MIRA INFORM REPORT
|
Report No. : |
328190 |
|
Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PEACE ZONE (HK) LIMITED |
|
|
|
|
Registered Office : |
Unit 3, Floor 6, Tower 2, Harbour Centre, No. 8 Hok Cheung Street, Hung Hom, Kowloon |
|
|
|
|
Country : |
Hongkong |
|
|
|
|
Date of Incorporation : |
04.04.2007 |
|
|
|
|
Com. Reg. No.: |
37854690 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Mobile Phone. |
|
|
|
|
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 |
|
|
|
|
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 |
Contact
Points
|
Company Name (in English): |
|
|
Supplied Name: |
Peace Zone (HK) Ltd |
|
Trading Address: |
Room 603, Tower 2, Harbour Centre, No. 8 Hok
Cheung Street, Hung Hom, Kowloon, Hong Kong |
|
Supplied Address: |
Unit No 603 Harbour Centre Tower 2 8 Hok Cheng Hunh Hom Kowloon |
Note: The exact name
and address are as above.
Special
Note
We contacted the subject through the telephone
number +852-23115031 and a man answered the phone and confirmed the subject
locates the supplied address and introduced the subject’s operation information
as we stated in the report.
We have arranged the visit for the supplied
address, but the result has not come back. We will update the report when we
receive the photos.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 3, Floor 6,
Tower 2, Harbour Centre, No. 8 Hok Cheung Street, Hung Hom, Kowloon, Hong
Kong |
|
Telephone Number: |
+852-23115031, 31715842 |
|
Fax Number: |
+852- 23115032 |
|
Date of Registration: |
2007-4-4 |
|
Registered Number: |
1121139 |
|
Business Registration No.: |
37854690 |
|
Registered Capital: |
HKD 2,000,000 (USD 258,000) (As of 2015.6, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 2,000,000 (USD 258,000) = 2,000,000
Shares@ HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
76411--Telephone sets, including telephones
for cellular networks or for other wireless networks (No.) |
|
Principal Activities: |
Trading of Mobile phone, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-4-4 |
Note: Subject declined to disclose its staff number, and from other source we
can’t obtain the information, either.
History
Subject was incorporated on 2007-4-4 with the
registered number 1121139 as Private Limited Liability Company in Hong Kong.
Change of Name:
|
Date |
Change |
|
2007-4-17 |
Peace Zone (HK) Limited |
|
|
|
|
2007-4-4 |
Peace Zone (HK) Limited |
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant information,
either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Adukia Arvind Kumar |
800,000 |
40% |
|
Adukia Abhishek |
400,000 |
20% |
|
Adukia Shruti |
400,000 |
20% |
|
Adukia Kanta Devi |
400,000 |
20% |
|
Total |
2,000,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Adukia Arvind Kumar |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
|
2 |
|
|
Name: |
Adukia Abhishek |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
|
Name: |
Adukia Shruti |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
|
4 |
|
|
Name: |
Adukia Kanta Devi |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Adukia Abhishek |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road, Tsim
Sha Tsui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R238701(7) |
|
2 |
|
|
Name: |
Adukia Kanta Devi |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R301928(3) |
|
3 |
|
|
Name: |
Adukia Shruti |
|
Address: |
B-7, Floor 6, Hankow Centre 47 Peking Road,
Tsim Sha Tsui, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R301933(A) |
|
4 |
|
|
Name: |
HMGC Corporate Practice Limited |
|
Address: |
Unit 406B, 4/F., Mirror Tower, 61 Mody Road,
TST East, Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1127329 |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Room 603, Tower 2, Harbour Centre, No. 8 Hok
Cheung Street, Hung Hom, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
Workshop Unit NO.03 on 6/F Harbour Centre
Tower 2 NO. 8 Hok Cheung Street Kowloon |
|
Owners: |
|
|
Memorial Number: |
09082401150111 Assignment |
|
Date of Instrument: |
2009-7-29 |
|
Date of Registration: |
2009-8-24 |
|
Consideration Value: |
HKD 10,947,500.00 (PT.) |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
09082401150125 |
|
Date of Instrument: |
2009-7-29 |
|
Date of Registration: |
2009-8-24 |
|
Nature: |
Mortgage |
|
In Favor of: |
DBS Bank (Hong Kong) Limited |
|
Consideration: |
ALL MONEYS (PT.) |
|
2 |
|
|
Memorial No.: |
09070701010191 |
|
Date of Instrument: |
2009-6-17 |
|
Date of Registration: |
2009-7-7 |
|
Nature: |
Agreement For Sale And
Purchase Remark: see assignment
Mem. NO. 09082401150111 |
|
In Favor of: |
Bhimsaria Dipendra Binod |
|
Consideration: |
HKD 10,947,500.00 (PT.) |
|
3 |
|
|
Memorial No.: |
07090402400060 |
|
Date of Instrument: |
2007-8-27 |
|
Date of Registration: |
2007-9-4 |
|
Nature: |
Agreement For Sale And Purchase Remark: see assignment Mem. NO.
07110501560199 |
|
In Favor of: |
J B Finance Holdings LTD. |
|
Consideration: |
HKD 15,764,400.00 |
Note: (PT.) means part of.
Production
Information
· Subject is a trader of mobile phones, etc. without any production activities.
Purchase
Information
· Subject’s products are purchased from both home and abroad, such as Hong Kong domestic market and India, etc.
Sales Information
· Subject’s engaged in trading of mobile phones, etc.
· Subject’s major products are mobile phones and Apple Ipad, etc.
· It is introduced that subject sells the products with the brands of Blackberry, Samsung, Sony and Apple, etc.
· Subject’s sales regions cover Hong Kong Domestic market, Mainland China and Southeast Asia, etc.
· Subject’s major customers are individual, retailers of mobile phones and stores, etc.
Trademark
|
Trade Mark No.: |
302023730 |
|
Status: |
Registered |
|
Mark: |
AQUA mobiles |
|
Mark Type: |
Ordinary |
|
Mark Description: |
The applicant
claims the colours white, blue and red as elements of the trade mark. |
|
Owner's Name, Address: |
Peace Zone (HK)
Ltd |
|
Owner's Address |
Peace Zone (HK)
Ltd |
|
Class No.: |
9 |
|
Specification: |
|
|
Date of Filing: |
05-09-2011 |
|
Date of Publication of |
13-01-2012 |
|
Date of Registration: |
05-09-2011 |
|
Actual Date of |
26-04-2012 |
|
Expiry date: |
04-09-2021 |
|
Historical Details: |
-- |
|
Date of entry |
Matters |
|
26-4-2012 |
Registration |
%20LIMITED%20-%20328190%2025-Jun-2015_files/image001.jpg){kind=small}
Settlements
PURCHASE
Domestic Purchase
|
Products |
Mobile phones, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Mobile phones, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Mobile phones, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Mobile phones, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 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
Mortgage Record
|
1 |
|
|
Peace Zone (HK)
Limited |
|
|
Instrument of Creating Mortgage: |
General Letter of Hypothecation |
|
Date of Creating Mortgage: |
2011-5-18 |
|
Amount Secured: |
All the money now granted by the bank and
the company now owing to the bank, and inclusive of the monies which in
future will be granted by the bank and the company will become owing any such
sums to the bank. |
|
Name of Mortgagee: |
Bank of India Kowloon Branch |
|
Address of Mortgagee: |
Unit 906-908, 9th Floor Hong Kong
Pacific Centre No. 28 Hankow Road TST” Kowloon, Hong Kong |
|
Description of Property Mortgaged: |
Bills of exchange, and /or invoices, or any
other documents representing or relating to goods. The company agrees that
the same and all goods thereby represented or to which the document relate
shall be hypothecated by way of first charge as a continuing security for all
sums in which the company from time to time be actually or contingently
indebted or liable to bank on any account. |
|
2 |
|
|
Company Name: |
Peace Zone (HK) Limited |
|
Instrument of Creating Mortgage: |
General Letter of Hypothecation |
|
Date of Creating Mortgage: |
2012-2-27 |
|
Amount Secured: |
All the money now granted by the bank and
the company now owing to the bank, and inclusive of the monies which in future
will be granted by the bank and the company will become owing any such sums
to the bank. |
|
Name of Mortgagee: |
Bank of India Kowloon Branch |
|
Address of Mortgagee: |
Unit 906-908, 9th Floor Hong Kong
Pacific Centre No. 28 Hankow Road TST” Kowloon, Hong Kong |
|
Description of Property Mortgaged: |
Bills of exchange, and /or invoices, or any
other documents representing or relating to goods. The company agrees that
the same and all goods thereby represented or to which the document relate
shall be hypothecated by way of first charge as a continuing security for all
sums in which the company from time to time be actually or contingently
indebted or liable to bank on any account. |
|
3 |
|
|
Company Name: |
Peace Zone (HK) Limited (the “Company”) |
|
Instrument of Creating Mortgage: |
Deposit Deed |
|
Date of Creating Mortgage: |
2013-7-12 |
|
Amount Secured: |
All moneys now or at any time in the future
owing by the Company (the "Principal(s)”)(whether alone or jointly with any
other person(s)) to Citibank or any Affiliate) under any banking, derivative,
foreign exchange, trade, margin, guarantee or other facility or facilities or
any account and all other liabilities (whether actual or contingent, present
or future, as principal or surety or in some other capacity) (the “Facility”
or “Facilities”), including, any and all the obligations of the Company and
the Principal(s) under any Facility I Facilities pre-existing prior to
the date of execution of this Deed (the “Obligations”). |
|
Name of Mortgagee: |
Citibank, N.A. |
|
Address of Mortgagee: |
21/F, Tower 1 & 2, The Gateway, Harbour City, Tsimshatsui Kowloon, Hong Kong |
|
Description of Property Mortgaged: |
By way of a first fixed charge and as a continuing
security for the Obligations, the Company charges and assigns absolutely all
its rights, title to and interest in the Accounts and all Deposits from time
to time in the Accounts and/or comprising the Accounts maintained with
Citibank, N.A., any branch and/or Citibank (Hong Kong) Limited. |
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
|
High Court Action: |
Clear |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Industry
Information
76411-- Telephone
sets, including telephones for cellular networks or for other wireless networks
(No.)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Taiwan |
70,114 |
278,618 |
1,140,351 |
3,077,231 |
|
South Korea |
199,183 |
123,679,2 |
943,403 |
3,015,973 |
|
176,727 |
47,411 |
495,769 |
214,620 |
|
|
Japan |
440,046 |
836,690 |
2,623,946 |
4,615,384 |
|
Malaysia |
22,228 |
23,450 |
288,266 |
450,146 |
|
Netherlands |
160,970 |
245,688,1 |
792,217 |
2,560,718 |
|
Singapore |
179,275 |
624,981 |
2,189,178 |
5,273,173 |
|
Philippine |
26,503 |
9,186 |
134,635 |
88,958 |
|
Vietnam |
179,873 |
162,713,2 |
665,543 |
4,778,393 |
|
America |
1,817,642 |
1,934,651 |
18,052,573 |
22,067,904 |
|
The Mainland of China |
39,959,691 |
12,631,719 |
170,662,710 |
56,156,018 |
|
Exports |
||||
|
United Arab Emirates |
1,409,099
|
1,038,837 14 |
332,310 |
10,344,640 |
|
German |
442,158 |
292,107 |
5,625,839 |
3,954,062 |
|
Bangladesh |
2,122,230 |
216,245,18 |
685,351 |
2,597,784 |
|
Republic of Costa Rica |
19 038 |
13,563 |
573 230 |
499,075 |
|
Brazil |
278,564 |
24,880 |
4,023,896 |
454,911 |
|
Australia |
244,036 |
166,815 |
2,033,317 |
1,441,423 |
|
Colombia |
426,477
|
255,411 |
5,033,137 |
2,825,678 |
|
Canada |
48,200 |
21,483 |
1 140,730 |
872,450 |
|
Switzerland |
48,993 |
28,348 |
461,780 |
288,854 |
|
Chile |
106,023 |
29,953 |
3,383,493 |
1,290,255 |
|
The Mainland of China |
1,501,690 |
1,828,935 17 |
671,152 |
23,555,306 |
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
We will update the report when we receive the
photos.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.66 |
|
|
1 |
Rs.100.50 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.