject’s main office is in Foshan City Guangdong Province,
China. The China office has six
employees.
According to A K Mehta, Ms. Wang Lin in China is familiar with a number
of product manufacturers and suppliers.
The subject is able to supply any commodities as far as it has got
customers in India or other countries.
A K Mehta is friendly and co-operative.
The subject’s e-mail address is b2bhkt@gmail.com. Its business is still under development.
The subject has been banking with The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong.
The subject’s business in Hong Kong is not very active. History in Hong Kong is just over 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
or in small credit amounts.
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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.