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Report No. : |
345032 |
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Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
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Name : |
GOOD MAX
ASIA LTD. |
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Registered Office : |
Suite 1101, 11/F., Supreme House, 2A Hart Avenue, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.10.2013 |
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Com. Reg. No.: |
62454926 |
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Legal Form : |
Private Limited Company |
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LINE OF BUSINESS : |
SUBJECT
IS IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF MOBILE PHONES, TABLETS,
ANDROID PHONES, SMART PHONES. |
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No. of Employee : |
2 |
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 : |
Business is under development |
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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) |
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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 |
GOOD
MAX ASIA LTD.
Suite 1101, 11/F.,
Supreme House, 2A Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 852-6317 1066
E-MAIL: sales@goodmaxasialtd.com
Managing
Director: Mr. Deepak Kansal
Incorporated
on: 6th
October, 2013.
Organization: Private
Limited Company.
Issued Share
Capital: HK$1.00
Business Category:
Importer, exporter and wholesaler.
Employees: 2
Main Dealing
Banker: Hang Seng Bank Ltd.,
Hong Kong.
Banking
Relation: Satisfactory.
62454926
2008337
Managing
Director: Mr. Deepak Kansal
HK$1.00
(As
per registry dated 06-12-2014)
|
Name |
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No. of share |
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Deepak KANSAL |
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1 = |
(As
per registry dated 06-12-2014)
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Name (Nationality) |
Address |
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Deepak KANSAL |
Plot No.-67, 2nd Floor, Pocket-03,
Sector-24 Rohini, Delhi, India. |
(As
per registry dated 03-12-2014)
|
Name |
Address |
Co. No. |
|
AT
Accounting & Secretarial Services Ltd. |
Room 909, 9/F., Office Tower Two, Grand Plaza, 625 & 639 Nathan Road,
Mongkok, Kowloon, Hong Kong. |
0985965 |
The
subject was incorporated on 6th October, 2013 as a private limited liability
company under the Hong Kong Companies Ordinance.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
Activities: Importer, exporter and
wholesaler.
Lines: All kinds of mobile phones,
tablets, android phones, smart phones.
Employees: 2
Commodities
Imported: China, etc.
Markets: India,
other Asian countries, etc.
Terms/Sales: Paypal,
or as per contracted.
Terms/Buying: CAD
or as per contracted.
Issued Share
Capital: HK$1.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of
general banking facilities.
Payment: Unknown
Commercial
Morality: Satisfactory.
Banker: Hang
Seng Bank Ltd., Hong Kong.
Standing: Small.
Having
issued just one ordinary share of HK$1.00, Good Max Asia Ltd. is wholly owned
by Mr. Deepak Kansal who 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.
The
subject is trading in all kinds of handset made in China. The products include feature phones, smart
phones, mobile phones, Android phones, tablets, watch-phones, etc.
The
subject is also an online wholesale electronics trading company. It buys consumer electronics products from
suppliers in China and exports to the other Asian countries.
According to the subject,
it is able to ship goods to anywhere in the world via carriers such as UPS,
Fed-Ex, DHL, and TNT. Its customers just
take only 2 to 5 days to get their products.
We
can reach nobody at your given Hong Kong mobile phone number 852‑6317
1066 as it is just a voice mail box. We
believe this number belongs either to Mr. Deepak Kansal or an employee of the
subject.
The
history of the subject in Hong Kong is just over a year and ten months.
On
the whole, since the history of the subject is short in Hong Kong, consider it
good for normal credit requirements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.97 |
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|
1 |
Rs.100.55 |
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Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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.