MIRA INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
USA QIAOYI INDUSTRY
LTD. |
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Registered Office : |
c/o Success
Corporate Services Ltd., Unit 1205, 12/F., Sino Plaza, 255 Gloucester Road, Causeway
Bay |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.07.2007 |
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Com. Reg. No.: |
38135689 |
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Legal Form : |
Private Limited Liability |
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Line of Business : |
Manufacturer and Exporter of Stationery. |
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
USA
QIAOYI INDUSTRY LTD.
Address
c/o Success
Corporate Services Ltd.
Unit 1205, 12/F., Sino
Plaza,
255 Gloucester
Road,
Causeway Bay, Hong
Kong.
(Your enquiry
given as:
USA QIAYI INDUSTRY
LTD
of the same
address.)
ADDRESS
Registered Office:-
c/o Success
Corporate Services Ltd.
Unit 1205, 12/F., Sino
Plaza, 255 Gloucester Road, Causeway Bay, Hong Kong.
Affiliated Company:-
Jinhua Qiaoyi
Stationery Co. Ltd.
No. 5 Building,
Shenzhou Chuangye Area, Jinsanjiao Development Area, Jinhua City, Zhejiang,
China.
[ Tel 86-579-8297
7985
Fax: 86-579-8297 7996
E-mail: office@qiaoyi.com]
BUSINESS REGISTRATION NUMBER
38135689
COMPANY FILE NUMBER
1146973
DATE OF INCORPORATION
5th July, 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
SHAREHOLDER: (As
per registry dated 05-07-2008)
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Name |
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No. of shares |
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WANG Zhang Da |
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10,000 ===== |
DIRECTOR: (As
per registry dated 05-07-2008)
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Name (Nationality) |
Address |
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WANG Zhang Da |
No. 4, Building 54, Yi Jia Shan, Choucheng
Street, Yiwu, Zhejiang, China. |
SECRETARY: (As
per registry dated 05-07-2008)
|
Name |
Address |
Co. No. |
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Success
Corporate Services Ltd. |
27/F., Hopewell Centre, 183 Queen’s Road East, Hong Kong. |
618863 |
GENERAL
USA Qiaoyi
Industry Ltd. was incorporated on 5th July, 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 Unit 1205, 12/F., Sino Plaza,
255 Gloucester Road, Causeway Bay, Hong Kong known as Success Corporate
Services Ltd. which is handling its correspondences and documents. Success Corporate Services Ltd. is also the
corporate secretary of the subject.
Success Corporate
Services Ltd. has set up a number of branch offices located at different
districts of Hong Kong.
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 which are wholly-owned by Mr. Wang Zhang Da, a China
merchant residing in Yiwu, Zhejiang Province, China.
Your given phone
number 86-579-8297 7985 is the phone number of the subject’s affiliate in China
known as Jinhua Qiaoyi Stationery Co. Ltd. [Jinhua Qiaoyi].
Located in Jinhua
City, Zhejiang, China, Jinhua Qiaoyi was established in 1995. It is a professional manufacturer and
exporter of stationery. Having a total
area of 20,000 sq.m. and 280 workers, Jinhua Qiaoyi has a US$6 million export
sales turnover and RMB20 million in domestic sales annually.
Jinhua Qiaoyi
produces modelling clay, playing dough, lightweight clay, foam putty, paper
clay, stone clay, paint, models, etc.
In addition, Jinhua Qiaoyi can also make the products based on its
customers’ specifications. Its products
are in conformity with EN-71, CE, MSDS, ASTMD-4236 standards. Products have been exported to Europe,
America, the Middle East, Japan, South Korea, etc. Business is rather active.
Jinhua Qiaoyi
sometimes imports raw materials and exports its products under the name of the
subject.
Mr. Wang Zhang Da
seems to be a key person of Jinhua Qiaoyi.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)