MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
FULL RICH
MARINE PRODUCTS LTD. |
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Registered Office : |
Room 502, 5/F., Finance Building, 256 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.04.2007 |
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Com. Reg. No.: |
37896181 |
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Legal Form : |
Private Limited Liability Company |
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
FULL
RICH MARINE PRODUCTS
LTD.
ADDRESS
Registered Office:-
c/o J L
Secretarial Services Ltd.
Room 502, 5/F., Finance
Building, 256 Des Voeux Road Central, Hong Kong.
[Tel: 2544
2921; Fax: 2544 1450]
Affiliated Company:-
Ocean Treasure
Trading Ltd., Hong Kong. [Dissolved]
BUSINESS REGISTRATION NUMBER
37896181
COMPANY FILE NUMBER
1127854
DATE OF INCORPORATION
27th April, 2007.
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 27-04-2008)
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Name |
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No. of shares |
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HE Wen Jin |
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8,000 |
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LAN Yu Qi |
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2,000 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 27-04-2008)
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Name (Nationality) |
Address |
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LAN Yu Qi |
Room 1601, Building T25, Meilin Hupan Garden,
No. 306 Taoyuan Middle Road, Tianhe, Guangzhou 510660, Guangdong Province,
China. |
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HE Wen Jin |
Room 402, No. 10 Main House, 506 Zhongshan
Main Road East, Guangzhou City, Guangdong Province, China. |
SECRETARY
(As per registry dated 27-04-2008)
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Name |
Address |
Co. No. |
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J L
Secretarial Services Ltd. |
Room 502, 5/F., Finance Building, 256 Des Voeux Road Central,
Hong Kong. |
245706 |
GENERAL
Full Rich Marine Products
Ltd. was incorporated on 27th April, 2007 as a private limited liability
company under the Hong Kong Companies Ordinance.
The subject does
not have its own operating office. Its
registered office is in a commercial service firm located at Room 502, 5/F.,
Finance Building, 256 Des Voeux Road Central, Hong Kong known as J L
Secretarial Services Ltd. [JLSS] which is handling its correspondences and
documents. JLSS is also the corporate
secretary of the subject.
The subject has no
employees in Hong Kong.
According to the
Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares
of HK$1.00 each of which 80% are owned by Mr. He Wen Jin while 20% are owned by
Mr. Lan Yu Qi. He and Lan are also directors
of the subject. Being China passport
holders and China merchants, both of them are residing in Guangzhou, China
currently.
The subject is an
aquatic product trader. Aquatic
products are imported from India, Southeast Asia, etc. Prime market is China.
He and Lan cannot
be reached since they are in Guangzhou, Guangdong, China.
Formerly, Mr. Lan
Yu Qi was a shareholder of Ocean Treasure Trading Ltd. [Ocean Treasure] which
was incorporated on 23rd August, 2002 in Hong Kong. Also trading in aquatic products, Ocean
Treasure was 10% owned by Lan. However,
this firm was dissolved on 19th January, 2007 by deregistration.
Since the subject
does not have its own operating office and has no employees in Hong Kong,
consider it good for business engagements on L/C basis.
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.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)