MIRA INFORM REPORT

 

 

Report Date :           

01.10.2011

 

IDENTIFICATION DETAILS

 

Name :

MILLION  LINK  (CHINA)  INVESTMENT  LTD.

 

 

Registered Office :

 Room 3508, 35/F., Bank of America Tower, 12 Harcourt Road

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

28.04.1999

 

 

Com. Reg. No.:

30065604

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of Industrial chemicals (ferro silicon, silicon manganese, carbon raiser and citric acid).

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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

 

MILLION  LINK  (CHINA)  INVESTMENT  LTD.

 

 

company ADDRESS

 

Room 3508, 35/F., Bank of America Tower, 12 Harcourt Road, Hong Kong.

PHONE:            2815 8007

FAX:                 2815 8377

E-MAIL:                        ceo@millionlink.com

webmarketing@millionlink.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Xia Gang

 

 

SUMMARY

 

Incorporated on:             28th April, 1999.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$5,010,000.00

Issued:              HK$5,010,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Annual Turnover:            HK$120~150 million.

 

Employees:                   10.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Room 3508, 35/F., Bank of America Tower, 12 Harcourt Road, Hong Kong.

 

Associated Companies:-

·         Million Link (India) Smelting Pvt. Ltd., India.

·         Million Link (Tianjin) International Trade Co. Ltd., China.

·         Million Link Americas Ltd., USA.

·         Million Link (Pakistan) Pvt. Ltd., Pakistan.

·         Million Link Ltd. (Egypt) Branch, Egypt.

·         P.T. Million Link Ferro Alloys Indonesia, Indonesia.

·         Million Link (China) Investment Ltd., China.

·         Million Link Shipping Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

 30065604

 

 

COMPANY FILE NUMBER

 

 0673680

 

 

MANAGEMENT

 

Managing Director:  Mr. Xia Gang

 

 

CAPITAL

 

Nominal Share Capital:   HK$5,010,000.00 (Divided into 5,010,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$5,010,000.00

 

SHAREHOLDERS

(As per registry dated 28-04-2011)

 

Name

 

No. of shares

XIA Gang

 

2,555,100

WANG Liping

 

2,454,900

 

 

––––––––

 

Total:

5,010,000

=======

 

 

DIRECTORS  

(As per registry dated 28-04-2011)

 

Name

(Nationality)

 

Address

XIA Gang

Flat E, 58/F., Block 9, Central Park Towers II, 2 Ting Yan Road, Tin Shui Wai, New Territories, Hong Kong.

 

WAN Kwai Har

Flat F, 26/F., Block 7, Chi Fu Fa Yuen, Pok Fu Lam, Hong Kong.

 

WANG Liping

Flat E, 58/F., Block 9, Central Park Towers II, 2 Ting Yan Road, Tin Shui Wai, New Territories, Hong Kong.

 

 

SECRETARY

(As per registry dated 28-04-2011)

 

Name

Address

Co. No.

Million Link Shipping Ltd.

Room 3508, 35/F., Bank of America Tower, 12 Harcourt Road, Hong Kong.

0383675

 

 

HISTORY

 

The subject was incorporated on 28th April, 1999 as a private limited liability company under the Hong Kong Companies Ordinance.

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

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Industrial chemicals (ferro silicon, silicon manganese, carbon raiser and citric acid).

 

Employees:                   10.

 

Commodities Imported:   India, Europe, China, other Asian countries, etc.

 

Markets:                       Middle East, North America, other Asian countries, Southeast Asia, Western Europe, etc.

 

Annual Turnover:            HK$120~150 million.

 

Terms/Sales:                 L/C or as per contracted.

 

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

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$5,010,000.00 (Divided into 5,010,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$5,010,000.00

 

Mortgage or Charge

(since 2005):                 (See attachment)

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Bankers:-

·         Bank of China (Hong Kong) Ltd., Hong Kong.

·         Citibank N.A., Hong Kong Branch.

·         Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Standing:  Normal.

 

GENERAL

 

Having issued 5,010,000 ordinary shares of HK$1.00 each, Million Link (China) Investment Ltd. is jointly owned by Mr. Xia Gang, holding 51% interests; and Ms. Wan Kwai Har, holding 49%.  Xia and Wan seem to be a couple.

The subject is a professional international trading company specialized in ferro-alloys, foundry, minerals, iron and steel, non-ferrous metals trading.  It is also engaged in investments holding.  Headquartered in Hong Kong, the subject has rather good reputation for its professional services.

The subject’s products are exported to the Middle East, North America, other Asian countries, Southeast Asia, Western Europe, etc.

The subject has got ISO 9001:2000 certification.

The subject has had associated or affiliated companies in China, India, Indonesia, Mongolia, Egypt, Pakistan, Canada, Vietnam and the United States.

Your given phone number 86-22-2647 3070 and fax number 86-22-2641 4037 belong to Million Link (Tianjin) International Trade Co. Ltd. which is located at Vanke City Garden, Zhengyi Road, Herbei District, Tianjin, China.  This firm has had the following associates in China:-

·         Carat Logistics Ltd.

·         Million Link Ferroalloys Ltd.

·         Tianjin Million Link Int’l Transportation Co.

The subject’s business is active and good.  Annual sales turnover ranges from HK$120 to 150 million.  Making a small profit every year.

The subject’s business is chiefly handled by the directors of the subject.

As the history of the subject is over twelve years and five months in Hong Kong, on the whole, consider it good for normal business engagements.

 

REMARKS:

 

Property information of the company:-

1.     Property Location:       Office 8 on 35/F., Bank of America Tower, 12 Harcourt Road, Hong Kong.

Owner:     Million Link (China) Investment Ltd.

Date of Purchase:  n.a.

Purchased Price:  n.a.

Incumbrances:-

Date of Mortgage

Amount Consideration

Mortgagee

Nature

16-09-2005

-

Bank of China (Hong Kong) Ltd., Hong Kong.

Mortgage to secure general banking facilities

 

2.     Property Location:       Flat E on 58/F. & Flat Roof of Tower 9, Central Park Towers II, 2 Ting Yan Road, New Territories, Hong Kong.

Owner:     Million Link (China) Investment Ltd.

Date of Purchase:  n.a.

Purchased Price:  n.a.

Incumbrances:-

Date of Mortgage

Amount Consideration

Mortgagee

Nature

11-05-2011

-

Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

Legal charge to secure general banking facilities

 

 

MORTGAGE OR CHARGE

 

(Since 2005)

 

Date

Particulars

Amount

16-09-2005

Instrument:      Mortgage

Property:

41/1,000th parts or shares of and in 140/10,000th parts or shares of and in Inland Lot No. 8294 [Office 8 on 35/F. of Bank of America Tower (formerly known as Gammon House), 12 Harcourt Road, Hong Kong.]

Mortgagee:      Bank of China (Hong Kong) Ltd., Hong Kong.

To secure all moneys in respect of general banking facilities

28-10-2005

Instrument:      Deposit Deed

Property:

By way of a first fixed charge and as a continuing security for the Obligations, the Company charges all the Company’s rights, title to and interest in all the Company’s accounts

Mortgagee:      Citibank N.A., Hong Kong Branch.

All moneys

29-08-2007

Instrument:      Charge Over Deposits – CD 1 (06)

Property:

1)   By fixed Charge:  all the Company’s rights in respect of (i) time deposit of HK$2,000,000.00 deposited by the Company; and (ii) all other sums in any currency from time to time standing to the credit of the Company or the credit of any other person for the Company’s benefit whether alone or jointly with others, on any deposit account with the Bank or any other SCB Group Company including additions to or renewals or replacements of such sum; and all interest from time to time accruing or payable on the sums specified in (i) and (ii) above;

2)   By assignment:  all Deposits held with any SCB Group Company

Mortgagee:      Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

To secure the payment or discharge of all moneys, obligations and liabilities, whether actual or contingent at the date of the Charge or at any time after the date thereof, due, owing or incurred by the Company to Standard Chartered Bank (Hong Kong) Ltd.

29-08-2007

Instrument:      A Charge Over Securities – Section 1 (05)

Property:

1)   All the Company’s rights, title and interest in and to: (a) all, stocks, shares, bonds, debentures, certificates of deposit, promissory notes, units in any trust, units or other interests in any collective investment scheme and other securities; and (b) all securities

2)   All rights in relation to any Securities

3)   All dividends, interest or other distributions paid or to be paid on any of the Securities and the Rights and all allotments, accretions, offers, rights, benefits and advantages

Mortgagee:      Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

All moneys, obligations and liabilities, whether actual or contingent, on the date of the Charge or at any time thereafter due, owing or incurred by the Company to Standard Chartered Bank (Hong Kong) Ltd.

11-11-2009

Instrument:      Deposit Deed

Property:

By way of a first fixed charge and as a continuing security for the Obligations, the Company charges and assigns absolutely all its rights, title to and interest in the Accounts and all Deposits from time to time in the Accounts and/or comprising the Accounts maintained with Citibank N.A., Hong Kong Branch and/or Citibank (Hong Kong) Ltd.

Mortgagee:      Citibank N.A., Hong Kong Branch.

All moneys

11-05-2011

Instrument:      Legal Charge/Mortgage

Property:

84/181,954th parts or shares of and in Tin Shui Wai Town Lot No. 24 (Flat E on 58/F. & Flat Roof of Tower 9 of Central Park Towers II, 2 Ting Yan Road, New Territories, Hong Kong.)

Mortgagee:      Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

All moneys

 

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.