MIRA INFORM REPORT

 

 

Report Date :           

01.10.2011

 

IDENTIFICATION DETAILS

 

Name :

CHINA  STANDARD  CHEMICALS  (HK)  LTD.

 

 

Registered Office :

c/o Ng Wing Keung & Co., Room 2304A, 23/F., Far East Consortium Building, 121 Des Voeux Road Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

08.08.2006

 

 

Com. Reg. No.:

37038197

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of all kinds of chemical fertilizers, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

CHINA  STANDARD  CHEMICALS  (HK)  LTD.

 

 

Company ADDRESS

 

c/o Ng Wing Keung & Co.

Room 2304A, 23/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.

PHONE:            2851 0331

FAX:                 3571 9990

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Lie Ming  (Mobile: 9069 0120)

 

 

SUMMARY

 

Incorporated on:             8th August, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$100.00

 

Business Category:        Chemical Trader.

 

Employees:                   Nil.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Ng Wing Keung & Co.

Room 2304A, 23/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.

 

Main Office in China:-

Room 1101, Block A, Huaguoshan Building, Shekou, Shenzhen Special Economic Zone, China.

 

 

BUSINESS REGISTRATION NUMBER

 

37038197

 

 

COMPANY FILE NUMBER

 

1065652

 

 

MANAGEMENT

 

Managing Director:         Mr. Chen Lie Ming

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

 

SHAREHOLDER

(As per registry dated 08-08-2011)

 

Name

 

No. of shares

CHEN Lie Ming

 

100

===

 

DIRECTOR    

(As per registry dated 08-08-2011)

 

Name

(Nationality)

 

Address

CHEN Lie Ming

No. 601, Wai Yun Su She, 18 Huizhou Road, Haicheng District, Beihai City, Guangxi Province, China.

 

 

SECRETARY

(As per registry dated 08-08-2011)

 

Name

Address

Co. No.

JBL Secretary Services Ltd.

Room 1302, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.

0665319

 

 

HISTORY

 

The subject was incorporated on 8th August, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject has changed its registered address for several times.  Last time, the subject was located at Room 2101, 21/F., Yat Chau Building, 151 Des Voeux Road Central, Hong Kong, moved to the present address in July 2010 as it has changed its commercial service provider since then.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of chemical fertilizers, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, European countries, etc.

 

Markets:                       China, other Asian countries, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

Profit or Loss:                Keeping a balance account in Hong Kong.

 

Condition:                      Business is not active in Hong Kong.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 100 ordinary shares of HK$1.00 each, China Standard Chemicals (HK) Ltd. is wholly owned by Mr. Chen Lie Ming who is a China merchant.  He is a China passport holder and does not have the right to reside in Hong Kong permanently.  Chen is also the only director of the subject.  Currently, he is residing in Beihai City, Guangxi Province, China.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 2304A, 23/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong where is the operating address of an accountant firm.

The subject has no employees in Hong Kong.  The subject’s main office is located at Room 1101, Block A, Huaguoshan Building, Shekou, Shenzhen Special Economic Zone, China.

The subject is a chemical fertilizer trader.  Chemicals are imported from India, India, Germany, other European countries, etc.  Prime market is Southern China.

Your given phone number 9069 0120 belongs to Chen’s mobile phone number.  Currently, Chen is in Shekou, Shenzhen Special Economic Zone, China.

It is likely that the China firm in Shekou, Shenzhen 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.

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.48.93

UK Pound

1

Rs.76.52

Euro

1

Rs.66.65

 

 

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.