MIRA INFORM REPORT
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Report No. : |
329146 |
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Report Date : |
30.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTELLIGENT
INTERNATIONAL (HK) LIMITED |
|
|
|
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Registered Office : |
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon |
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|
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Country : |
Hongkong |
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|
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Date of Incorporation : |
10.03.2009 |
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Com. Reg. No.: |
50385377 |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and Sales of Toys. |
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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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|
|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
|
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 12.5% 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
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Company Name (in English): |
Intelligent International (HK) Limited |
|
Supplied Name: |
Intelligent International (HK) Limited |
|
Trading Address: |
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong |
|
Supplied Address: |
Unit A, 20/F., Wang Fai Industrial Building, 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong |
Note: The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong |
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Telephone Number: |
+852-2366-0198 |
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Fax Number: |
+852-2366-0920 |
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E-mail: |
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Date of Registration: |
2009-3-10 |
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Registered Number: |
|
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Business Registration No.: |
50385377 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD 1 (As of 2015.06, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
89420--Tricycles, scooters, pedal cars and similar wheeled toys; dolls' carriages; dolls; other toys; reduced-size ("scale") models and similar recreational models, working or not; puzzles of all kinds (kg) |
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Principal Activities: |
Manufacturing and sales of toys |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-3-10 |
Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
History
Subject was incorporated on 2009-3-10 with the registered number 1314760 as Private Limited Liability Company 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.
Shareholders
|
Subscription Shares |
Proportion of
Investment (%) |
|
|
Chim Kwong Man |
5,000 |
50% |
|
|
5,000 |
50% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
1 |
|
|
Name: |
Chim Kwong Man |
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Address: |
Flat H, 3/F, Block 11, Saddle Ridge Garden, Ma On Shan, Shatin, N. T., Hong Kong |
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2 |
|
|
Yiu Yik Kai |
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|
Address: |
Flat 4, 12/F, Yu Chung House, Yu Chui Court, Shatin, N. T., Hong Kong |
Management
Information
Core Management
Detailed Information
of Directors:
|
1 |
|
|
Name: |
Chim Kwong Man |
|
Address: |
Flat H, 3/F, Block 11, Saddle Ridge Garden, Ma On Shan, Shatin, N. T., Hong Kong |
|
Position: |
Director |
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ID Number: |
H333168(9) |
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2 |
|
|
Name: |
Yiu Yik Kai |
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Address: |
Flat 4, 12/F, Yu Chung House, Yu Chui Court, Shatin, N. T., Hong Kong |
|
Position: |
Director |
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ID Number: |
K972564(4) |
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3 |
|
|
Name: |
Mezz International Limited |
|
Address: |
Unit 8, 8/F, Wang Fai Industrial Building, 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
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Registered Number: |
1101724 |
Operation
Information
Offices & Factories
|
|
Office |
|
Address: |
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San
Po Kong, Kowloon, Hong Kong |
Premises
Information
Office address:
|
Address: |
20/F Wang Fai Industrial Building No.29 Luk Hop Street Kowloon |
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Owners: |
Gainvast Developments Limited |
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Memorial Number: |
UB6849862 |
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Date of Instrument: |
1996-10-25 |
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Date of Registration: |
1996-12-13 |
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Consideration Value: |
HKD 5,850,000.00 |
History of Premises Owners’
|
1 |
|
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Memorial No.: |
UB6849861 |
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Date of Instrument: |
1996-10-3 |
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Date of Registration: |
1996-12-13 |
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Nature: |
Power Of Attorney By Chan Shu Chung Re 1/3 Share |
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In Favor of: |
Yan Wing Kam Lam Shiu Foo "The Attorney" |
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2 |
|
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Memorial No.: |
UB6789724 |
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Date of Instrument: |
1996-10-5 |
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Date of Registration: |
1996-10-24 |
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Nature: |
Omination By Lee Wai Fung |
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In Favor of: |
Gainvast Development Limited "The Nominee" |
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3 |
|
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Memorial No.: |
UB6741899 |
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Date of Instrument: |
1996-8-23 |
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Date of Registration: |
1996-9-10 |
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Nature: |
Agreement For Sale And Purchase |
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In Favor of: |
Lee Wai Fung |
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Consideration: |
HKD 5,850,000.00 |
Production
Information
The subject is mainly engaged in manufacturing of toys and etc.
It introduced that subject has a factory in in ChengHai District Shantou
City, Guangdong Province, the mainland of China for production. However, the
subject refused to disclose the details for us, and we cannot find any relevant
information from other sources.
Purchase
Information
It is introduced that subject purchases its raw materials and etc both
at home and abroad.
Sales Information
The subject is mainly engaged in sales of toys and etc.
Subject’s major products are electric toys and educational toys, such as
electronic keyboard, drum, musical toys, musical guitar, learning toys, sports
toys, robot, animal toys, car, flying machine, boat, educational toys and etc.
Subject’s selling territory includes Asia, Europe, America and etc.
Subject’s major customers are distributors of toys, toys shops,
department stores and etc.
Settlements
PURCHASE
Domestic Purchase
|
Products |
Raw materials and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Raw materials and etc |
|
Payment Terms |
L/C, T/T and etc |
SALES
Domestic Markets
|
Product |
Toys and etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Toys and etc. |
|
Selling Terms |
L/C, T/T and 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 Mr. Chim 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
No mortgage records of subject were found.
Lawsuits
Up to now, no present or latent litigation of the subject has been
found.
|
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 |
Special
Note
Interview Details
|
Name |
Mr. Chim |
Industry
Information
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Canada |
4,337 |
646 |
134,489 |
10,863 |
|
Mexico |
19,223 |
733 |
210,763 |
7,653 |
|
South Korea |
10,336 |
1,626 |
256,722 |
32,570 |
|
Malaysia |
271,965 |
7,450 |
1,745 743 |
52,830 |
|
Japan |
281,764 |
52,264 |
2,712, 712 |
523,496 |
|
Indonesia |
138,212 |
4,790 |
1,484 967 |
57,094 |
|
Denmark |
108,993 |
25,103 |
756,062 |
165,138 |
|
Australia |
20,282 |
1,372 |
196,583 |
16,663 |
|
America |
231,940 |
18,959 |
2,241,086 |
203,448 |
|
Taiwan |
77,492 |
13,885 |
960,579 |
139,316 |
|
The Mainland of
China |
23,100,442 |
1,337,138 |
292,292,474 |
16,233,266 |
|
Exports |
||||
|
Belgium |
8,909 |
826 |
28,037 |
4,768 |
|
Canada |
2,895 |
562 |
36,696 |
3,274 |
|
4,788 |
1,877 |
74,303 |
18,365 |
|
|
Philippine |
7,880 |
159 |
61,602 |
1,016 |
|
Singapore |
6,745 |
424 |
184,435 |
25,072 |
|
France |
7,524 |
801 |
35,713 |
10,512 |
|
Germany |
1,724 |
1,101 |
34,811 |
6,085 |
|
America |
22,838 |
1,653 |
441, 676 |
23,673 |
|
Taiwan |
87,426 |
5,417 |
1,276, 272 |
75,015 |
|
The Mainland of
China |
25,973 |
1,366 |
259,497 |
13,168 |
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
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San
Po Kong, Kowloon, Hong Kong
%20LIMITED%20-%20329146%2030-Jun-2015_files/image012.jpg)
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong
%20LIMITED%20-%20329146%2030-Jun-2015_files/image013.jpg)
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong
%20LIMITED%20-%20329146%2030-Jun-2015_files/image014.jpg)
Unit A, 20/F, Wang Fai Industrial Building, No. 29 Luk Hop Street, San Po Kong, Kowloon, Hong Kong
%20LIMITED%20-%20329146%2030-Jun-2015_files/image015.jpg)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.92 |
|
|
1 |
Rs.100.40 |
|
Euro |
1 |
Rs.70.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.