%20INVESTMENT%20LTD%2004-Jun-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MILLION LINK (CHINA) INVESTMENT LTD |
|
|
|
|
Registered Office : |
RM 3508, 35FL Bank Of America Tower 12 Harcourt Rd |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
28.04. 1999 |
|
|
|
|
Com. Reg. No.: |
0673680 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Sales and Distribution of Caustic Soda Flakes, Citric Acids,
Ferro-Alloys and Other Related Metal Products to local and International
Markets |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 10,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
MILLION
LINK (CHINA) INVESTMENT LTD
RM 3508, 35FL BANK OF AMERICA TOWER
12 HARCOURT RD, HONG KONG
TEL: 852-28158007 FAX: 852- 28158377
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 28, 1999
REGISTRATION NO. :
0673680
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. GANG XIA (CEO)
STAFF STRENGTH :
5
CAPITAL :
US$ 643,959
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.80553 = 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
%20INVESTMENT%20LTD%2004-Jun-2008_files/image003.gif){kind=small}
*Company History*
===============
December 2003 - Established MILLION LINK (INDIA) SMELTING
PVT LTD.
July 2005 -
Established MILLION LINK (EGYPT) LTD.
- BILLIONLINK refreshed successfully, make a big improvement for data
standardization.
January 2006 -
Established MILLION LINK (PAKISTAN) PVT LTD.
April 2006 -
Established MILLION LINK CANADA TRADE LTD.
November 2006 -
BILLIONLINK refreshed again.
December 2006 -
Established MILLION LINK (VIET NAM) branch has been founded.
*Company Registration*
==================
(1)
License number : 0673680
Date issued : 28 April,
1999
Issuing authority : Companies Registry
Type of license : Corporate
(2)
License number : 30065604-000
Date issued : N/A
Issuing authority : Business Registration Office - Inland Revenue Dept
Type of license :
Business
*Office & Facilities*
================
Previous address: Flat B 5Fl Union Way Commercial Centre 263 Queen's Rd
Central Hong Kong
*Capital Details*
=============
Authorized capital: HKD 5,010,000.00 divided into 5,010,000 ordinary
shares at HKD 1.00/-each, fully paid
%20INVESTMENT%20LTD%2004-Jun-2008_files/image004.gif){kind=small}
www.millionlink.com
the design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: ceo@millionlink.com
%20INVESTMENT%20LTD%2004-Jun-2008_files/image005.gif){kind=small}
For the past two years there is no record of litigation.
%20INVESTMENT%20LTD%2004-Jun-2008_files/image006.gif){kind=small}
*Major Shareholders*
=================
Total number of shareholders: 2
Total number of shares: 5,010,000
Shareholders Country Number Amount (HKD) %
------------------ ------------- --------------- ----------------- -------
Mr. Gang Xia China 2,555,100.00 2,555,100.00
51.00
Mr. Li-ping Wang Hong Kong 2,454,900.00 2,454,900.00
49.00
*Company Secretary*
================
MILLION LINK SHIPPING LTD
CR no. : 383675
Address : Rm 3508, 35Fl Bank Of America Tower 12 Harcourt Rd Hong Kong
%20INVESTMENT%20LTD%2004-Jun-2008_files/image007.gif){kind=small}
Management: Mr. Gang Xia, CEO
Mr. Summer Hill, President
Name Nationality
Job Description
Mr. Gang Xia Chinese
CEO
Mr. Summer Hill Hong
Kong President
%20INVESTMENT%20LTD%2004-Jun-2008_files/image008.gif){kind=small}
*Main Products & Services*
======================
Specializes in sales and distribution of caustic soda flakes, citric
acids, ferro-alloys and other related metal products to local and international
markets for the following industries :
- Ferroalloys
- Foundry
- Mines
- Iron and steel
- Nonferrous
- Chemicals
- Paper
- Pharmaceuticals
Products: Alumina
Calcium, metal
Caustic soda
flakes
Chromium metal
Citric acids
*Payment Terms*
==============
Sales
-------
Local : Cash or Credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or Credit
*Quality Certification*
=================
Type of certification : ISO9001:2000
Issuing authority : CHINA
CLASSIFICATION SOCIETY QUALITY ASSURANCE LTD
Date of certification :
September 2004
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
%20INVESTMENT%20LTD%2004-Jun-2008_files/image009.gif){kind=small}
*Strategic Partners & Alliances*
=========================
Group name : MILLION LINK Group
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : CARAT LOGISTICS LTD
Address : Vanke City Garden Zhengyi Rd Hebei Dist Tianjin 300150 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK (INDIA) SMELTING PVT LTD
Address : Shop 7, 3Fl NWA Club Rd New Delhi 110026 Delhi India
Country : India
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK (PAKISTAN) PVT LTD
Address : 207 Ibrahim Trade Tower Main Shahrah-e-Faisal Karachi Sindh
Pakistan
Country : Pakistan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK (TIANJIN) INT'L TRADE CO LTD
Address : Vanke City Garden Zhengyi Rd Hebei Dist Tianjin 300150 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK (VIET NAM)
Country : Vietnam
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK AMERICAS LTD
Address : Suite 312, 2505 Chamblee Tucker Rd Atlanta 30341 Georgia USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK CANADA TRADE LTD
Address : Apartment 408, 251 Platts Lane London N6H 4P4 Ontario Canada
Country : Canada
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK FERRO ALLOYS INDONESIA PT
Address : Komplek Cemara Asri Jalan Manggis 82 Medan North Sumatra Indonesia
Country : Indonesia
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK FERROALLOYS LTD
Address : City Garden Zhengyi Rd Hebei Dist Tianjin 300150 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK INT'L TRANSPORTATION LTD
Address : Vanke City Garden Zhengyi Rd Hebei Dist Tianjin 300150 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : MILLION LINK LTD
Address : 4 Nazmy Boutros St from Nabie Daniel St Ramel Station
Alexandria Egypt
Country : Egypt
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : SAM SUMMER INT'L TRADE CO LTD
Address : Vanke City Garden Zhengyi Rd Hebei Dist Tianjin 300150 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
%20INVESTMENT%20LTD%2004-Jun-2008_files/image010.gif){kind=small}
PAYMENT RATING : 3 OBTAINED SCORES :
50
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
Dealings on open terms may be possible for SMALL amounts
depending on individual judgement experience.
%20INVESTMENT%20LTD%2004-Jun-2008_files/image011.gif){kind=small}
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
%20INVESTMENT%20LTD%2004-Jun-2008_files/image012.gif){kind=small}
SC is considered small-sized in its line with a development history of 9
years. Taking into consideration of SC’s general performance, a credit line up
to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 1061 Ferroalloy
ores, except vanadium
Exporting 3399 Primary
metal products,
Exporting 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2805 Alkali
metals etc; rare-earth metals etc; mercury
Exporting 2841100000 Aluminates
Exporting 7115 Articles
of or clad with precious metal
Exporting 7202995040 Ferroalloys
Exporting 8111 Manganese
and articles thereof, inc waste and scrap
Exporting 8112200000 Chromium and articles thereof, inc waste and scrap
Exporting 8300 Miscellaneous
articles of base metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Caustic soda
flakes
Exporter Alumina
Exporter Calcium,
metal
Exporter Chromium
metal
Exporter Manganese
metal
Exporter Silicon
metal
Exporter Titanium
sponge
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Bangladesh
Exporting to Egypt
Exporting to Europe
Exporting to Middle East
Exporting to North America
Exporting to Pakistan
Exporting to Russia
Exporting to Singapore
Exporting to South Korea
Exporting to Taiwan
Exporting to USA
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)