MIRA INFORM REPORT

 

 

Report Date :           

06.04.2011

 

IDENTIFICATION DETAILS

 

Name :

COWIN  (HONG  KONG)  LTD

 

 

Registered Office :

c/o North Asia Corporate Services Ltd., Suite 1001-1002 & 1005, 10/F., Albion Plaza, 2-6 Granville Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

30.11.2005

 

 

Com. Reg. No.:

36288666

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

----

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Operating Office in Hong Kong

Payment Behaviour :

----

Litigation :

----

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

COWIN  (HONG  KONG)  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o North Asia Corporate Services Ltd.

Suite 1001-1002 & 1005, 10/F., Albion Plaza, 2-6 Granville Road, Tsimshatsui, Kowloon, Hong Kong.

[Tel: 2724 1223;  Fax: 2722 4373]

 

 

BUSINESS REGISTRATION NUMBER

 

36288666

 

 

COMPANY FILE NUMBER 

 

1011024

 

 

DATE OF INCORPORATION 

 

30th November, 2005.

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$20.00

 

 

SHAREHOLDERS

(As per registry dated 30-11-2010)

 

Name

 

No. of shares

BAO Jian Hua

 

9

WANG Wei

 

6

CHEN Jian

 

3

GE Xiu Nan

 

2

 

 

––

 

Total:

20

==

 

 

DIRECTORS  

(As per registry dated 30-11-2010)

 

Name

(Nationality)

 

Address

CHEN Jian

No. 9, Wen Yi Road, Gongshu District, Hangzhou, Zhejiang, China.

 

GE Xiu Nan

No. 11, Group 8, Qing Nian Road, Chengguan Town, Huangyan District, Taizhou, Zhejiang, China.

 

WANG Wei

Shan Ting Community, Dong Cheng Street, Huangyan District, Taizhou, Zhejiang, China.

 

BAO Jian Hua

Shuang Nan Village, Toutuo Town, Huangyan District, Taizhou, Zhejiang, China.

 

 

SECRETARY:   

(As per registry dated 30-11-2010)

Name

Address

Co. No.

Larich Ltd.

Suite 1001-1002, 10/F., Albion Plaza, 2-6 Granville Road, Tsimshatsui, Kowloon, Hong Kong.

0437591

 

 

GENERAL

 

Cowin (Hong Kong) Ltd. was incorporated on 30th November, 2005 as a private limited liability company under the Hong Kong Companies Ordinance.

Having issued 20 ordinary shares of HK$1.00 each, the subject is jointly owned by four China merchants, namely, Mr. Bao Jian Hua, holding 45% interests; Mr. Wang Wei, holding 30%; Mr. Chen Jian, 15%; and Mr. Ge Xiu Nan, 10%.  The shareholders of the subject are also directors of the subject.  Currently, all the directors are residing in Zhejiang Province, China.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Suite 1001-1002 & 1005, 10/F., Albion Plaza, 2-6 Granville Road, Tsimshatsui, Kowloon, Hong Kong known as North Asia Corporate Services Ltd. which is handling its correspondences and documents.  The associated company of North Asia Corporate Services Ltd. Larich Ltd. is the corporate secretary of the subject.  Larich Ltd. is also located at the above-mentioned address.  The subject has no employees in Hong Kong.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.  The directors of the subject cannot be reached as they are in China.

It is likely that the subject has got an associated company in Zhejiang Province, China which is operated by the subject’s shareholders, however, details are unknown.

It is likely that the China firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  The China firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

 

COURT CASES:            None per our.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.45

UK Pound

1

Rs.71.59

Euro

1

Rs.63.01

 

 

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

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

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.
 
 

 

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