MIRA INFORM REPORT
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Report No. : |
348242 |
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Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
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Name : |
PLUSH COLLECTION COMPANY LIMITED |
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Registered Office : |
Unit No. 1, 11/F, Lee Wai Commercial Bldg.,
1&3 Hart Avenue, Tsim Sha Tsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.03.2014 |
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Com. Reg. No.: |
62832544 |
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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 Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – 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 |
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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.
|
Source
: CIA |
Contact
Points
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Company Name: |
Plush Collection Company Limited |
|
Supplied Name: |
Plush Collection Company Ltd |
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Supplied Address: |
Unit 1, 11th Floor, Lee Wai Commercial Bldg, 1&3 hart Avenue TSIM
SHA TSUI Kowloon |
Note: Since we failed to find subject, the trading address is not available
from any sources.
Special
Note
We visited the supplied address, but did not
find the subject on it. We tried to get some information from the guard of the
building, but he declined to disclose any information for confidentiality
reason.
According to the supplied name, we cannot
obtain any operation or contact information of the subject from public files.
Up 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
|
Registered Name: |
|
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Registered Address: |
Unit No. 1,
11/F, Lee Wai Commercial Bldg., 1&3 Hart Avenue, Tsim Sha Tsui, Kowloon,
Hong Kong |
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Date of Registration: |
2014-3-4 |
|
Registered Number: |
2045918 |
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Business Registration No.: |
62832544 |
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Registered Capital: |
HKD 300,000 (USD 38,700) (As of 2015.11, 1 HKD = 0.129 USD) |
|
Paid-up Capital: |
HKD 300,000 (USD 38,700) = 300,000 Shares @
HKD 1 |
|
Legal Form: |
Private Limited Liability Company |
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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: |
2015-3-4 |
Notes: Since we failed to
find the subject, the staff number is not available from any sources.
History
Subject was incorporated on 2014-3-4 with the
registered number 2045918 as Private Limited Liability Company in Hong Kong.
Corporate
Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Founder Members
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Baid, Navin Uttam Gyan Singh |
300,000 |
100% |
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Total |
300,000 |
100% |
Founder Information:
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Name: |
Baid, Navin Uttam Gyan Singh |
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Address: |
Flat A2, 8/F., Pak On Building, 105 Austin
Rd., Tsimshatsui, Kowloon, Hong Kong |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Baid, Navin Uttam Gyan Singh |
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Address: |
Flat A2, 8/F., Pak On Building, 105 Austin
Rd., Tsimshatsui, Kowloon, Hong Kong |
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Position: |
Director |
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ID Number: |
M170662(A) |
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2 |
|
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Name: |
Hashmi Secretarial Services Limited |
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Address: |
Unit B, 3rd Floor, Chun Wah
Commercial Building, No. 30 Minden Avenue, T.S.T, Kowloon, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
770656 |
Operation
Information
Offices & Factories
We cannot confirm subject current trading
address at this stage.
Operation
Information
We cannot obtain any operation information of
the subject from public files. Since we cannot contact the subject, the
information is not available from any other sources.
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.
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
Address: Unit 1, 11/F, Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst
Kowloon, Hong Kong
Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon, Hong Kong
Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon, Hong Kong
11/F, Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon, Hong
Kong
11/F, Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon, Hong
Kong
Unit 1, 11/F, Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon,
Hong Kong
Unit 1, 11/F, Lee Wai Commercial Bldg, 1&3 Hart Avenue, Tst Kowloon,
Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
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 |
|
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.