MIRA INFORM REPORT
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Report No. : |
339518 |
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Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
16/F Supreme Comm. Bldg 368 King’s Road
North Point |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.08.1997 |
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Com. Reg. No.: |
21222229 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Trading of frozen meat. |
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No. of Employee : |
Not available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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) |
|
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
internationalTRADE
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
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Company Name (in English): |
Qualink Enterprise Company |
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Supplied Name: |
QUALINK ENTERPRISE COMPANY |
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Trading Address: |
16/F Supreme Comm. Bldg 368 King’s Road
North Point HK |
|
Supplied Address: |
16/F SUPREME COMM BLDG 368 KINGS ROAD, NORTH POINT, HONGKONG |
Note: The exact name
and address are as above.
Company
Identification Details
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Registered Name: |
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Registered Address: |
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Telephone Number: |
+852-2887-8422 |
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Fax Number: |
+852-2787 9699 |
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Date of Registration: |
1997-8-18 |
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Business Registration No.: |
21222229 |
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Registered Capital: |
N/A |
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Legal Form: |
Proprietorship |
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SITC Code: |
01112-- Meat
of bovine animals, boneless, fresh or chilled (kg) |
|
Principal Activities: |
Trading of frozen meat and etc. |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
Notes: It is
not required for Proprietorship to register capital. Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
History
Subject was incorporated on 1997-8-18 with the
Business Registration No.: 21222229 as Proprietorship in Hong Kong.
Corporate
Structure
Major Related Companies
|
Verdant International Group Ltd |
Owner
|
Name: |
Yeung Yin Mau |
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Address: |
Flat/Rm 1205 BLK 25 Heng Fa Chun HK |
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ID Number: |
H3690646 |
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Incoming Date: |
1997-8-18 |
Operation
Information
Offices &
Factories
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|
Office |
|
Address: |
16/F Supreme Comm. Bldg 368 King’s Road
North Point HK |
Premises
Information
Office address:
|
Address: |
16th Floor Supreme Commercial Building No.368 King's Road Hong Kong |
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Owners: |
Yeung Yin Mau (Joint Tenant) Wong Kwan Wing (Joint Tenant) |
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Memorial Number: |
UB8182169 |
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Date of Instrument: |
2000-8-16 |
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Date of Registration: |
2000-9-8 |
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Consideration Value: |
HKD 1,250,000.00 |
Production
Information
The subject is mainly engaged in trading of
frozen meat and etc without any production activities.
Purchase
Information
It is introduced that subject imports its
products from USA, Argentina, Australia
Sales Information
The subject is mainly engaged in sales of
frozen meat
Subject’s major products are beef, pork,
mutton and chicken
It is introduced that subject’s selling
territory is mainly in domestic market.
Subject’s major customers are supermarket, food
processing plants
Settlements
Purchase
Domestic Purchase
|
Products |
Frozen meat |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Frozen meat |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Frozen meat |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Frozen meat |
|
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 of subject were found.
Lawsuits
Up to now, no present or latent litigation of
the subject has been found.
|
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
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Department: |
Sales Department |
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E-mail: |
Industry
Information
01112-- Meat
of bovine animals, boneless, fresh or chilled (kg)
Unit: HKD/000
|
|
2015.6 |
2015.01~2015.6 |
||
|
|
Quantity |
Value |
Quantity |
Value |
|
Imports |
||||
|
Argentina |
4,407 |
415 |
19,353 |
2,218 |
|
Australia |
293,379 |
27,724 |
1,588,784 |
157,006 |
|
Brazil |
111,439 |
3,035 |
879,673 |
26,581 |
|
Canada |
9,158 |
1,512 |
72,806 |
11,040 |
|
USA |
138,394 |
22,042 |
756,212 |
118,121 |
|
Exports |
||||
|
Macao |
17,351 |
3,468 |
83,996 |
16,257 |
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
16/F Supreme Comm. Bldg 368 King’s Road North
Point HK
16/F Supreme Comm. Bldg 368 King’s Road North
Point HK
16/F Supreme Comm. Bldg 368 King’s Road North
Point HK
16/F Supreme Comm. Bldg 368 King’s Road North
Point HK
16/F Supreme Comm. Bldg 368 King’s Road North
Point HK
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.61 |
|
|
1 |
Rs.102.30 |
|
Euro |
1 |
Rs.74.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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.