MIRA INFORM REPORT
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Report No. : |
325079 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
YASA INT’L HONG KONG |
|
|
|
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Registered Office : |
Flat/Rm 17, 20/F, Wing Hing Building, 83-93 Chai Wan Kok NT |
|
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Country : |
Hong Kong
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Date of Incorporation : |
20.09.1999 |
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|
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Com. Reg. No.: |
30395413 |
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|
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Legal Form : |
Proprietorship |
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|
|
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Line of Business : |
Trading of Garment Accessories. |
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|
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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 |
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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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Contct Points
|
Company Name: |
YASA INT'L HONG KONG |
|
Supplied Name: |
YASA INTL HONG KONG |
|
Trading Address: |
Flat/Rm 17, 20/F, Wing Hing Building, 83-93
Chai Wan Kok NT Hong Kong |
|
Supplied Address: |
UNIT-17, 20/F, WING HING BUILDING, 83-93 CHAI WAN
KOK STREET, TSUEN WAN, N.T HONG KONG |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Flat/Rm 17,
20/F, Wing Hing Building, 83-93 Chai Wan Kok NT Hong Kong |
|
Telephone Number: |
+852-2317-5227 |
|
Fax Number: |
+852-2317-5327 |
|
Date of Registration: |
1999-9-20 |
|
Business Registration No.: |
30395413 |
|
Registered Capital: |
N/A |
|
Legal Form: |
Proprietorship |
|
SITC Code: |
84619-- Other clothing accessories and
parts, not for babies, not knitted or crocheted (kg) |
|
Principal Activities: |
Trading of garment accessories and etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
Notes: It is not required for Proprietorship
to register capital. Subject declined to disclose its staff number; from other
source we cannot obtain the relevant information, either.
History
Subject was incorporated on 1999-9-20 with the
Business Registration No.:30395413 as
Proprietorship in Hong Kong.
Corporate Structure
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either.
Owner
Core Management
|
Name: |
Ali, Mohammed Yousuf |
|
Address: |
Flat/Rm C, 15/F, Shui Heung Yuen BLDG,
504-512 Canton Rd Jordan KL Hong Kong |
|
Position: |
Owner |
|
ID Number: |
P3209230 |
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Incoming Date: |
2001-7-10 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Flat/Rm 17, 20/F, Wing Hing Building, 83-93
Chai Wan Kok NT Hong Kong |
Premises Information
According to subject’s current trading
address, we did not find any premises information from local land registry;
from other source we can not obtain any relevant information, either.
Production Information
The subject is a trader of garment accessories
and etc without any production activities.
Purchase Information
It is introduced that subject purchases its
products both at home and abroad.
Sales Information
The subject is mainly engaged in sales of
garment accessories and etc.
It is introduced that subject is selling many
products such as belt (leather or plastic), button – metal, button – pearl,
zipper, rivet for garment, bag accessories & parts (handbag accessories) .
Subject’s selling territory includes Asia,
Europe, America.
Subject’s major customers are manufacturers
and designers of apparels, bags .
Settlements
Purchase
Domestic Purchase
|
Products |
Garment accessories |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Garment accessories |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Garment accessories |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Garment accessories |
|
Selling Terms |
Cash, T/T |
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 Mr. Du 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
|
2006-3-18 |
|
|
Court Name: |
Small Claim Tribunal |
|
Court No.: |
005542 |
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Claimant: |
Chan Kam Lun Anthony t/a Golden Thread Factory |
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Defendant: |
Ali, Mohammed Yousuf t/a YASA Int'l Hong Kong |
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Reason: |
Good Sold & Delivered |
Mortgage Record
No mortgage of subject were found.
Special Note
Interview Details
|
Name |
Mr. Du |
|
Department: |
Sales Department |
|
E-mail |
Industry Information
84619-- Other clothing
accessories and parts, not for babies, not knitted or crocheted (kg)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
The Mainland of China |
218,178 |
30,639 |
2,584,187 |
322,588 |
|
Germany |
1,052 |
199 |
3,198 |
1,291 |
|
Spain |
294 |
50 |
6,555 |
1,306 |
|
France |
41 |
29 |
2,514 |
2,191 |
|
UK |
151 |
158 |
1,937 |
1,479 |
|
Indonesia |
98 |
48 |
1,363 |
286 |
|
India |
424 |
45 |
13,705 |
1,746 |
|
Italy |
1,101 |
2,873 |
13,275 |
21,567 |
|
Exports |
||||
|
United Arab Emirates |
765 |
182 |
15,479 |
4,853 |
|
Argentina |
18 |
5 |
765 |
179 |
|
81 |
20 |
2,894 |
653 |
|
|
Australia |
1,258 |
360 |
49,711 |
7,520 |
|
Belgium |
1,060 |
229 |
3,659 |
721 |
|
Brazil |
164 |
29 |
8,087 |
1,426 |
|
Canada |
5,706 |
724 |
41,914 |
6,079 |
|
The Mainland of China |
28,798 |
5,274 |
5,274 |
54,061 |
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
Flat/Rm 17, 20/F, Wing Hing Building, 83-93
Chai Wan Kok NT Hong Kong
Flat/Rm 17, 20/F, Wing Hing Building, 83-93
Chai Wan Kok NT Hong Kong
Flat/Rm 17, 20/F, Wing Hing Building, 83-93
Chai Wan Kok NT Hong Kong
Flat/Rm 17, 20/F, Wing Hing Building, 83-93 Chai
Wan Kok NT Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.85 |
|
|
1 |
Rs.98.12 |
|
Euro |
1 |
Rs.71.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.