MIRA INFORM REPORT

 

 

Report Date :           

03.05.2011

 

IDENTIFICATION DETAILS

 

Name :

HEALTH  CREATION  INDUSTRIAL  LTD.

 

 

Registered Office :

c/o Richful Deyong Corporate Management Ltd. Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.03.2009

 

 

Com. Reg. No.:

50727206

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

----

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Operating Office

 

 

Payment Behaviour :

----

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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

 

HEALTH  CREATION  INDUSTRIAL  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Richful Deyong Corporate Management Ltd.

Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty, Hong Kong.

[Tel: 2537 7886;  Fax: 2537 7780]

 

 

BUSINESS REGISTRATION NUMBER

 

50727206

 

 

COMPANY FILE NUMBER

 

1317401

 

 

DATE OF INCORPORATIOn

 

16th March, 2009.

 

 

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

 

Alternation of Capital:-

16-03-2009

paid up

HK$      1.00

01-06-2009

paid up

HK$      9,999.00

 

 

–––––––––––––

Total:

paid up

HK$      10,000.00

============

 

SHAREHOLDER

(As per registry dated 16-03-2011)

 

Name

 

No. of shares

LV Hai E

 

10,000

=====

 

 

DIRECTOR

(As per registry dated 16-03-2011)

 

Name

(Nationality)

 

Address

LV Hai E

Lan Qin Ge 6B, Shekou Lanyi Garden, Nanshan District, Shenzhen, China.

 

 

SECRETARY 

(As per registry dated 16-03-2011)

 

Name

Address

Co. No.

Joy Enterprise Secretary Services Ltd.

Room 19C, Lockhart Centre, 301-307 Lockhart Road, Wanchai, Hong Kong.

1336601

 

 

GENERAL

 

Health Creation Industrial Ltd. was incorporated on 16th March, 2009 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 a commercial service firm located at Room 1105, 11/F., Lippo Centre Tower 1, 89 Queensway, Admiralty, Hong Kong known as Richful Deyong Corporate Management Ltd. which is handling its correspondences and documents.  The associate of Richful Deyong Joy Enterprise Secretary Services Ltd. is the corporate secretary of the subject.  This firm is also located at the above-mentioned address.

Formerly the subject’s registered address was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong where is the operating address of Gateway Registrations Ltd. which is also a commercial service provider.  Moved to Unit A, 5/F., Max Share Centre, 373 King’s Road, North Point, Hong Kong where is the operating address of EF Secretarial Ltd. with effect from 1st June, 2009 as the subject had changed its secretarial firm since then.  It further moved to the present address in January 2010 as it has changed its secretarial firm again.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each of which are wholly owned by Ms. Lv Hai E who is a China business woman.  Being a China ID Card holder, she is also the only director of the subject.  Currently, Lv is residing in Shekou, Shenzhen Special Economic Zone, China.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.  It is likely that it is trading in chemical raw materials.  Commodities are chiefly imported from India and Europe.  Prime market is China.  Business is still under development.

Lv cannot be reached as she is in Shenzhen Special Economic Zone, China.

The subject has got an associated company in Shenzhen SEZ, China operated by Lv.  The subject and the Shenzhen firm are engaged in the same lines of business.

The Shenzhen 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 Shenzhen firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject has been banking with Standard Chartered Bank (Hong Kong) Ltd.  Its business in Hong Kong is not very active.

The history of the subject in Hong Kong is just over two years and a month.

Since the subject does not have its own operating office and has no employees in Hong Kong, on the whole, 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.44.33

UK Pound

1

Rs.73.89

Euro

1

Rs.65.57

 

 

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.