MIRA INFORM REPORT
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Report No. : |
324078 |
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Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SR INTERNATIONAL |
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Registered Office : |
734 Beverley Comm CTR 87-105 Chatham Rd TST KL |
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Country : |
Hong Kong
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Date of Incorporation : |
15.08.2003 |
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Com. Reg. No.: |
33880502 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Subject is engaged in Trading of DV Card and
Micro SD Card |
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No. of Employees : |
Not Available |
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
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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 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.
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Source
: CIA |
Contact Points
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Company Name: |
SR INTERNATIONAL |
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Supplied Name: |
S R INTERNATIONAL |
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Supplied Address: |
Rm 501, Gold Field Tower 53-59 Wuhu Street Hung Hom Kowloon |
Notes： The exact name is
as above. Since we failed to find subject, the trading address is not available from
any sources.
Special Note
According to the supplied name, we found two
telephone numbers +852-2333-7123, +852-2333-2644 and one mobile number
+852-9043-1532 from public files, we tried to contact the subject through them
for several times but no one answered it.
According to the supplied name, we found an
email address (sodhi@biznetvigator.com) from public files. We tried to
send an email, but we haven’t received any reply until now.
We visited the supplied address and failed to
find company name on the wall or anywhere else on the address. The company
located at the supplied address is named “Flying Art Education Centre”, and the
relevant staffs on the address do not know any information about the subject.
From public files, we found the subject is
engaged in trading of DV Card and Micro SD Card, etc. according to the supplied
name, but which is not confirmed by the subject.
Update to date of reporting, we failed to get
in touch with subject. If you can supply further information such as current
telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Company Identification Details
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Registered Name: |
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Registered Address: |
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Date of Registration: |
2003-8-15 |
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Business Registration No.: |
33880502 |
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Registered Capital: |
N/A |
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Legal Form: |
Sole Proprietorship |
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Principal Activities: |
N/A |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
-- |
Notes: It is not required registered capital for
the company of Sole Proprietorship.
Since we failed to contact the subject,
the principal activities and staff number are not available from any sources.
History
Subject was incorporated on 2003-8-15 with the
Business Registration No. 33880502 as Sole Proprietorship Company in Hong Kong.
Owner
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Name: |
Rajora, Aruna Chanchal S |
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Registered Address: |
2A BlK 37 Laguna City Phase 3 Kwun Tong KL |
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Position: |
Owner |
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ID Number: |
R1790551 |
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Date of Appointment: |
2003-8-15 |
Corporate Structure
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Operation Information
Offices & Factories
We cannot confirm subject’s current trading
address at this stage.
Operation Information
From public files, we found the subject is
engaged in trading of DV Card and Micro SD Card. according to the supplied
name.
Subject’s sales regions include home and
abroad.
Since we cannot get in touch with the subject
until now, the information above is not confirmed by the subject.
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.
Since we failed to get in touch with subject,
the relevant information is not available from any sources.
Bankers
Since we failed to get in touch with subject, the bank
information is not available from any sources.
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 |
Attachment
Rm 501, Goldfield Tower 53-59 Wuhu Street Hung Hom Kowloon
Goldfield Tower 53-59 Wuhu Street Hung Hom Kowloon
5/F., Goldfield Tower 53-59 Wuhu Street Hung Hom Kowloon
Rm 501, Goldfield Tower 53-59 Wuhu Street Hung Hom Kowloon
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.63.57 |
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1 |
Rs.99.67 |
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Euro |
1 |
Rs.70.83 |
INFORMATION DETAILS
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Analysis Done by
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SUB |
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Report Prepared
by : |
VNT |
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.