MIRA INFORM REPORT

 

 

Report Date :           

09.11.2011

 

IDENTIFICATION DETAILS

 

Name :

KINTECH  INTERNATIONAL  GROUP  LTD.

 

 

Formerly Known As :

KING EMPIRE GROUP LTD

 

 

Registered Office :

c/o Excel Secretaries Ltd., Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.06.2002

 

 

Com. Reg. No.:

32950740

 

 

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 :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

KINTECH  INTERNATIONAL  GROUP  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Excel Secretaries Ltd.

Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

32950740

 

 

COMPANY FILE NUMBER

 

0803630

 

 

DATE OF INCORPORATION

 

26th June, 2002.

 

 

CAPITAL

 

Nominal Share Capital:   HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1,000,000.00

 

 

SHAREHOLDERS

(As per registry dated 26-06-2005)

Name

Occupation

No. of shares

LIU Mei Chen

Merchant

900,000

HSU Li Chung

Merchant

100,000

 

 

––––––––

 

Total:

1,000,000

=======

 

DIRECTORS  

(As per registry dated 26-06-2005)

 

Name

(Nationality)

 

Address

LIU Mei Chen

Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong.

 

HSU Li Chung

Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong.

 

 

SECRETARY

(As per registry dated 26-06-2005)

 

Name

Address

Co. No.

Excel Secretaries Ltd.

Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong.

0541950

 

 

GENERAL

 

Kintech International Group Ltd. was incorporated on 26th June, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of King Empire Group Ltd., name changed to the present style on 6th July, 2005.

The subject does not have its own operating office.  Its registered office is in a secretarial firm located at Room 1006, 10/F., World-Wide House, 19 Des Voeux Road Central, Hong Kong known as Excel Secretaries Ltd. which is handling its correspondences and documents.  Excel Secretaries Ltd. is also the corporate secretary of the subject.

The subject is not located at your given address Unit A, 5/F., Wing Cheong Commercial Building, 19-25 Jervois Street, Hong Kong where is the operating office of an accountant firm known as KMF & Co.  The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 1 million ordinary shares of HK$1.00 each of which 90% are owned by Ms. Liu Mei Chen, and 10% are owned by Mr. Hsu Li Chung.  The directors of the subject are also Liu and Hsu.  Both of them are Taiwan passport holders.

The subject’s lines of business are unknown since the commercial service firm declined to divulge any information about it.

It is likely that the subject has got associated companies in Taiwan.  However, details are unknown.

It is also likely that the Taiwan 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 Taiwan 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 over nine years and four months.

On 25th July, 2008, the subject was almost struck off from the Companies Registry of Hong Kong.  However, the striking off has been discontinued.  The decision was made on 26th August, 2008 by the Companies Registry of Hong Kong.

Since the subject does not have its own operating office, has no employees in Hong Kong and almost be struck off from the Companies Registry of Hong Kong, consider it good for business engagements on secured terms.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.38

UK Pound

1

Rs.79.20

Euro

1

Rs.67.84

 

 

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.