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Report No. : |
328350 |
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Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
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Name : |
UNITED HILL (CHINA) LIMITED |
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Registered Office : |
Unit U, 1/F, Mau Lam Comm. Bldg, 16-18 Mau Lam Street, Jordan, Kln |
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Country : |
Hongkong |
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Date of Incorporation : |
28.07.2014 |
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Com. Reg. No.: |
63634519 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hongkong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 34.9
million in 2012, 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
46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for
about 57.4% 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.
|
Source
: CIA |
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Company Name (in English): |
United Hill (China) Limited |
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Supplied Name: |
UNITED HILL CHINA LTD |
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Supplied Address: |
UNIT U1/F MAU LAM COMMERCIAL BUILDING
16-18 MAU LAM STREETJORDON KOWLOON HONGKONG |
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Credit Opinion: |
Since we
consider subject as an offshore company, thus we did not give credit rating
at present. |
From public files we found a telephone number
+852-2312-0148 belongs to the supplied address, we tried to contact with the
subject through the supplied number, however, the relevant staff introduced
that her company is just a company which is mainly engaged in registration and
accounting services, however, she refused to disclose the details for us.
We can not find any operation information of
subject through public files, and subject’s registered address is that of
subject’s secretary corporate, 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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Registered
Address: |
Unit U, 1/F, Mau Lam Comm.. Bldg, 16-18 Mau Lam Street, Jordan, Kln
Hong Kong |
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Date of
Registration: |
2014-7-28 |
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Registered
Number: |
2125812 |
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Business
Registration No.: |
63634519 |
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Paid-up Capital: |
HKD 10,000 (USD
1,290) = 10,000 Shares@ HKD 1 (As of 2015.03,
1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited
Liability Company |
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Listed at Stock
Exchange: |
No |
Subject was incorporated on 2014-7-28 with the
registered number 2125812 as Private Limited Liability Company in Hong Kong.
Change of Address:
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Former Address |
14/F, Chun Wo Commercial Centre, 25 Wing Wo Street, Central, Hong Kong |
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Current Address |
Unit U, 1/F, Mau
Lam Comm.. Bldg, 16-18 Mau Lam Street, Jordan, Kln Hong Kong |
Change of Paid-up Capital:
Particulars of the increase are as follows:
|
Date of
Resolution |
Registered
Capital |
Amount of
Additional Capital |
New Amount of
Total Paid-up Capital |
|
2014-12-15 |
HKD 1 |
HKD 9,999 |
HKD 10,000 |
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Subscription Shares |
Proportion of Investment (%) |
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|
1 |
0.01% |
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|
Zhong Jing |
9,999 |
99.99% |
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Total |
10.000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
GRL14 Limited |
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Address: |
OMC Chambers,
Wickhams Cay 1, Road Town Tortola, British Virgin Islands |
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2 |
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|
Zhong Jing |
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Address: |
4B Unit 2 Building No. 11, New Asia Garden,
Jixiang Zhong Rd No. 85, Longgang District, Shenzhen, Guangdong Province,
China |
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Zhong Jing |
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Address: |
4B Unit 2
Building No. 11, New Asia Garden, Jixiang Zhong Rd No. 85, Longgang District,
Shenzhen, Guangdong Province, China |
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Position: |
Director |
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Passport Number: |
G21503193 |
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Issuing Country: |
China |
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Date of
Appointment: |
2014-12-15 |
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2 |
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Name: |
Buttar
Secretarial Services Limited |
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Address: |
Unit 13, 16/F, Asia
Trade Centre, No. 79 Lei Muk Road, Kwai Chung, N. T, Hong Kong |
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Position: |
Corporate
Secretary |
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Registered
Number: |
1906147 |
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Date of
Resignation: |
2014-12-15 |
Former Directors:
|
Address: |
OMC Chambers, Wickhams
Cay 1, Road Town Tortola, British Virgin Islands |
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Position: |
Director |
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Date of
Resignation: |
2014-12-15 |
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2 |
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Name: |
Liu Zhi Yin |
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Address: |
Room 202, Block
1, 2 Tianbei Road, Luohu District, Guangdong Province, China |
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Position: |
Director |
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Date of
Resignation: |
2014-12-15 |
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3 |
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Name: |
GSL14 Limited |
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Address: |
14/F, Chun Wo
Commercial Centre, 25 Wing Wo Street, Central, Hong Kong |
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Position: |
Corporate
Secretary |
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Registered
Number: |
2010658 |
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Date of
Resignation: |
2014-12-15 |
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 can not obtain the relevant information.
Mortgage Record
No mortgage of subject were 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.63.82 |
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|
1 |
Rs.101.26 |
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Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIT |
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 |
|
|
-- |
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.