MIRA INFORM REPORT

 

 

Report Date :           

28.12.2011

 

IDENTIFICATION DETAILS

 

Name :

FURAN  INTERNATIONAL  GROUP  LTD.

 

 

Registered Office :

c/o HK Zhout Int’l Invest Consultant Ltd., Room C1-D, 6/F., Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

14.12.2010

 

 

Com. Reg. No.:

53450331

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

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 :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

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

 

FURAN  INTERNATIONAL  GROUP  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o HK Zhout Int’l Invest Consultant Ltd.

Room C1-D, 6/F., Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.

 

Associated Company:-

Shanghai Fuzaido Import & Export Trading Co. Ltd.

Flat 424, Block C, 103 Nantangbin Road, Luwan District, 200023 Shanghai, China.

[Tel: 86-21-5465 9666]

 

 

Additional Note:

The subject is not located at your given address Bank of America Tower, 12 Harcourt Road, Central, Hong Kong which is incomplete.

 

 

BUSINESS REGISTRATION NUMBER

 

53450331

 

 

COMPANY FILE NUMBER

 

1540105

 

 

DATE OF INCORPORATION

 

14th December, 2010.

 

 

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 14-12-2011)

 

Name

 

No. of shares

CAI Yun

 

10,000

=====

 

 

DIRECTOR    

(As per registry dated 14-12-2011)

 

Name

(Nationality)

 

Address

CAI Yun

Room 201, No. 44, Lane 250, Zhenjin Road, Putuo Village, Shanghai City, China.

 

 

SECRETARY

(As per registry dated 14-12-2011)

 

Name

Address

Co. No.

HK Zhout Int’l Invest Consultant Ltd.

Room C1-D, 6/F., Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong.

1053033

 

 

GENERAL

 

Furan International Group Ltd. was incorporated on 14th December, 2010 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 consultant firm located at Room C1-D, 6/F., Wing Hing Industrial Building, 14 Hing Yip Street, Kwun Tong, Kowloon, Hong Kong known as HK Zhout Int’l Invest Consultant 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 each which are wholly owned by Mr. Cai Yun who is a China ID holder.  He is also the only director of the subject.  Currently Cai is residing in Shanghai, China.  He does not have the right to reside in Hong Kong permanently.

The subject’s lines of business are unknown since the consultant firm declined to divulge any information about it.

The subject has got an associated company in Shanghai known as Shanghai Fuzaido Import & Export Trading Co. Ltd. [Fuzaido].  This firm is also operated by Cai.

It is 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 just over a year.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on credit basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.89

UK Pound

1

Rs.82.71

Euro

1

Rs.69.15

 

 

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.