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MIRA INFORM REPORT
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Report No. : |
502243 |
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Report Date : |
13.04.2018 |
IDENTIFICATION DETAILS
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Name : |
PEAK LEADER
ENTERPRISES LIMITED |
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Registered Office : |
Room 501 – 509, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan
Road, Cheung Sha Wan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
01.05.1984 |
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Com. Reg. No.: |
09021687 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer, Importer and Exporter of All Kinds of Tapes, Ribbons. |
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No. of Employees : |
40. (Including Associate) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 reexports, 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 continues to
link its currency closely to the US dollar, maintaining an arrangement
established in 1983.
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 aided a more rapid initial recovery 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 9.4% of
total system deposits in Hong Kong by the end of 2015. 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. Mainland
visitors to Hong Kong declined 3% in 2015 to approximately 45.7 million,
reflecting an overall drop of 2.5% in total visitors to Hong Kong. Hong Kong
has also established itself as the premier stock market for Chinese firms
seeking to list abroad. In 2015, mainland Chinese companies constituted about
51% of the firms listed on the Hong Kong Stock Exchange and accounted for about
62.1% 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. 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, which took effect in
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. Credit expansion and a tight housing supply have caused Hong Kong
property prices to rise rapidly; consumer prices increased 2.6% in 2016, but
slowed to 2.0% in 2017. Lower- and middle-income segments of the population are
increasingly unable to afford adequate housing.
Hong Kong’s economic integration with the mainland continues to be most
evident in the banking and finance sector. Initiatives like the Hong
Kong-Shanghai Stock Connect, the Mutual Recognition of Funds, and The Hong Kong
Shanghai Gold Connect are all important steps towards opening up the Mainland’s
capital markets and has reinforced Hong Kong’s leading role as China’s offshore
RMB market. Additional connect schemes from bonds to commodities and other
investment products are also under exploration by Hong Kong authorities. In
2017, Chief Executive Lam announced plans to increase government spending on
research and development, education, and technological innovation with the aim
of spurring continued economic growth through greater sector diversification.
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Source
: CIA |
Company
name & address
PEAK LEADER
ENTERPRISES LIMITED
ADDRESS: Room 501 – 509, 5/F., Elite Industrial
Centre, 883 Cheung Sha Wan Road, Cheung Sha Wan, Kowloon, Hong Kong.
PHONE: 852-2322 8888
FAX: 852-2310 4482
MANAGEMENT
Managing Director: Mr. Ko Yat
Fung, Tony
SUMMARY
Incorporated on: 1st May, 1984.
Organization: Private Limited Company.
Issued Share Capital: HK$200,000.00
Business Category: Manufacturer,
Importer and Exporter.
Employees: 40. (Including Associate)
Main Dealing Banker: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Name
PEAK LEADER ENTERPRISES LIMITED
ADDRESS
Registered Head
Office:-
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road, Cheung
Sha Wan, Kowloon, Hong Kong.
Operating Office:
Room 501 – 509, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Cheung Sha Wan, Kowloon, Hong Kong.
Associated
Companies:-
Wayland Weaving (Guangzhou) Ltd., China.
Wilson Dyeing & Weaving (Huadu) Ltd., China.
Wilson Garment Accessories (International) Ltd., Hong Kong. (Same
address)
Wilson Garment Accessories Int’l (USA) Corp., US.
Wilson Industrial (Jiang Xi) Ltd., China.
Wilson Industrial Holdings Ltd., Hong Kong.
BUSINESS
REGISTRATION NUMBER
09021687
COMPANY
FILE NUMBER
0136265
MANAGEMENT
Managing Director: Mr. Ko Yat
Fung, Tony
Contact Person: Mr. Kenny Sit
ISSUED
SHARE CAPITAL
HK$200,000.00
SHAREHOLDERS
(As per registry dated 01-05-2017)
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Name |
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No. of shares |
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KO Yat Fung |
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152,000 |
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KO Wan Ping |
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12,000 |
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KO Wan Har |
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12,000 |
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KO Tsz Yeung Nelson |
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12,000 |
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TING Ho Hang |
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12,000 |
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––––––– |
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Total: |
200,000 ====== |
DIRECTORS
(As per registry dated 01-05-2017)
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Name (Nationality) |
Address |
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KO Yat Fung |
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Kowloon, Hong Kong. |
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KO Wan Har |
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Kowloon, Hong Kong. |
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KO Wan Ping |
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Kowloon, Hong Kong. |
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TING Ho Hang |
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Kowloon, Hong Kong. |
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KO Tsz Yeung, Nelson |
Room 504, 5/F., Elite Industrial Centre, 883 Cheung Sha Wan Road,
Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 01-05-2017)
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Name |
Address |
Co. No. |
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Winsome Rich Secretarial Service Ltd. |
Room 1012, 10/F., Wealth Commercial Centre, 48 Kwong Wa Street,
Mongkok, Kowloon, Hong Kong. |
0403915 |
HISTORY
The subject was incorporated on 1st May, 1984 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Manufacturer,
Importer and Exporter.
Lines: All
Kinds of Tapes, Ribbons.
Employees: 40. (Including associate)
Materials/Commodities: Imports raw
materials from European countries, some of the Asian countries and finished
products from
China.
Markets: China,
Taiwan, Japan, South Korea, India, Southeast Asia, Western Europe, North
America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, etc.
FINANCIAL
INFORMATION
Issued Share Capital: HK$200,000.00
Profit or Loss: Making
a small profit every year.
Condition: Keeping in a satisfactory
manner.
Facilities: Making active use of general
banking facilities.
Payment: No Complaints.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing: Good.
GENERAL
Having issued 200,000 ordinary shares of HK$1.00 each, Peak Leader Enterprises
Limited is jointly owned by Ms. Ko Yat Fung, holding 76% interests; Ms. Ko Wan
Ping, holding 6%; Ms. Ko Wan Har, 6%; Ko Tsz Yeung, 6% and Mr. Ting Ho Hang,
also 6%. All of them are also directors
of the subject.
The subject has had an associated company Wilson Garment Accessories
(International) Ltd. [WGAI] located at its operating address.
The subject is a member of the Wilson Group [Wilson / Group].
The subject and WGAI are engaged in the same lines of business, more or
less. WGAI is also managed and owned by
the Ko family.
WGAI was established in 1981. It
is specialized in the dyeing of garment tapes and cords. It has had offices located in Hong Kong,
Shanghai, Dongguan, New York and sales groups based in Singapore, Sri Lanka,
India and South Korea.
The subject is trading in the following commodities:-
Belt – Textile (OEM)
Ribbon (Woven-Edge)(Including polyester, nylon, OEM)
Cordage
Twine and String (Cotton/synthetic cords, OEM)
Tape – Textile (including Bias) (Including fast colour cotton twill,
OEM)
Braid and Webbing (including Elastic Webbing) (OEM)
Woven Label (OEM)
Hang Tag and Printed Label For Garment (Printed label, OEM)
Products are exported to Japan, South Korea, North America, Southeast
Asia, Taiwan, India, Other Asian Countries, Western Europe, etc.
Wilson has had an associated factory in Huadu District, Guangzhou City,
Guangdong Province, China known as Wilson Dyeing & Weaving (Huadu) Co. Ltd.
[Wilson D&W].
Wilson Group was established in 1981.
With over 30 years of experience and technical expertise, Wilson has
been a well-established company specializing in the dyeing of garment tapes and
cords. It has offices located in
Hong Kong, Shanghai, New York and sales groups based in Singapore,
Sri Lanka, India and South Korea.
Whereas its factories are in Guangzhou (China) and Ganzhou(China),
factory plants area are over 130,000 m˛ with technical staff and dyeing experts
up to 2,000.
Its products include knitted and woven tapes, cords, elastic webbings, bungee
cords, jacquard tapes, laces, printed tapes, ribbons, 3M reflective tapes,
shoelaces, labels and belts.
The subject’s business is active.
History in Hong Kong is about 34 years.
The business of the subject is active.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.35 |
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1 |
INR 92.70 |
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Euro |
1 |
INR 80.80 |
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HKD |
1 |
INR 8.32 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
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Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.