MIRA INFORM REPORT

 

 

Report Date :           

10.10.2011

 

IDENTIFICATION DETAILS

 

Name :

YONG  HUA  TRADING  PTE  LTD.

 

 

Registered Office :

Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.0.52007

 

 

Com. Reg. No.:

37953719

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

---

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Deregistered

 

 

Payment Behaviour :

---

 

 

Litigation :

---

 

 

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

 

YONG  HUA  TRADING  PTE  LTD.

 

 

Company ADDRESS

 

Registered Office:-

Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

37953719

 

 

COMPANY FILE NUMBER

 

1133628

 

 

DATE OF INCORPORATION

 

17th May, 2007.

 

 

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 17-05-2009)

 

Name

 

No. of shares

DENG Yangmei

 

100

===

 

 

DIRECTOR    

(As per registry dated 17-05-2009)

 

Name

(Nationality)

 

Address

DENG Yangmei

15D Yiyage, Juyayuan, Futian, Shenzhen, China.

 

 

SECRETARY 

(As per registry dated 17-05-2009)

 

Name

Address

Co. No.

ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building,
208-212 Nathan Road, Kowloon, Hong Kong.

768611

 

 

GENERAL

 

Please be advised that Yong Hua Trading Pte Ltd. was a private limited company which applied for deregistration on 21st June, 2010.  It was formally deregistered on 5th November, 2010.

Before applying for deregistration, the subject was located at Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong where is the operating office of a commercial service provider ATA Corporate Formation & Management Ltd.  The subject did not have its own operating office in Hong Kong.  It also did not have any employees.

Given phone number 852-2783 7818 and fax number 852-2718 7918 belong to ATA Corporate Formation & Management Ltd. [ATA].  Mr. Carison Chan is an employee of ATA.

According to the Companies Registry of Hong Kong, the subject was incorporated on 17th May, 2007.  Having issued 100 ordinary shares of HK$1.00 each, the subject was wholly-owned by Ms. Deng Yangmei who is a China businesswoman.  Deng was also the only director of the subject.  She is a China ID holder and residing in Futian District, Shenzhen Special Economic Zone, China.

The subject’s lines of business were unknown to us.

Since the subject has been dissolved by deregistration, consider it not suitable for any business engagements.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.