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Report No. : |
325827 |
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Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
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Name : |
BRAND TOP INC LTD. |
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Registered Office : |
C/o Prime Star (HK) Ltd., Unit 71, 2/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon |
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Country : |
Hongkong |
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Date of Incorporation : |
07.07.2014 |
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Com. Reg. No.: |
63547005 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Its offers tourists with the following services:- · Worldwide Ticketing and Hotel Reservations · International Vacation and Corporate Travel packages · Travel Insurance · Visa Arrangements · Rail Passes / Car Rentals / Ground Transfer Arrangements · Conferences, Incentives and Event Services (Inbound and Outbound) · Sports Incentives / Team Building / Corporate Events / Spa packages · Cruises & Adventure Holidays The other business of the subject includes the followings:- · Airport Transfers · Hotel Bookings · Ferry Tickets · Private Tours · Sightseeing · English Speaking Guides · Meal Arrangements · MICE Handling · Air Tickets · Coaches · SIC Transfers · Hong Kong / China / Macau Tour Packages |
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No. of Employees : |
No Employees in Hongkong |
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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% 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 |
BRAND TOP INC LTD.
Registered Office:-
C/o Prime Star (HK) Ltd.
Unit 71, 2/F.,
Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong
Operating Office:-
C/o Hong Kong Accounting Co.
Room 302, 3/F., Leader
Commercial Building, 54 - 56 Hillwood Road, Tsimshatsui, Kowloon, Hong Kong.
63547005
2117101
7th July, 2014.
HK$10,000.00
(As per registry dated 09-07-2014)
|
Name |
|
No.
of shares |
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Comkit
Ltd., Hong Kong. |
|
1 |
|
Ankur GUPTA |
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9,999 |
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|
–––––– |
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Total: |
10,000 ===== |
(As per registry dated 09-07-2014)
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Name (Nationality) |
Address |
|
Ankur GUPTA |
N 1003, Aditya Mega City, Vaibhav Khand,
Indirapuram, Ghaziabad-201014, Uttar Pradesh, India. |
(As per registry dated 09-07-2014)
|
Name |
Address |
Co.
No. |
|
Prime
Star (HK) Ltd. |
Unit 71, 2/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon,
Hong Kong. |
1262327 |
The subject was incorporated on 7th July, 2014 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Unit A, 3/F.,
Cheong Sun Tower, 116-118 Wing Lok Street, Sheung Wan, Hong Kong where was the
operating office of a commercial service provider Comkit Ltd. It moved to the present address with effect
from 9th July, 2014 as it has changed its commercial service provider since
then.
The subject has changed its registered address only once.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Brand Top Inc. Ltd.
was incorporated on 7th July, 2014 as a private limited liability company.
The subject’s
registered office is in a commercial service firm located at ‘Unit 71,
2/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong’ known
as ‘Prime Star (HK) Ltd.’ [PS] which is handling its correspondences and
documents. PS is also the corporate
secretary of the subject.
The nominal
operating office of the subject is located at Room 302, 3/F., Leader Commercial
Building, 54 - 56 Hillwood Road, Tsimshatsui, Kowloon, Hong Kong. This is the operating office of an accounting
company. The subject has been assigned a
Hong Kong phone number 852-8174 5959.
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
which are almost wholly-owned by Mr. Ankur Gupta who is an India merchant.
He is an India
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 Uttar Pradesh, India.
The subject has been
in the travel industry and operating under the franchise from Brand Top Inc.
Limited since 2014. It is committed to
deliver professional services with generation old and traditional
hospitality. Its offers tourists with
the following services:-
· Worldwide Ticketing and Hotel Reservations
· International Vacation and Corporate Travel packages
· Travel Insurance
· Visa Arrangements
· Rail Passes / Car Rentals / Ground Transfer Arrangements
· Conferences, Incentives and Event Services (Inbound and Outbound)
· Sports Incentives / Team Building / Corporate Events / Spa packages
· Cruises & Adventure Holidays
The other business
of the subject includes the followings:-
· Airport Transfers
· Hotel Bookings
· Ferry Tickets
· Private Tours
· Sightseeing
· English Speaking Guides
· Meal Arrangements
· MICE Handling
· Air Tickets
· Coaches
· SIC Transfers
· Hong Kong / China / Macau Tour Packages
The subject’s
business in Hong Kong is not active. History in Hong Kong is just about 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.63.94 |
|
|
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
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Analysis Done by
: |
SAN |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
-- |
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.