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Report No. : |
340007 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
MICSUN IMPORT & EXPORT PVT LTD. |
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Registered Office : |
c/o Lianbang Int’l Business (HK) Ltd. Unit 04, 7/F., Bright Way Tower, 33
Mongkok Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.08.2014 |
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Com. Reg. No.: |
63700102 |
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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 THE SECRETARIAL
FIRM DECLINED TO REPORT US ABOUT ITS BUSINESS. [WE
TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE SAME IS NOT AVAILABLE
FROM ANY SOURCES] |
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No. of Employee : |
No employees in Hong Kong. [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.] |
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 |
MICSUN
IMPORT & EXPORT PVT LTD.
ADDRESS:
Registered
Office:-
c/o Lianbang Int’l Business (HK) Ltd.
Unit 04, 7/F., Bright Way Tower, 33 Mongkok Road,
Kowloon, Hong Kong.
Associated
Company:-
Rising Star Import & Export Ltd.
c/o Hong Kong Accounting & Consulting
Co.
Office No. 3, 10/F., Witty Commercial
Building, 1A-1L Tung Choi Street, Mongkok, Kowloon, Hong Kong.
(Formerly
located at:
c/o Buttar.HK Ltd./Buttar Secretarial Ltd.
1/F., Mau Lam Commercial Building, 16-18 Mau
Lam Street, Jordan, Kowloon, Hong Kong.)
Note: The floor number of your is not correct.
63700102
2132342
13th August, 2014.
HK$10,000.00
(As per registry dated 13-08-2015)
|
Name |
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No.
of shares |
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LI Hai Juan |
|
10,000 ===== |
(As per registry dated 13-08-2015)
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Name (Nationality) |
Address |
|
LI Hai Juan |
Nong Chang Si Dui, Guo Ying Fu Road, Tian,
Bai Sha Li Zu Zi Zhi Xian, Hai Nan Province, China. |
(As per registry dated 13-08-2015)
|
Name |
Address |
Co.
No. |
|
Lianbang Int’l Business (HK) Ltd. |
Unit 04, 7/F., Bright Way Tower, 33 Mong
Kok Road, Kowloon, Hong Kong. |
1247280 |
The subject was incorporated on 13th August,
2014 as a private limited liability company under the Hong Kong Companies
Ordinance.
The registered address of the subject
formerly was located at ‘Its registered office is in a commercial service firm
located at ‘Unit T, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street,
Jordan, Kowloon, Hong Kong’ known as ‘Buttar.HK Ltd.’, changed to the present
address in August 2015 as it has changed its commercial service provider since
then.
Apart from these, neither material change
nor amendment has been ever traced and noted.
Micsun Import & Export Pvt Ltd. was
incorporated on 13th August, 2014 as a private limited liability company.
The subject does not have its own operating
office. Its registered office is in a
commercial service firm located at “Unit 04, 7/F., Bright Way Tower,
33 Mong Kok Road, Kowloon, Hong Kong” known as Lianbang Int’l Business
(HK) Ltd. which is handling its correspondences and documents. This company is also the Corporate Secretary
of the subject.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong
Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are
wholly owned by Ms. Li Hai Juan who is a China businesswoman. She is a China ID holder and does not have
the right to reside in Hong Kong permanently.
She is also the only director of the subject. Currently she is residing in Hainan Province,
China.
The subject’s lines of business are unknown
since the secretarial firm declined to report us about its business.
The director of the subject cannot be
reached as she is not in Hong Kong.
No information of the subject can be
obtained from our secondary sources.
We can reach nobody at your given phone
number 88629664869 as we do not known which country it belongs to.
The subject has got an associated company
known as Rising Star Import & Export Ltd. [Rising Star] which is a Hong
Kong-registered company. Rising Star has
issued 10,000 ordinary shares of HK$1.00 each which are wholly owned by Ms. Li
Hai Juan. This company is located at the
address of another commercial service provider.
We are not sure whether the subject has been
banking with Hang Seng Bank Ltd., Hong Kong, or not.
The business of the subject in Hong Kong is
not active. History in Hong Kong is
just over a year.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
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 |
|
-- |
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.