3decades

MIRA INFORM REPORT

Report No. :	482834
Report Date :	05.01.2018

IDENTIFICATION DETAILS

Name :	JVS INTERNATIONAL LIMITED GUANGZHOU OFFICE

Registered Office :	(Part: Room 202-213) 102-03/202/302, No. 9, Rose 1 Street, Jiangnan West Road, Haizhu Dist, Guangzhou City

Country :	China

Date of Incorporation :	08.08.2002

Com. Reg. No.:	914401017418623884

Legal Form :	Representative Office of Foreign Enterprise

Line of Business :	Business liaison about import and export trade of clothing, textiles, footwear, watches, gifts (Not engaged in operation activity)

No. of Employees :	10

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Representative Office of Foreign Enterprise

Payment Behaviour :	Unknown

Litigation :	--

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

(30.06.2017)

Current Rating

(30.09.2017)

China

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

CHINA - ECONOMIC OVERVIEW

Since the late 1970s, China has moved from a closed, centrally planned system to a more market-oriented one that plays a major global role. China has implemented reforms in a gradualist fashion, resulting in efficiency gains that have contributed to a more than tenfold increase in GDP since 1978. Reforms began with the phaseout of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, growth of the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. China continues to pursue an industrial policy, state-support of key sectors, and a restrictive investment regime. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, China in 2016 stood as the largest economy in the world, surpassing the US in 2014 for the first time in modern history. China became the world's largest exporter in 2010, and the largest trading nation in 2013. Still, China's per capita income is below the world average.

After keeping its currency tightly linked to the US dollar for years, China in July 2005 moved to an exchange rate system that references a basket of currencies. From mid-2005 to late 2008, the renminbi appreciated more than 20% against the US dollar, but the exchange rate remained virtually pegged to the dollar from the onset of the global financial crisis until June 2010, when Beijing allowed resumption of a gradual liberalization. In 2015, the People’s Bank of China announced it would continue to carefully push for full convertibility of the renminbi (RMB) after the currency was accepted as part of the IMF’s special drawing rights basket. After engaging in one-way, large-scale intervention to resist appreciation of the RMB for a decade, China’s 2016 intervention in foreign exchange markets has sought to prevent a rapid RMB depreciation that would have negative consequences for the United States, China, and the global economy.

China’s economic growth has slowed since 2011. The Chinese Government faces numerous economic challenges including: (a) reducing its high domestic savings rate and correspondingly low domestic household consumption; (b) servicing its high corporate debt burdens to maintain financial stability; (c) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and college graduates, while maintaining competitiveness; (d) dampening speculative investment in the real estate sector; (e) reducing industrial overcapacity; and (f) raising productivity growth rates through the more efficient allocation of capital. Economic development has progressed further in coastal provinces than in the interior, and by 2016 more than 169.3 million migrant workers and their dependents had relocated to urban areas to find work. One consequence of China’s population control policy known as the “one-child policy” - which was relaxed in 2016 to permit all families to have two children - is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the North - is another long-term problem. China continues to lose arable land because of erosion and urbanization. The Chinese government is seeking to add energy production capacity from sources other than coal and oil, focusing on natural gas, nuclear, and clean energy development. In 2016, China ratified the Paris Agreement, a multilateral agreement to combat climate change, and committed to peak its carbon dioxide emissions between 2025 and 2030.

The government's 13th Five-Year Plan, unveiled in March 2016, emphasizes the need to increase innovation and boost domestic consumption to make the economy less dependent on government investment, exports, and heavy industry. However, China has made only marginal progress toward these rebalancing goals. Under President XI Jinping, Beijing has signaled its understanding that China's long-term economic health depends on giving the market a more decisive role in allocating resources, but has moved slowly on market-oriented reforms because of potential negative consequences for stability and short-term economic growth. He has also increased state-control over key sectors and Party control over state-owned enterprises. Chinese leaders in 2010 pledged to double China’s GDP by 2020, and the 13th Five Year Plan includes annual economic growth targets of at least 6.5% through 2020 to achieve that goal. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. Chinese leaders also have undermined some market-oriented reforms by reaffirming the “dominant” role of the state in the economy, a stance that threatens to discourage private initiative and make the economy less efficient over time.

Source : CIA

INVESTIGATION RECORD

Name of Interviewee	Mr. JAI
Tel	(86)13924195707
Investigation Way	Telephone

ORDER DETAILS & INVESTIGATION RESULTS

-	Order Information	Verification
Name(English)	JVS International Limited	English name of subject's head office. Subject's English name is as stated in the report.
Address (English)	Room No 805, Nanyou Building No. 142 Dong Feng Xi Lu Guangzhou	Correct
Tel	+8613924195707	Correct
Investigation Note	1. Subject’s fixed-line phone number and fax number are unavailable through public channels. Subject’s staff was contacted but declined to disclose its fixed-line phone number and fax number. Hence, only the mobile phone number of Mr. JAI (杰克) is provided in the report for reference. 2. Subject is an representative office and it is a non-legal entity. It has no registered capital. 3. Credit limit against subject cannot be provided in the report due to lack of financial information. Please be noted.

BASIC INFORMATION

Name (English)	JVS INTERNATIONAL LIMITED GUANGZHOU OFFICE (Confirmed by Subject's Employee)
Unified Social Credit Code	914401017418623884
AIC registration No.	440101500015182
National Organization Code	741862388
Company Status	Operational
Executive	GAJWANI SUNIL
Date of Establishment	2002-08-08
Employee	10 (2018-01-05)
SIC (China)	5180,Trade Broker and Agent
Import/Export Permit	Yes

CONTACTS

Mobile	(86)13924195707
E-mail	jaisaprah@hotmail.com
Address	Room 805, Nanyou Building, No. 142, Dongfeng West Road, Yuexiu Dist, Guangzhou City, Guangdong Province(Office)
Address Post code	510030
Ownership	Rented

GENERAL COMMENTS

RISK ANALYSIS

Established in August of 2008, subject mainly develops the business liaison of import and export trade based on its head office JVS INTERNATIONAL LIMITED (香港JVS國際有限公司). With a long history, subject has rich industry experience. However, as a representative office, it develops its business based on the head office. Subject's development is highly determined by its head office. Its future development remains to be observed.

REGISTRATION INFORMATION

REGISTRATION INFORMATION

Unified Social Credit Code	914401017418623884
AIC registration No.	440101500015182
Date of Establishment	2002-08-08
Registered Address	(Part: Room 202-213) 102-03/202/302, No. 9, Rose 1 Street, Jiangnan West Road, Haizhu Dist, Guangzhou City
Registry	Administration Bureau for Industry and Commerce – Guangzhou City
Chief	GAJWANI SUNIL
Legal Form	Representative Office of Foreign Enterprise
Operation duration	2041-06-21
Business Scope	Business liaison about import and export trade of clothing, textiles, footwear, watches, gifts (Not engaged in operation activity)

HEAD OFFICE

Name (English)	JVS INTERNATIONAL LIMITED
Country	Hong Kong
Registration No.	0750038
Date of Establishment	2001-03-12
Status	Operational

ULTIMATE HOLDING

-	Ultimate Shareholder	Investment Way
1	JVS INTERNATIONAL LIMITED	-

Ultimate Shareholder
English Name	JVS INTERNATIONAL LIMITED
Country	Hong Kong
Type	Foreign legal entity shareholder
Note	JVS INTERNATIONAL LIMITED -->100% JVS INTERNATIONAL LIMITED GUANGZHOU OFFICE

BRANCHES

INVESTMENT IN OTHER COMPANIES

---

MANAGEMENT

CHIEF

Name	GAJWANI SUNIL
Position	Chief representative
Gender	Male

INVOLVEMENT IN OTHER COMPANIES

MANAGEMENT

-	Name	Position	Gender
1	GAJWANI SUNIL	Chief representative	Male

JUDICIAL INFORMATION

DEFAULT EXECUTED PARTY

As of the reporting date, no related record about subject is found through below sources: