MIRA INFORM REPORT

 

 

Report Date :           

17.10.2011

 

IDENTIFICATION DETAILS

 

Name :

BEIJING LUCKYSTAR  (HONGKONG)  CO.  LTD.

 

 

Formerly Known As :

PF Industrial Ltd

 

 

Registered Office :

c/o SBC Corporate Services Ltd., Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

12.04.2010

 

 

Com. Reg. No.:

52069232

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

----

 

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 in Hong Kong

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

BEIJING  LUCKYSTAR  (HONGKONG)  CO.  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o SBC Corporate Services Ltd.

Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong.

 

Affiliated Companies:-

Beijing Portfortune Industrial Ltd.

2/F., International Conference Centre, 8 Beichen East Road, Chaoyang District, Beijing, China.

 

Portfortune Industrial Ltd.

c/o SBC Corporate Services Ltd.

Room 1006, 10/F., Carnarvon Plaza, 20 Carnarvon Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

52069232

 

 

COMPANY FILE NUMBER

 

1441514

 

 

DATE OF INCORPORATION

 

12th April, 2010.

 

 

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 12-04-2011)

 

Name

 

No. of shares

TIAN Ke Xin

 

10,000

=====

 

 

DIRECTOR    

(As per registry dated 12-04-2011)

 

Name

(Nationality)

 

Address

TIAN Ke Xin

Room 18E, Block F, Hua Ting Jia Yuan, No. 6, North Four Middle Road, Chao Yang District, Beijing, China.

 

 

SECRETARY 

(As per registry dated 01-09-2011)

 

Name

Address

Co. No.

SBC Corporate Services Ltd.

Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

0618863

 

 

GENERAL

 

Beijing Luckystar (Hongkong) Co. Ltd. was incorporated on 12th April, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of PF Industrial Ltd., name changed to the present style on 29th July, 2010.

Having issued 10,000 ordinary shares of HK$1.00 each, the subject is wholly‑owned by Mr. Tian Ke Xin who is a China merchant residing in Beijing, China.  Tian, who cannot be reached, is also the only director of the subject and holding a China ID card.

The subject does not have its own office.  Its registered office is in a commercial service firm located at Unit 503, 5/F., Silvercord Tower 2, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong known as SBC Corporate Services Ltd. [SCS] (Tsimshatsui Branch) which is handling its correspondences and documents.  SCS has had a number of offices in Hong Kong.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

To our knowledge, the subject is trading in electrical products, machinery and equipment, hardware, etc.

The subject has had two associated companies known as Beijing Portfortune Industrial Ltd. which is in Beijing and Portfortune Industrial Ltd. [PI] which is in Hong Kong.  Both firms are also operated by Mr. Tian Ke Xin.

In Hong Kong, the subject and PI have no employees.  The subject and PI are engaged in the same lines of business, more or less.

The subject has been banking with Standard Chartered Bank (Hong Kong) Ltd. (formerly known as Standard Chartered Bank), it was reported.

The Beijing 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 Beijing 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 very active.  History is just over one year and six months.

Since the subject does not have its own office and has no employees in Hong Kong, consider it good for business engagements on secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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.