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Report No. : |
331146 |
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Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
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Name : |
ALFRED NOBEL OPEN
BUSINESS SCHOOL LTD. |
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Registered Office : |
C/o Korchina TNC Ltd., Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road, Tsimshatsui, Kowloon |
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Country : |
Hongkong |
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Date of Incorporation : |
23.02.2012 |
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Com. Reg. No.: |
59445465 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is an institution offering students with open programs. |
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No. of Employees : |
No Employees in Hong Kong. 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. |
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 : |
No Operating Office in Hongkong |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Hongkong |
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 |
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 |
ALFRED
NOBEL OPEN BUSINESS SCHOOL LTD.
Registered Office:-
c/o Korchina TNC Ltd.
Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road,
Tsimshatsui, Kowloon, Hong Kong.
59445465
1709134
23rd February, 2012.
HK$1,000,000.00
(As per registry dated 23-02-2015)
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Name |
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No. of shares |
|
Georges SUHA |
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1,000,000 ======= |
(As per registry dated 23-02-2015)
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Name (Nationality) |
Address |
|
Georges SUHA |
Budapest Nagyszalonta Utca 15, 1118, Hungary. |
(As per registry dated 23-02-2015)
|
Name |
Address |
Co. No. |
|
Korchina TNC Ltd. |
Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody
Road, Tsimshatsui, Kowloon, Hong Kong. |
0846604 |
HK$30,000
(Total amount outstanding on all mortgages and charges as
per last Annual Return dated 23-02-2015)
Date of Security Over Deposits with the Bank (Fixed
Deposits):
11-01-2013
Amount: (i)
all monies in any currency; (ii)
interest on such monies; and (iii) all expenses of the chargee in perfecting or
enforcing the charge and recovering any indebtedness of the Depositor
Property: One
or more time deposit of any nature of duration of the Company with the chargee
in the amount of HK$30,000 deposit A/C No. 817-588247 (0001)
Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Alfred Nobel Open
Business School Ltd. was incorporated on 23rd February, 2012 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 ‘Unit 706, 7/F.,
South Seas Centre, Tower 2, 75 Mody Road, Tsimshatsui, Kowloon, Hong Kong’
known as ‘Korchina TNC Ltd.’ which is handling its correspondences and
documents. This secretarial 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 1 million ordinary
shares of HK$1.00 each which are wholly-owned by Mr. Georges Suha.
He is a France
passport holder and does not have the right to reside in Hong Kong
permanently. He is also the only
director of the subject. His registered
address is in Budapest, Hungary.
According to the
subject, Georges Suha is a professor. He
has got a Doctor Degree.
The subject is an
institution offering students with open programs.
While the institution
includes traditional science disciplines such as economics, international
relations and communication-related courses, the subject also offer
interdisciplinary fields like European studies, applied law enforcement,
consular studies and cultural heritage management.
Based on its strong partnership background with several
EU high education partners, the subject has a growing reputation for
preparatory courses.
The subject is able to offer students with the following
Programs:-
·
Preparatory programs;
·
Master program;
·
MBA programs International Management;
·
International Relations;
·
Specialized MBA programs;
·
Doctoral programs PhD in International
Relations;
·
PhD in International Management; &
·
DBA in International Management.
According to the subject,
all of its MSc, multi-format range of modular MBA and PhD/DBA online courses
are open to students around the world.
The subject’s
business in Hong Kong is not active.
History in Hong Kong is just over three years and four 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.
Brief Personal
Profile of the Director of the subject:
Prof. Georges Suha
(1964) graduated at Faculty of Sciences at Loránd Eötvös University of Hungary
(ELTE majoring in Geophysics (MSc) in 1989.
He received his doctorate degree (UOP Budapest) and PhD in applied
communication from Faculty of Humanities, Doctoral Programme at University of
Pecs (Hungary).
In 1995 he became
senior cabinet counsellor, personal press secretary to the Prime Minister.
In 1997 he was
invited by the government of the Republic of The Gambia to take over the
honorary consular position in Central East European region with Budapest
residency. In 1999 he was posted to the
Embassy in Paris as attaché, then upgraded to consul general in 2000. Between 2005 and 2011 he had served as
ambassador, permanent representative to the United Nations Industrial
Development Organisation (UNIDO) and to the Comprehensive Nuclear Test-Ban
Treaty Organisation (CTBTO) in Vienna, Austria.
He is currently the
President of the Honorary Consular Corps Accredited to Hungary as well. Since 2009 he has been a full member of the
Governing Council of the Hungarian Association of United Nations.
Prof. Suha is a full
member of Public Body of Hungarian Academy of Sciences; Member of the editorial
board of several scientific journals, programme director, International
Relations and Consular Studies at ISES, Institute for Social and European
Studies (Jean Monnet European Centre of Excellence, UNESCO-Chair); College
Professor of International Relations at Wekerle Sandor Business College,
Budapest (2008- ); Sessional Instructor
at Sorbonne – Paris(IV) Doctoral School, Paris, (2008-2010); Member of the
Senate of IUFS University, St. Petersburg, Russia; Assistant Professor, PRO-DEO
State University, New York; Visiting Professor at King Sigismund College,
Budapest and Visiting Professor at Pecs University.
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.63.47 |
|
|
1 |
Rs.98.47 |
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Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
NIT |
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.