MIRA
INFORM REPORT
|
Report Date : |
13.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
NEW PROFIT ENTERPRISES LTD |
|
|
|
|
Registered Office : |
UNIT 7-11, 20FL Tins Enterprises Centre 777 Lai Chi Kok Rd Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
21.08. 2007 |
|
|
|
|
Com. Reg. No.: |
1160298 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Imports and Local Purchase of Scrap Metals. Sales and Distribution of purchased 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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
NEW
PROFIT ENTERPRISES LTD
UNIT 7-11, 20FL TINS ENTERPRISES CENTRE
777 LAI CHI KOK RD KOWLOON, HONG KONG
TEL: 852-35261818 FAX: 852-35260818
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 21, 2007
REGISTRATION NO. :
1160298
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. JOYCE CHAN (VICE PRESIDENT)
STAFF STRENGTH :
10
CAPITAL :
US$ 12,853
BUSINESS LINE :
TRADER
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
TO SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
HKD 7.81269 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company Registration*
===================
(1)
License number : 1160298
Date issued : 21 August, 2007
Issuing authority : Companies Registry
Legal form : Private Limited Company
Type of license : Corporate
(2)
License number : 38406690 - 000
Issuing authority : Business Registration Office -
Inland Revenue Dept
Type of license : Business
*Capital Details*
=============
Authorized capital : HKD 99,999.00 divided into 99,999 ordinary shares
at HKD 1.00/-each, fully paid
*Office & Facilities*
================
Other Contact Details
-----------------------------
E-mail :
hopshingcompany@163.com
Website : www.greenvisionholdings.com
*Approved Signatures*
===================
Mr. Kin-wah Chu can sign on behalf of the company with seal affixed.
*Registrar*
=========
SME CORPORATE SERVICES LTD
www.newprofitent.com
this website belongs to “Green Vision Holdings Ltd”. The design is professional
and the content is well organized. At present it is in both Chinese and English
versions.
E-mail: info@greenvisionholdings.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 1
Total number of shares: 99,999
Shareholders Country Number
Amount (HKD) %
GREEN VISION HOLDINGS LTD Virgin
Islands (British) 99,999.00 99,999.00 100.00
Management: Ms. Susan Shwong, Manager
Ms. Joyce Chan, Vice President
Name Nationality
Job Description Dept. / Division
Ms. Susan Shwong Hong Kong Manager Business
Development
Ms. Joyce Chan Hong
Kong Vice President -
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Imports and local purchase of scrap metals.
2. Sales and distribution of purchased products to local and
international markets.
Products: Scrap metals
*Payment Terms*
==============
Sales
-------
Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Local Distribution Network*
=======================
Part of the annual turnover is attributed to local sales.
*Export Markets*
==============
Part of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name : JE FULFILMENT (CHONGQING) LTD
Address : 188 Tianzi Industrial Area Shenming Middle Rd Wangzhou Dist
Chongqing 404000 China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : JE FULFILMENT (SHANGHAI) LTD
Address : Rm 1905 Hong Kong Plaza 282-283 Huai Hai Zhong Rd Shanghai
200021 China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : JE FULFILMENT (SHENZHEN) LTD
Address : Unit 802, Excellence Mansion 98 Fuhua 1 Rd Futian Dist Shenzhen
518048 Guangdong China
Telephone: +86 0755 82878260
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
Company Name : JE FULFILMENT (TIANJIN) LTD
Address : Rm 313 Huaying Bldg 418 Hongqi South Rd Nankai Dist Tianjin
300190 China
Country : China
Relationship : Affiliate
Legal Form : Liaison/Representative office of overseas company
Company Type : Service
Industry : Professional Services
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains liaison office in USA. Details as follows :
Adress : PO Box 850651 Braintree Boston MA 02185 USA
Tel no. : 781-8483277
Fax no. : 781-8485079
*Strategic Partners & Alliances*
=========================
Group name : GREEN
VISION Group
Holding company : GREEN VISION HOLDINGS LTD
Members : JOHNSON
ELECTRIC ENTERPRISES LTD
NEW PROFIT ENTERPRISES LTD
HUGO CHOICE LTD
TRUE LOYAL INTERNATIONAL LTD
GOLDEN GLORY (CHONGQING) ALUMINUM CO LTD
SHANGHAI SC-TECH M&E CO LTD
JOHNSON CAMBERRA LTD
JE FULFILMENT (SHENZHEN) LTD
JE FULFILMENT TRADING (SHANGHAI) LTD
PAYMENT RATING : 5 OBTAINED SCORES :
30
|
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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established nine (9) months ago no
financials have been lodged.
SC was established in 2007, and its credit has not been established yet.
Credit dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3399 Primary
metal products,
Trading 9100 Scrap and
waste
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7112 Waste &
scrap of prec metal or metal clad with precious metal
Trading 8100 Base
metals; cermets; articles etc.
Trading 8300 Miscellaneous
articles of base metal
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Importing from Asia
Importing from China
Importing from Europe
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%)