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Report No. : |
345601 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
WILEY INTERNATIONAL LTD. |
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Registered Office : |
C/o Fred Olsem & Co. Ltd. Room 1011, 10/F., Beverley Commercial Centre, |
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Country : |
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Date of Incorporation : |
03.11.2014 |
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Com. Reg. No.: |
64017219 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The subject’s lines of business are unknown since we can reach nobody. [We tried to confirm the detailed activity but the same is not
available from any sources] |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Business |
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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.
|
Source
: CIA |
WILEY INTERNATIONAL LTD.
Registered
Office:-
C/o Fred Olsem & Co. Ltd.
Room 1011, 10/F., Beverley Commercial Centre, 87-105 Chatham Road South,
Tsimshatsui, Kowloon, Hong Kong.
Associated
Company:-
Fred Olsen & Co. Ltd., Hong Kong.
64017219
2163851
3rd November, 2014.
HK$1,000,000.00
(As per registry dated 11-12-2014)
|
Name |
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No. of shares |
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Indiandirectory. HK Ltd., Hong Kong. |
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1 |
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Nitin KHETAN |
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9,999 |
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Umesh Parsad KHETAN |
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490,000 |
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Jike TANG |
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500,000 |
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–––––––– |
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Total: |
1,000,000 ======= |
(As per registry dated 11-12-2014)
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Name (Nationality) |
Address |
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Umesh Parsad KHETAN |
430, Guru Ram Dass Nagar, Laxmi Nagar, Delhi, PIN: 110092, Delhi,
India. |
|
Jike TANG |
No. 804, 17 Building, Dexing City, Changqing Street, Longgang
District, Shenzhen, China. |
(As per registry dated 03-11-2014)
|
Name |
Address |
Co. No. |
|
Buttar Secretarial Services Ltd. |
Unit 13, 16/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New
Territories, Hong Kong. |
1906147 |
The subject was incorporated on 3rd November, 2014 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at ‘‘Unit W, 1/F., Mau Lam Commercial
Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong’ known as ‘Buttar.HK
Ltd.’ which is handling its correspondences and documents. It moved to the present address with effect from
16th December, 2014.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Wiley International Ltd. was incorporated on 3rd November, 2014 as a
private limited liability company under the Hong Kong Companies Ordinance.
The subject shares its office is with a Hong Kong-registered firm
located at ‘Room 1011, 10/F., Beverley Commercial Centre, Strand, 87-105
Chatham Road South, Tsimshatsui, Kowloon, Hong Kong’ known as ‘Fred Olsem &
Co. Ltd.’ [Fred Olsem].
According to our spot investigation, there are two firms located at the
above-mentioned address, namely, the subject and Fred Olsem.
We can reach nobody at your given Hong Kong phone number 852-2185 6401
as this line is always engaged.
According to the Companies Registry of Hong Kong, the subject has issued
1 million ordinary shares of HK$1.00 each of which 50% are owned by
Mr. Jike Tang; 49% are owned by Mr. Umesh Parsad Khetan; 1% by
Mr. Nitin Khetan. The first is a
China merchant while the second and third are India merchants. Umesh Parsad Khetan and Tang Jike are the
directors of the subject. The first is
an India passport holder while the second is a China passport holder. Both do not have the right to reside in Hong
Kong permanently.
The subject’s lines of business are unknown since we can reach nobody.
From our indirect sources, the subject is a computer software company
specializing in 3D & 2D Product Lifecycle Management (PLM) software. It is trading in Siemens PLM Software
products. We are not sure whether the
subject has changed its lines of business.
The subject’s business in Hong Kong seems not active. History in Hong Kong is just over eleven
months.
On the whole, since the history of the subject is short in Hong Kong,
consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
|
|
1 |
Rs.100.54 |
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Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
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 |
-- |
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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.