MIRA INFORM REPORT

 

 

Report Date :

07.10.2011

 

IDENTIFICATION DETAILS

 

Name :

MAY’S  BOND  (HONG  KONG)  LTD.

 

 

Registered Office :

C/o Fu Wah Int’l Business (HK) Ltd.

Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

22.04.2008

 

 

Com. Reg. No.:

39196341

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Manufacturer of Packaging materials for foodstuffs, plastic bags, 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 and address

 

MAY’S  BOND  (HONG  KONG)  LTD.

 

 

ADDRESS:      

c/o Fu Wah Int’l Business (HK) Ltd.

Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong.

 

PHONE:            2389 2981,  2793 5511

 

FAX:                 3590 2333

 

 

MANAGEMENT

 

Managing Director:  Mr. Zhuang Zhanhua

 

 

SUMMARY

 

Incorporated on:             22nd April, 2008.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Manufacturer.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Head Office:-

c/o Fu Wah Int’l Business (HK) Ltd.

Unit 04, 7/F., Bright Way Tower, 33 Mong Kok Road, Kowloon, Hong Kong.

 

Associated Company:-

Chao’an County Mei Jia Li Printing Co. Ltd.

Stone Road District, Daqiao Village, An’bu, Chao’an County, 515600 Chaozhou, Guangdong Province, China.

[Tel.: 86-768-5921145]

 

 

BUSINESS REGISTRATION NUMBER

 

 39196341

 

 

COMPANY FILE NUMBER

 

1229862

 

 

MANAGEMENT

 

Managing Director:  Mr. Zhuang Zhanhua

 

 

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

 

 

SHAREHOLDER  

(As per registry dated 22-04-2011)

 

Name

 

No. of shares

ZHUANG Zhanhua

 

10,000

=====

 

 

DIRECTOR

(As per registry dated 22-04-2011)

 

Name

(Nationality)

 

Address

ZHUANG Zhanhua

No. 3, Dongnan Lane, Guanli Park, Fuxing Area, Anbu Tow, Chao’s An County, Guangdong Province, China.

 

 

SECRETARY

(As per registry dated 22-04-2011)

 

Name

Address

Co. No.

Fu Wah Int’l Business (HK) Ltd.

Unit 04, 7/F., Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong.

1205540

 

 

HISTORY

 

The subject was incorporated on 22nd April, 2008 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 Manufacturer.

 

Lines:                           Packaging materials for foodstuffs, plastic bags, etc.

 

Employees:                   Nil.

 

Materials/Commodities:  Imports raw materials from European countries, some of the Asian countries and finished products from China.

 

Markets:                       China, Hong Kong, other Asian countries, Europe, 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$10,000.00

 

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:                      Normal.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, May’s Bond (Hong Kong) Ltd. is wholly owned by Mr. Zhuang Zhanhua who is a China merchant.  However, he is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  Zhuang is also the only director of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at ‘Unit 04, 7/F., Bright Way Tower, No. 33 Mong Kok Road, Kowloon, Hong Kong’ known as ‘Fu Wah Int’l Business (HK) Ltd.’ [Fu Wah] which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.

Your given phone and fax number belong to Fu Wah.

The subject has no employees in Hong Kong.

To our knowledge, the subject has had an associated company Chao’an County Mei Jia Li Printing Co. Ltd. [Mei Jia Li] which is a China-based firm.

Mei Jia Li was established in 1991.  At the beginning, it was a printing package factory which was specialized in confectionery production.  After 20 years’ development, it has grown into a comprehensive industrial corporation.  Not only engaged in food stuff field, it is also engaged in food packaging.

Mei Jia Li is devoted to the printing of BOPP, CPP, PE, NY, PET, MPET. MCPP, ALFILMS, head shrinking film and others.  It also manufactures multicolour-printed packing bags, vertical bags with zippers, zipper bags, frozen bags, high temperature retort pouches, vacuum bags, packing bags of detergents and other related products.

Besides, Mei Jia Li also provides customers with foodstuff, such as chocolate, jelly, hard candy, soft candy, toy candy, bubble gum, etc.

Mei Jia Li currently has about 80 employees.  Its registered capital was RMB1,580,000 Yuan.  Annual sales turnover ranges from RMB50 to 60 million Yuan.  Business is normal.  The contact person of Mei Jia Li is Zhuang Zhanhua.

It is likely that Mei Jia Li deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Mei Jia Li 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.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.19

UK Pound

1

Rs.75.92

Euro

1

Rs.65.44

 

 

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.