MIRA INFORM REPORT
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Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL
RESOURCES GROUP HOLDING
LTD. |
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Formerly Known As : |
GLOBAL NATURAL RESOURCES LTD |
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Registered Office : |
c/o Glory Sun Lighting Ltd., Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
24.07.2009 |
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Com. Reg. No.: |
50926571 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of lighting products, etc. |
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
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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
GLOBAL RESOURCES GROUP HOLDING LTD.
Company ADDRESS
c/o Glory Sun Lighting Ltd.
Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Managing Director: Mr. Yip Lung
SUMMARY
Incorporated on: 24th July, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Glory Sun Lighting Ltd.
Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon, Hong Kong.
Affiliated
Companies:-
Glory Sun Lighting Ltd., Hong Kong. (Same address)
Shenzhen Glory Sun Lighting Ltd., China.
BUSINESS REGISTRATION NUMBER
50926571
COMPANY FILE NUMBER
1355012
MANAGEMENT
Managing Director: Mr. Yip Lung
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 24-07-2011)
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Name |
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No. of share |
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YIP Lung |
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100 === |
DIRECTOR
(As per registry
dated 24-07-2011)
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Name (Nationality) |
Address |
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YIP Lung |
Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 24-07-2011)
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Name |
Address |
Co.
No. |
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Glory Sun Lighting Ltd. |
Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon, Hong Kong. |
1412897 |
HISTORY
The subject was incorporated on 24th July, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Global Natural Resources Ltd., name changed to the present style on 17th November, 2010.
Formerly the subject’s registered address was located at 9/F., Bel Trade Commercial Building, 3 Burrow Street, Wanchai, Hong Kong where is the operating address of a commercial service provider Crisp Business Services (HK) Ltd., moved to the present address in July 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Oil (main), etc.
Employees: Nil.
Commodities Imported: Southeast Asia, Middle East, etc.
Markets: China, Japan, India, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: As per contracted.
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, Global Resources Group Holding Ltd. is wholly owned by Mr. Yip Lung who is a Hong Kong merchant. He is also the only director of the subject.
The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.
The subject does not have its own operating office. Its registered address is in a private building located at Flat 9, 13/F., Alhambra Building, 385 Nathan Road, Kowloon, Hong Kong. This is supposed to be the residence of Yip. The residential building is not trespassed by outsiders. The subject has no employees in Hong Kong.
The subject is trading in oil and related products. Products are imported from Southeast Asia, the Middle East, etc. Oil business is its core line. Prime markets are Asian countries.
However, the subject seemed also carries other products as it has had an affiliated company known as Glory Sun Lighting Ltd. [Glory Sun] which is a Hong Kong-registered firm. Glory Sun is also located at the above-mentioned address.
Glory Sun has had an associated factory in Shenzhen Special Economic Zone, China known as Shenzhen Glory Sun Lighting Ltd. [Shenzhen Glory Sun] which is engaged in manufacturing LED lighting products for general householders and down towns.
The factory area of Shenzhen Glory Sun covers an area of 1,000 sq.m. and employing 80 employees. Besides marketing in the Greater China region, most of the products are exported to Taiwan, Japan, North America, Europe, etc.
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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.14 |
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UK Pound |
1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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.