|
|
|
MIRA INFORM REPORT
|
Report No. : |
504144 |
|
Report Date : |
20.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ENLIGHT TRADING LIMITED |
|
|
|
|
Registered Office : |
Unit 503D, 5/F., Tower 2, Harbour Centre, 8
Hok Cheung Street, Hunghom, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
06.08.2013 |
|
|
|
|
Com. Reg. No.: |
61847211 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of All Kinds of Diamonds |
|
|
|
|
No. of Employees : |
1 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
Hong Kong |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
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.
|
Source
: CIA |
Company
name and address
ENLIGHT TRADING
LIMITED
ADDRESS: Unit 503D, 5/F., Tower 2, Harbour Centre,
8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.
PHONE: 852-9077 0522
MANAGEMENT:
Managing Director: Mr. Tarun Krishnodhan Ghosh
SUMMARY
Incorporated on: 6th
August. 2013
Organization:
Private Limited
Company.
Issued Share Capital: HK$50,000.00
Business Category: Importer, Exporter and Wholesaler.
Employee:
1.
Main Dealing Banker: Not available.
Banking Relation: Not applicable.
ADDRESS
Registered Office:-
Unit 503D, 5/F., Tower 2, Harbour Centre, 8
Hok Cheung Street, Hunghom, Kowloon, Hong Kong.
BUSINESS
REGISTRATION NUMBER
61847211
COMPANY
FILE NUMBER
1948343
MANAGEMENT
Managing Director: Mr. Tarun Krishnodhan Ghosh
ISSUED
SHARE CAPITAL
HK$50,000.00
SHAREHOLDER
(As per registry dated 06-08-2017)
|
Name |
|
No. of
share |
|
Tarun
Krishnodhan GHOSH |
|
50,000 ===== |
.DIRECTOR
(As per registry dated 06-08-2017)
|
Name (Nationality) |
Address |
|
Tarun
Krishnodhan GHOSH |
AT P.O Nanna
Tal-Domjur, Dist Howrah, West Bengal, India. |
SECRETARY
(As per registry dated 06-08-2017)
|
Name |
Address |
Co. No. |
|
Louis
Lai & Luk Company Secretarial Services Ltd. |
9/F.,
Surson Commercial Building, |
0686503 |
HISTORY
The subject was incorporated on 6th August.
2013 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 notedName.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: All
kinds of Diamonds, etc.
Employee: 1.
Commodities Imported: India, etc.
Markets: Hong
Kong, other Asian countries, etc.
Terms/Sales:
CAD, L/C or as per
contracted.
Terms/Buying L/C,
T/T, D/P, etc.
FINANCIAL
INFORMATION
Issued Share Capital: HK$50,000.00
Profit or Loss: Made a very small profit in 2017.
Condition: Business
is fairly active.
Facilities: Adequate
for current running.
Payment:
Slow but
Correct.
Commercial Morality: Satisfactory.
Banker:
Not
Available.
Standing:
Small.
GENERAL
Enlight Trading Limited was incorporated on 6th August. 2013 as a
private limited liability company.
The subject is located at ‘Unit 503D, 5/F., Tower 2, Harbour
Centre, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong’. This is the registered address of the subject
in Hong Kong.
However, according to our spot investigation, there is no ‘Room
503D’ at the Fifth Floor, Tower 2, Harbour Centre’.
There are eight rooms at the Fifth Floor of the building: 501, 502, 503, 504, 505, 506, 507 and
508. There is no ‘Room 503D’.
‘Room 503’ is the operating office of a Hong Kong–registered
company known as Miranda Group Co. Ltd. [Miranda]. The subject is using the operating address of
Miranda as its corresponding address.
Please note the following:
Name: Miranda Group Co.
Ltd. [Miranda].
Address: Room 503, 5th Floor,
Harbour Centre Tower 2, 8 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong.
Date of Incorporation: 13th
November, 2009.
Contact Person: Ms. Cam Li
Miranda is trading in all kinds of diamond jewellery, silver and
gold jewellery, precious stone jewellery, precious stones, pearl jewellery,
etc.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has
issued 50,000 ordinary shares of HK$1.00 which is wholly-owned by Mr. Tarun
Krishnodhan Ghosh who is an India merchant.
He is an India passport holder and does not have the right to
reside in Hong Kong permanently. He
is also the only director of the subject.
His registered address is in West Bengal, India.
We can reach a representative of the subject who is a female at
your given Hong Kong mobile phone number 852-9077 0552.
According to the representative, the subject is also a diamond
trader or precious stone trader.
Commodities are sourced from India, China and local
suppliers. Prime markets are Hong Kong,
India, etc.
The subject’s business in Hong Kong is not very active. History in Hong Kong is over four years
and two months. It is trading in the
same products as Miranda, more or less.
The subject seems to be a business partner of Miranda.
On the whole, consider it good for business engagements in small
credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.78 |
|
|
1 |
INR 93.42 |
|
Euro |
1 |
INR 81.39 |
|
HKD |
1 |
INR 8.42 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
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
·
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.