MIRA INFORM REPORT

 

 

Report Date :           

15.11.2011

 

IDENTIFICATION DETAILS

 

Name :

FULL  RICH  MARINE  PRODUCTS  LTD.

 

 

Registered Office :

c/o J L Secretarial Services Ltd., Room 502, 5/F., Finance Building, 256 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

27.04.2007

 

 

Com. Reg. No.:

37896181

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Aquatic Product Trader

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 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

 

FULL RICH  MARINE  PRODUCTS  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o J L Secretarial Services Ltd.

Room 502, 5/F., Finance Building, 256 Des Voeux Road Central, Hong Kong.

[Tel: 2544 2921;  Fax: 2544 1450]

 

Affiliated Company:-

Ocean Treasure Trading Ltd., Hong Kong.  [Dissolved]

 

 

BUSINESS REGISTRATION NUMBER 

 

37896181

 

 

COMPANY FILE NUMBER

 

1127854

 

 

DATE OF INCORPORATION

 

27th April, 2007.

 

 

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

 

SHAREHOLDERS

(As per registry dated 27-04-2011)

 

Name

 

No. of shares

HE Wen Jin

 

8,000

LAN Yu Qi

 

2,000

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTORS  

(As per registry dated 27-04-2011)

 

Name

(Nationality)

 

Address

HE Wen Jin

Room 402, No. 10 Main House, 506 Zhongshan Main Road East, Guangzhou City, Guangdong Province, China.

 

LIN Meng Shu

Room 1601, Building T25, Meilin Hupan Garden, 306 Taoyuan Middle Road, Tianhe, Guangzhou 510660, Guangdong Province, China.

 

 

SECRETARY 

(As per registry dated 27-04-2011)

 

Name

Address

Co. No.

J L Secretarial Services Ltd.

Room 502, 5/F., Finance Building, 256 Des Voeux Road Central, Hong Kong.

0245706

 

 

GENERAL

 

Full Rich Marine Products Ltd. was incorporated on 27th April, 2007 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 secretarial firm located at Room 502, 5/F., Finance Building, 256 Des Voeux Road Central, Hong Kong known as J L Secretarial Services Ltd. [JLSS] which is handling its correspondences and documents.  JLSS is also the corporate secretary of the subject.  Given phone number and fax number belong to JLSS.

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 80% are owned by Mr. He Wen Jin while 20% are owned by Mr. Lan Yu Qi.  Being China passport holders and China merchants, both of them are residing in Guangzhou City, Guangdong Province, China currently.

The directors of the subject are Mr. He Wen Jin and Ms. Lin Meng Shu.  Lin is a China businesswoman.

The subject is an aquatic product trader.  Most of the aquatic products are imported from India, Southeast Asia, South America, etc.  Prime market is China.  Main customers are restaurants, hotels and supermarkets in Guangzhou City, Guangdong Province, China.

Lan and the directors of the subject cannot be reached since they are in Guangzhou, Guangdong, China.

Formerly, Mr. Lan Yu Qi was a shareholder of Ocean Treasure Trading Ltd. [Ocean Treasure] which was incorporated on 23rd August, 2002 in Hong Kong.  Also trading in aquatic products, Ocean Treasure was 10% owned by Lan.  However, this firm was dissolved on 19th January, 2007 by deregistration.

The subject has got an associated company in Guangzhou City, Guangdong Province, China which is also operated by He and Lan.  The China firm is also a marine product trader.  However, details are unknown.

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 subject’s business in Hong Kong is not very active.  History is just over four years and six 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 secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.85

UK Pound

1

Rs.80.36

Euro

1

Rs.68.83

 

 

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

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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%)

 

 

 

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.