MIRA
INFORM REPORT
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Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
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Name : |
JINYAN INTERNATIONAL INDUSTRIAL
LTD. |
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Registered Office : |
C/o Henry Law & Co. Ltd. Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road,
Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.12.2008 |
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Com. Reg. No.: |
50122026 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
-- |
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 : |
No Operating Office |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Name and address
JINYAN INTERNATIONAL
INDUSTRIAL LTD.
ADDRESS:
Registered Office:-
c/o Henry Law & Co. Ltd.
Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road,
Wanchai, Hong Kong.
[Tel: 2861 0885; Fax: 2861 0802]
BUSINESS REGISTRATION NUMBER
50122026
COMPANY FILE NUMBER
1295440
DATE OF INCORPORATION
18th December, 2008.
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry dated 18-12-2010)
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Name |
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No. of share |
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WU Yanquan |
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1 = |
DIRECTOR
(As per registry dated 18-12-2010)
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Name (Nationality) |
Address |
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WU Yanquan |
Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road,
Wanchai, Hong Kong. |
SECRETARY
(As per registry dated 18-12-2010)
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Name |
Address |
Co. No. |
|
Henda Secretaries & Nominees Ltd. |
Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road,
Wanchai, Hong Kong. |
0688215 |
GENERAL
Jinyan International Industrial Ltd. was incorporated on 18th December, 2008
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 an accountant
firm located at Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy
Road, Wanchai, Hong Kong known as Henry Law & Co. Ltd. which is handling
its correspondences and documents. The
associated company of Henry Law & Co. Ltd. Henda Secretaries & Nominees
Ltd. [Henda] is the corporate secretary of the subject. Henda is also located at the above-mentioned
address.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued
just one ordinary share of HK$1.00 which is owned by Mr. Wu Yanquan who is a
China merchant. Wu is a China passport
holder and does not have the right to reside in Hong Kong permanently. He is the only director of the subject and
cannot be reached as he is in China.
The subject’s lines of business are unknown since the secretarial firm
declined to divulge any information about it.
Your given phone number 86-592-6023316 is a China line. This is not a phone number but a fax
number. This line is in Xiamen Special
Economic Zone, China.
It is likely that the subject has got an associated company in Xiamen
SEZ which is also operated by Wu.
However, details are unknown.
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.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.68 |
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|
1 |
Rs.73.04 |
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Euro |
1 |
Rs.64.29 |
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 |
-- |
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.