MIRA
INFORM REPORT
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Report Date : |
06.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
LI SHAN STONE LTD. |
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Registered Office : |
7/F., Hong Kong Trade Centre, 161-167 Des Voeux Road
Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.10. 2007 |
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Com. Reg. No.: |
38561381 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Re-exporter and Exporter of All kinds of Stone Products, Building Materials, etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name of the company
LI SHAN
STONE LTD.
ADDRESS
Flat A, 2/F., 9-11 Cedar Street, Prince Edward Road, Mongkok, Kowloon, Hong Kong.
PHONE: 2394 0078
FAX: 2394 0880
MANAGEMENT
Executive Director: Mr. Li Tiande
SUMMARY
Incorporated on: 25th October, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Stone Product Trader.
Employees: 4. (Including affiliates)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Office:-
c/o Fung, Yu & Co.
7/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong.
Head Office:-
Flat A, 2/F., 9-11 Cedar Street, Prince Edward Road, Mongkok, Kowloon, Hong Kong.
China Factory:-
Yongfeng Bridge, Hekou Town, Yunfu City, Guangdong Province, China.
Associated
Companies:-
Gao Shan Stone Co. Ltd., Hong Kong. (Same address)
Hua Shan Stone Co. Ltd., Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
38561381
COMPANY FILE NUMBER
1178634
MANAGEMENT
Executive Director: Mr. Li Tiande
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry
dated 25-10-2008)
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Name |
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No. of shares |
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LI Tiande |
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5,100 |
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ZHU Wanling |
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4,900 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 25-10-2008)
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Name (Nationality) |
Address |
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LI Tiande |
No. 75 Xingyun Dong Road, Yuncheng District, Yunfu City, Guangdong Province, China. |
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ZHU Wanling |
No. 1 Luosha Development Area, Yuncheng District, Yunfu City, Guangdong Province, China. |
SECRETARY
(As per registry
dated 25-10-2008)
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Name |
Address |
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SO Yuk Ngor |
7/F., Hong Kong Trade Centre, 161-167 Des Voeux Road Central, Hong Kong. |
HISTORY
The subject was incorporated on 25th October, 2007 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: Importer, Re-exporter and Exporter.
Lines: All kinds of stone products, building materials, etc.
Employees: 4. (Including affiliates)
Commodities Imported: Imports raw materials from Italy, India, Turkey and finished products from China.
Markets: Japan, Hong Kong, Southeast Asia, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C and T/T.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit & Loss: Too early to offer an opinion.
Condition: Business is still under development.
Facilities: Trying to make use of the general banking facilities.
Payment: Maybe meet as required.
Commercial Morality: Too early to comment.
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
GENERAL
Incorporated on 25th October, 2007, Li Shan Stone Co. Ltd. is a private limited company jointly owned by Mr. Li Tiande, holding 51% interest, and Ms. Zhu Wanling, holding 49%.
Li and Zhu are also directors of the subject. Both of them are China I.D. Card holders. Currently, they are residing in Yunfu City, Guangdong Province, China.
The subject is principally controlled by Mr. Li Tiande.
The subject is a stone products trader. Main products are marble, granite, and stone slabs. Raw materials, mainly imported from India, Turkey and other European countries, are re-exported to Yunfu City, Guangdong Province, China for further processing.
To our knowledge, the shareholders have got an affiliated factory manufacturing all kinds of stone products in Yunfu City, Guangdong Province. Finished stone products are exported to Japan, Hong Kong and Southeast Asia. Business is still under development.
Currently, Li and Zhu are in China administering the stone processing plant.
The subject has got an affiliate company Hua Shan Stone Co. Ltd. [Hua Shan] located at the same address. Incorporated on 30th March, 2001, Hua Shan is engaged in the same lines of business as the subject. The directors of Hua Shan are Mr. Li Tiande and Mr. Li Jinxing. Mr. Li Jinxing is also a stonemason residing in Yunfu City, Guangdong Province, China.
Another affiliated company Gao Shan Stone Co. Ltd. [Gao Shan] is also located at the same address. Incorporated on 26th February, 2003, Gao Shan is a private limited company equally owned by Mr. Li Tiande and Mr. Ye Jingliang. This firm is also engaged in the same lines of business as the subject.
Since the subject is newly established, consider it good for normal business engagements on L/C basis.
COURT CASES: None per our records.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
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%)