MIRA INFORM REPORT
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Report No. : |
309686 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
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Name : |
TREASURE EAGLE INTERNATIONAL LIMITED |
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Registered Office : |
Unit 37, 2/F Tak Wun Shopping Arcade 12-16
Pak Kung St Huang Hom KL |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.03.2009 |
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Com. Reg. No.: |
1315206 |
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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 detailed activity but the same is not available from any sources] |
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No. of Employee : |
Not Available NOTE: It is to be noted that
the company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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) |
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Hong Kong |
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 |
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 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.
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Source
: CIA |
Contact
Points
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Company Name (in English): |
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Supplied Name: |
TREASURE EAGLE INTERNATIONAL LIMITED |
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Supplied Address: |
UNIT A, 5/F., MAX SHARE CENTRE, 373 KING'S ROAD, NORTH POINT HONG KONG |
Special
Note
We cannot find any operation information
or valid contact information of the subject in Hong Kong through public files
according to the supplied name.
According to supplied address, we
find a telephone number +852-2116-5323 from the public files. We tried to
contact subject through the number, a lady who answered the phone introduced
that her company is EF Secretarial Limited which is engaged in providing
registered and accounting services and the supplied address belongs to her
company. But she declined to disclose any information of the subject for
confidential reasons.
According to registered address,
we find a telephone number +852-8132-4111 from the public files. We tried
to contact subject through the number, a man who answered the phone introduced
that his company is subject’s Secretary Corporate
(Unit-win Int’l Business Co., Limited) and the
registered address belongs to his company. Subject is only registered here. But
he declined to disclose any information of the subject for confidential
reasons.
As subject’s registered address is
that of a secretary corporate (Unit-win Int’l Business Co., Limited), 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.
Company
Identification Details
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Registered Name: |
|
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Registered Address: |
Unit 37, 2/F Tak
Wun Shopping Arcade 12-16 Pak Kung St Huang Hom KL, HK |
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Date of Registration: |
2009-3-11 |
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Registered Number: |
1315206 |
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Business Registration No.: |
50584448 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD
1 (As of 2015.3, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2014-3-11 |
History
Subject was incorporated on 2009-3-11 with the
registered number 1315206 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Subject did not register any subsidiaries or
branches; from other source we cannot obtain the relevant information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Xiaokun Li |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
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Name: |
Xiaokun Li |
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Address: |
No. 213-1, Guangzhou Road, Gulou District,
Nanjing City, Jiangsu Province, China |
Management
Information
Core Management
Detailed Information of Directors:
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1 |
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Name: |
Xiaokun Li |
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Address: |
No. 213-1, Guangzhou Road, Gulou District,
Nanjing City, Jiangsu Province, China |
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Position: |
Director |
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ID Number: |
370723197909281923 |
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2 |
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Name: |
Unit-win Int’l Business Co., Limited |
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Address: |
Office 3A, 12/F, Kaiser Centre, No. 18
Centre Street, Sai Ying Pun, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1148673 |
Operation
Information
Subject does not have business entity in Hong
Kong.
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 does not have business entity in Hong
Kong, thus we cannot obtain the relevant information.
Public
Mortgage Record
No mortgage record of subject was found.
Lawsuits
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.61.84 |
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|
1 |
Rs.95.14 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ANK |
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 |
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-- |
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.