MIRA
INFORM REPORT
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Report Date : |
22.11.2008 |
IDENTIFICATION DETAILS
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Name : |
LC MAXER INTERNATIONAL H.K. LTD. |
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Registered Office : |
Unit 503, 5/F., |
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Country : |
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Date of Incorporation : |
08.04. 2005. |
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Com. Reg. No.: |
35496903 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading in Chemical Products for Leather Finishing. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
LC
MAXER INTERNATIONAL H.K.
LTD.
ADDRESS
Registered Office:-
c/o Success Corporate Services Ltd.
Unit
503, 5/F.,
BUSINESS REGISTRATION NUMBER
35496903
COMPANY FILE NUMBER
961880
DATE OF INCORPORATION
8th April, 2005.
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 08-04-2008)
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Name |
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No. of shares |
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Andre Schtscherbyna |
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4,000 |
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Marcio Wienandts |
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4,000 |
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Langro-Chemie Theo Lang GmbH Strohgaeustrasse 14, D-70435 Stuttgart, Germany. |
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2,000 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 08-04-2008)
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Name (Nationality) |
Address |
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Andre Schtscherbyna |
5C, No. 8, Die Cui Hao Ting, Hua Yuan Road, New World Garden, Dongguan City, Guangdong, China. |
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Marcio Wienandts |
5C, No. 8, Die Cui Hao Ting, Hua Yuan Road, New World Garden, Dongguan City, Guangdong, China. |
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Langro-Chemie Theo Lang GmbH |
Strohgaeustrasse 14, D-70435 |
SECRETARY
(As per registry dated 08-04-2008)
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Name |
Address |
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Success Corporate Services Ltd. |
27/F., Hopewell Centre, 183 Queen’s Road East, |
618863 |
GENERAL
LC Maxer International H.K. Ltd. was incorporated on 8th April, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Maxer International H.K. Ltd., name changed to the present style on 7th May, 2005.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit
503, 5/F., Silvercord Tower 2,
The
subject has no employees in
According
to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary
shares of HK$1.00 each of which 40% are owned by Mr. Andre Schtscherbyna,
another 40% are owned by Mr. Marcio Wienandts, and 20% are owned by a
Germany-based firm Langro-Chemie Theo Lang GmbH. The former two are
It
seems that the subject has got a main office in
The subject is a member of the Langro-Chemie Group, a Germany-based firm, which is trading in chemical products for leather finishing.
Langro-Chemie is a family-run company and producing chemical products for leather finishing. As a leading provider of leather chemicals and application systems, Langro-Chemie is working in the leather upholstery, garment and automotive industries as well as in the equestrian and the baggage sector. Langro-Chemie’s history is over 75 years. It has got ISO 9001:2000 certification.
In
2008, more than 50 persons work on the site in
The
subject is trading in the same products as Langro-Chemie. Prime market is
Currently, the business of the Dongguan office is administered by Mr. Andre Schtscherbyna and Mr. Marcio Wienandts.
The subject is fully supported by Langro-Chemie.
On
the whole, since the subject does not have its own operating office and has no
employees in
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)