MIRA INFORM REPORT

 

 

Report Date :           

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

SUNGLOBAL INDUSTRIES AND  TRADES  CO.  LTD.

 

 

Registered Office :

c/o Multi-Chain Ltd., Room 301, 3/F., Kam On Building, 176A Queen’s Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

05.06.2006

 

 

Com. Reg. No.:

36838914

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of advertising materials, 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

 

SUNGLOBAL  INDUSTRIES  AND  TRADES  CO.  LTD.

 

 

Company ADDRESS

 

c/o Multi-Chain Ltd.

Room 301, 3/F., Kam On Building, 176A Queen’s Road Central, Hong Kong.

PHONE:            2543 0585

FAX:                 2854 3813

 

 

MANAGEMENT

 

Managing Director:  Mr. Aditya Surendra Bedre

 

 

SUMMARY

 

Incorporated on:             5th June, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$500,000.00

Issued:              HK$50,000.00

 

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 Multi-Chain Ltd.

Room 301, 3/F., Kam On Building, 176A Queen’s Road Central, Hong Kong.

 

China Office:-

Hangzhou Sunglobal Industries And Trades Co. Ltd.

Room 2701, Jiahui Building, 2 Chaohui Road, 179, 310014 Hangzhou City, Zhejiang Province, China.

[Tel:      86-571-8586 1466, 8586 1455

Fax:      86-571-8586 1422

E-mail:  sunglobal@sunglobal.asia ]

 

 

BUSINESS REGISTRATION NUMBEr

 

36838914

 

 

COMPANY FILE NUMBER

 

1049824

 

 

MANAGEMENT

 

Managing Director:  Mr. Aditya Surendra Bedre

 

 

CAPITAL

 

Nominal Share Capital:   HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$50,000.00

 

 

SHAREHOLDER

(As per registry dated 05-06-2011)

 

Name

 

No. of shares

Aditya Surendra BEDRE

 

50,000

=====

 

DIRECTOR

(As per registry dated 05-06-2011)

 

Name

(Nationality)

 

Address

Aditya Surendra BEDRE

23G, Qiu Yue Yuan, Zhong Shan Garden, Hangzhou, Zhejiang Province, China.

 

 

SECRETARY 

(As per registry dated 05-06-2011)

 

Name

Address

Co. No.

Multi-Chain Ltd.

Room 301, 3/F., Kam On Building, 176A Queen’s Road Central, Hong Kong.

0209214

 

 

HISTORY

 

The subject was incorporated on 5th June, 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 advertising materials, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       India, other Asian countries, etc.

 

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

 

Terms/Buying:               Various Terms.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$50,000.00

 

Mortgage or Charge:-

 

Date of Lien and Set-off Agreement:  26-02-2010

Amount:            For securing general credit facility

Property:           Deposit No.:      DFN9121380
Amount:            US$130,000.00
Maturity Date:    19-03-2010

Mortgagee:        HBZ Finance Ltd., Hong Kong.

 

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.

 

Bankers:-

·         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

·         HBZ Finance Ltd., Hong Kong.

 

Standing:  Small.

 

 

GENERAL

 

Having issued 50,000 ordinary shares of HK$1.00 each, Sunglobal Industries And Trades Co. Ltd. is jointly owned by Mr. Aditya Surendra Bedre who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Currently residing in Hangzhou City, Zhejiang Province, China, Bedre is also the only director of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 301, 3/F., Kam On Building, 176A Queen’s Road Central, Hong Kong known as Multi-Chain Ltd. which is handling its correspondences and documents.  Multi-Chain Ltd. is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

To our knowledge, the subject has got a main office in Hangzhou City, Zhejiang Province, China known as Hangzhou Sunglobal Industries And Trades Co. Ltd. [Hangzhou Sunglobal] which is also operated by Bedre.  However, Bedre cannot be reached as he is in China.  Hangzhou Sunglobal is a buying office.

The subject and Hangzhou Sunglobal are trading in the following commodities: apparel and accessories, construction and decoration materials, manufacturing and processing machinery, textiles, tools and hardware, toys, etc.  Most of the commodities are sourced from China.  Prime markets are India, other Asian countries, Europe, etc.

Hangzhou Sunglobal’s core products carried are advertising materials and substrates such as banner flex/PVC foam sheets/reflective sheets/PP films with W/O adhesive, displays, light boxes, ink jet printers, plotter, digital printing ink, etc.

It is likely that Hangzhou Sunglobal 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.  History in Hong Kong is over five years and six months.

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.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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.