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Report No. : |
331712 |
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Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KING WINNER INTERNATIONAL LIMITED |
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Registered Office : |
2F, Western Comm. Bldg., 31 Des Voeux Rd. West, Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
10.01.2014 |
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Com. Reg. No.: |
2024743 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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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 : |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 12.5% 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.
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Source
: CIA |
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Company Name (in
English): |
King Winner
International Limited |
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Supplied Name: |
King Winner
International Limited |
|
Supplied
Address: |
2/F, Western
Commercial Building, 31 Des Voeux Road West Sheung Wan |
As the supplied address, which is also subject’s registered address, is
that of subject’s corporate secretary (International Accounting &
Consultant Limited), we cannot obtain any information of the subject according
to it.
From public files we found a website http://kingwinnerinternational.com
belongs to subject, we found subject’s operation information as following:
Subject is a bespoke Entertainment and Event Consultancy based in Hong
Kong, providing event management, event marketing and entertainment services
throughout Asia.
We just found an E-mail address kingwinnerintl@gmail.com belongs to the
subject, we have sent a mail to this E-mail box, there was no reply at this
stage.
Since we failed to contact with the subject, the above operation
information cannot be confirmed by the subject.
We cannot find subject’s any other operation information or valid contact
information in Hong Kong through any sources according to the supplied name and
address.
Update to date of reporting, we failed to get in touch with subject. If
you can supply a current telephone, we’d like to have the investigation
resumed.
We found subject’s registration information as follows for reference.
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Registered Name: |
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Registered Address: |
2F, Western Comm. Bldg., 31 Des Voeux Rd.
West, Sheung Wan, Hong Kong |
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Date of Registration: |
2014-1-10 |
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Registered Number: |
2024743 |
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Business Registration No.: |
62619693 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 (As of 2015.5, 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: |
2015-1-10 |
Notes: Since we didn’t contact
subject successfully, the principal activities and staff number are not
available from any sources.
Subject was incorporated on 2014-1-10 with the registered number 2024743
as Private Limited Liability Company in Hong Kong.
Transfer of Shares:
|
2014-8-4 |
||
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Transferred From |
No. of Shares Transferred |
Transferred To |
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1 |
Rana Preet Kamal Singh |
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Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
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Subscription
Shares |
Proportion of
Investment (%) |
|
|
Rana Preet Kamal Singh |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder
Information:
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Name: |
Rana Preet Kamal Singh |
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Address: |
B 56 Yadav Park Main Rohtak Rd. Mangloi, Delhi, Pin: 110041, India |
Former
Shareholders Information:
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Name: |
Company Kit Secretarial Services Limited |
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Address: |
Unit A, 3/F, Sheong Sun Tower, 116-118 Wing Lok Street, Sheung Wan, HK |
Core
Management
Detailed
Information of Directors:
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1 |
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|
Bhattari Narayan |
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Address: |
201 A, Rabiraj Satari,
Nepal |
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Position: |
Director |
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Passport Number: |
06355892 |
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Issuing Country: |
Nepal |
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Date of Appointment: |
2015-1-22 |
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2 |
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Name: |
International Accounting & Consultant Limited |
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Address: |
2F, Western Comm. Bldg., 31 Des Voeux Rd. West, Sheung Wan, Hong Kong |
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Position: |
Company Secretary |
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Registered Number: |
1272054 |
Former Directors:
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Name: |
Rana Preet Kamal Singh |
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Address: |
B 56 Yadav Park Main Rohtak Rd. Mangloi, Delhi, Pin: 110041, India |
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Position: |
Director |
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Passport Number: |
K9542427 |
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Issuing Country: |
India |
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Date of Cessation: |
2015-1-22 |
From public files we found a website http://kingwinnerinternational.com
belongs to subject, we found subject’s operation information as following:
Subject is a bespoke Entertainment and Event Consultancy based in Hong
Kong, providing event management, event marketing and entertainment services
throughout Asia.
We just found an E-mail address kingwinnerintl@gmail.com belongs to the
subject, we have sent a mail to this E-mail box, there was no reply at this
stage.
Since we failed to contact with the subject, the above operation information
cannot be confirmed by the subject.
Since we didn’t contact subject successfully, the settlement information
is not available from any sources.
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 contact subject successfully, the financial information
is not available from any sources.
Since we didn’t contact subject successfully, the bank information is not
available from any sources.
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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
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UK Pound |
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.