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Report No. : |
325254 |
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Report Date : |
01.06.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Unit B, 3rd Floor, Chun Wah Commercial Building, No. 30 Minden Avenue, T.S.T., Kowloon |
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Country : |
Hong Kong
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Date of Incorporation : |
19.09.2014 |
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Com. Reg. No.: |
2146909 |
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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 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 Company |
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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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% 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 40.7 million in 2013, 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 48.5% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9% 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. As of year-end 2014, the Democracy protests that began in late September probably will have some adverse effects on economic growth, particularly retail sales.
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Source
: CIA |
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Company Name (in English): |
Oasis Galaxy Limited |
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Supplied Name: |
Oasis Galaxy Ltd |
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Supplied Address: |
Note: The exact name is as above.
We cannot
find subject’s any operation or valid contact information in Hong Kong through
public files according to supplied name.
Since
the supplied address is not complete, we cannot obtain any information based on
it.
As
subject’s registered address is that of its secretary corporate (Hashmi
Secretarial Services Limited), based on subject’s registered files and our
investigation, we consider subject as an offshore company.
We
found subject’s registered files from local registry, supplying as following
for reference.
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Registered Name: |
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Unit B, 3rd Floor, Chun Wah Commercial Building, No. 30 Minden Avenue, T.S.T., Kowloon, Hong Kong |
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Date of Registration: |
2014-9-19 |
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Registered Number: |
2146909 |
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Business Registration No.: |
63846851 |
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Paid-up Capital: |
HKD 1 (USD 0.129) = 1 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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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-9-19 |
Subject was incorporated on 2014-9-19 with the registered number 2146909 as Private Limited Liability Company in Hong Kong.
Change of
Registered Address:
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Former Address |
Unit A, 3/F., Cheong Sun Tower, 116-118 Wing Lok Street,
Sheung Wan, Hong Kong |
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Current Address |
Unit B, 3rd Floor, Chun Wah Commercial Building, No. 30 Minden Avenue, T.S.T., Kowloon, Hong Kong |
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
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Proportion of
Investment (%) |
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Comkit Limited |
1 |
100% |
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Total |
1 |
100% |
Major Shareholder
Information:
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Name: |
Comkit Limited |
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Address: |
Unit A, 3/F., Cheong Sun Tower, 116-118 Wing Lok Street, Sheung Wan, Hong Kong |
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Registered Number: |
2040107 |
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Date of Registration: |
2014-2-21 |
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Business Registration No.: |
62774229 |
Core Management
Detailed Information
of Directors:
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1 |
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Name: |
Mohan Suresh |
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Address: |
No. 31, R.K. Garden, Akilandeshwari Nagar, Lalgudi TK, Trichy Rural, PIN: 621601, Tamil Nadu, India |
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Position: |
Director |
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Passport Number: |
Z2717219 |
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Issuing Country: |
India |
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Date of Appointment: |
2014-11-28 |
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2 |
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Name: |
Hashmi Secretarial Services Limited |
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Address: |
Unit B, 3rd Floor, Chun Wah Commercial Building, No. 30 Minden Avenue, T.S.T., Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
770656 |
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Date of Appointment: |
2014-11-28 |
Former Directors:
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1 |
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Name: |
Comkit Limited |
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Address: |
Unit A, 3/F., Cheong Sun Tower, 116-118 Wing Lok Street, Sheung Wan, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
2040107 |
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2014-11-28 |
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2 |
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Name: |
Yip Shu Tai |
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Address: |
House 21, Mok Ka Village, Tung Chung, Lantau Islands, Hong Kong |
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Position: |
Director |
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ID Number: |
G379028(1) |
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Date of Resignation: |
2014-11-28 |
Offices &
Factories
Subject does not have business entity in Hong Kong.
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 does not have business entity in Hong Kong, thus we cannot obtain the relevant information.
Mortgage Record
No mortgage record of 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 |
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High Court Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.76 |
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|
1 |
Rs.97.80 |
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Euro |
1 |
Rs.69.91 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
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.