MIRA INFORM
REPORT
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Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
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Name : |
NEWSHANGHAI
INTERNATIONAL LTD. |
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Registered Office : |
c/o North Asia Corporate Services Ltd., Suite 1001-1002 & 1005, 10/F., Albion Plaza, 2-6 Granville Road, Tsimshatsui, Kowloon |
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Country : |
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Date of Incorporation : |
17.09.2008 |
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Com. Reg. No.: |
39799870 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of chemicals |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
Regular |
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Litigation : |
Clear |
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
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
NEWSHANGHAI INTERNATIONAL LTD.
Company ADDRESS
c/o
PHONE: 2724 1223
FAX: 2722 4373
MANAGEMENT
Managing Director: Mr. Bao Fenglei
SUMMARY
Incorporated on: 17th September, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o
Associated Company:-
Shanghai Timepower International Trading Co. Ltd.,
BUSINESS REGISTRATION NUMBER
39799870
COMPANY FILE NUMBER
1273492
MANAGEMENT
Managing Director: Mr. Bao Fenglei
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry dated 17-09-2010)
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Name |
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No. of share |
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BAO Fenglei |
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1 = |
DIRECTOR
(As per registry dated 17-09-2010)
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Name (Nationality) |
Address |
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BAO Fenglei |
Room 201, |
SECRETARY
(As per registry dated 17-09-2010)
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Name |
Address |
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Larich Ltd. |
Suite 1001-1002, 10/F., |
0437591 |
HISTORY
The subject was incorporated on 17th September, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of chemicals.
Employees: Nil.
Commodities Imported:
Markets:
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Profit or Loss: Keeping
a balance account in
Condition: Business
is not active in
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Newshanghai
International Ltd. is wholly-owned by Mr. Bao Fenglei who is a
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. As
associated company of North Asia Corporate Services Ltd. Larch Ltd. is the
corporate secretary of the subject.
Larch Ltd. is also located at the above-mentioned address. The subject has no employees in
To
our knowledge, the subject is trading in chemicals. It has had an associated company in
It
is likely that Timepower deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in
The
subject’s business in
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 |
|
US Dollar |
1 |
Rs.44.22 |
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|
1 |
Rs.72.25 |
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Euro |
1 |
Rs.63.09 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.