MIRA
INFORM REPORT
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Report Date : |
12.01.2011 |
IDENTIFICATION DETAILS
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Name : |
sino harvest international holdings ltd. |
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Registered Office : |
C/o World Trade Enterprises Consultancy Ltd. Room 2105, JHZ1239, Trend Centre, |
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Country : |
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Date of Incorporation : |
05.11.2009 |
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Com. Reg. No.: |
51372513 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Silk garments, silk products,
other textile products, 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 : |
New Company |
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Payment Behaviour : |
No Complaints |
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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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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
SINO HARVEST
INTERNATIONAL HOLDINGS LTD.
ADDRESS
c/o World Trade Enterprises Consultancy Ltd.
Room 2105, JHZ1239, Trend Centre,
PHONE: Not available
FAX: Not available
Note: Given address “Room 907, JHZ1239,
Wing Tuck Commercial Centre,
MANAGEMENT
Managing Director: Ms. Xu Meirong
SUMMARY
Incorporated on: 5th
November, 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.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
c/o World Trade Enterprises Consultancy Ltd.
Room 2105, JHZ1239, Trend Centre,
Associated Companies:-
Hangzhou Heaven Story Silk Co. Ltd.
Qianjiang
BUSINESS REGISTRATION NUMBER
51372513
COMPANY FILE NUMBER
1388355
MANAGEMENT
Managing Director: Ms. Xu Meirong
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 05-11-2010)
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Name |
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No. of shares |
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XU Meirong |
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10,000 ===== |
DIRECTOR
(As per registry dated 05-11-2010)
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Name (Nationality) |
Address |
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XU Meirong |
Room 2105, JHZ1239, Trend Centre, |
SECRETARY
(As per registry dated 05-11-2010)
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Name |
Address |
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World Trade Enterprises Consultancy Ltd. |
15/F., |
1156560 |
HISTORY
The subject was incorporated on 5th November, 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: Silk garments, silk
products, other textile products, etc.
Employees: Nil.
Commodities Imported:
Markets: Southeast Asia, Europe,
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, 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.
Condition: Business is under development.
Facilities: Trying to make use of general
banking facilities.
Payment: Met
trade commitments as required.
Commercial Morality: Fairly satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd.,
Standing:
Small.
GENERAL
Sino Harvest International Holdings Ltd. is wholly-owned by Ms. Xu
Meirong who is a
The subject does not have its own operating office. Its registered office is in a consultancy
firm located at Room 2105, JHZ1239, Trend Centre,
Your given address of the subject is the other office of World Trade
Enterprises Consultancy Ltd. JHZ1239 is
the file number of the subject in the consultancy firm.
The subject has no employees in
In
To our knowledge, Xu has had a firm known as Hangzhou Heaven Story Silk
Co. Ltd. [HHSS] which is in
Established in 2008 and with a registered capital of RMB500,000 Yuan,
HHSS is trading in silk scarves, silk blankets, silk garments, silk bed
products, etc. Most of the commodities
bear the brand name of “Heaven Story”. The branded products are also franchised to
the other retailers. Currently, the
subject has had one to five retailing counters in the following cities of
Besides, the products of “Heaven Story” have been exported to the
According to HHSS, its brand “Heaven Story” has become one of the
most significant brands in
Xu is the legal representative and general manager of HHSS.
It is likely that HHSS deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in
The subject’s business in
Since the subject does not have its own operating office and has no
employees in
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.45.32 |
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1 |
Rs.70.54 |
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Euro |
1 |
Rs.58.70 |
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.