MIRA INFORM REPORT
|
Report No. : |
344867 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GINNI INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, |
|
|
|
|
Country : |
Hong Kong
|
|
|
|
|
Date of Incorporation : |
14.05.2001 |
|
|
|
|
Com. Reg. No.: |
756628 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
From public files, we found subject is engaged
in sale of woven fabric and denim fabric. But which is not confirmed by the
subject. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
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 |
Contact Points
|
Company Name: |
GINNI INTERNATIONAL LIMITED |
|
Supplied Name: |
GINNI INTERNATIONAL LTD |
|
Trading Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
Supplied Address: |
RM 602 6/F, Rightful Centre No 12, Tak Hing
Street Jordan KOwloon |
Note: The exact name and address are as above.
Special Note
We visited the supplied address, and found the
subject is located at it. But the relevant staff declined to disclose any
information for confidential reasons.
From public files, we found a telephone number
+852-2366-3909 according to the supplied name. We tried to contact the number
several times, but no one answered it.
From public files, we found subject is engaged
in sale of woven fabric and denim fabric. but which is not confirmed by the
subject.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Rm. 602, 6F,
Rightful Centre, No. 12 Tak Hing St., Jordan, Kowloon, Hong Kong |
|
Date of Registration: |
2001-5-14 |
|
Registered Number: |
756628 |
|
Business Registration No.: |
31797294 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.10, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-5-14 |
Notes: Subject declined to disclose the information
of principal activities and number of staff, and from other source we cannot obtain
the information, either.
History
Subject was incorporated on 2001-5-14 with the
registered number 756628 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholders
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Minakshi Prem Ahuja |
2,000 |
20% |
|
Prem Chimanlal Ahuja |
8,000 |
80% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
Minakshi Prem Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
2 |
|
|
Name: |
Prem Chimanlal Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Siddarath Prem Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R027909(8) |
|
2 |
|
|
Name: |
Spandan Prem Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak Hing
St., Jordan, Kowloon, Hong Kong |
|
Position: |
Director |
|
ID Number: |
R020665(1) |
|
3 |
|
|
Name: |
Rajesh Chimanlal Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
Position: |
Director |
|
Passport Number: |
Z1862626 |
|
Issuing Country: |
India |
|
4 |
|
|
Name: |
Prem Chimanlal Ahuja |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
Position: |
Director |
|
Registered Number: |
P979151(9) |
|
5 |
|
|
Name: |
Sunwell Accounting & Secretarial Limited
|
|
Address: |
Units A-C, 25F, Seabright Plaza, No. 9-23
Shell St., North Point, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
344808 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
Premises Information
Office address:
|
Address: |
Rm. 602, 6F, Rightful Centre, No. 12 Tak
Hing St., Jordan, Kowloon, Hong Kong |
|
Owners: |
Australian Fine Furniture Limited |
|
Memorial Number: |
11022202050099 Assignment With Plan |
|
Date of Instrument: |
2011-2-7 |
|
Date of Registration: |
2011-2-22 |
|
Consideration Value: |
HKD 3,168,000.00 |
History of Premises Owners’
|
1 |
|
|
Memorial No.: |
13030802360040 |
|
Date of Instrument: |
2013-2-22 |
|
Date of Registration: |
2013-3-8 |
|
Nature: |
Deed of Variation |
|
In Favor of: |
HANG SENG BANK LIMITED |
|
Consideration: |
HKD 3,168,000.00 |
|
2 |
|
|
Memorial No.: |
11022202050102 |
|
Date of Instrument: |
2011-2-7 |
|
Date of Registration: |
2011-2-22 |
|
Nature: |
Mortgage |
|
In Favor of: |
HANG SENG BANK LIMITED |
|
Consideration: |
TO SECURE ALL MONEYS IN RESPECT OF GENERAL
BANKING FACILITIES |
|
3 |
|
|
Memorial No.: |
10112602700082 |
|
Date of Instrument: |
2010-11-12 |
|
Date of Registration: |
2010-11-26 |
|
Nature: |
AGREEMENT FOR SUB-SALE AND PURCHASE |
|
In Favor of: |
AUSTRALIAN FINE FURNITURE LIMITED |
|
Consideration: |
-- |
Operation Information
From public files, we found subject is engaged
in sale of woven fabric and denim fabric. but which is not confirmed by the
subject.
Trademark
|
1 |
|
|
Trade Mark No.: |
300585603 |
|
Status: |
Registered |
|
Mark: |
C D Charles Dumont
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
Ginni International Limited |
|
Owner's Address |
Ginni International Limited |
|
Class No.: |
|
|
Specification: |
Class 14 |
|
Date of Filing: |
22-02-2006 |
|
Date of Publication of |
04-05-2006 |
|
Date of Registration: |
22-02-2006 |
|
Actual Date of |
16-08-2006 |
|
Expiry date: |
21-02-2016 |
|
2 |
|
|
Trade Mark No.: |
300585595 |
|
Status: |
Registered |
|
Mark: |
Bentini
|
|
Mark Type: |
Ordinary |
|
Owner's Name, Address: |
Ginni International Limited |
|
Owner's Address |
Ginni International Limited |
|
Class No.: |
|
|
Specification: |
|
|
Date of Filing: |
22-02-2006 |
|
Date of Publication of |
21-04-2006 |
|
Date of Registration: |
22-02-2006 |
|
Actual Date of |
02-08-2006 |
|
Expiry date: |
21-02-2016 |
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
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
|
Date: |
2010-07-26 |
|
Court Name: |
High Court Commercial Action |
|
Court No.: |
LBTC7149 |
|
Claimant: |
NAVDEEP-SINGH |
|
Defendant: |
GINNI INTERNATIONAL LIMITED (Claimant in counterclaim) (LBTC) (Parties) |
|
Reason: |
Not Stated |
|
2 |
|
|
Date: |
2010-07-03 |
|
Court Name: |
High Court Commercial Action |
|
Court No.: |
LBTC7149 |
|
Claimant: |
NAVDEEP-SINGH |
|
Defendant: |
GINNI INTERNATIONAL LIMITED |
|
Reason: |
Not Stated |
|
3 |
|
|
Date: |
2010-05-25 |
|
Court Name: |
High Court Commercial Action |
|
Court No.: |
LBTC7149 |
|
Claimant: |
NAVDEEP-SINGH |
|
Defendant: |
GINNI INTERNATIONAL LIMITED |
|
Reason: |
Not Stated |
|
4 |
|
|
Date: |
2010-04-15 |
|
Court Name: |
High Court Commercial Action |
|
Court No.: |
LBTC714 |
|
Claimant: |
NAVDEEP-SINGH |
|
Defendant: |
GINNI INTERNATIONAL LIMITED |
|
Reason: |
Not Stated |
|
5 |
|
|
Date: |
2009-12-14 |
|
Court Name: |
High Court Commercial Action |
|
Court No.: |
LBTC7149 |
|
Claimant: |
NAVDEEP-SINGH |
|
Defendant: |
GINNI INTERNATIONAL LIMITED |
|
Reason: |
Not Stated |
|
6 |
|
|
Date: |
2006-08-03 |
|
Court Name: |
District Court Civil Action |
|
Court No.: |
3776 |
|
Claimant: |
Ginni International Ltd |
|
Defendant: |
Lee Hon Lik Co Ltd |
|
Reason: |
Deposit |
|
Amount(HKD): |
500,000.00 |
Mortgage Record
|
1 |
|
|
Company Name: |
Ginni International Ltd |
|
Instrument of Creating Mortgage: |
Letter of Lien |
|
Date of Creating Mortgage: |
2008-4-30 |
|
Amount Secured: |
Advances and other facilities including
stand by letter of credit granted to the company from time to time. |
|
Name of Mortgagee: |
Bank of India, Shenzhen Branch |
|
Address of Mortgagee: |
Suite No. 2004-2005, 20th Floor,
Golden Business Center, No. 2028, Shennan Rd. East, Shenzhen, PRC 518007 |
|
Description of Property Mortgaged: |
Any credit balance in the company’s current/services
Account or in respect of moneys kept on term deposit or deposits withdrawable
after notice or any other deposits. |
|
2 |
|
|
Company Name: |
Ginni International Ltd |
|
Instrument of Creating Mortgage: |
Letter of Lien |
|
Date of Creating Mortgage: |
2008-4-11 |
|
Amount Secured: |
Advances and other facilities including
stand by letter of credit granted to the company from time to time. |
|
Name of Mortgagee: |
Bank of India, Shenzhen Branch |
|
Address of Mortgagee: |
Suite No. 2004-2005, 20th Floor,
Golden Business Center, No. 2028, Shennan Rd. East, Shenzhen, PRC 518007 |
|
Description of Property Mortgaged: |
Any credit balance in the company’s
current/services Account or in respect of moneys kept on term deposit or deposits
withdrawable after notice or any other deposits. |
Attachment
Address: Rm. 602, 6F, Rightful Centre, No. 12 Tak Hing St., Jordan,
Kowloon, Hong Kong
Rightful Centre, No. 12 Tak Hing St., Jordan, Kowloon, Hong Kong
Rm. 602, 6F, Rightful Centre, No. 12 Tak Hing St., Jordan, Kowloon, Hong
Kong
Rm. 602, 6F, Rightful Centre, No. 12 Tak Hing St., Jordan, Kowloon, Hong
Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.