|
Report No. : |
333479 |
|
Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
D2 CO. LTD. |
|
|
|
|
Registered Office : |
C/o HK Timely Corporation Ltd., Flat A-16, 9/F., |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
29.07.2014 |
|
|
|
|
Com. Reg. No.: |
63638741 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
The subject’s lines of business are unknown since the secretarial company declined to tell us about its business. |
|
|
|
|
No. of Employees : |
No Employees in NOTE : It is to be
noted that the company does not have its own operating office in |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
|
|
|
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 |
D2 CO. LTD.
Registered Office:-
c/o HK Timely Corporation Ltd.
Flat A-16, 9/F., Silvercorp International Tower, 703‑713 Nathan
Road, Mongkok, Kowloon, Hong Kong.
63638741
2126233
29th July, 2014.
HK$10,000.00
(As per registry dated 29-07-2014)
|
Name |
|
No. of shares |
|
DONG Fengting |
|
10,000 ===== |
(As per registry dated 29-07-2014)
|
Name (Nationality) |
Address |
|
DONG Fengting |
2123, Tangjing Xiushanlou, No. 72, Hongjing Street, Lejia Road, Baiyun
District, Guangzhou City, China. |
(As per registry dated 29-07-2014)
|
Name |
Address |
Co. No. |
|
HK Timely Corporation Ltd. |
Flat A, 9/F., Silvercorp International Tower, 703‑713 Nathan
Road, Mongkok, Kowloon, Hong Kong. |
1896097 |
D2 Co. Ltd. was incorporated on 29th
July, 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 ‘Flat A-16, 9/F., Silvercorp
International Tower, 703‑713 Nathan Road, Mongkok, Kowloon,
Hong Kong’ known as ‘HK Timely Corporation Ltd.’ [HK Timely] which is
handling its correspondences and documents.
HK Timely is also the corporate secretary of the subject. ‘16’ is the file number of the subject in the
secretarial company.
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
which are wholly-owned by Ms. Dong Fengting who is a China businesswoman.
She is a China ID holder and does
not have the right to reside in Hong Kong permanently. She is also the only
director of the subject. Her registered
address is in Guangzhou City, Guangdong Province, China.
The subject’s lines of business are
unknown since the secretarial company declined to tell us about its business.
The director of the subject cannot
be reached as she is in China.
No information of the subject can be
obtained from our secondary sources.
The subject’s business in Hong Kong
is not active. History in Hong Kong is
just over a year.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.07 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.