|
|
|
MIRA INFORM REPORT
|
Report No. : |
486062 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
NISUKO INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Unit N, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street,
Jordan, Kowloon, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
25.06.2005 |
|
|
|
|
Com. Reg. No.: |
35777470 |
|
|
|
|
Legal Form : |
Private Limited Liability |
|
|
|
|
Line of Business : |
Subject is a
trading company trading in the following commodities: Poly resin figurine, home decoration, gift items, house hold products,
electronic products, computer accessories, hardware, leather bags and belts, textile
products, garments and garment accessories, zippers, bracelets, electronic
cigarettes, footwear and parts of footwear, data processing machines |
|
|
|
|
No. of Employees : |
No employees in Hong Kong Note: It is to be noted that the
company does not have its own operating office in Hong Kong. The company uses
the address of its secretariat as its correspondence address only. Subject
operates from some other country and does not have a base in Hong Kong. Such
companies are registered in Hong Kong just to tax benefit purpose and due to
the strict privacy laws prevailing in the country. In such cases, the
companies are not required to have any employees in Hong Kong nor do have an
office there. |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
No operating office in Hong Kong |
|
|
|
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
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, effective 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 4.4% in 2014, but slowed to 2.9% in 2015. 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.
|
Source
: CIA |
Company
name and address
NISUKO
INTERNATIONAL LIMITED
ADDRESS:
Registered
Office:-
c/o Buttar.HK Ltd./Buttar Secretarial Ltd.
Unit N, 1/F., Mau Lam Commercial Building, 16-18
Mau Lam Street, Jordan, Kowloon, Hong Kong.
BUSINESS
REGISTRATION NUMBER
35777470
COMPANY
FILE NUMBER
0979511
DATE
OF INCORPORATION
25th June, 2005.
ISSUED
SHARE CAPITAL
HK$10,000.00
SHAREHOLDER
(As per registry dated 25-06-2017)
|
Name |
|
No.
of shares |
|
Suresh ASWANI |
|
10,000 ===== |
DIRECTOR
(As per registry dated 25-06-2017)
|
Name (Nationality) |
Address |
|
Suresh ASWANI |
Flat 5A, Block
15, Bai Yi Yuan Sinolink Garden, No. 28 Taining Road, Lo Hu,
Shenzhen, China. |
SECRETARY
(As per registry dated 25-06-2017)
|
Name |
Address |
Co.
No. |
|
Buttar
Secretarial Ltd. |
Unit 13, 16/F., Asia Trade Centre, 79 Lei
Muk Road, Kwai Chung, New Territories, Hong Kong. |
2086550 |
MORTGAGE
OR CHARGE
|
Date |
Particulars |
Amount |
|
20-05-2009 |
Instrument: Lien
and Set-Off Agreement Property: Fixed Deposit DFN1040643 20.04.2009 us$40,981.05 20.07.2009 Mortgagee: HBZ
Finance Ltd., Hong Kong. |
Loans, credit financial accommodation and
facilities |
|
14-03-2011 |
Instrument: Assignment of Receivables – General with
Notice of Assignment Property: In consideration
of the Banking Facilities, the Customer, as beneficial owner and by way of security
for the payment of the Secured Monies, hereby assigns, and agrees to assign,
to the Bank the Receivables until all the Secured Monies have been paid or
discharged. Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
To secure all monies in respect of banking
facilities owing at any time plus interest and all expenses |
|
14-03-2011 |
Instrument: Security Over Deposits with the Bank –
Limited Company – Under Seal Property: Initially US$65,000
or equivalent and all monies whether now or hereafter standing to the credit
of Company’s deposit with the Bank under deposit number 817-274822 (0001) Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
To secure all monies in respect of banking
facilities owing at any time plus interest and all expenses |
|
23-05-2013 |
Instrument: Mortgage Property: 10/1,180th parts
or shares of and in The Remaining Portion of Kowloon Inland Lot No. 6196, The
Remaining Portion of Kowloon Inland Lot No. 6197, Kowloon Inland Lot No.
6198, Kowloon Inland Lot No. 6199, Kowloon Inland Lot No. 6200 and Kowloon
Inland Lot No. 6201 (Flat D on 9/F. of Wah Wai Mansion, 72 Wai Ching Street,
Kowloon, Hong Kong.) Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., Hong Kong. |
To secure all monies in respect of general
banking facilities and interest |
GENERAL
Nisuko International
Limited was incorporated on 25th June, 2005 as a private limited liability company
under the Hong Kong Companies Ordinance.
The subject does not have
its own operating office. Its registered
office is in a commercial service firm located at ‘Unit N, 1/F., Mau Lam
Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong’ known as
‘Buttar Secretarial Ltd.’ [BSL] which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
‘Unit N’ is the file number of the subject in the secretarial
company. BSL has more than one office in
Hong Kong.
According to the Companies
Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00
each which are wholly-owned by Mr. Suresh Aswani who is an India merchant.
He is an India passport
holder and does not have the right to reside in Hong Kong. He is also the only director of the
subject. His registered address is in Lo
Hu District, Shenzhen Special Economic Zone, China.
The subject’s main office
seems to be in Shenzhen SEZ, China. Its
brief information is as follow:
Name: Nisuko International Ltd.
Address: 1504A, A Block, Carrianna Friendship Square, Renmin Nan Road,
Louhu District, Shenzhen SEZ, China.
Fax: +86-755-82376558
The subject is a trading
company trading in the following commodities:
Poly resin figurine, home
decoration, gift items, house hold products, electronic products, computer
accessories, hardware, leather bags and belts, textile products, garments and
garment accessories, zippers, bracelets, electronic cigarettes, footwear and
parts of footwear, data processing machines,
The main markets of the
subject are India, the Middle East, other Asian countries, the United States,
etc. One of its US customers is Dzone 88
Inc. which is in TX, 75229 the United States.
Another India customer is Saptrovision Global.
The business of the China
Company is handled by Suresh Aswani himself.
The subject’s business in
Hong Kong is not active. History in Hong
Kong is over twelve years and six months.
On the whole, since the
subject does not have its own operating office and has no employees in Hong
Kong, consider it good for business engagements on L/C basis.
Note
It is to be noted that the company does not have its own operating
office in Hong Kong. The company uses the address of its secretariat as its correspondence
address only. Subject operates from some other country and does not have a base
in Hong Kong. Such companies are registered in Hong Kong just to tax benefit
purpose and due to the strict privacy laws prevailing in the country. In such
cases, the companies are not required to have any employees in Hong Kong nor do
have an office there.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.76 |
|
|
1 |
INR 89.91 |
|
Euro |
1 |
INR 78.20 |
|
HKD |
1 |
INR 8.18 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
KET |
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.