MIRA INFORM REPORT
|
Report No. : |
346370 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
HOODVIAN LIMITED |
|
|
|
|
Registered Office : |
Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon |
|
|
|
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Country : |
Hong Kong
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|
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Date of Incorporation : |
31.03.1989 |
|
|
|
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Com. Reg. No.: |
247373 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Trading of Garments. |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
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: |
|
|
Supplied Name: |
HOODVIAN LTD |
|
Trading Address: |
Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon,
Hong Kong |
|
Supplied Address: |
Unit 1506, 15/F One Harbour Front 18 Tak Fung Street Hunghom Kowloon |
Note: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 1506, 15/F., One Harbourfront, 18 Tak
Fung Street, Hunghom, Kowloon, Hong Kong |
|
Telephone Number: |
+852-2954-2266 |
|
Fax Number: |
+852-2954-2890 |
|
Date of Registration: |
1989-3-31 |
|
Registered Number: |
247373 |
|
Business Registration No.: |
12634283 |
|
Paid-up Capital: |
HKD 23,400,000 (USD 3,018,600) = 2,340,000
Shares @ HKD 10 (As of 2015.10, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
SITC Code: |
84599-Garments, Knitted Or Crocheted, N.E.S.
(No) |
|
Principal Activities: |
Trading of garment, etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-3-31 |
Note: Subject declined to disclose its staff number,
and from other source we can’t obtain the information, either.
History
Subject was incorporated on 1989-3-31 with the
registered number 247373 as Private Limited Liability Company in Hong Kong.
Corporate Structure
Subject did not register
any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Shareholders
|
Subscription Shares |
Proportion of Investment (%) |
|
|
1,287,000 |
55% |
|
|
Multihulls Trading Limited |
1,053,000 |
45% |
|
Total |
2,340,000 |
100% |
Major Shareholder Information:
|
1 |
|
|
Name: |
The Bridge Holding Limited |
|
Address: |
Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom,
Kowloon, Hong Kong |
|
Date of Registration: |
1995-9-5 |
|
Registered Number: |
524745 |
|
Business Registration No.: |
19839666 |
|
Legal Form: |
Private Limited Liability Company |
|
2 |
|
|
Name: |
Multihulls Trading Limited |
|
Address: |
11/F., Hong Kong Trade Centre, 161-167 Des
Voeux Road, Central. Hong Kong |
|
Date of Registration: |
1987-7-14 |
|
Registered Number: |
193270 |
|
Business Registration No.: |
11148035 |
|
Legal Form: |
Private Limited Liability Company |
Management Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Wu Chi Kai Johnico |
|
Address: |
Flat B, 18/F., Tower 10, Parc Royale, 8 Hin
Tai Street, Shatin, New Territories, Hong Kong |
|
Position: |
Director |
|
ID Number: |
E454322(3) |
|
2 |
|
|
Name: |
Kafry Mordechai |
|
Address: |
1/F., May Tower II, 5 May Road, Hong Kong |
|
Position: |
Director |
|
ID Number: |
K207655(1) |
|
3 |
|
|
Name: |
Teamwork Secretarial Company Limited |
|
Address: |
11/F., Hong Kong Trade Centre, 161-167 Des
Voeux Road, Central. Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
248117 |
Former Directors:
|
Name: |
Samarawickrama Malik Devapriya |
|
Address: |
50/24 Bullers Lane, Colombo 7, Sri Lanka |
|
Passport Number: |
N1793976 |
|
Issuing Country: |
Sri Lanka |
|
Date of Resignation |
2015-8-20 |
Operation Information
Offices & Factories
|
|
Office |
|
Address: |
Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom,
Kowloon, Hong Kong |
Premises Information
The subject locates at Unit
1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon, Hong Kong. However, we
cannot get any related registration information for this address in the
official authorities.
Production Information
Subject is a trader of garment. without any production
activities
Purchase Information
It is introduced that subject’s products are
mainly purchased in domestic market.
Sales Information
Subject is engaged in sale of garment.
The major products sold by the subject are knitted garments, such as
dress & skirt, trousers & pants, coat and jacket.
Subject’s sales regions mainly focus on North America.
Subject’s major customers are retailers and wholesalers of garment and
accessories.
Settlements
Purchase
Domestic Purchase
|
Products |
Garment |
|
Payment Terms |
T/T, Cash |
Import
Subject has little export.
Domestic Markets
|
Product |
Garment |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Garment |
|
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
|
2004-05-08 |
|
|
Court Name: |
High Court Commercial Action |
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Court No.: |
2538 |
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Claimant: |
Sun Yat
Lung |
|
Defendant: |
Wingreat
Ltd |
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Reason: |
Not Stated |
Mortgage Record
|
Company Name: |
Hoodvian Limited |
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Instrument of Creating Mortgage: |
Security over Deposits |
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Date of Creating Mortgage: |
1998-6-16 |
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Amount Secured: |
(i)All monies in any currency owing by the
Company to the chargee at any time, actually or contingently, in any capacity,
alone or jointly with any other person, (ii) interest on such monies both before and
after any demand or judgment, to the date on which the chargee receives
payment, at the rates payable by the Company or which would have been payable
but for any circumstance ,which restricts payment and (iii) all expenses of
the chargee in perfecting or enforcing the charge. |
|
Name and Address of Mortgagee: |
The Hong Kong and Shanghai Banking
Corporation Limited whose head office is situated at No. 1 Queen's Road
Central, Hong Kong. |
|
Description of Property Mortgaged: |
A deposit with chargee in the amount of
under Deposit A/C No. 012-590204, whatever currency it may. subsequently be
denominated in, any renewal of such deposit and the interest thereon together
with any further monies in any deposit account with the chargee at any of its
offices All amounts standing from time to time to
the credit of the depositor in any currency or currencies. |
Special Note
Interview Details
|
Interview Date: |
2015-10-22 |
|
Name |
Mr. Hu |
|
Department: |
Sales Department |
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: Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street,
Hunghom, Kowloon, Hong Kong
One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon, Hong Kong
One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon, Hong Kong
15/F., One Harbourfront, 18 Tak Fung Street, Hunghom, Kowloon, Hong Kong
Unit 1506, 15/F., One Harbourfront, 18 Tak Fung Street, Hunghom,
Kowloon, Hong Kong
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.88 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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.