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Report No. : |
322676 |
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Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
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Name : |
KING WINNER INTERNATIONAL LIMITED |
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Registered Office : |
2F, Western Comm. Bldg., 31 Des Voeux Rd. West, Sheung Wan |
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Country : |
Hong Kong
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Date of Incorporation : |
10.01.2014 |
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Com. Reg. No.: |
2024743 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
|
-- |
NB |
New Business |
-- |
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|
Status : |
New Business |
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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) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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 40.7 million
in 2013, 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 48.5% of
the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9%
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. As of year-end 2014, the Democracy protests that
began in late September probably will have some adverse effects on economic
growth, particularly retail sales.
|
Source
: CIA |
|
Company Name (in Chinese): |
廣榮國際有限公司 |
|
Company Name (in English): |
KING WINNER INTERNATIONAL LIMITED |
|
Supplied Name: |
KING WINNER INTERNATIONAL LIMITED |
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Supplied Address: |
2/F, Western Commercial Building, 31 Des Voeux Road West Sheung Wan |
Note: The exact name is as above.
We cannot find
subject’s any operation information or valid contact information in Hong Kong
through public files according to supplied name.
As the supplied
address, which is also subject’s registered address, is that of subject’s corporate
secretary (International Accounting & Consultant Limited), we cannot obtain
any information of the subject according to it.
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.
|
Registered Name: |
|
|
Registered
Address: |
2F, Western Comm. Bldg., 31 Des Voeux Rd. West, Sheung Wan, Hong Kong |
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Date of
Registration: |
2014-1-10 |
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Registered Number: |
2024743 |
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Business
Registration No.: |
62619693 |
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Paid-up Capital: |
HKD 10,000 (USD
1,290) = 10,000 Shares@ HKD 1 (As of 2015.5, 1 HKD
= 0.129 USD) |
|
Legal Form: |
Private Limited
Liability Company |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2015-1-10 |
Subject was
incorporated on 2014-1-10 with the registered number 2024743 as Private Limited
Liability Company in Hong Kong.
Subject did not register any subsidiaries or branches, from other source
we can not obtain the relevant information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Rana Preet Kamal
Singh |
10,000 |
100% |
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Total |
10,000 |
100% |
Major Shareholder Information:
|
Name: |
Rana Preet Kamal
Singh |
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Address: |
B 56 Yadav Park
Main Rohtak Rd. Mangloi, Delhi, Pin: 110041, India |
Core Management
Detailed Information of Directors:
|
1 |
|
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Name: |
Rana Preet Kamal
Singh |
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Address: |
B 56 Yadav Park
Main Rohtak Rd. Mangloi, Delhi, Pin: 110041, India |
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Position: |
Director |
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Passport Number: |
K9542427 |
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Issuing Country: |
India |
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2 |
|
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Name: |
International
Accounting & Consultant Limited |
|
Address: |
2F, Western Comm.
Bldg., 31 Des Voeux Rd. West, Sheung Wan, Hong Kong |
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Position: |
Company Secretary |
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Registered Number: |
1272054 |
Subject does not have
business entity in Hong Kong.
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.
Mortgage Record
No mortgage record
of the subject was found.
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 |
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High Court
Companies Winding-Up: |
Clear |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.87 |
|
|
1 |
Rs.98.89 |
|
Euro |
1 |
Rs.70.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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|
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Report Prepared
by : |
TPT |
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 |
|
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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 |
|
|
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.