MIRA INFORM
REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
HEAD SUN TRADING LTD. |
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Registered Office : |
Unit B, 11/F., |
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Country : |
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Date of Incorporation : |
28.05.1991 |
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Com. Reg. No.: |
14807026 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Shoe Manufacturing Machinery and Equipment Trader. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Dissolved |
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Payment
Behaviour : |
--- |
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Litigation : |
--- |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name
HEAD
SUN TRADING LTD.
Company ADDRESS
Registered
Office:- Unit B, 11/F.,
Note: Your given address “Unit B, 19/F., Yun Kei Commercial
Building, 680-682 Shanghai Street, Kowloon, Hong Kong” belongs to a firm also
known as “Head Sun Trading Ltd.” which has not registered with the Companies
Registry of Hong Kong. Refer to
“Remarks” of this report.
BUSINESS REGISTRATION NUMBER
14807026
COMPANY FILE NUMBER
0311830
DATE OF INCORPORATION
28th May, 1991.
CAPITAL
Nominal Share Capital : HK$600,000.00 (Divided into 600,000 shares of HK$1.00 each)
Issued Share Capital : HK$600,000.00
SHAREHOLDERS
(As per registry dated 28-05-1999)
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Name |
Occupation |
No. of shares |
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TU Yen Chuan |
Merchant |
132,000 |
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HSIEH Chin Tse |
Merchant |
117,000 |
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HUANG I Tang |
Merchant |
117,000 |
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WANG Long Hsiang |
Merchant |
117,000 |
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YEN Hwa Chou |
Merchant |
117,000 |
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––––––– |
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Total: |
600,000 ====== |
DIRECTORS
(As per registry dated 15-06-1999)
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Name (Nationality) |
Address |
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TANG Sau Mui (Chinese) |
Unit
B, 11/F., |
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YEUNG Joi Ping (Chinese) |
Unit
B, 11/F., |
SECRETARY
(As per registry dated 28-05-1999)
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Name |
Address |
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Offshore
Nominee & Secretarial Ltd. |
Unit B, 11/F., |
668496 |
GENERAL
Please
be advised that Head Sun Trading Ltd. was a private limited company which has been
struck off the Hong Kong Companies Registry.
It was formally struck off on 20th May, 2005, the date of the
publication of Gazette Notice No. 2333.
The subject has been accordingly dissolved by striking off since the
date of the publication of the notice.
According
to the Companies Registry of Hong Kong, the subject was incorporated on 28th
May, 1991 as a private limited liability company under the Hong Kong Companies
Ordinance.
Before
dissolved, the subject was located at Unit B, 11/F.,
According
to the Companies Registry of Hong Kong, the subject had issued 600,000 ordinary
shares of HK$1.00 each of which 22% was held by Mr. Tu Yen Chuan, the balance
78% was equally held by Mr. Hsieh Chin Tse, Mr. Huang I Tang, Mr. Wang
Long Hsiang and Mr. Yen Hwa Chou. All
the shareholders are Taiwanese.
Directors of the subject were Ms. Tang Sau Mui and Ms. Yeung Joi
Ping. Both were
The
contact person of the subject was Mr. Shi Weiren.
The
subject was a shoe manufacturing machinery and equipment trader.
Although
the subject has been dissolved by striking off, it keeps on doing business with
foreign parties under the name of Head Sun Trading Ltd. Please refer to “Remarks” in the following.
Since
the subject has been dissolved by striking off, on the whole, consider it not
suitable for any business engagements.
REMARKS
To
our knowledge, there is another firm also known as Head Sun Trading Ltd. [Head
Sun] which has not registered with the Companies Registry of Hong Kong. Head Sun is considered the same firm which
has been dissolved by striking off on 20 May, 2005. Please refer to the following details:-
Name : Head Sun Trading Ltd. [Head Sun]
Address :Unit B, 19/F.,
[Tel: 2789 2168; Fax: 2789 2598]
Affiliated/Associated Companies:
·
Head Sun Machinery (
·
Head Sun Machinery (Shenzhen) Co. Ltd.,
·
Sysco Machinery (
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Sysco Machinery Corporation,
General
Head Sun has not
registered with the Companies Registry of Hong Kong. It has got three affiliated (or associated) companies
in China while two in Shanghai and one in Shenzhen Special Economic Zone.
Head Sun seems to
be an associated company of Sysco Machinery Corporation [Sysco] which is a
Taiwan-based firm. The Chairman of Sysco
is Mr. Chan-Kun Yen who is a Taiwanese.
Head Sun is
engaged in the same lines of business as Sysco.
Currently Sysco is trading in hydraulic cutting machines and systems,
shoe making machines, credit card manufacturing equipment and machinery, etc. All the products bear the brand name of “Sysco”
and “Head Sun”.
Head Sun also has
had less than five customers in the
The contact person
of Head Sun in
On the whole,
since Head Sun has not registered with the Companies Registry of Hong Kong,
consider it not suitable for any business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.37 |
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1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.68 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Company |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.