MIRA INFORM REPORT

 

 

Report Date :           

19.12.2011

 

IDENTIFICATION DETAILS

 

Name :

JUST  IN  TIME  CORPORATION  LTD.

 

 

Registered Office :

Flat A, 19/F., Chiu Hin Mansion, 94-102 Johnston Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

21.01.2009

 

 

Com. Reg. No.:

50227329

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Undetermined

Payment Behaviour :

Unknown

Litigation :

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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

 

JUST  IN  TIME  CORPORATION  LTD.

 

 

company ADDRESS

 

Registered Head Office:-

Flat A, 19/F., Chiu Hin Mansion, 94-102 Johnston Road, Wanchai, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

50227329

 

 

COMPANY FILE NUMBER

 

1302627

 

 

DATE OF INCORPORATION

 

21st January, 2009.

 

 

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

 

SHAREHOLDERS

(As per registry dated 21-01-2011)

 

Name

Occupation

No. of shares

MIN Chan Ki

Merchant

5,000

KIM Yong Hwan

Merchant

5,000

 

 

––––––

 

Total:

10,000

======

 

 

DIRECTORS

(As per registry dated 21-01-2011)

 

Name

(Nationality)

 

Address

MIN Chan Ki

1404-121, 979-1, Dang-Dong Gun-Po City, Kyung-Ki Do, Korea.

 

KIM Yong Hwan

Room 2219-2220, Block West, Qiushi Building, Shennan Road, Zhuzilin, Futian District, Shenzhen City, China.

 

 

SECRETARY

(As per registry dated 21-01-2011)

 

Name

Address

Co. No.

Key Will Business Advisory Services Ltd.

2/F., Eton Tower, 8 Hysan Avenue, Causeway Bay, Hong Kong.

1448854

 

 

GENERAL

 

Just In Time Corporation Ltd. was incorporated on 21st January, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject’s registered office is in a residential building located at Flat A, 19/F., Chiu Hin Mansion, 94-102 Johnston Road, Wanchai, Hong Kong.  The residential building is not trespassed by outsiders.  The subject moved to this new address in July 2011.

Formerly the subject was located at Room 202, 2/F., Trans Asia Centre, 18 Kin Hong Street, Kwai Chung, New Territories, Hong Kong, moved to the present address with effect from 29th July, 2011.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

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 equally owned by Mr. Min Chan Ki and Mr. Kim Yong Hwan.  Both are Korea-passport holders.

Your given phone number 6115 6694 is a China line.  However, this number does not exist.

Currently, Mr. Min Chan Ki is residing in Korea while Kim Yong Hwan is residing in Shenzhen Special Economic Zone, China.  They are also directors of the subject.

The subject’s lines of business are unknown since the directors of the subject cannot be reached.

It is likely that the subject has got an associated company in Shenzhen Special Economic Zone, China which is operated by Kim Yong Hwan.

It is also likely that the China firm 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 active.  History in Hong Kong is over two years and ten 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.52.81

UK Pound

1

Rs.82.00

Euro

1

Rs.68.81

 

 

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

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NB

New Business

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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.