MIRA
INFORM REPORT
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Report Date : |
05.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SENASIA LTD. |
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Registered Office : |
C/o Acctax Co. Secretary Ltd. Suite 2105, 21/F., Wing On Centre, 111 Connaught Road, Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
30.06.1998 |
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Com. Reg. No.: |
21863025 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer & Exporter of All kinds of textile products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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) |
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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
SENASIA LTD.
Address:
C/o Autoplus Leather Goods Co.
Unit B1, 21/F, Shui Sum Industrial Building, 8-10 Kwai Sau Road, Kwai
Chung, New Territories, Hong Kong.
[Registered address:-
C/o Acctax Co. Secretary Ltd.
Suite 2105, 21/F., Wing On Centre, 111 Connaught Road, Central, Hong
Kong.]
PHONE: 2422 0591
FAX: 2428 4938
MANAGEMENT
Managing Director: Mr. Zhou
Xiaoyan
SUMMARY
Incorporated on: 30th
June, 1998.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$3,000.00
Business Category: Textile Product Trader.
Employees:
Nil.
Main Dealing Banker: Bank of China Ltd., Hong Kong Branch.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
c/o Autoplus Leather Goods Co.
Unit B1, 21/F, Shui Sum Industrial Building, 8-10 Kwai Sau Road,
Kwai Chung, New Territories, Hong Kong.
Holding Company:-
Jiangsu Province Textile Industrial (Holdings) Co. Ltd., China.
BUSINESS REGISTRATION NUMBER
21863025
COMPANY FILE NUMBER
0648758
MANAGEMENT
Managing Director: Mr. Zhou
Xiaoyan
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$3,000.00
SHAREHOLDER
(As per registry dated 30-06-2011)
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Name |
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No. of shares |
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Jiangsu Province Textile Industrial (Holdings) Co. Ltd. Textile Mansion, 482 Zhongshan Dong Road, Nanjing, China. |
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3,000 ==== |
DIRECTORS
(As per registry dated 30-06-2011)
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Name (Nationality) |
Address |
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ZHOU Xiaoyan |
Textile Mansion, 482 Zhongshan Dong Road, Nanjing, China. |
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QIAN Yiping |
Textile Mansion, 482 Zhongshan Dong Road, Nanjing, China. |
SECRETARY
(As per registry dated 13-07-2011)
|
Name |
Address |
Co. No. |
|
Acctax Co. Secretary Ltd. |
Suite 2105, 21/F., Wing On Centre, 111 Connaught Road, Central,
Hong Kong. |
0493783 |
HISTORY
The subject was incorporated on 30th June, 1998 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject has changed its registered address several times. Last time, it was located at Unit 505,
Wellborne Commercial Centre, 385-387 Lockhart Road, Wan Chai, Hong Kong, moved
to the present address in June 2008.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer & Exporter.
Lines: All kinds of textile
products.
Employees: Nil.
Commodities Imported: India, Europe, Japan, China, etc.
Markets: Worldwide countries, etc.
Terms/Sales:
L/C or as per
contracted.
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$3,000.00
Mortgage or Charge: (See attachment)
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.
Bankers:-
Industrial & Commercial Bank of China
(Asia) Ltd., Hong Kong.
Bank of Communications Co. Ltd., Hong Kong.
Standing:
Small.
GENERAL
Senasia Ltd. is a wholly-owned subsidiary of Jiangsu Province Textile
Industrial (Holdings) Co. Ltd. [JPTIH] which is a China-based firm.
Directors of the subject are Mr. Zhou Xiaoyan and Mr. Qian Yiping, both
of whom are China passport holders and do not have the right to reside in
Hong Kong permanently.
The subject does not have its own operating office. Its office is in a Hong Kong-registered
firm located at ‘Unit B1, 21/F, Shui Sum Industrial Building, 8-10 Kwai Sau
Road, Kwai Chung, New Territories, Hong Kong’ known as ‘Autoplus Leather Goods
Co.’ [Autoplus] which is handling its correspondences and documents.
The subject has no employees in Hong Kong. All the employees in the office belongs to
Autoplus which is trading in leather products.
The subject is trading in the following commodities:
·
Piecegoods - Vegetable Fibre
·
Piecegoods - Blended
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Piecegoods - Woollen
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Piecegoods - Silk
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Piecegoods - Synthetic
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Suits & Jackets - Men’s
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Suits & Jackets - Women’s
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Children's Wear
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Blouses
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Denim Garments
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High-end Fashion Wear
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Shirts
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Machinery - Textile & Garment
The prime markets are Eastern Europe, the Middle East, Japan, other
Asian Countries, Scandinavia, Western Europe, etc. Nominally, the subject is the trading arm of
JPTIH in Hong Kong.
The subject also trades in other products apart from textiles as entrusted
by customers.
JPTIH is a large textile group in Jiangsu Province, China.
It is likely that JPTIH deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. JPTIH 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 very 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 L/C basis.
MORTGAGE OR CHARGE
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Date |
Particulars |
Amount |
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11-05-2007 |
Instrument: Deed of Indemnity, Charge Over
Deposit(s) and Set-Off Property: By way of first fixed charge All the Company’s estate, right, title, claim, benefit and interest to
and in the Deposit(s) and all interest from time to time payable thereon and
together with all title deeds or documents relating thereto. Customer No. 012-2904219-3 Mortgagee: Bank of China (Hong Kong) Ltd.,
Hong Kong. |
All moneys in respect of general banking facilities |
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20-07-2010 |
Instrument: Security over Deposit in respect of
Obligations of the Depositor Property: By way of first fixed charge to the Chargee the account No.
861530034002 Mortgagee: Industrial & Commercial Bank of
China (Asia) Ltd., Hong Kong. |
All monies and liabilities |
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23-05-2011 |
Instrument: Deed of Indemnity, Charge Over
Deposit(s) and Set-Off Property: By way of Fixed Charge to the Bank all the Company’s estate, right,
title, claim, benefit and interest to and in the Deposit Account No.
02753393121169 and all interest from time to time payable thereon together
with all title deeds and documents relating thereto. Mortgagee: Bank of Communications Co. Ltd.,
Hong Kong Branch. |
All actions, suits, proceedings, claims, demands, losses, damages,
costs, fees, expenses and/or liabilities of whatsoever nature which the Bank
may suffer incur or sustain, whether actual or contingent, by reason, arising
out or on account of the Bank agreeing at the request of the Company to grant
or continue to grant to the Company general banking facilities |
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23-05-2011 |
Instrument: Security Deed Property: The Company, as beneficial owner, charges and agrees to charge and, to
the extent permitted, assigns and agrees to assign, to Bank of Communications
Co. Ltd., Hong Kong Branch by way of first fixed security all rights,
benefit and interests of the Company under or in connection with the
Transactions including all amounts of any nature payable to the Company under
or in connection with the Transactions, as continuing security for the
discharge of the Outstandings. Mortgagee: Bank of Communications Co. Ltd.,
Hong Kong Branch. |
General banking facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.22 |
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|
1 |
Rs.76.07 |
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Euro |
1 |
Rs.65.06 |
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.