MIRA INFORM REPORT

 

 

Report Date :           

12.10.2011

 

IDENTIFICATION DETAILS

 

Name :

TOP  STEP  DEVELOPMENT  LTD.

 

 

Registered Office :

c/o Everbest Secretarial Ltd., Room 1705-1706, 17/F., President Commercial Centre, 608 Nathan Road, Mongkok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

17.03.2000

 

 

Com. Reg. No.:

30786854

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Feedstuff Trader

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating Office

 

 

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  

 

TOP  STEP  DEVELOPMENT  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Everbest Secretarial Ltd.

Room 1705-1706, 17/F., President Commercial Centre, 608 Nathan Road, Mongkok, Kowloon, Hong Kong.

[Tel: 2332 5808;  Fax: 2388 1034]

 

 

BUSINESS REGISTRATION NUMBER

 

30786854

 

 

COMPANY FILE NUMBER

 

0708470

 

 

DATE OF INCORPORATION

 

17th March, 2000.

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$7,000.00

 

 

SHAREHOLDERS

(As per registry dated 17-03-2011)

 

Name

 

No. of shares

CHAN Wing Leung

 

6,999

CHAN Choi Fai

 

1

 

 

–––––

 

Total:

7,000

====

 

 

DIRECTORS  

(As per registry dated 17-03-2011)

 

Name

(Nationality)

 

Address

CHAN Choi Fai

Room 1414, Sun Hing Building, 607 Nathan Road, Mongkok, Kowloon, Hong Kong.

 

CHAN Wing Leung

G/F., 1 Fung Kit Heung, Yuen Long, New Territories, Hong Kong.

 

 

SECRETARY

(As per registry dated 17-03-2011)

 

Name

Address

Co. No.

Everbest Secretarial Ltd.

Room 1705-1706, 17/F., President Commercial Centre, 608 Nathan Road, Mongkok, Kowloon, Hong Kong.

0160492

 

 

GENERAL

 

Top Step Development Ltd. was incorporated on 17th March, 2000 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1705-1706, 17/F., President Commercial Centre, 608 Nathan Road, Mongkok, Kowloon, Hong Kong known as Everbest Secretarial Ltd. which is handling its correspondences and documents.  Everbest Secretarial Ltd. is also the corporate secretary of the subject.

Your given phone number 2332 5808 and fax number 2388 1034 belong to Everbest Secretarial Ltd.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 7,000 ordinary shares of HK$1.00 each of which 6,999 shares are owned by Mr. Chan Wing Leung while the other single share is owned by Mr. Chan Choi Fai.  The two Chans are Hong Kong businessmen.  They are also directors of the subject.

Mr. Tan Xiangping was the old director of the subject.  Tan was a China merchant holding a China ID and currently residing in Xiang Tan City, Hunan Province, China.

The subject is a feedstuff trader.  It is engaged in importing feedstuffs from Southeast Asian countries and re-exporting to China.  At present, it is still looking for “peanut meal (cake)” suppliers for animals.  The demand is 200 metric tonnes per month.  It is also looking for wheat barn which will be marketed in China.  Monthly consumption is about 5 to 600 tons.

The subject is trading in the following commodities for feedstuff industry: groundnut hull meal, yellow maize corn, white maize corn, apple pomace pellet, rice bran, wheat bran, soybean meal, etc.

Payment term usually in D/P at sight through The Bank of East Asia Ltd. which is a Hong Kong-based bank.

It is likely that most of the commodities are marketed in Xiang Tan City, Hunan Province, China where Tan Xiangping has had business concerns in the City.

In Hong Kong, the subject’s business is chiefly handled by Chan Wing Leung.

On the whole, 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.

 

COURT CASES:            None per our.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.03

UK Pound

1

Rs.76.60

Euro

1

Rs.66.80

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.