MIRA INFORM REPORT

 

 

 

 

Report Date :           

12.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SHEEN  CHIEF  INTERNATIONAL  LTD.

 

 

Registered Office :

c/o HongKong Huasheng Registrations Ltd., Room 1701, 17/F., Henan Building, No. 90, Jaffe Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.08.2006

 

 

Com. Reg. No.:

37251064

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of mobile phones, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

No Operating Office in Hong Kong

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

SHEEN  CHIEF  INTERNATIONAL  LTD.

 

 

Company ADDRESS

 

c/o Hongkong Huasheng Registrations Ltd.

Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong.

PHONE:            3115 8800

FAX:                 3115 8801

 

 

MANAGEMENT

 

Managing Director:  Mr. Fu Jing

 

 

SUMMARY

 

Incorporated on:             17th August, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Hongkong Huasheng Registrations Ltd.

Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong.

 

Affiliated Companies:-

·         DoDo Communication Technology International Ltd.

·         Shenzhen O-Nine Communication International Ltd.

·         Block 2, 2/F., North Wing, Vision Business Park, Nanshan District, 518000 Shenzhen SEZ, China.

[Tel: 86-755-2671 6718;  Fax: 86-755-2671 6511]

 

 

BUSINESS REGISTRATION NUMBER

 

37251064

 

 

COMPANY FILE NUMBER

 

1067891

 

 

MANAGEMENT

 

Managing Director:  Mr. Fu Jing

 

 

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 17-08-2011)

 

Name

 

No. of shares

FU Hongli

 

10,000

=====

DIRECTOR    

(As per registry dated 17-08-2011)

 

Name

(Nationality)

 

Address

FU Jing

Room 806, Jun Hao Ge, Dong Fang Hao Yuan, Xiacheng District, Hangzhou, Zhejiang Province, China.

 

 

SECRETARY

(As per registry dated 17-08-2011)

 

Name

Address

Co. No.

Hongkong Huasheng Registrations Ltd.

Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong.

1268633

 

 

HISTORY

 

The subject was incorporated on 17th August, 2006 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 mobile phones, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, Europe, etc.

 

Markets:                       China, Japan, other Asian countries, Europe, North America, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

FINANCIAL INFORMATION

 

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

 

Issued Share Capital:     HK$10,000.00

 

Profit or Loss:                Keeping a balance account in Hong Kong.

 

Condition:                      Business is not active in Hong Kong.

 

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., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Sheen Chief International Ltd. was incorporated on 17th August, 2006 as a private limited liability company.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong known as Hongkong Huasheng Registrations Ltd. which is handling its correspondences and documents.  This firm is also 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 10,000 ordinary share of HK$1.00 which are owned by Mr. Fu Hongli who is a China merchant.  Formerly the shares held by Fu Hongli were held by Mr. Fu Jing.  Fu Jing transferred all his shares to Fu Hongli on 21st June, 2011.  The two Fus seemed belong to the same family.  Fu Jing is the only director of the subject.  Currently the two Fus are residing in Zhejiang Province, China.

The subject is a mobile phone trader.  It has had an affiliated company DoDo Communication Technology International Ltd. [DoDo] which is in Shenzhen Special Economic Zone, China.  Your given phone number 86-755-2671 6718 belongs to this firm.  DoDo has claimed to be a leading global provider of mobile phones.  It is an associated company of Zhejiang Game & Leisure Communication Technology Co. Ltd. [ZGLCT] which is a China-based firm.

Established in 2001, ZGLCT owns the well-known brand G & L which is for the domestic market while its “DoDo” brand, is focusing on overseas market.

DoDo continues to be a competitive mobile phone provider and a reliable partner of its customers.  It is now establishing marketing channels throughout the world.  Its products are exported to Japan, other Asian countries, Europe, North America, etc.  Business is normal.

Another firm Shenzhen O-Nine Communication International Ltd. [Shenzhen O-Nine] is also located at the operating address of DoDo.  Shenzhen O-Nine is also a mobile phone manufacturer and trader.  This firm is trading in “O-Nine” brand mobile phones.

The subject is trading in the products of DoDo and Shenzhen O-Nine.

It is likely that DoDo and Shenzhen O-Nine deal 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 firms also export 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 five years and three months.

On the whole, 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.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.81.55

Euro

1

Rs.69.60

 

 

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%)

 

 

 

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.