MIRA
INFORM REPORT
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Report Date : |
14.11.2011 |
IDENTIFICATION DETAILS
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Name : |
UNITED TIME HONG KONG LTD. |
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Registered Office : |
Room 2504, 25/F., Block S, Phase 3B, 77 Ngau Tau Kok Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.06.2008 |
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Com. Reg. No.: |
39472656 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
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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 |
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
UNITED TIME
HONG KONG LTD.
Address:
Room 2504, 25/F., Block S, Phase 3B,
77 Ngau Tau Kok Road, Kowloon,
Hong Kong.
[Given address Room 303A, 3/F., Shui Hing Centre, 13 Sheung Yuet Road,
Kowloon Bay, Kowloon, Hong Kong is the office address of the subject’s
individual secretary.]
[Wrong spelling of ‘Kong’ submitted.]
BUSINESS REGISTRATION NUMBER
39472656
COMPANY FILE NUMBER
1250396
DATE OF INCORPORATION
25th June, 2008.
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 25-06-2011)
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Name |
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No. of share |
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BAO Min Fei |
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1 = |
DIRECTOR
(As per registry dated 25-06-2011)
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Name (Nationality) |
Address |
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BAO Min Fei |
16 Bai Sha Fu Ting, Xing Zhou Hua Yuan, Xi Hu Qu, Hangzhou, China. |
SECRETARY
(As per registry dated 25-06-2011)
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Name |
Address |
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LUI Yiu Po |
Room 2504, Block S, Amoy Gardens, 77 Ngau Tau Kok Road, Kowloon, Hong
Kong. |
GENERAL
United Time Hong Kong Ltd. was incorporated on 25 June 2008 as a private
limited liability company under the Hong Kong Companies Ordinance. It is wholly-owned by Mr. Bao Min Fei who is
a China merchant, The subject has just
issued one ordinary share of HK$1.00 and owned by Bao. Being the only director of the subject, Bao
is a China ID holder and does not have the right to reside in Hong Kong
permanently. Currently, Bao is residing
in Hangzhou City, Zhejiang Province, China.
The subject does not have its own operating office. Its registered office is in a private
building located at ‘Room 2504, 25/F., Block S, Phase 3B, 77 Ngau Tau Kok Road,
Kowloon, Hong Kong’. This is the
residential address of Mr. Lui Yiu Po who is the individual secretary of
the subject. Lui is a Hongkongnese.
Your given address Room 303A, 3/F., Shui Hing Centre, 13 Sheung Yuet
Road, Kowloon Bay, Kowloon, Hong Kong is the office address of the subject’s
individual secretary.
The subject has no employees in Hong Kong.
The subject’s lines of business are unknown since the individual
secretary declined to divulge any information about it. It seems that it is a chemical trader.
It is likely that the subject has got an associated company in
Zhejiang Province, China which is also operated by Bao.
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 over three years and
four 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.50.28 |
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1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.44 |
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.