MIRA
INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG JIA YUAN
TRADE LTD. |
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Registered Office : |
C/o Company Kit Registrations Ltd., Room 9, 6/F., Shun On |
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Country : |
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Date of Incorporation : |
26.03.2009 |
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Com. Reg. No.: |
50472530 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Chemicals, zinc
ingots, other metal raw materials, etc |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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Hong Kong |
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
HONGKONG JIA YUAN
TRADE LTD.
Company ADDRESS
c/o Company Kit Registrations Ltd.,
Room 9, 6/F., Shun On Commercial Building, 112-114 Des Voeux
Road Central, Hong Kong.
PHONE: 2869
1893
FAX: 2869
1896
MANAGEMENT
Managing Director:
Mr. Liu Guanglin
SUMMARY
Incorporated on: 26th
March, 2009.
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: Fairly
satisfactory.
company ADDRESS
Registered
Head Office:-
c/o Company Kit Registrations Ltd.
Room 9, 6/F., Shun On Commercial Building, 112-114 Des Voeux
Road Central, Hong Kong.
Associated
Company:-
Room 106, No. 48 Building, Jinhai, Yongan New Village,
Yuanbao District, Dandong City, Liaoning Province, China.
[Tel: 86-415-2829682;
Fax: 86-415-2806867]
BUSINESS
REGISTRATION NUMBER:
50472530
COMPANY
FILE NUMBER: 1326022
MANAGEMENT:
Managing Director:
Mr. Liu Guanglin
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 26-03-2010)
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Name |
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No. of shares |
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LIU Guanglin |
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10,000 ===== |
DIRECTOR
(As
per registry dated 26-03-2010)
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Name (Nationality) |
Address |
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LIU Guanglin |
5003B-5006 World Trade Center of Dalian,
No. 25 Tongxing Street, Zhongshan District, Dalian, Liaoning,
China. |
SECRETARY
(As
per registry dated 26-03-2010)
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Name |
Address |
Co. No. |
|
Ever Trustful Capital Co. Ltd. |
Room 301-2, Hang Seng Wanchai Building, No. 200 Hennessy
Road, Wanchai, Hong Kong. |
812355 |
HISTORY
The subject was incorporated on 26th March, 2009
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: Chemicals, zinc ingots, other metal raw
materials, etc.
Employees: Nil.
Commodities Imported: Europe, China, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: L/C
or as per contracted.
Terms/Buying: L/C, 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
Having issued 10,000 ordinary shares of HK$1.00 each,
Hongkong Jia Yuan Trade Ltd. Is wholly owned by Mr. Liu Guanglin who is a China
merchant. Liu is a China ID holder and
currently residing in Zhongshan District, Dalian, Liaoning Province, China. Liu 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 9, 6/F., Shun On Commercial Building, 112-114 Des
Voeux Road Central, Hong Kong known as Company Kit Registrations Ltd.
Which is handling its correspondences and documents.
The subject has no employees in Hong Kong.
To our knowledge, the subject has had an associated company
Dandong New Era Trading Co. Ltd. [New Era] in China.
Liu is also the legal representative of New Era. With a registered capital of RMB 6 million
Yuan, New Era is trading in chemicals, hardware, metal raw materials, fibre
glass, etc. Commodities are imported
from Germany, Japan, Taiwan, etc. Most
of the products are distributed in China.
It also exports chemical sourced from China suppliers to foreign
markets.
The subject is trading in the same kinds of products of New
Era, especially zinc ingots. Products
are marketed in Hong Kong, re-exported to China, Macau and Taiwan, etc.
It is likely that New Era deals with foreign parties under
the name of the subject and let foreign firms correspond with the subject’s
registered address in Hong Kong. New Era
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.
Since the subject does not have its own operating office and
has no employees in Hong Kong, consider it good for business engagements on L/C
basis.
COURT CASES :
None per our.
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 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.