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Report No. : |
340992 |
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Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
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Name : |
RELIABLE INDUSTRIAL (HK) LIMITED |
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|
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Registered Office : |
8A, Kam Chung Commercial
Building, 19-21 Hennessy Rd., Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.04.2010 |
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Com. Reg. No.: |
52045054 |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Not Available [We tried to confirm the detailed activity but the same is not
available from any sources] |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
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 : |
Exist |
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 |
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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% of total system deposits in Hong Kong by the end of 2013. 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 40.7 million in 2013, 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 2012 mainland Chinese companies constituted about 48.5% of the firms listed on the Hong Kong Stock Exchange and accounted for about 56.9% 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% in 2013. 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 2013, Hong Kong and China signed new agreements under the Closer Economic Partnership Agreement, adopted in 2003 to forge closer ties between Hong Kong and the mainland. The new measures, effective from January 2014, cover services and trade facilitation, and will improve access to the mainland's service sector for Hong Kong-based companies. As of year-end 2014, the Democracy protests that began in late September probably will have some adverse effects on economic growth, particularly retail sales.
|
Source
: CIA |
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Company Name: |
Reliable Industrial (HK) Limited |
|
Supplied Name: |
RELIABLE INDUSTRIAL (HK) LIMITED |
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Supplied Address: |
RM 8A, Kam Chung Bldg, 19-21 Hennessy Rd, Wan Chai
Hongkong |
Note: The exact name is as above.
We cannot find subject’s any
operation information or valid contact information in Hong Kong through public
files according to supplied name.
As the supplied address, which is
also subject’s registered address, is that of subject’s corporate secretary
(CBS Pacific Limited), we cannot obtain any information of the subject
according to it.
Up to the date of reporting, we
failed to get in touch with subject. If you can supply further information such
as current telephone number, we’d like to have the investigation resumed.
We found subject’s registration
information as follows for reference.
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Registered Name: |
|
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Registered Address: |
8A,
Kam Chung Commercial Building, 19-21 Hennessy Rd., Wanchai, Hong Kong |
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Date of Registration: |
2010-4-8 |
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Registered Number: |
1440111 |
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Business Registration No.: |
52045054 |
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Paid-up Capital: |
HKD 200,000 (USD 25,800) =
200,000 Shares@ HKD 1 (As of 2015.06, 1 HKD = 0.129
USD) |
|
Legal Form: |
Private Limited Liability
Company |
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Principal Activities: |
N/A |
|
Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Date of Last Annual Return: |
2015-4-8 |
Notes: Since we didn’t find subject,
the principal activities and staff number are not available from any sources.
Subject was incorporated on
2010-4-8 with the registered number 1440111 as Private Limited Liability
Company in Hong Kong.
Change of Name:
|
Effective Date |
Name |
|
2011-11-17 |
Reliable Industrial (HK) Limited |
|
2010-4-8 |
Reliable Star (HK) Limited |
Subject did not register any subsidiaries or branches; from
other source we could not obtain the relevant information, either.
|
Subscription Shares |
Proportion of Investment (%) |
|
|
Zheng Younghong |
200,000 |
100% |
|
Total |
200,000 |
100% |
Major Shareholder Information:
|
Name: |
Zheng Younghong |
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Address: |
Rm. 1005, 14th Bldg.,
Garden Kang Daer Buji Town, Shenzhen, Hong Kong |
Core
Management
Detailed Information of Directors:
|
1 |
|
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Name: |
Khullar Vinod Vijay |
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Address: |
Gunag Dong Sheng Shen Zhen Shi Luo
Hu Qu Wen Jng Zhong Lu 1018 Hao Hai Li Da Sha Li Zhu Ge 30B |
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Position: |
Director |
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ID Number: |
R747033(8) |
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2 |
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Name: |
Zheng Younghong |
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Address: |
Rm. 1005, 14th Bldg.,
Garden Kang Daer, Buji Town, Shenzhen, PRC |
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Position: |
Director |
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Passport Number: |
G32693641 |
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Issuing Country: |
PRC |
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3 |
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Name: |
CBS Pacific Limited |
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Address: |
8A, Kam Chung Commercial
Building, 19-21 Hennessy Rd., Wanchai, Hong Kong |
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Position: |
Corporate Secretary |
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Registered Number: |
058243 |
Offices
& Factories
We cannot confirm subject current
trading address at this stage.
Operation
Information
From public files, we cannot
obtain any operation information of the subject. Since we did not get in touch
with the subject, the information is not available from any other source.
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.
Since we didn't get in touch with
subject, the relevant information is not available from any sources.
Since we didn't get in touch with
subject, the bank information is not available from any sources.
|
2012-8-1 |
|
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Court Name: |
District Court Tax Claim |
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Court No.: |
2457 |
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Claimant: |
Commissioner of Inland Revenue |
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Defendant: |
Reliable Industrial (HK) Ltd c/o Unit 8A, Kam Chung Commercial Building,
19-21 Hennessy Road, Wan Chai, HK |
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Reason: |
Taxation |
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Amount(HKD): |
37,202.00 |
Mortgage
Record
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Company Name: |
Reliable Industrial (HK) Ltd |
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Instrument of Creating Mortgage: |
Security Over Deposit in Respect
of Obligations of the Depositor |
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Date of Creating Mortgage: |
2013-3-31 |
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Amount Secured: |
All monies and liabilities,
present or future, actual or contingent, which are now or shall at any time or
times hereafter be or become due, owing, payable or incurred to the Chargee
by the Borrower on any account whatsoever including without limitation actual
or contingent liabilities arising from any loans, the negotiation,
discounting, acceptance, endorsement, or collection by the Chargee of bills
of exchange or from the issue or establishment by the Chargee of bonds,
guarantees, indemnities, letters of credit and documentary credits, whether
issued or established at the date of this security or at any future time, in
favour of any third party or parties and liabilities arising directly or
indirectly out of foreign exchange facilities afforded by the Chargee to the
Borrower or out of foreign exchange transactions carried out by the Chargee
or its agents on behalf of the Borrower (whether solely or jointly with any
other person, firm or company and in whatsoever style, name or form, and
whether as principal, surety or otherwise) and including interest thereon to
the date of payment at such rates and upon such terms as may from time to
time be payable by the Borrower and all interest, commission, costs, banking
and other charges and expenses (including legal and other professional fees)
in reasonable amounts which the Chargee may reasonably incur in enforcing or
obtaining payment of the moneys due or liabilities owing to the Chargee from
the Borrower, either alone or in conjunction as aforesaid, or attempting so
to do, to the intent that the Chargee shall be afforded a full, complete and
unlimited indemnity in respect thereof to the extent as permitted by the
applicable law. |
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Name of Mortgagee: |
Industrial and Commercial Bank
of China (Asia) Limited |
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Address of Mortgagee: |
33rd Floor, ICBC Tower, 3 Garden
Road, Central Hong Kong |
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Description of Property Mortgaged: |
By way of first fixed charge to
the Chargee the account no. [861600073579] (the Account") and all
deposits from time to time therein (the "Deposits") which
expression includes all and every deposit and any currency into which such
sums may from time to time be converted, any renewal or substitution of such
deposits and all interest payable thereon (whether such deposits are
maintained by the Chargee in the same account or credited to another existing
account or an account opened for the purpose) and all the right, title,
benefit and interest whatsoever, present and future, of the Borrower together
with all deposit receipts in respect thereof (it being understood and agreed
that the Deposits may from time to time hereafter be represented or evidenced
by instruments of different dates and numbers), free from any lien, charge or
encumbrance of any kind, to the intent that such charge shall operate as a
continuing security over the Deposits to the Chargee until all such moneys,
obligations and liabilities have been paid or discharged. The Borrower has undertaken with
the Chargee that the Borrower shall not mortgage, charge, pledge, or
otherwise encumber or assign, transfer or otherwise deal with or grant or
suffer to arise any third party rights over or against the whole or any part
of the Account or the Deposits or purport so to do, except in the favor of
the Chargee. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
SAN |
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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 |
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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 |
|
|
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 |
|
|
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.