MIRA INFORM REPORT

 

 

Report Date :

18.06.2011

 

IDENTIFICATION DETAILS

 

Name :

SUNRISE  GLOBAL  TRADING  (HK)  LTD.

 

 

Registered Office :

Room 2209B, 22/F., Harbour Centre, 25 Harbour Road, Wanchai,

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

05.08.2010

 

 

Com. Reg. No.:

52746630

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer and Exporter of all kinds of foodstuffs, frozen meat, etc

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

 

 

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

 

Name and address

 

SUNRISE  GLOBAL  TRADING  (HK)  LTD.

 

 

ADDRESS:       Room 2209B, 22/F., Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong.

 

PHONE:            Not available

 

FAX:                 Not available

 

 

MANAGEMENT

 

Managing Director:  Mr. Shao Guorui

 

 

SUMMARY

 

Incorporated on:             5th August, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:        Foodstuff Trader.

 

Employees:                   2.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Too early to comment.

ADDRESS

 

Registered Head Office:-

Room 2209B, 22/F., Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong.

 

Associated Company:-

Shandong Huarun Foodstuffs Co. Ltd.

Liujia Caiyuan, Chengyang Town, Ju County, Rizhao City, Shandong Province, China.

[Tel: 86-633-688 6117;  Fax: 86-633-688 6799]

 

 

BUSINESS REGISTRATION NUMBER

 

52746630

 

 

COMPANY FILE NUMBER 

 

1489682

 

 

MANAGEMENT

 

Managing Director:  Mr. Shao Guorui

 

 

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 05-08-2010)

 

Name

 

No. of share

MA Aijun

 

1

=

 

 

DIRECTOR    

(As per registry dated 26-08-2010)

 

Name

(Nationality)

 

Address

SHAO Guorui

Lin Guan Zhuang Zhen Zhu Di, Ju County, Rizhao City, Shandong Province, China.

 

 

SECRETARY 

(As per registry dated 05-08-2010)

 

Name

Address

LAU King

Flat C, 15/F., Block 4, Site 4, Whampoa Garden, 7 Shung King Street, Hunghom, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was incorporated on 5th August, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject was located at Suite A, 8/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong where is the operating address of secretarial firm known as Supreme Access Business Management Ltd.  The subject moved to the present address with effect from 8th December, 2010.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of foodstuffs, frozen meat, etc.

 

Employees:                   2.

 

Commodities Imported:   Europe, India, etc.

 

Markets:                       China, Japan, North America, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1.00

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:      Too early to comment.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Sunrise Global Trading (HK) Ltd. is wholly-owned by Mr. Ma Aijun who is a China merchant.  The only director of the subject Shao Guorui is also a China merchant.  Shao is a Chin passport holder and does not have the right to reside in Hong Kong permanently.  Currently, both of Shao and Ma are residing in Rizhou City, Shandong Province, China.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The office of the subject in Hong Kong is small and just employing only two employees.

To our knowledge, the subject is a frozen meat trader.  It has had an associated company Shandong Huarun Foodstuffs Co. Ltd. [Huarun] in Rizhou City, Shandong Province, China.  Incorporated in 2003, Huarun is trading in all kinds of frozen chicken.  The legal representative of this firm is Shao Guorui.  Huarun exports its products to Japan, North America, etc. besides marketing in China.  Employing about 120 persons, Huarun keeps on improving.  The annual sales turnover of Huarun ranges RMB58 to 62 million.  Business is profitable.

The history of the subject in Hong Kong is just over ten months.

On the whole, since the subject is newly set up, consider it good for normal business engagements on L/C basis.

 

COURT CASES:            None per our.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.42

Euro

1

Rs.63.62

 

 

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.