MIRA INFORM REPORT
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Report No. : |
345485 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
DYNASTY ASIA INTERNATIONAL LIMITED |
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Registered Office : |
301 Kam On Building, 176A Queen’s Rd. Central, Central |
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Country : |
Hong Kong
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Date of Incorporation : |
22.02.2011 |
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Com. Reg. No.: |
1562930 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Garments. |
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No. of Employees : |
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) |
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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 |
Contact Points
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Company Name (in Chinese): |
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|
Company Name (in English): |
DYNASTY ASIA INTERNATIONAL LIMITED |
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Supplied Name: |
DYNASTY ASIA INTERNATIONAL LTD |
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Trading Address: |
Room 1210H, Block C2,Hangwai Industrial Building, No.6 Kin Tai Street,
Tuen Mun, Hong Kong |
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Supplied Address: |
301, Kamon Building 176 A Queens Road Central |
Note: The exact name
and address are as above. The supplied address is subject’s registered address.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
301 Kam On Building, 176A Queen’s Rd.
Central, Central, Hong Kong |
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Telephone Number: |
+852-5611-2029 |
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Email: |
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Date of Registration: |
2011-2-22 |
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Registered Number: |
1562930 |
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Business Registration No.: |
53859731 |
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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 |
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SITC Code: |
84599--Garments, Knitted Or Crocheted, N.E.S. (No) |
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Principal Activities: |
Trading of garments, etc. |
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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: |
2015-2-22 |
Notes: Subject declined
to disclose the number of staff, and from other source we cannot obtain the
information, either.
History
Subject was incorporated on 2011-2-22 with the registered number 1562930
as Private Limited Liability Company in Hong Kong.
Corporate Structure
Office
|
Name: |
Guangdong Office |
|
Address: |
Room 603, Jinsha 46# Xinmin Road (Next to Pearl Garden),North City
Area, Yunfu, Guangdong Province, China |
|
Telephone Number: |
+86-134-1806-7829 |
Shareholders
|
Subscription
Shares |
Proportion of
Investment (%) |
|
|
Ms. Gupta Renu |
10,000 |
100% |
|
Total |
10,000 |
100% |
Major Shareholder
Information:
|
Name: |
Ms. Gupta Renu |
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Address: |
Flat D, 7F, Kin Liong Mansion, 26 North St., Kennedy Town, Hong Kong |
Management Information
Core Management
Detailed
Information of Directors:
|
1 |
|
|
Name: |
Gupta Hari Kamal |
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Address: |
Flat D, 7F, Kin Liong Mansion, 26 North St., Kennedy Town, Hong Kong |
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Position: |
Director |
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ID Number: |
M072365(2) |
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2 |
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Name: |
Gupta Renu |
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Address: |
Flat D, 7F, Kin Liong Mansion, 26 North St., Kennedy Town, Hong Kong |
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Position: |
Director |
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ID Number: |
M072368(7) |
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3 |
|
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Name: |
Multi-Chain Limited |
|
Address: |
301 Kam On Building, 176A Queen’s Rd. Central, Central, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
209214 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Room 1210H, Block C2,Hangwai Industrial Building, No.6 Kin Tai
Street,Tuen Mun, Hong Kong |
Production Information
Subject is engaged in trading of garments, etc. without any production
activities.
Purchase Information
The products of the subject are mainly purchased from Taiwan, the
Mainland of China, Southeast Asia, etc.
Sales Information
Subject is engaged in sale of garments.
The products sold by the subject are garments, furniture.
Subject provides souring services for its customers.
It is introduced that the services provided by the subject include
product identification, market segmentation, manufacturing screening, due
diligence, deal negotiation, quality assurance, worldwide logistics.
Subject also provides customize services for the customers.
Subject’s sales regions include domestic market and abroad.
Settlements
Purchase
Domestic Purchase
|
Products |
Garments |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Garments |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Garments |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Garments |
|
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
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Mortgage Record
No mortgage record of the subject was found.
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 |
Special Note
Interview Details
|
Name |
Mr. Renu |
|
Position: |
Director |
Industry Information
84599--Garments, Knitted Or Crocheted, N.E.S. (No)
Unit: HKD/000
|
|
2015.6 |
2015.01~2015.6 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Britain |
2,691 |
1,451 |
42,176 |
15,058 |
|
Spain |
1,673 |
94 |
2,967 |
167 |
|
Indonesia |
15,028 |
400 |
52,715 |
1,540 |
|
Japan |
2,270 |
217 |
6,041 |
3,225 |
|
Sri Lanka |
28,696 |
3,630 |
117,406 |
14,027 |
|
Vietnam |
4,644 |
522 |
70,352 |
4,792 |
|
Macau |
5.526 |
286 |
11.308 |
856 |
|
Taiwan |
493 |
127 |
6,965 |
3,317 |
|
The Mainland of China |
582,373 |
21,807 |
3,431,114 |
124,776 |
|
Exports |
||||
|
Canada |
-- |
-- |
12 |
36 |
|
719 |
24 |
5,478 |
187 |
|
|
Holland |
-- |
-- |
125 |
84 |
|
Singapore |
-- |
-- |
14 |
38 |
|
USA |
20 |
78 |
1,806 |
2,514 |
|
The Mainland of China |
-- |
-- |
382 |
9 |
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 |
|
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 |
|
2015.01 |
348,886 |
4,468 |
307,403 |
311,871 |
+2.8 |
-37,015 |
|
2015.02 |
264,220 |
2,919 |
225,418 |
228,337 |
+7.2 |
-35,884 |
|
2015.03 |
342,319 |
4,013 |
292,100 |
296,113 |
-1.8 |
-46,206 |
|
2015.04 |
331,108 |
4,202 |
287,742 |
291,944 |
+2.2 |
-39,164 |
|
2015.05 |
331,940 |
4,258 |
287,571 |
291,830 |
-4.6 |
-40,110 |
|
2015.06 |
345,302 |
4,158 |
295,361 |
299,518 |
-3.1 |
-45,783 |
*Total exports
figures have been rounded to the nearest final digit after summing up the
constituent trade figures.
Attachment
Address: Room 1210H, Block C2, Hangwai Industrial Building, No.6 Kin Tai
Street,Tuen Mun, Hong Kong
Block C2, Hangwai Industrial Building, No.6 Kin Tai Street,Tuen Mun,
Hong Kong
Room 1210H, Block C2, Hangwai Industrial Building, No.6 Kin Tai
Street,Tuen Mun, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.100.54 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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|
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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 |
|
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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 |
|
|
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 |
-- |
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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.