MIRA INFORM REPORT
|
Report No. : |
329178 |
|
Report Date : |
01.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
YAU BOON HONG |
|
|
|
|
Registered Office : |
Flat A, 2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung Wan |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
29.09.1999 |
|
|
|
|
Com. Reg. No.: |
30394661 |
|
|
|
|
Legal Form : |
Sole Proprietorship |
|
|
|
|
Line of Business : |
Trading of Marine Products. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONGKONG - 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 12.5% of total system deposits in Hong
Kong by the end of 2014. 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 47.3 million
in 2014, 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 2014 mainland Chinese companies constituted about 50% of the
firms listed on the Hong Kong Stock Exchange and accounted for about 60.1% 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
4.4% in 2014. 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 2014, Hong Kong and China signed a new agreement on achieving basic
liberalization of trade in services in Guangdong Province under the Closer
Economic Partnership Agreement, adopted in 2003 to forge closer ties between
Hong Kong and the mainland. The new measures, effective from March 2015, cover
a negative list and a most-favored treatment provision, and will improve access
to the mainland's service sector for Hong Kong-based companies.
|
Source
: CIA |
Contact
Points
|
Company Name (in English): |
Yau Boon Hong |
|
Supplied Name: |
YAU BOON HONG |
|
Trading Address: |
Flat A, 2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung
Wan, Hong Kong |
|
Supplied Address: |
Flat A 2nd Floor Sing Kui Commercial Building 27 Des Voeux Road West |
Note: The exact name
and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat A, 2F, Sing Kui Commercial Building,
27 Des Voeux Rd. West Sheung Wan, Hong Kong |
|
Telephone Number: |
+852-2819-6888/2818-9668 |
|
Date of Registration: |
1999-9-29 |
|
Business Registration No.: |
30394661 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Sole Proprietorship |
|
SITC Code: |
03418--Other Fish, Fresh Or Chilled, Not
Minced And Not In Fillets (Excluding Livers And Roes) (KG) |
|
Principal Activities: |
Trading of marine products. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Notes: We cannot obtain
the registered capital for the company with the legal form of Sole
Proprietorship.
Subject declined to disclose the number of
staff, and from other source we cannot obtain the information, either.
History
Subject was incorporated on 1999-9-29 with the
business registered number 30394661 as Sole Proprietorship in Hong Kong
Corporate
Structure
Subject did not register any subsidiaries or branches; from
other source we could not obtain the relevant information, either.
Owner
|
Name: |
Sze Yan Hung |
|
Address: |
Flat B, 9F, Kam Shan Mansion, Tai Koo Shing,
HK |
|
Position: |
Owner |
|
ID Number: |
E3565495 |
|
Date of Incoming: |
1999-9-29 |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Flat A, 2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung
Wan, Hong Kong |
Premises Information
Office address:
|
Address: |
The Whole Of Second Floor Sing Kui
Commercial Building No. 27 Des Voeux Road West Hong Kong |
|
Owners: |
Li Pak Wing |
|
Memorial Number: |
UB2104984 |
|
Date of Instrument: |
1981-3-23 |
|
Date of Registration: |
1981-6-26 |
|
Consideration Value: |
HKD 3,045,227.00 (PT.) |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
10041300480100 |
|
Date of Instrument: |
2010-3-4 |
|
Date of Registration: |
2010-4-13 |
|
Nature: |
Order No. DBZ/U04-01/0001/09 By The
Building Authority Under Section 26 Of The Buildings Ordinance |
|
2 |
|
|
Memorial No.: |
10030902780252 |
|
Date of Instrument: |
2010-2-26 |
|
Date of Registration: |
2010-3-9 |
|
Nature: |
G.N. No. 1050 Dated 26.2.2010 Under
Railways Ordinance (Chapter 519) |
|
3 |
|
|
Memorial No.: |
10030902780236 |
|
Date of Instrument: |
2010-2-26 |
|
Date of Registration: |
2010-3-9 |
|
Nature: |
G.N. No. 1046 Dated 26.2.2010
Under Railways Ordinance (Chapter 519) |
Production Information
Subject is engaged in trading of marine
products, etc. without any production activities.
Purchase Information
Subject’s products are mainly purchased from
abroad.
Sales Information
Subject is engaged in sale of marine products,
etc.
The major products sold by the subject are
shark, shark fin, fin, fish, fish maws, etc.
The major sales regions of the subject are
domestic market, Japan, Korea, Singapore, Southeast Asia, etc.
Subject’s major clients are restaurants,
manufacturers of marine products, etc.
Settlements
PURCHASE
Domestic Purchase
Subject has little domestic purchase.
Import
|
Products |
Marine products, etc. |
|
Payment Terms |
L/C, T/T, etc. |
SALES
Domestic Markets
|
Product |
Marine products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Marine products, etc. |
|
Selling Terms |
L/C, T/T, 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.
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 the subject was found.
Lawsuits
Up to now, no present or latent litigation
of the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Special
Note
Interview Details
|
Name |
Mr. Sze |
|
Department: |
Industry
Information
03418--Other Fish, Fresh or Chilled, Not Minced
and Not In Fillets (Excluding Livers and Roes) (KG)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
France |
11,682 |
1,734 |
58,840 |
8,864 |
|
Indonesia |
6,100 |
729 |
31,440 |
3,103 |
|
India |
23,656 |
515 |
374,863 |
8,155 |
|
Italy |
983 |
123 |
6,471 |
948 |
|
Japan |
134,132 |
20,444 |
584,365 |
92,755 |
|
Korea |
783 |
75 |
10,347 |
4,265 |
|
Philippine |
43,693 |
4,215 |
140,712 |
12,786 |
|
Thailand |
12,680 |
889 |
51,120 |
3,643 |
|
USA |
108,294 |
2,399 |
541,504 |
11,525 |
|
The Mainland of China |
772,722 |
6,566 |
3,858,430 |
43,225 |
|
Exports |
||||
|
Canada |
1,800 |
44 |
9,491 |
239 |
|
Macau |
798 |
166 |
3,188 |
567 |
|
USA |
450 |
16 |
22,144 |
373 |
|
Vietnam |
107,000 |
1,000 |
212,000 |
2,461 |
|
The Mainland of China |
-- |
-- |
1,667 |
87 |
External Trade Information:
External Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year % change of Total exports |
Merchandise trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures have been rounded to the nearest final digit after
summing up the constituent trade figures.
Attachment
Address: Flat A, 2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West
Sheung Wan, Hong Kong
Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung Wan, Hong
Kong
2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung Wan, Hong
Kong
Flat A, 2F, Sing Kui Commercial Building, 27 Des Voeux Rd. West Sheung
Wan, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.75 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.71.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>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 |
|
|
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 |
|
|
<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.