|
Report No. : |
348264 |
|
Report Date : |
04.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
STARTREK INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
C/o CBS Pacific Ltd. Flat A, 8/F., |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
11.03.2015 |
|
|
|
|
Com. Reg. No.: |
64482755 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
The subject’s lines of business are unknown since the secretarial
company declined to tell us about its business. |
|
|
|
|
No. of Employees : |
No Employee in NOTE: It is to be noted that
the company does not have its own operating office in |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 12.5% of
total system deposits in Hong Kong by the end of 2014. 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 47.3 million in 2014, 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 2014 mainland Chinese
companies constituted about 50% of the firms listed on the Hong Kong Stock
Exchange and accounted for about 60.1% 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 4.4% in 2014. 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 2014, Hong Kong and China signed a new
agreement on achieving basic liberalization of trade in services in Guangdong
Province under the Closer Economic Partnership Agreement, adopted in 2003 to
forge closer ties between Hong Kong and the mainland. The new measures,
effective from March 2015, cover a negative list and a most-favored treatment
provision, and will improve access to the mainland's service sector for Hong
Kong-based companies.
|
Source
: CIA |
The subject is not located at your “Flat A & B, 16/F.,
STARTREK INTERNATIONAL LTD.
Registered
Office:-
C/o CBS Pacific Ltd.
Flat A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road,
Wanchai, Hong Kong.
64482755
2210136
11th March, 2015.
HK$1.00
Nominal Share Capital: HK$ (Divided into
shares of HK$ each)
Issued Share Capital:
(As per registry dated 11-03-2015)
|
Name |
|
No. of share |
|
Baililai Nominees Ltd., Hong Kong. |
|
1 = |
(As per registry dated 28-05-2015)
|
Name (Nationality) |
Address |
|
Wasim Akram MOHAMED HASAN |
No 55/27 Ayyappachetty Street, Mannady, Chennai 600001, Tamil Nadu,
India. |
(As per registry dated 28-05-2015)
|
Name |
Address |
Co. No. |
|
CBS Pacific Ltd. |
Room A, 8/F., Kam Chung Commercial Building, 19‑21 Hennessy Road
Wanchai, Hong Kong. |
0582043 |
The subject was incorporated on 11th March, 2015 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at ‘Room 1501,
15/F., Grand Millennium Plaza (Lower Block), 181 Queen’s Road Central,
Hong Kong’ where was the operating office of a commercial service provider
Baililai Nominees Ltd. It moved to the
present address in May 2015 as it has changed its commercial service provider
since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Startrek International Ltd. was incorporated on 11th March, 2015 as a
private limited liability company.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Room A, 8/F., Kam Chung Commercial Building, 19-21
Hennessy Road Wanchai, Hong Kong’ known as ‘CBS Pacific Ltd.’ [CBS] which is
handling its correspondences and documents.
CBS is also the corporate secretary of the subject. The corporate secretary was appointed on 28th
May, 2015.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued
just only one ordinary share of HK$1.00 which is owned by Baililai Nominees
Ltd. which is a Hong Kong-registered company.
It is the nominal shareholder of the subject.
The director of the subject Wasim Akram Mohamed Hasan is an India
merchant. He is an India passport holder
and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject
and was appointed on 28th May, 2015. His
registered address was in Tamil Nadu, India.
The subject’s lines of business are unknown since the secretarial
company declined to tell us about its business.
The director of the subject cannot be reached as he is not in Hong Kong.
No information of the subject can be obtained from our secondary
sources.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over five
months.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.45 |
|
|
1 |
Rs.100.96 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
|
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.