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Report No. : |
314417 |
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Report Date : |
24.03.2015 |
IDENTIFICATION DETAILS
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Name : |
HONEYWAY INTERNATIONAL LTD. |
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Registered Office : |
c/o FS Account Ltd. Flat A1, 9/F., Silvercorp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.03.2009 |
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Com. Reg. No.: |
50382955 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
subject is trading in the products of Debang such
as the followings:- ·
Core Needle; ·
Dispart Needle; ·
Finishing Machine; ·
Guide Needle; ·
Products Warp Knitting Beam; ·
Sinker Needle; ·
Slitting Machine; ·
Spare Parts; ·
Thermo Brushing Machine; ·
Warp Knitting Machine; ·
Warping Machine; & ·
Yarn. |
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No. of Employees : |
No Employees in Hong Kong 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. |
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
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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.
|
Source
: CIA |
(Formerly located
at
C/o Hongkong Chinaflyhk Secretary Service Ltd.
Room 1202, 12/F., Tung Chun Commercial Centre,
438-444 Shanghai Street, Kowloon,
Hong Kong.)
HONEYWAY
INTERNATIONAL LTD.
REGISTERED
OFFICE:-
c/o FS Account Ltd.
Flat A1, 9/F., Silvercorp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon, Hong Kong.
Associated company
in China:-
Jinhua Debang Technology Co. Ltd. / Jinhua Xinmao Machinery Factory
Zhenbei Industrial Area, Xiaoshun Town, 321035 Jinhua City, Zhejiang
Province, China.
[Tel: 86-579-8295 3596
Fax: 86-579-8295 3296
E-mail: txbeam@gmail.com
Mobile: 86-1385 8939 578]
50382955
1315030
11th March, 2009
HK$10,000.00
(As per registry dated 11-03-2014)
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Name |
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No. of shares |
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XU Yuzhen |
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10,000 ===== |
(As per registry dated 11-03-2014)
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Name (Nationality) |
Address |
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XU Yuzhen |
Room 725, Lindun Building, No. 100, North Hengfeng Road, Shanghai,
China. |
(As per registry dated 11-03-2014)
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Name |
Address |
Co. No. |
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FS Account Ltd. |
Flat A, 9/F., Silvercorp International Tower, 707-713 Nathan Road,
Mongkok, Kowloon, Hong Kong. |
1268512 |
The subject was incorporated on 11th March, 2009 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Room 1202,
12/F., Tung Chun Commercial Centre, 438-444 Shanghai Street, Kowloon,
Hong Kong where was the operating address of a commercial service provider
known as Hongkong Chinaflyhk Secretary Service Ltd. The subject moved to the present address in
March 2013 as it has changed its commercial service provider since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Having issued 10,000 ordinary shares, Honeyway International Ltd. is
wholly owned by Ms. Xu Yuzhen who is a China businesswoman. She is a China ID holder and does not have
the right to reside in Hong Kong permanently.
She is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “Flat A, 9/F., Silvercorp International Tower, 707-713
Nathan Road, Mongkok, Kowloon, Hong Kong” known as “FS Account Ltd.” which is
handling its correspondences and documents.
This company is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
According to your given China mobile phone number 86-1385 8939 578, we
can reach Ms. Xu Yuzhen who is currently in Jinhua City, Zhejiang Province,
China. She is the sales manager of
Jinhua Debang Technology Co. Ltd. [Debang]/Jinhua Xinmao Machinery Factory.
Debang Technology is a leading name in the Textile Industry. It is offering products and professional
services to the textile customers all over the world.
The subject is
trading in the products of Debang such as the followings:
·
Core Needle;
·
Dispart Needle;
·
Finishing Machine;
·
Guide Needle;
·
Products Warp Knitting Beam;
·
Sinker Needle;
·
Slitting Machine;
·
Spare Parts;
·
Thermo Brushing Machine;
·
Warp Knitting Machine;
·
Warping Machine; &
·
Yarn.
Most of the products bear the brand name Yongjiu.
Debang’s factory known as Jinhua Xinmao Machinery Factory has been in this
line since 1998. The factory area covers
15,000 sq.m.
It has grown to a large manufacturer of warp knitting beams in
China. Daily production capacity is 200
pieces. 40% of the beams are exported to
more than 10 countries like India, Turkey, South Korea, Russia, Indonesia,
Brazil.
The beams are made of high-strength aluminium alloy, processed by CNC
lathes, automatic welding, surface polishing, dynamic balance checking and
hard-anodising, etc. The beams are
characterized by high strength, super precision on dimension, smooth surface,
and excellent compatibility with all widely used warp knitting machines, such
as Karl Mayer, LIBA.
According to Ms. Ms. Xu Yuzhen, India is one of the main markets of the
products of her factory. Now, Debang has
set up sales offices in Jiangsu Province, Fujian Province, Zhejiang Province
and Guangdong Province. Business is
rather active.
The subject does not have a bank account in Hong Kong. Debang Technology has been banking with
Shanghai Pudong Development Bank Co. Ltd.
The subject’s business in Hong Kong is not active. History in Hong Kong is over five years.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.29 |
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|
1 |
Rs.93.02 |
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Euro |
1 |
Rs.67.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.