MIRA INFORM REPORT

 

Report No. :

345560

Report Date :

20.10.2015

 

IDENTIFICATION DETAILS

 

Name :

QUANTUM  FERTILISERS  LTD.

 

 

Formerly Known As :

Dynofert Ltd.

 

 

Registered Office :

c/o Fansway Secretarial Services Ltd., Room 2302A, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

23.06.2008

 

 

Com. Reg. No.:

50844549

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of fertiliser and fertiliser raw materials such as:-

 

·         DAP

·         MAP

·         TSP

·         Urea

·         Ammonium Nitrate

·         Ammonium Sulphate

·         Sulphur

·         Sulphuric Acid

·         Phosphoric Acid

·         NP/NPK (Various grades)

 

subject is engaged in the following business scope:-

·         Global sourcing;

·         Management of long-term purchase & supply contracts;

·         Sales & marketing;

·         Sulphuric acid, Phosphate rock & Nitrogen Fertilisers; &

·         Vessel chartering.

 

 

No. of Employees :

no Employees in Hong Kong

 

NOTE:

(It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies are not required to have any employees in Hong Kong nor do have an office there.)

 

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

Hong Kong

A2

A2

 

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 levies excise duties on only four commodities, namely: 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, it again faces a possible slowdown as exports to the Euro zone and US slump. 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 9.1% of total system deposits in Hong Kong by the end of 2012, an increase of 59% from the previous year. 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 exports 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 34.9 million in 2012, 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 2012 mainland Chinese companies constituted about 46.6% of the firms listed on the Hong Kong Stock Exchange and accounted for about 57.4% 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. Growth slowed to 5% in 2011, and less than 2% in 2012. Credit expansion and tight housing supply conditions caused Hong Kong property prices to rise rapidly and inflation to rise 4.1% in 2012. 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.

 

Source : CIA

 

Company name

 

QUANTUM FERTILISERS LTD.

 

 

company ADDRESS

 

Registered Office:-

c/o Fansway Secretarial Services Ltd.

Room 2302A, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong.

 

Holding Company:-

Incitec Pivot Holdings (Hong Kong) Ltd., Hong Kong.

 

Ultimate Holding Company:-

Incitec Pivot Ltd., Australia.

 

Associated Companies:-

Amber Fertilisers Ltd., Hong Kong.

Quantum Fertilisers Ltd., British Virgin Islands.

 

Affiliated Company:-

International Business Resources, Pakistan.

 

 

BUSINESS REGISTRATION NUMBER

 

50844549

 

 

COMPANY FILE NUMBER

 

1249692

 

 

DATE OF INCORPORATION

 

23rd June, 2008.

 

CAPITAL

 

Nominal Share Capital:              US$10,000,000.00 (Divided into 1,000,000 Class A shares and 1,850,000 Class  B Non Voting shares of US$1.00 each)

 

Issued Share Capital:                 US$2,850,000.00

 

 

SHAREHOLDERS

(As per registry dated 23-06-2013)

 

Name

 

No. of shares

 

 


Class A

Class B

Non Voting

Mohammad ABDULLAH

 

350,000

 

Incitec Pivot Holdings (Hong Kong) Ltd.

Lever 28, Three Pacific Place, 1 Queen’s Road East, Hong Kong.

 

650,000

1,850,000

 

 

––––––––

––––––––

 

Total:

1,000,000

=======

1,850,000

=======

 

 

DIRECTORS

(As per registry dated 23-06-2013)

 

Name

(Nationality)

 

Address

Mohammad ABDULLAH

Flat 14A, Tower 1, Evelyn Tower, 38 Cloudview Road, Hong Kong.

 

Geoffrey Donald MCMURRAY

112 Deepdale Grove, Mooroolbark Victoria 3138, Australia.

 

Uri GORDON

16 Mountview Street, Aspendale 3195 Victory, Australia.

 

Martin METZ

128 Copernicus Way, Keilor Downs VIC 3038, Australia.

 

James Dean WHITESIDE

12 Nott Street, Malvern East VIC 3145, Australia.

 

 

SECRETARY

(As per registry dated 03-09-2013)

 

Name

Address

Co. No.

Tricor Corporate Secretary Ltd.

Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong.

0714799

 

 

HISTORY

 

The subject was incorporated on 23rd June, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.

 

Originally the subject was registered under the name of Bosun Global Ltd., name changed to Dynofert Ltd. on 6th August, 2008 and further to the present style on 18 November, 2009.

 

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

GENERAL

 

Having issued 1 million Class A shares of US$1.00 each, Quantum Fertilisers Ltd. is jointly owned by Mr. Mohammad ABDULLAH, holding 35% interests, and Incitec Pivot Holdings (Hong Kong) Ltd. [IPH], holding 65%.  In turn, IPH is a subsidiary of Incitec Pivot Ltd. [IPL], an Australia-based company.  It is a listed company in Australia.

IPL, Australia’s largest fertilizer producer, has purchased a majority stake of 65% in the subject which was formed on 23rd June, 2008 in Hong Kong.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 2302A, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong known as Fansway Secretarial Services Ltd. which is handling its correspondences and documents.

The subject has no employees in Hong Kong.  It is a fertilizer trader.

It has had an associated company bearing the same name [Quantum Fertilisers] which is registered in the British Virgin Islands.  The subject and Quantum are engaged in the same lines of business.  The Chief Operating Officer of Quantum is also Mohammad Abdullah.

Quantum Fertilisers is a trading subsidiary of IPL, the leading chemical manufacturer supplying agricultural fertilisers and industrial chemicals for Australian and overseas markets.

This relationship allows Quantum Fertilisers to offer its clients with unique benefits, backed by strong financial support.

The subject is engaged in the following business scope:

·         Global sourcing;

·         Management of long-term purchase & supply contracts;

·         Sales & marketing;

·         Sulphuric acid, Phosphate rock & Nitrogen Fertilisers; &

·         Vessel chartering.

           

Quantum Fertilisers trades in the following fertilisers and fertiliser raw materials:

DAP, MAP, TSP, Urea, Ammonium Nitrate, Ammonium Sulphate, Sulphur, Sulphuric Acid, Phosphoric Acid, NP/NPK (Various grades).

IPL, together with its subsidiaries, manufactures, trades in, and distributes fertilizers, industrial explosives, and chemicals.  It operates in Fertilisers and Explosives segments.  It offers a wide range of fertilizer inputs and products, including ammonium phosphates, ammonia, urea, sulphuric acid, and super phosphates; and various industrial chemical products used in water treatment, process manufacturing and other industrial applications; and ammonium nitrate for the mining industry.

IPL also builds detonators, nonel, detcord, cartridge explosives, and boosters; and assembles the products for customer specifications to the mining, quarry, construction, pipeline, and geophysical exploration industries.  It operates primarily in Australia, the United States, Canada, and Turkey. Incitec Pivot Limited is headquartered in Southbank, Australia.

James Whiteside, IPL’s supply chain and trading manager, is Quantum Fertilisers’ Melbourne-based CEO.

Mohammed Abdullah, who left his position as head of Transammonia’s Asian and Southeast Asian operations in early 2009, became Quantum Fertilisers’ chief operating officer working from Hong Kong.

According to Quantum Fertilisers, it has had offices in Switzerland and Brazil and a presence in India, Europe, Japan, etc.

The business of the subject in Hong Kong is chiefly handled by Mohammed Abdullah himself.  History in Hong Kong is over five years.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis or in small credit amounts.

NOTE:

It is to be noted that the company does not have its own operating office in Hong Kong. The company uses the address of its secretariat as its correspondence address only. Subject operates from some other country and does not have a base in Hong Kong. Such companies are registered in Hong Kong just to tax benefit purpose and due to the strict privacy laws prevailing in the country. In such cases, the companies are not required to have any employees in Hong Kong nor do have an office there.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.82

UK Pound

1

Rs.100.12

Euro

1

Rs.73.75

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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