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Report No. : |
348558 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
MIRACLE (ASIA PACIFIC) LIMITED |
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Registered Office : |
Unit 04, 7/F, Bright Way Tower, No. 33 Mong Kok Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.09.2006 |
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Com. Reg. No.: |
1073803 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employee : |
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 : |
Offshore company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Exist |
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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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 12.5% 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.
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Source
: CIA |
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Company Name (in
English): |
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Supplied Name: |
MIRACLE (ASIA
PACIFIC) LIMITED |
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Supplied Address: |
ROOM NO 704,
BRIGHT WAY TOWER 33, MONGKOK ROAD MONGKOK, KOWLOON HONGKONG |
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.
According to the subject’s registered Chinese name, we found a telephone
number +86-20-2282-2400 from public files, we tried to contact the subject
through it, a lady answered it and introduced that this number belongs to
subject’s Mainland office which locates at Guangzhou City, Mainland China. She
introduced that Mainland office is charge of subject’s sale business, customers
can contact mainland office directly, but she refused to disclose any other
information of the subject.
We obtain the information of Mainland office of the subject from public
files as following for you reference:
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Address: |
Room 2801 and
2802, New World Centre S. Tower, No. 2191, Guangyuan E. Rd., Guangzhou, Guangdong Province, China |
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Tel: |
+86-20-2282-2400 |
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.
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Registered Name: |
|
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Registered Address: |
Unit 04, 7/F, Bright Way Tower, No. 33 Mong
Kok Road, Kowloon, HK |
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Date of Registration: |
2006-9-13 |
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Registered Number: |
1073803 |
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Business Registration No.: |
37160823 |
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Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares @ HKD 1 (As of 2015.11, 1 HKD = 0.129 USD) |
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Legal Form: |
Private Limited Liability Company |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2015-9-13 |
Subject was incorporated on 2006-9-13 with the registered number 1073803
as Private Limited Liability Company in Hong Kong.
Subject did not register any subsidiaries or branches; from other source
we cannot obtain the relevant information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Dhiraj Chander Hiranandani |
5,000 |
50% |
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Seema Dhiraj Hiranandani |
5,000 |
50% |
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Total |
10,000 |
100% |
Major
Shareholder Information:
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1 |
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Name: |
Dhiraj Chander Hiranandani |
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Address: |
Eton 18, Block B, 10th Floor, Room No. 1003, 194 Long Kou Xi
Lu, Guangzhou 510630, China |
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2 |
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Name: |
Seema Dhiraj Hiranandani |
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Address: |
Eton 18, Block B, 10th Floor, Room No. 1003, 194 Long Kou Xi
Lu, Guangzhou 510630, China |
Core Management
Detailed
Information of Directors:
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1 |
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Name: |
Dhiraj Chander Hiranandani |
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Address: |
Eton 18, Block B, 10th Floor, Room No. 1003, 194 Long Kou Xi
Lu, Guangzhou 510630, China |
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Position: |
Director |
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Passport Number: |
Z2073024 |
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Issuing Country: |
India |
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2 |
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Name: |
Seema Dhiraj Hiranandani |
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Address: |
Eton 18, Block B, 10th Floor, Room No. 1003, 194 Long Kou Xi
Lu, Guangzhou 510630, China |
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Position: |
Director |
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Passport Number: |
Z2100497 |
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Issuing Country: |
India |
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3 |
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Name: |
Lianbang INT’L Business (HK) Limited |
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Address: |
Unit 04, 7/F, Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong
Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
1247280 |
Offices & Factories
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.
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Date: |
2015-05-27 |
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Court Name: |
District Court Tax Claim |
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Court No.: |
563 |
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Claimant: |
Commissioner of Inland Revenue |
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Defendant: |
Miracle (Asia Pacific) LTD |
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Reason: |
TAX |
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Amount(HKD): |
HKD 134,980.00 |
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2 |
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Date: |
2014-03-20 |
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Court Name: |
Magistrates' Courts |
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Court No.: |
KCS45942 |
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Claimant: |
KCS45942/2013 |
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Defendant: |
Miracle (Asia Pacific) LTD |
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Reason: |
Failing to furnish Profits Tax Return (Letter of Authorisation (Company)) |
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3 |
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Date: |
2013-02-19 |
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Court Name: |
District Court Tax Claim |
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Court No.: |
382 |
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Claimant: |
Commissioner of Inland Revenue |
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Defendant: |
Miracle (Asia Pacific) LTD c/o |
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Reason: |
TAX |
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Amount(HKD): |
HKD 34,650.00 |
Mortgage Record
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Company Name: |
Miracle (Asia Pacific) Limited |
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Instrument of Creating Mortgage: |
Lien & Set-Off Agreement |
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Date of Creating Mortgage: |
2007-6-26 |
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Amount Secured: |
For Securing (General Credit Facility) Allowed To Miracle (Asia
Pacific) Limited From Time To Time By HBZ Finance Limited |
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Name and Address of Mortgagee: |
HBZ Finance Limited 11/F, Yue Hwa International Building. 1, Kowloon Park Drive, T.S.T.
Kowloon, Hong Kong |
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Description of Property Mortgaged: |
Fixed Deposit(S) As Per Enclosed Schedule In The Name Of Miracle (Asia
Pacific) Limited Any Extensions Or Renewals Thereof In Part By New Fixed Deposit
Receipt(S) Bearing Different Receipt(S) Number. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.34 |
|
|
1 |
Rs.100.03 |
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Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
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Report Prepared
by : |
ANK |
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 |
-- |
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.