MIRA
INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FANCY DRAGON INTERNATIONAL TRADING LTD. |
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Registered Office : |
Flat A, 2/F., Tower 1, Nan Fung Plaza, 8 Pui Shing Road, Tseung Kwan O, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.05.2010 |
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Com. Reg. No.: |
52309735 |
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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 : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong
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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 |
Company name and address
FANCY DRAGON
INTERNATIONAL TRADING LTD.
ADDRESS:
Registered Office:-
Flat A, 2/F., Tower 1, Nan Fung Plaza, 8 Pui Shing Road,
Tseung Kwan O, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
52309735
COMPANY FILE NUMBER
1459200
DATE OF INCORPORATION
24th May, 2010.
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 24-05-2011)
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Name |
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No. of share |
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LIN Qingcai |
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1 = |
DIRECTOR
(As per registry dated 24-05-2011)
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Name (Nationality) |
Address |
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LIN Qingcai |
Flat A, 2/F., Tower 1, Nan Fung Plaza, 8 Pui Shing Road, Tseung Kwan
O, Kowloon, Hong Kong. |
SECRETARY
(As per registry dated 24-05-2011)
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Name |
Address |
Co. No. |
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Henda Secretaries & Nominees Ltd. |
Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road,
Wanchai, Hong Kong. |
0688215 |
GENERAL
Fancy Dragon International Trading Ltd. was incorporated on 24th May,
2010 as a private limited liability company under the Hong Kong Companies
Ordinance.
Having issued just 1 ordinary share of HK$1.00, the subject is wholly
owned by Mr. Lin Qingcai who is a China merchant. He is a China passport holder and does not
have the right to reside in Hong Kong permanently. Lin is also the only director of the subject.
In Hong Kong, Lin’s registered residential address is located at Flat A,
2/F., Tower 1, Nan Fung Plaza, 8 Pui Shing Road, Tseung Kwan O, Kowloon, Hong
Kong. This is also the registered
address of the subject.
The subject’s telephone number and fax number have not registered with
local telephone company nor listed on telephone directories.
The residential building is not trespassed by outsiders. The subject has no employees in Hong Kong.
We cannot reach Lin although he is in Hong Kong sometimes.
The subject’s lines of business are unknown. It is likely that the subject is a lighting
products trader. Another secondary
source says that the subject is a furniture trader.
The subject is just a one-man company which is managed by Lin himself.
It is likely that Lin is operating a firm in China which is engaged in
the same lines of business as the subject.
It is also 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. History in Hong Kong is just over a year and
five months.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.08 |
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|
1 |
Rs.78.65 |
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Euro |
1 |
Rs.67.79 |
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 |
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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.