MIRA INFORM
REPORT
|
Report Date : |
12.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
HOP HING
SPICE CO. LTD. |
|
|
|
|
Registered Office : |
G/F., Wo Fu Building, 159 Queen’s Road West |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.12.2000 |
|
|
|
|
Com. Reg. No.: |
31434535 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of all kinds of spices |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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
HOP HING SPICE
CO. LTD.
Company ADDRESS
G/F., Wo Fu Building, 159 Queen’s Road West, Hong Kong.
PHONE: 2548 2204, 2548 3500
FAX: 2180 6179, 2559 5661
MANAGEMENT
Managing Director: Mr. Kwok Hon Chung
SUMMARY
Incorporated on: 1st December, 2000.
Organization: Private Limited Company.
Capital: Nominal: HK$6,000,000.00
Issued: HK$6,000,000.00
Business Category: Spice Trader.
Employees: 8. (Including subsidiary)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
G/F., Wo Fu Building, 159 Queen’s Road West, Hong Kong.
Subsidiaries:- (Same BR No.)
· Hop Hing Trading Company, Hong Kong. (Same address)
· Tai Tung Enterprise Company
· Flat A3, 12/F., Tsing Yi Industrial Centre, 1-33 Cheung Tat Road, Tsing Yi, New Territories, Hong Kong.
[Tel: 2432 7192; Fax: 2432 7708]
[Established on 10th March, 2007 bearing BR No. 31434535-004-12]
BUSINESS REGISTRATION NUMBER
31434535
COMPANY FILE NUMBER
0739643
MANAGEMENT
Managing Director: Mr. Kwok Hon Chung
CAPITAL
Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
SHAREHOLDERS
(As per registry
dated 01-12-2010)
|
Name |
|
No. of shares |
|
KWOK Hon Chung |
|
3,000,000 |
|
WONG Siu Chun |
|
3,000,000 |
|
|
|
–––––––– |
|
|
Total: |
6,000,000 ======= |
DIRECTORS
(As per registry
dated 01-12-2010)
|
Name (Nationality) |
Address |
|
KWOK Hon Chung |
Flat G, 12/F., Block 22, Park Island, 8 Pak Lai Road, Ma Wan, Tsing Yi, New Territories, Hong Kong. |
|
WONG Siu Chun |
Flat G, 12/F., Block 22, Park Island, 8 Pak Lai Road, Ma Wan, Tsing Yi, New Territories, Hong Kong. |
SECRETARY
KWOK Hon
Chung (As per registry dated 01-12-2010)
HISTORY
The subject was incorporated on 1st December, 2000 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Hop Hing Spice Trading Co. Ltd., name changed to the present style on 27th January, 2010.
Formerly the subject was located at G/F., Hua Chang Commercial Building, 123E-F Queen’s Road West, Hong Kong, moved to the present address in January 2008.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of spices.
Employees: 8. (Including subsidiary)
Commodities Imported: Imported from China, India, Southeast Asia, etc. and procured locally.
Markets: Hong Kong, China, Asia, Western Europe, Canada and South America.
Terms/Sales: COD or as per contracted.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a steady manner.
Facilities: Making active use of general banking facilities.
Payment: So far so good.
Commercial Morality: Satisfactory.
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Normal.
GENERAL
Having issued 6 million ordinary shares of HK$1.00 each, Hop Hing Spice Co. Ltd. is equally owned by Mr. Kwok Hon Chung and Ms. Wong Siu Chun. Seemed to be a couple, Kwok and Wong are also directors of the subject.
The subject has had a subsidiary company Hop Hing Trading Company [Hop Hing] located at its operating address. It also has had another subsidiary Tai Tung Enterprise Company [Tai Tung] located at a different address.
Hop Hing was established on 1st November, 1964. Hop Hing is principally engaged in importing, wholesaling, retailing and re-export of a variety of spices and flavourings. Having established over 45 years in Hong Kong, Hop Hing is an old firm in the line of business. Products are mainly imported from China, India and Southeast Asia. Prime markets are Hong Kong, other Asian countries and Western and Northern Europe. Regular suppliers and customers have been maintained. Operation is steady and active.
Hop Hing has registered with the Hong Kong SAR Government as an importer of cereals and grains products, herbs and spices, fats and oils, condiments and sauces.
Tai Tung is responsible for spice and flavouring processing with production facilities in Tsing Yi, New Territories, Hong Kong.
The subject, Hop Hing and Tai Tung are managed by Kwok Hon Chung himself. All are bearing the same business registration number.
As the history of the subject is over ten years and eight months in Hong Kong, on the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.27 |
|
UK Pound |
1 |
Rs.73.34 |
|
Euro |
1 |
Rs.64.58 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.