MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SHEEN
CHIEF INTERNATIONAL LTD. |
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Registered Office : |
c/o HongKong Huasheng Registrations Ltd., Room 1701, 17/F., Henan Building, No. 90, Jaffe Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.08.2006 |
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Com. Reg. No.: |
37251064 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
---- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No operating Office in Hong Kong |
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Payment
Behaviour : |
---- |
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Litigation : |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Hong Kong
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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
SHEEN CHIEF
INTERNATIONAL LTD.
Company ADDRESS
Registered Head Office:-
c/o HongKong Huasheng Registrations Ltd.
Room 1701, 17/F., Henan Building, No. 90, Jaffe Road, Wanchai, Hong Kong.
BUSINESS REGISTRATION NUMBER
37251064
COMPANY FILE NUMBER
1067891
DATE OF INCORPORATION
17th August, 2006.
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 17-08-2011)
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Name |
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No. of shares |
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FU Hongli |
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10,000 ===== |
DIRECTOR
(As per registry
dated 17-08-2011)
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Name (Nationality) |
Address |
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FU Jing |
Room 806, Jun Hao Ge, Dong Fang Hao Yuan, Xia Cheng, District, Hang Zhou, China. |
SECRETARY
(As per registry
dated 17-08-2011)
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Name |
Address |
Co.
No. |
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HongKong Huasheng Registrations Ltd. |
Room 1701, 17/F., Henan Building, No. 90, Jaffe Road, Wanchai, Hong Kong. |
1268633 |
GENERAL
Sheen Chief International Ltd. was incorporated on 17th August, 2006 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 1701, 17/F., Henan Building, No. 90, Jaffe Road, Wanchai, Hong Kong’ known as ‘HongKong Huasheng Registrations Ltd.’ which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary share of HK$1.00 which are owned by Mr. Fu Hongli who is a China merchant.
Formerly the shares held by Fu Hongli were held by Mr. Fu Jing. Fu Jing transferred all his shares to Fu Hongli on 21st June, 2011. The two Fus seemed belong to the same family.
Fu Jing is the only director of the subject. Currently the two Fus are residing in Zhejiang Province, China.
The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.
The director and shareholder of the subject cannot be reached as they are in China. It is likely that the subject is a textile product and fabric trader.
It is likely that the subject has got an associated company in Zhejiang Province, China which is also operated by the Fus.
It is also likely that the China firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The China firm 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 active. History in Hong Kong is over five years and a month.
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.49.02 |
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UK Pound |
1 |
Rs.77.13 |
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Euro |
1 |
Rs.67.56 |
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.