MIRA INFORM REPORT
|
Report No. : |
342494 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANS-GLOBAL WORLDWIDE LIMITED |
|
|
|
|
Registered Office : |
Unit 71, 2/F Mirador Mansion, 56-64 Nathan
Road, Tsim Shat Sui, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
02.07.2014 |
|
|
|
|
Com. Reg. No.: |
2115150 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading and Manufacturing of Plastic Materials
and Providing Hotel Booking Services. |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 (in English): |
Trans-Global Worldwide Limited |
|
Supplied Name: |
Trans Global Worldwide Ltd. |
|
Supplied Address: |
RM B 1/F Mau Lam Comm Bldg, 16-18 Mau Lam Street Jordan Kowloon |
Special
Note
We made an on-site visit to
the supplied address, and we didn’t find subject on this location. The relevant
staff on this location introduced that this company was mainly engaged in
providing registration and accounting services, however, she refused to
disclose further information for us.
From public files, we
found a website www.transglobalhk.com based on the supplied name. From the website, we found subject was
mainly engaged in trading and manufacturing of plastic materials and providing
hotel booking services. We have sent a mail to the E-mail address info@transglobalhk.com there was no reply at this stage.
According to the supplied
name and address, we can not find any operation information or other valid
contact information of subject.
We found subject’s registration information as follows for reference.
Company
Identification Details
|
Registered Name: |
|
|
Registered Address: |
Unit 71, 2/F Mirador Mansion, 56-64 Nathan
Road, Tsim Shat Sui, Kowloon, Hong Kong |
|
Date of Registration: |
2014-7-2 |
|
Registered Number: |
2115150 |
|
Business Registration No.: |
63527415 |
|
Paid-up Capital: |
HKD 10,000 (USD 1,290) = 10,000 Shares@ HKD
1 (As of 2015.09, 1 HKD = 0.129 USD) |
|
Legal Form: |
Private Limited Liability Company |
|
Principal Activities: |
N/A |
|
Staff: |
N/A |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2015-7-2 |
Notes: Since we didn’t
contact subject successfully, the principal activities and staff number are not
available from any sources.
History
Subject was incorporated on 2014-7-2 with the
registered number 2115150 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 Amount |
Proportion of Investment (%) |
|
|
Ved Prakash |
10,000 |
100% |
|
Total |
10,000 |
100% |
Major Shareholder Information:
|
Name: |
Ved Prakash |
|
Address: |
WZ-79, 2nd Floor, Todapur, Inder Puri,
Delhi, PIN: 110012, Delhi, India |
Management
Information
Core Management
Detailed Information of Directors:
|
1 |
|
|
Name: |
Ved Prakash |
|
Address: |
WZ-79, 2nd Floor, Todapur, Inder
Puri, Delhi, PIN: 110012, Delhi, India |
|
Position: |
Director |
|
Passport Number: |
L9400316 |
|
Issuing Country: |
India |
|
2 |
|
|
Name: |
Prime Star (HK) Limited |
|
Address: |
Unit 71, 2/F Mirador Mansion, 56-64 Nathan
Road, Tsim Shat Sui, Kowloon, Hong Kong |
|
Position: |
Corporate Secretary |
|
Registered Number: |
1262327 |
Operation
Information
From public files, we found a website www.transglobalhk.com
based on the supplied name. From the website, we found subject was mainly engaged
in trading and manufacturing of plastic materials and providing hotel booking
services.
Since we failed to contact with the subject,
the above information cannot be confirmed by the subject.
Settlements
Since we didn’t contact subject successfully,
the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully,
the financial information is not available from any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is
not available from any sources.
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 |
|
High Court Baukufty Bankruptcy Proceedings: |
Clear |
|
High Court Commercial Action: |
Clear |
|
High Court Construction & Arbitration
Proceedings: |
Clear |
|
High Court Companies Winding-Up: |
Clear |
Attachment
We made an on-site visit to the supplied address,
and we didn’t find subject on this location. The relevant staff on this
location introduced that this company was mainly engaged in providing
registration and accounting services, however, she refused to disclose further
information for us.
RM B 1/F Mau Lam Comm Bldg, 16-18 Mau Lam Street Jordan Kowloon
RM B 1/F Mau Lam Comm Bldg, 16-18 Mau Lam Street Jordan Kowloon
RM B 1/F Mau Lam Comm Bldg, 16-18 Mau Lam Street Jordan Kowloon
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.