|
Report No. : |
308998 |
|
Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
HONG KONG LEADERS GROUP LIMITED |
|
|
|
|
Registered Office : |
Unit 416, 4th Floor, Block A, Sun Fung Centre, 88 Kwok Shui Road, Kwai
Chung, N.T |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
23.04.1997 |
|
|
|
|
Com. Reg. No.: |
20918356 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
engaged in Manufacturing and sale of Label Tape such as Polyester Satin, Eco-Friendly Label Tapes, Nylon Taffeta, Polyester Taffeta & Heat Seal |
|
|
|
|
No of Employees : |
Not Available [NOTE: We tried to confirm
the number of employees but no one is ready to part any information from the
company management.] |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source : CIA |
|
Company Name (in Chinese): |
|
|
Company Name (in English): |
Hong Kong Leaders Group Limited |
|
Supplied Name: |
HONG KONG LEADERS GROUP LTD, |
|
Trading Address: |
Unit 416, 4th Floor, Block A, Sun Fung Centre, 88 Kwok Shui Road, Kwai
Chung, N.T., Hong Kong |
|
Supplied Address: |
416, BLOCK A , SUN FUNG CENTRE, 88, KWOK SHUI ROAD, KWAI CHING, N.T HONG
KONG |
Note: The exact name and address are as above.
|
Credit Opinion: |
We have arranged the site visit for the supplied
address, but the result has not been come back. We will update the report when
receive the photos.
We contacted the subject through the telephone
number +852-2610-2799 from public files, and Ms. Yang answered the phone said
the subject is located at the supplied address.
|
Registered Name: |
|
|
Registered Address: |
Unit 416, 4th Floor, Block A, Sun Fung
Centre, 88 Kwok Shui Road, Kwai Chung, N.T., Hong Kong |
|
Telephone Number: |
+852-2610-2799 |
|
Fax Number: |
+852-2610-1621 |
|
Date of Registration: |
1997-4-23 |
|
Registered Number: |
604941 |
|
Business Registration No.: |
20918356 |
|
Paid-up Capital: |
HKD 250 (USD 32.25) = 250 Shares@ HKD 1 (As of 2015.3, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
65621 Labels, Badges And Similar Articles Of
Textile Materials, Woven, In The Piece, In Strips Or Cut To Shape Or Size,
Not Embroidered (Kg) |
|
Principal Activities: |
engaged in Manufacturing and sale of
Label Tape such as Polyester Satin, Eco-Friendly Label Tapes, Nylon
Taffeta, Polyester Taffeta & Heat Seal |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-4-23 |
Notes: Subject declined
to disclose the number of staff, and from other source we cannot obtain the
information, either.
Subject was incorporated on 1997-4-23 with the registered number 604941 as Private Limited Liability Company in Hong Kong.
Factory (Mainland China)
|
Name: |
Huzhou Lingxian Silk Ribbon Co., Ltd |
|
Address: |
Zhu Dun Industrial Park, Linghu Town, Huzhou
City, Zhejiang Province, China |
|
Tel: |
+86-572-3351527 |
|
Fax: |
+86-572-3352355 |
|
Email: |
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Chan Tze Hung |
200 |
80% |
|
Tsang Mei Ho |
50 |
20% |
|
Total |
250 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Chan Tze Hung |
|
Address: |
Flat A, 25th Floor, Block 3,
Sausalito, Shatin, New Territories, Hong Kong |
|
2 |
|
|
Name: |
Tsang Mei Ho |
|
Address: |
Flat A, 25th Floor, Block 3,
Sausalito, Shatin, New Territories, Hong Kong |
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Tsang Mei Ho |
|
Address: |
Flat A, 25th Floor, Block 3,
Sausalito, Shatin, New Territories, Hong Kong |
|
Position: |
Director & Secretary |
|
ID Number: |
A987800(1) |
|
2 |
|
|
Name: |
Chan Tze Hung |
|
Address: |
Flat A, 25th Floor, Block 3,
Sausalito, Shatin, New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
A986889(8) |
Offices &
Factories
|
|
Office |
|
Address: |
Unit 416, 4th Floor, Block A, Sun Fung
Centre, 88 Kwok Shui Road, Kwai Chung, N.T., Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit 416, 4th Floor, Block A, Sun Fung Centre, 88 Kwok Shui Road, Kwai
Chung, N.T., Hong Kong |
|
Owners: |
Hong Kong Leaders Group Limited |
|
Memorial Number: |
06070801400034 Assignment |
|
Date of Instrument: |
2006-6-20 |
|
Date of Registration: |
2006-7-8 |
|
Consideration Value: |
HKD 2,100,700.00 (PT.) |
History of
Premises Owners’
|
1 |
|
|
Memorial No.: |
10051000500013 |
|
Date of Instrument: |
2010-4-22 |
|
Date of Registration: |
2010-5-10 |
|
Nature: |
G.N. 2270 Dated 22.4.2010 Under
Railways Ordinance (CHAPTER 519) |
|
In Favor of: |
-- |
|
Consideration: |
-- |
|
2 |
|
|
Memorial No.: |
06112801400024 |
|
Date of Instrument: |
2006-11-3 |
|
Date of Registration: |
2006-11-28 |
|
Nature: |
Mortgage |
|
In Favor of: |
DBS Bank (Hong Kong) Limited |
|
Consideration: |
All Moneys (PT.) |
|
3 |
|
|
Memorial No.: |
06070700770010 |
|
Date of Instrument: |
2006-6-20 |
|
Date of Registration: |
2006-7-7 |
|
Nature: |
Agreement For Sale And Purchase |
|
In Favor of: |
Hong Kong Leaders Group Limited |
|
Consideration: |
HKD 2,100,700.00 (PT.) |
Note: PT. means of part of.
Production
Information
l Subject is engaged in manufacturing of label tape
l It is introduced that subject has a factory in Zhejiang Province of the
Mainland of China.
Purchase
Information
l It is introduced that subject’s raw materials for production are mainly
purchased in the Mainland of China.
Sales Information
l Subject is engaged in sale of label tape
l The major products of the subject are polyester satin, eco-friendly label
tapes, nylon taffeta, polyester taffeta & heat seal
l It is introduced that subject’s products are applied for garments.
l The sales regions of the subject are domestic market, Japan, India,
Southeast Asia, etc.
l The major customers of the subject are manufacturers of garments, etc.
Purchase
1.
Domestic Purchase
|
Products |
Raw materials, etc. |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little import.
1.
Domestic Markets
|
Product |
Label tape, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Label tape, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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.
Mortgage Record
|
1 |
|
|
Company Name: |
Hong Kong Leaders Group Limited (“The
Customer”) |
|
Instrument of Creating Mortgage: |
Assignment of DC Proceeds |
|
Date of Creating Mortgage: |
2008-6-27 |
|
Amount Secured: |
All loans or other advances made or to be
made by the Bank to the Customer against documents submitted under a Documentary
Credit, all monies and liabilities in any currency owing by the Customer to
the Bank at any time, whether separately or jointly, actually or
contingently, present or future, interest on all loans and advances and such
monies and all expenses of the Bank in perfecting or enforcing the
Assignment. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking
Corporation Limited |
|
Address of Mortgagee: |
No. 1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
By way of assignment or agreement to assign in each case as beneficial
owner. All monies in any currency representing proceeds payable or to be paid
to the Customer under the Documentary Credits (as described in the Assignment
of DC Proceeds), all the Customer's right, title, benefit and interest in the
said Documentary Credits the benefit of all powers and remedies for enforcing
the Documentary Credits and any payment made pursuant to the contract for
sale of goods in connection with which the Documentary Credit is issued
(together the "Assigned Proceeds”). The Customer undertakes to the Bank pursuant to the Assignment in
respect of the Assigned Proceeds that: (i) the Assigned Proceeds
are and shall be in the sole beneficial ownership of the Customer free from
encumbrances and claims,(except under the Assignment); (ii) to pay to the Bank or
procure that the Bank is directly paid all Assigned Proceeds and that, unless
otherwise agreed by the Bank, any Assigned Proceeds received by the Customer
shall be held in trust for the Bank and paid over to the Bank forthwith upon
receipt; (iii) not
to assign, charge, encumber, transfer or otherwise dispose of any Assigned
proceeds or any rights under the Documentary Credits except as directed by or
with the consent of the Bank in writing. |
|
2 |
|
|
Company Name: |
Hong Kong Leaders Group Limited (“The
Customer”) |
|
Instrument of Creating Mortgage: |
Mortgage |
|
Date of Creating Mortgage: |
2006-11-3 |
|
Amount Secured: |
To secure “all moneys” in respect of general
banking facilities and interest thereon. |
|
Name of Mortgagee: |
DBS Bank (Hong Kong) Limited |
|
Address of Mortgagee: |
11th Floor; The Center, 99 Queen's Road
Central, Hong Kong |
|
Description of Property Mortgaged: |
2,212/620,800th parts or shares of and in
Tsuen Wan Town Lot No.344 (Unit 16 oh 4th Floor and Car Parking Space N0.V8
and Ancillary Space on Ground Floor of Sun Fung Centre) |
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 |
Interview
Details
|
Name |
Ms. Yang |
|
Department: |
Sales Department |
65621 Labels, Badges and Similar Articles of Textile
Materials, Woven, In the Piece, In Strips or Cut to Shape or Size, Not
Embroidered (Kg)
Unit: HKD/000
|
|
2014.05 |
2014.01~2014.05 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Germany |
2,534 |
1,394 |
11,035 |
8,559 |
|
France |
1,189 |
609 |
4,316 |
4,471 |
|
Britain |
5,915 |
1,888 |
22,734 |
7,983 |
|
India |
1,204 |
380 |
5,345 |
1,786 |
|
Italy |
3,982 |
4,977 |
27,799 |
28,182 |
|
Malaysia
|
3,771 |
618 |
15,970 |
2,637 |
|
Thailand |
3,179 |
950 |
9,556 |
3,269 |
|
Taiwan |
3,212 |
1,038 |
14,547 |
4,008 |
|
The Mainland of China |
337,814 |
49,764 |
1,659,674 |
247,764 |
|
Exports |
||||
|
Bangladesh |
3,860 |
1,615 |
25,486 |
9,803 |
|
Germany |
599 |
154 |
2,340 |
790 |
|
France |
1,347 |
620 |
4,240 |
2,402 |
|
Britain |
1,872 |
668 |
7,812 |
2,988 |
|
India |
2,982 |
1,451 |
14,860 |
6,762 |
|
Italy |
970 |
436 |
2,699 |
1,662 |
|
Korea |
69 |
55 |
1,214 |
581 |
|
Japan |
31 |
30 |
181 |
123 |
|
The Mainland of China |
54,112 |
5,071 |
255,626 |
25,924 |
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 |
|
2011 |
3,764,596 |
65,662 |
3,271,592 |
3,337,253 |
+10.1 |
-427,343 |
|
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 |
|
2013.03 |
340,857 |
5,073 |
286,638 |
291,711 |
+11.2 |
-49,146 |
|
2013.04 |
332,963 |
4,503 |
285,763 |
290,267 |
+9.0 |
-42,696 |
|
2013.05 |
335,809 |
4,818 |
286,724 |
291,542 |
-1.0 |
-44,267 |
|
2013.06 |
327,309 |
4,476 |
273,161 |
277,637 |
-0.2 |
-49,673 |
|
2013.07 |
342,565 |
4,783 |
300,630 |
305,413 |
+10.6 |
-37,152 |
|
2013.08 |
347,059 |
4,932 |
302,558 |
307,490 |
-1.3 |
-39,570 |
|
2013.09 |
359,841 |
4,395 |
313,436 |
317,830 |
+1.5 |
-42,010 |
|
2013.10 |
361,196 |
4,458 |
318,686 |
323,144 |
+8.8 |
-38,052 |
|
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 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.