MIRA INFORM REPORT
|
Report No. : |
343930 |
|
Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
WEALTHY LINK (ASIA) LIMITED |
|
|
|
|
Registered Office : |
Units 1116-1122, 11/F., Grandtech Centre, 8
On Ping Street, Shatin, N.T., |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
30.05.1997 |
|
|
|
|
Com. Reg. No.: |
610571 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Electronic Products. |
|
|
|
|
No. of Employee : |
About 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
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 |
Contact
Points
|
Company Name (in English): |
|
|
Supplied Name: |
WEALTHY LINK (ASIA) LTD |
|
Trading Address: |
Units 1116-1122, 11/F., Grandtech Centre, 8 On Ping Street, Shatin,
N.T., Hong Kong |
|
Supplied Address: |
UNITS 1116-1122 11/F GRANDTECH CENTER 8 ON PING STREET SHATIN NEW
TERRITORIES HONG KONG |
Note: The exact name and
address are as above.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Units 1116-1122, 11/F., Grandtech Centre,
8 On Ping Street, Shatin, N.T., Hong Kong |
|
Telephone Number: |
+852-2624-8183 |
|
Fax Number: |
+852-2624-9261 |
|
Date of Registration: |
1997-5-30 |
|
Registered Number: |
610571 |
|
Business Registration No.: |
21002237 |
|
Paid-up Capital: |
HKD 10,000,000 (USD 1,290,000) =
10,000,000 Shares @ HKD 1 (As of 2015.8, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
76412--Other apparatus for transmission or reception of voice, images
or other data, including apparatus for communication in a wired or wireless
network (such as a local or wide area network) (no.) |
|
Principal Activities: |
Trading of electronic products, etc |
|
Staff: |
About 10 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-5-30 |
History
Subject was incorporated on 1997-5-30 with the registered number 610571 as
Private Limited Liability Company in Hong Kong.
Transfer of
Shares:
|
2014-6-16 |
||
|
Transferred From |
No. of Shares Transferred |
Transferred To |
|
Yu Yong |
1 |
Laser Belt Limited |
|
2014-9-10 |
||
|
Laser Belt Limited |
10,000,000 |
Shenzhen Chuangjie Supply Chain Co., Ltd. (Literal Translation) |
Corporate
Structure
Major Related
Company
|
Name: |
Shenzhen SJET Technology Co., Ltd. (Translated) |
|
Address: |
Room 3D, Bldg A, Xuesong Building, Tairan 6th Road, Futian District,
Shenzhen City, Guangdong Province, China |
|
Tel: |
+86-755-8376-1999 |
|
Fax: |
+86-755-8376-0000 |
|
Date of Registration: |
1995-9-14 |
|
Registered Number: |
440301102715912 |
|
Registered Capital: |
CNY 60,000,000 |
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Shenzhen Chuangjie Supply Chain Co., Ltd. (Literal Translation) |
10,000,000 |
100% |
|
Total |
10,000,000 |
100% |
Shareholder
Information:
|
Name: |
Shenzhen Chuangjie Supply Chain Co., Ltd. (Literal Translation) |
|
Address: |
Rm. 1001-1002, Block B, Shenzhen International Chamber of Commerce
Building, Xinzhou Rd., Futian, Shenzhen, China |
|
Date of Registration: |
2007-8-29 |
|
Registered Number: |
440301102821570 |
|
Registered Capital: |
CNY 60,000,000 |
|
Legal Representative: |
Huang Yucun |
Former Shareholder
Information:
|
1 |
|
|
Name: |
Laser Belt Limited |
|
Address: |
Sea Meadow House, Blackburne Highway, Road Town, Tortola, British
Virgin Islands |
|
2 |
|
|
Name: |
Yu Yong |
|
Address: |
Room 2509, Runheng Building, Futian District, Shenzhen City, Guangdong
Province, China |
Management
Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Huang Yucun |
|
Address: |
Room 13A, Block 8, Fu Lu Ju, Donghai Garden, No.2, Xianglin Road,
Futian District, Shenzhen City, Guangdong Province, China |
|
Position: |
Director |
|
ID Number: |
440527196305082235 |
|
2 |
|
|
Name: |
Yu Yong |
|
Address: |
Room 2509, Runheng Building, Futian District, Shenzhen City, Guangdong
Province, China |
|
Position: |
Director |
|
ID Number: |
32110219640404241X |
|
3 |
|
|
Name: |
Right Point Accountancy & Secretaries Limited |
|
Address: |
Rooms 1506-1508, 15/F., Laws Commercial Plaza, 788 Cheung Sha Wan
Road, Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
784052 |
Personnel
Structure
|
Total Employees |
Operation
Information
Offices &
Factories
|
|
Office |
|
Address: |
Units 1116-1122, 11/F., Grandtech Centre, 8 On Ping Street, Shatin,
N.T., Hong Kong |
Premises
Information
Office address:
|
Address: |
Unit 16 on 11/F of Grandtech Centre, No.8 On Ping Street, Shatin New Territories |
|
Owners: |
Mapletreelog GTC (HKSAR) Ltd. |
|
Memorial Number: |
07062702230108 Assignment with plans |
|
Date of Instrument: |
2007-6-5 |
|
Date of Registration: |
2007-6-27 |
|
Consideration Value: |
HKD 553,000,000.00 (PT.) |
History of Premises
Owners’
|
1 |
|
|
Memorial No.: |
07050401560088 |
|
Date of Instrument: |
2007-5-1 |
|
Date of Registration: |
2007-5-4 |
|
Nature: |
Agreement for sale and purchase Remarks: See assignment mem. no. 07062702230108 |
|
In Favor of: |
Mapletreelog GTC (HKSAR) Ltd |
|
Consideration: |
HKD 553,000,000.00 (PT.) |
|
2 |
|
|
Memorial No.: |
ST885066 |
|
Date of Instrument: |
1996-6-28 |
|
Date of Registration: |
1996-8-6 |
|
Nature: |
Deed of mutual covenant and management agreement |
|
In Favor of: |
Office Buildings Management Limited "The Manager" |
|
3 |
|
|
Memorial No.: |
ST861697 |
|
Date of Instrument: |
1996-4-20 |
|
Date of Registration: |
1996-5-3 |
|
Nature: |
Certificate of compliance by district lands office, Shatin |
|
In Favor of: |
Roville Company Limited |
Production
Information
Subject is engaged in trading of electronic products, etc. without any
production activities.
Purchase
Information
It is introduced that subject purchases products mainly in Mainland China.
Sales Information
Subject is engaged in sale of electronic products.
Subject’s major products are network camera, related components and
systems.
The products are applied to monitoring of transportation, house and
commercial building
It is introduced that subject also has a storage in the trading address.
Subject’s sales regions include Asia, Europe and America
Settlements
Purchase
Domestic Purchase
|
Products |
Electronic products |
|
Payment Terms |
Cash, T/T |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Electronic products |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Electronic products |
|
Selling Terms |
L/C, T/T |
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.
Subject’s relevant staff rejected to disclose the financial information;
from other sources we could not obtain such information, either.
Bankers
|
1 |
|
|
Name: |
The Hongkong and Shanghai Banking Corporation Limited |
|
2 |
|
|
Name: |
Nanyang Commercial Bank, Limited |
Public
Mortgage Record
|
1 |
|
|
Company Name: |
Wealthy Link (Asia) Limited (“the Customer”) |
|
Instrument of Creating Mortgage: |
Security over deposits with the bank |
|
Date of Creating Mortgage: |
2012-8-13 |
|
Amount Secured: |
To secure “all monies” in respect of banking facilities owing at any time
plus interest and all expenses. |
|
Name of Mortgagee: |
The Hongkong and Shanghai Banking Corporation Limited |
|
Address of Mortgagee: |
No.1 Queen’s Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Initially USD 1,000,000. – or equivalent and all monies whether now or
hereafter standing to the credit of the Company’s deposit with the Bank under
deposit number 126-488774 and whatever currency it may subsequently be
denominated in, any renewal of such deposit & the interest thereon
together with any further moneys in any deposit account with the Bank at any
of its offices. |
|
2 |
|
|
Company Name: |
Wealthy Link (Asia) Limited (“the Company”) |
|
Instrument of Creating Mortgage: |
Charge on Deposit(s) |
|
Date of Creating Mortgage: |
2011-3-1 |
|
Amount Secured: |
To secure the payment of all moneys, obligations and liabilities,
whether actual or contingent, which are now or may at any time hereafter be
or become due, owing or incurred to the mortgagee by the “Company” |
|
Name of Mortgagee: |
Nanyang Commercial Bank, Limited (the “Bank”) |
|
Address of Mortgagee: |
151 Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Deposit balance placed or to be placed with Nanyang Commercial Bank, Limited
under the account no. 04350910147513 maintained in the name(s) of the
Company. |
|
3 |
|
|
Company Name: |
Wealthy Link (Asia) Limited |
|
Instrument of Creating Mortgage: |
Charge on Deposit(s) |
|
Date of Creating Mortgage: |
2010-12-15 |
|
Amount Secured: |
To secure the payment of all moneys, obligations and liabilities,
whether actual or contingent, which are now or may at any time hereafter be
or become due, owing or incurred to the mortgagee by the “Company” |
|
Name of Mortgagee: |
Nanyang Commercial Bank, Limited (the “Bank”) |
|
Address of Mortgagee: |
151 Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
Deposit balance placed or to be placed with Nanyang Commercial Bank, Limited
under the account no. 043-509-9-203477-8 maintained in the name(s) of the
Company. |
|
4 |
|
|
Company Name: |
Wealthy Link (Asia) Limited |
|
Instrument of Creating Mortgage: |
Charge on Deposit(s) |
|
Date of Creating Mortgage: |
2010-12-15 |
|
Amount Secured: |
To secure the payment of all moneys, obligations and liabilities,
whether actual or contingent, which are now or may at any time hereafter be
or become due, owing or incurred to the mortgagee by the “Company” |
|
Name of Mortgagee: |
Nanyang Commercial Bank, Limited (the “Bank”) |
|
Address of Mortgagee: |
151 Des Voeux Road Central, Hong Kong |
|
Description of Property Mortgaged: |
All the fixed deposit(s) and/or all call deposit(s) of whatever nature
and in whatever currency now or at any time hereafter maintained or to be
maintained by the Company with Nanyang Commercial Bank, Limited under
signature number 002 and customer number 043-0782604-0. |
Lawsuits
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 |
|
High Court Companies Winding-Up: |
Clear |
Special
Note
Interview Details
|
Name |
Ms. Zhou |
|
Department: |
Sales Department |
Industry
Information
76412--Other apparatus for transmission or reception of voice,
images or other data, including apparatus for communication in a wired or
wireless network (such as a local or wide area network) (no.)
Unit: HKD/000
|
|
2014.12 |
2014.01~2014.12 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
United Arab
Emirates |
1,601 |
1,380 |
5,427 |
8,125 |
|
Argentina |
-- |
-- |
400 |
105 |
|
2,009 |
409 |
2,230 |
5,642 |
|
|
Australia |
2,805 |
3,697 |
57,006 |
185,404 |
|
Belgium |
10 |
85 |
3,329 |
20,968 |
|
Canada |
999 |
2,467 |
24,141 |
68,282 |
|
Switzerland |
36 |
2,172 |
5,785 |
8,420 |
|
The Mainland of
China |
14,793,340 |
5,070,374 |
237,652,511 |
49,499,336 |
|
Exports |
||||
|
United Arab
Emirates |
5 |
12 |
550 |
541 |
|
Australia |
101 |
414 |
263 |
1,136 |
|
Britain |
10 |
270 |
97 |
5,118 |
|
Canada |
-- |
-- |
9,900 |
1,875 |
|
USA |
20,010 |
659 |
54,168 |
10,303 |
|
Korea |
5 |
167 |
425 |
851 |
|
Japan |
120 |
75 |
224 |
681 |
|
The Mainland of
China |
681 |
1,222 |
28,803 |
16,177 |
External
Trade Information:
External
Merchandise Trade Aggregate Figures
Unit: HKD/ Million
|
|
Imports |
Domestic Exports |
Re-exports |
Total exports |
Year-on-year %
change of Total exports |
Merchandise
trade balance |
|
2012 |
3,912,163 |
58,830 |
3,375,516 |
3,434,346 |
+2.9 |
-477,817 |
|
2013 |
4,060,717 |
54,364 |
3,505,322 |
3,559,686 |
+3.6 |
-501,031 |
|
2014 |
4,219,046 |
55,283 |
3,617,468 |
3,672,751 |
+3.2 |
-546,295 |
|
2013.11 |
370,104 |
4,587 |
320,935 |
325,522 |
+5.8 |
-44,581 |
|
2013.12 |
365,228 |
4,596 |
306,281 |
310,877 |
0.0 |
-54,351 |
|
2014.01 |
323,436 |
4,299 |
299,157 |
303,456 |
-0.4 |
-19,979 |
|
2014.02 |
266,587 |
3,276 |
209,638 |
212,914 |
-1.3 |
-53,673 |
|
2014.03 |
351,889 |
5,120 |
296,403 |
301,523 |
+3.4 |
-50,365 |
|
2014.04 |
340,972 |
4,867 |
280,816 |
285,682 |
-1.6 |
-55,290 |
|
2014.05 |
348,323 |
5,299 |
300,673 |
305,973 |
+4.9 |
-42,350 |
|
2014.06 |
352,316 |
4,802 |
304,409 |
309,211 |
+11.4 |
-43,105 |
|
2014.07 |
368,293 |
5,120 |
321,040 |
326,160 |
+6.8 |
-42,132 |
|
2014.08 |
358,750 |
5,289 |
321,937 |
327,225 |
+6.4 |
-31,525 |
|
2014.09 |
382,355 |
4,153 |
327,833 |
331,986 |
+4.5 |
-50,369 |
|
2014.10 |
381,569 |
4,392 |
327,335 |
331,727 |
+2.7 |
-49,842 |
|
2014.11 |
378,946 |
4,701 |
322,082 |
326,783 |
+0.4 |
-52,163 |
|
2014.12 |
372,007 |
4,050 |
308,705 |
312,755 |
+0.6 |
-59,253 |
*Total exports figures
have been rounded to the nearest final digit after summing up the constituent
trade figures.
Attachment
Grandtech Centre, 8 On Ping Street, Shatin, N.T., Hong Kong
%20LIMITED%20-%20343930%2007-Oct-2015_files/image010.gif)
Units 1116-1122, 11/F., Grandtech Centre, 8 On Ping Street, Shatin,
N.T., Hong Kong
%20LIMITED%20-%20343930%2007-Oct-2015_files/image011.gif)
Units 1116-1122, 11/F., Grandtech Centre, 8 On Ping Street, Shatin,
N.T., Hong Kong
%20LIMITED%20-%20343930%2007-Oct-2015_files/image012.gif)
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.39 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.