MIRA INFORM REPORT

 

 

 

Report Date :           

30.07.2011

 

IDENTIFICATION DETAILS

 

Name :

DRAGON CROWN INVESTMENTS LTD

 

 

Registered Office :

Suites 1802-3, 18Fl Convention Plaza Office Tower 1 Harbour Rd, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent company

 

 

Line of Business :

Manufacturing of Chemical

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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 & address   Bottom of Form

 

 

Dragon Crown Investments Ltd

Suites 1802-3, 18Fl Convention Plaza Office Tower 1 Harbour Rd

Wanchai

Hong Kong,

Hong Kong

Tel:       852-25003888

Fax:      852-25871338

 

 

Synthesis  

 

Employees:                  15

Company Type:            Private Independent

Reporting Currency:       US Dollar

Annual Sales:               NA

Total Assets:                NA

 

 

Business Description     

 

This major group includes establishments producing basic chemicals, and establishments manufacturing products by predominantly chemical processes. Establishments classified in this major group manufacture three general classes of products: (1) basic chemicals, such as acids, alkalies, salts, and organic chemicals; (2) chemical products to be used in further manufacture, such as synthetic fibers, plastics materials, dry colors, and pigments; and (3) finished chemical products to be used for ultimate consumption, such as drugs, cosmetics, and soaps; or to be used as materials or supplies in other industries, such as paints, fertilizers, and explosives.

 

Industry 

Industry            Chemical Manufacturing

ANZSIC 2006:    18 - Basic Chemical and Chemical Product Manufacturing

NACE 2002:      24 - Manufacture of Chemicals and Chemical Products

NAICS 2002:     325 - Chemical Manufacturing

UK SIC 2003:    24 - Manufacture of Chemicals and Chemical Products

US SIC 1987:    28 - Chemicals and Allied Products

 

 

Key Executives         

 

Name

Title

Wai-man Ng

Managing Director

Jackson Yat-chin Chong

Vice President

 

·         Profit & Loss Item Exchange Rate: USD 1 = USD 1 

·         Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

Suites 1802-3, 18Fl Convention Plaza Office Tower 1 Harbour Rd

Wanchai

Hong Kong, Hong Kong

Tel:       852-25003888

Fax:      852-25871338

           

Sales USD(mil):             NA

Assets USD(mil):           NA

Employees:                   15

Industry:                        Chemical Manufacturing

Company Type:             Private Independent

Quoted Status:              Not Quoted

Managing Director:         Wai-man Ng

 

 

Contents

 

·         Industry Codes

·         Business Description

 

Industry Codes

 

ANZSIC 2006 Codes:

1813     -          Basic Inorganic Chemical Manufacturing

18         -          Basic Chemical and Chemical Product Manufacturing

 

NACE 2002 Codes:

24         -          Manufacture of Chemicals and Chemical Products

2413     -          Manufacture of other inorganic basic chemicals

 

NAICS 2002 Codes:

325188  -          All Other Basic Inorganic Chemical Manufacturing

325       -          Chemical Manufacturing

 

US SIC 1987:

2819     -          Industrial Inorganic Chemicals, Not Elsewhere Classified

28         -          Chemicals and Allied Products

 

UK SIC 2003:

24         -          Manufacture of Chemicals and Chemical Products

2413     -          Manufacture of other inorganic basic chemicals

 

Business Description

This major group includes establishments producing basic chemicals, and establishments manufacturing products by predominantly chemical processes. Establishments classified in this major group manufacture three general classes of products: (1) basic chemicals, such as acids, alkalies, salts, and organic chemicals; (2) chemical products to be used in further manufacture, such as synthetic fibers, plastics materials, dry colors, and pigments; and (3) finished chemical products to be used for ultimate consumption, such as drugs, cosmetics, and soaps; or to be used as materials or supplies in other industries, such as paints, fertilizers, and explosives.

 

 

Executive report

 

Executive

 

Name

Title

Function

Wai-man Ng

 

Managing Director

Managing Director

Jackson Yat-chin Chong

 

Vice President

Other

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.16

UK Pound

1

Rs.72.10

Euro

1

Rs.63.10

 

 

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%)

 

 

 

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.