MIRA INFORM REPORT
|
Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
JINLIDA
INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
c/o Premium Corporate Consulting Ltd., Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
13.06.2007 |
|
|
|
|
Com. Reg. No.: |
38059019 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of all kinds of light industrial machinery and equipment, etc |
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 : |
Very good |
|
|
|
|
Payment
Behaviour : |
No Complaints |
|
|
|
|
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 Form
JINLIDA INTERNATIONAL
LTD.
Company ADDRESS
c/o Premium Corporate Consulting Ltd.
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2838 6085
FAX: 2833 6261
MANAGEMENT
Managing Director: Mr. Zhang Shaohua
SUMMARY
Incorporated on: 13th June, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Light Industrial Machinery Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o Premium Corporate Consulting Ltd.
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong.
Associated Companies:-
Jiangyin Jinlida Gabion System Engineering & Industry Co. Ltd., China.
Jiangyin Jinlida Light Industrial Machinery Co. Ltd., China.
BUSINESS REGISTRATION NUMBER
38059019
COMPANY FILE NUMBER
1141072
MANAGEMENT
Managing Director: Mr. Zhang Shaohua
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 13-06-2010)
|
Name |
|
No.
of shares |
|
ZHANG Shaohua |
|
10,000 ===== |
DIRECTOR
(As per registry
dated 13-06-2010)
|
Name (Nationality) |
Address |
|
ZHANG Shaohua |
Room 502, No. 54, Chaijixincun, Nanchang
District, Wuxi City, Jiangsu Province, China. |
SECRETARY
(As per registry
dated 13-06-2010)
|
Name |
Address |
Co.
No. |
|
Topwealth
Group (HK) Ltd. |
Unit A & B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong
Kong. |
1147942 |
HISTORY
The
subject was incorporated on 13th June, 2007 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 and Exporter.
Lines: All kinds of light industrial machinery and equipment, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: North America, Southeast Asia, the Middle East, North Africa, Eastern & Western
Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
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, Jinlida International Ltd. is
wholly owned by Mr. Zhang Shaohua who is a China merchant. He is also the only director of the
subject. Being a China ID holder, Zhang
does not have the right to reside in Hong Kong permanently. Currently, he is residing in Wuxi City
Jiangsu Province, China.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit A
& B, 15/F., Neich Tower, 128 Gloucester Road, Wanchai, Hong Kong known
as Premium Corporate Consulting Ltd. [Premium] which is handling its
correspondences and documents. Premium
is an associated company of K. Y. Ng & Co. Ltd. which is an accountant firm
also located at the above-mentioned address.
The
subject has no employees in Hong Kong.
We
can reach nobody at your given phone number 852-3906 9409 as nobody answers our
calls.
To
our knowledge, the subject has had a main associated company Jiangyin Jinlida
Light Industrial Machinery Co. Ltd. [Jinlida] which is in Jiangyin City,
Jiangsu Province, China.
Jinlida
is engaged in manufacturing gabion mesh machine which has received its patents
in China in 1999 and 2000 (Patent No. ZL99229381.2 and ZL00267044.5). This kind of product was developed by utilizing
both China and foreign technologies.
Jinlida has developed the machine from model LNWL-1, LNWL-2 to
LNWL-3. It also has got international
professional technical service experience both for machinery and gabion system
construction.
Jinlida
is a professional manufacturer and exporter of gabion mesh machines, gabion
production lines, and all kinds of gabion products such as gabion boxes, gabion
mattresses, sack gabions, and rock-fall nettings. Its gabion products are following strictly to
BS 443, BS 1052 and ASTM standards. It
also has got ISO 9001 certification.
About 90% of its products have been sold to more than 40 countries and
regions, such as the United States, the United Kingdom, Canada, Taiwan,
Malaysia, Thailand, Italy, South Africa, North Africa, Iran, India, Poland,
etc. Having eight gabion production
lines, Jinlida’s production capacity reaches 10 million sq.m. per year.
Jinlida
has been to producing model GLL light duty series of machinery for the
production of hexagonal wire mesh since 1980.
It has seven types of these machines that can weave wire mesh at
different apertures. These machines can
weave wire up to a diameter of 1.2mm.
There are two types of machine in this series: single-headed and
double-headed. The single-headed machine
can weave up to a width of 1.2m and the double, 2.2m. When separated in the middle, the
double-headed machine can weave two 1m wide meshes simultaneously. Types 1/2’ and 3/4’ machines can weave
trapezoidal wire-mesh after the necessary alterations to produce a kind of
wire-mesh used widely as the skeleton for asbestos shingle.
Jinlida
is also the professional manufacturer of wire drawing machine and wire hot dip
galvanizing lines.
Another
associated company is Jiangyin Jinlida Gabion System Engineering & Industry
Co. Ltd. [Jinlida Gabion] which is also in Jiangyin City, Jiangsu Province,
China.
Jinlida
Gabion is the developer and user of the earliest domestic ecological
“double-twisted wire mesh” engineering structure and material. It provides the technological consultation
and design service for the domestic and international hydraulic engineering,
highway and railway prevention project, ocean engineering, rock-fall prevention
project, landslide and mudflow control and prevention. Jinlida Gabion is the developmental unit and
production unit of these engineering materials.
Jinlida
Gabion studies the technology of bank (slope, border) prevention in ancient
times, modern times and China today.
Since it has absorbed and introduced the ecological “double-twisted wire
mesh” craft in 1998; it has formed the idea of engineering which suitable for
China’s specific conditions. Jinlida Gabion has contacted with many famous
companies and experts in Italy, Russia, South Korea, Malaysia, Slovakia, etc,
make the application of ecological “double-twisted wire mesh” craft in China
has deep scientific research background and abundant project experience, and
promote the research of project with the famous scientific research
institutions in China, make this technology enter the application stage.
Jinlida
Gabion has set up its own research centre, testing centre for scientific
research, and Jinlida Gabion is the research and development base of China
ecological “double-twisted wire mesh” craft.
It
is likely that the China firms deal 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 firms 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 secured basis.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
UK Pound |
1 |
Rs.72.54 |
|
Euro |
1 |
Rs.63.39 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.