MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
LEO CHEMICAL (HONG KONG) CO LTD |
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Registered Office : |
Mnj 2070 Rm 1602, 16FL Omega Plaza, 32 Dundas St Mongkok
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
March 26, 2003 |
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Com. Reg. No.: |
0842456 |
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Legal Form : |
Private |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
LEO CHEMICAL (HONG KONG) CO LTD
MNJ2070 RM 1602, 16FL OMEGA PLAZA
32 DUNDAS ST MONGKOK KOWLOON, HONG KONG.
TEL : N/A
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 26, 2003
REGISTRATION NO. :
0842456
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
N/A
STAFF STRENGTH :
N/A
CAPITAL :
US$ 1,284
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
NO DATA
RECOMM. CREDIT RANGE : NR
MARKET CONDITION :
N/A
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.77395 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
HKD –Hong Kong Dollars
*Company Registration*
===================
(1)
License number : 0842456
Date issued : 26 March,
2003
Issuing authority : Companies
Registry
Type of license : Corporate
Legal form : Private
Limited Company
(2)
License number : 33485677-000
Issuing authority : Business
Registration Office - Inland Revenue Dept
Type of license : Business
*Company Name*
=============
Incorporated as : LEO CHEMICAL (HONG KONG) CO LTD
Date of incorporation : 26
March, 2003
Changed name to : LEO
TEXTILE (HONG KONG) CO LTD
Date of change : 20
February, 2004
Changed name to : LEO
CHEMICAL (HONG KONG) CO LTD
Date of change : 4
May, 2006
*Capital Details*
=============
Authorized capital : HKD 10,000.00 divided into 10,000 ordinary shares
at HKD 1.00/-each, fully paid
*Approved Signatures*
===================
Mr. Ya-min Li can sign on behalf of the company with seal affixed.
www.leochem.com The design is
professional and the content is well organized. At present it is in English
version.
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders
: 2
Total number of ordinary shares
: 10,000
Shareholders' Name No. of
Ordinary Shares Amount of Shares
(HKD) % of Shares
--------------------------
-------------------------------
----------------------------------
----------------
Ya-min Li 8,000 8,000.00 80.00
Li-xun Han 2,000 2,000.00 20.00
*Directors' Details*
===============
(1)
Li-xun Han
China ID number : G06060026
Founder :
Co-founder
Address : C610-616
Xingbei Development Mansion 391 Tongjiang Rd Changzhou Jiangsu China
(2)
Ya-min Li
China ID number : G00813794
Founder :
Co-founder
Responsibility : Handles the
overall management of the company.
Address : C610-616
Xingbei Development Mansion 391 Tongjiang Rd Changzhou Jiangsu China
*Company Secretary*
=================
HKRTP LTD
Address : Rm 1007, 10Fl Ho
King Center - MSH 2538, 2-16 Fa Yuen St Mongkok Kowloon Hong Kong
CR number : 663489
SC declined to release its management background at present.
*Operations Status*
==============
Extensive investigations have been conducted to identify the status of
commercial operations of the Subject Business Entity and the following were
revealed:
1. The contact numbers provided in the inquiry (Tel nos. 86
519-5193661/662/663/667 and Fax no. 86 519-5193669) is a subscriber numbers in
China. Please note that the dialing code for Hong Kong is (852).
2. Despite numerous enquiries being made we have been unable to
establish the precise nature or extent of the company's present operations.
3. Additionally, attempts to identify other commercial points of
reference being used by the Subject Company proved to be unsuccessful. These
include:
- Searches with the main
local Telecom supplier for telephone and/or fax lines.
- Checks with the local trade
and business associations.
- Attempts to identify trade
references within the Chemical industry sector.
Products: Bulk drugs
When we dialed the given telephone number 0086
519 5193661/662/663, a gentleman Mr. Zhou answered. He released that his company
is registered as “Changzhou Leo Chemical Co., Ltd.” in local AIC. “Leo Chemical
(Hong Kong) Ltd. Changzhou Office” is its trade name.
From local AIC, we find the following
registered information:
Registered Name: (Changzhou Leo Chemical Co.,
Ltd.)
Address: C610-616, Xingbei Development Mansion, No. 391 Tongjiang
Avenue, Changzhou, Jiangsu Province.
Incorporation Date: Apr. 23, 2002
Registration No.: 3204022101045
Registered Legal Form: Limited
Liabilities Company
Staff Strength: 10
Registered Capital: CNY 500,000
Business scope: selling chemicals (excluding dangerous chemicals and
Class I poisonous chemicals), industrial manufacture materials (excluding
specially regulated items), hardware, medical intermediates (excluding
dangerous goods), commodities, arts and crafts (excluding specially regulated
items), textiles, building materials, decorative materials, package equipment,
package materials; goods information services, import and export of various
goods and technologies (excluding the items prohibited or limited by the
country) (with permit if needed).
Shareholders and shareholding:
Name %
of Shareholding
Han Lixun 29.8
Li Yamin 70.2
Mr. Zhou also
uncovered the following information:
SC is mainly
engaged in exporting medical intermediates.
SC sources its materials 100%
from domestic market. SC sells 100% of its products in overseas market, mainly
to India.
Major Products: 2-Amino-4, 6-Dimethoxy Pyrimidine, 4/5/6/7-Chloro
Indole, Cyclisations/ condensation; Grignard reactions; Halogenations;
Heterocyclic ring formations; Hydrogenations; Phase transfer catalysis;
Oxidations/reductions;
PAYMENT RATING : NR OBTAINED SCORES : No Data
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
SC’s financial highlights details are not available at present.
Based on the investigations performed, it has not been possible to prepare
a normal credit report on the company. Given the circumstances, caution is
advised related to dealings with persons claiming to represent such an entity.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 5122 Drugs/Druggists'
Sundries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2933393500 Other
drugs containing an unfused pyridine ring (whether or not hydrogenated) in
the
structure
Trading 2934302700 Other
drugs,
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)