MIRA INFORM REPORT

 

 

Report Date :           

28.04.2011

 

IDENTIFICATION DETAILS

 

Name :

LPR  TRADING  CO.  LTD.

 

 

Registered Office :

c/o OCRA (Hong Kong) Ltd., Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.03.2007

 

 

Com. Reg. No.:

37739252

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

-----

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating Office

 

 

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

 

LPR  TRADING  CO.  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o OCRA (Hong Kong) Ltd.

Room 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong.

[Tel: 2522 0172;  Fax: 2522 4720]

 

Associated Company:-

Lourival Piaz Representacoes Ltda.

Rua Pedro Celestino de Araujo 33, Brazil.

[Tel:      55-47-3326 8277

Fax:      55-47-3037 1305

E-mail:  pr.import@terra.com.br ]

 

 

BUSINESS REGISTRATION NUMBER

 

37739252

 

 

COMPANY FILE NUMBER

 

1116659

 

 

DATE OF INCORPORATION

 

20th March, 2007.

 

 

CAPITAL

 

Nominal Share Capital: HK$1.000.00 (Divided into 1,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

SHAREHOLDERS

(As per registry dated 20-03-2010)

 

Name

 

No. of shares

Felipe BITTENCOURT

 

40

Lourival PIAZ

 

60

 

 

–––

 

Total:

100

===

 

 

DIRECTORS

(As per registry dated 01-03-2011)

 

Name

(Nationality)

 

Address

Lourival PIAZ

Rua Lauro Mueller 527, Apt. 801, 89010-380 Blumenau, Santa Catarina, Brazil.

 

Felipe BITTENCOURT

Rua Pedro Celestino de Araujo 77, apto 902, Jardim Blumenau, Blumenau 89010-385, Santa Catarina, Brazil.

 

 

SECRETARY 

(As per registry dated 20-03-2010)

 

Name

Address

Co. No.

First Secretaries Asia Ltd.

Room 3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong.

0316976

 

 

GENERAL

 

LPR Trading Co. Ltd. was incorporated on 20th March, 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 3905-3908, 39/F., Two Exchange Square, 8 Connaught Place, Central, Hong Kong known as OCRA (Hong Kong) Ltd. which is handling its correspondences and documents.  The associated company of OCRA (Hong Kong) Ltd., First Secretaries Asia Ltd., is 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 100 ordinary shares of HK$1.00 each of which 40% are owned by Mr. Felipe Bittencourt, and 40% are owned by Mr. Lourival Piaz.  Both of whom are Brazil passport holders and currently residing in Santa Catarina, Brazil.  The two shareholders are also directors of the subject.

It is likely that the subject is a yarn trader.  It is trading in all kinds of yarns which are chiefly sourced from China and other Asian countries.  Prime market is Brazil.

The subject has had an associated company Lourival Piaz Representacoes Ltda. [LPRL] in Brazil.  This firm is a yarn (including chemical fibres such as polyester yarn) trader.  LPRL is operated by the shareholders of the subject.

It is likely that LPRL deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  LPRL 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 active.  History in Hong Kong is over four years.

Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, 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.44.40

UK Pound

1

Rs.73.26

Euro

1

Rs.65.17

 

 

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

----

NB

New Business

----

 

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%)

 

 

 

 

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