MIRA
INFORM REPORT
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Report Date : |
17.10.2011 |
IDENTIFICATION DETAILS
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Name : |
EASY RISE INTERNATIONAL TRADING LTD. |
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Registered Office : |
C/o JBL Secretary Services Ltd. Room 1302, 13/F., CRE Building, 303 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.03.2005 |
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Com. Reg. No.: |
35506681 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Chemicals, Taiwan, other Asian countries, 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
EASY RISE INTERNATIONAL
TRADING LTD.
ADDRESS:
c/o JBL Secretary Services Ltd.
Room 1302, 13/F., CRE Building, 303 Hennessy Road, Wanchai,
Hong Kong.
PHONE: 2138 1668
FAX: 2877 1220
MANAGEMENT
Managing Director: Mr. Hsu Chia
Lin
SUMMARY
Incorporated on: 22nd
March, 2005.
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.
ADDRESS
Registered Head Office:-
c/o JBL Secretary Services Ltd.
Room 1302, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong.
China Associated Company:-
Easy Rise (Shenzhen) Trading Co. Ltd.
3/F., East Building, 209 Honghua Road, Futian Free Trade Zone, Shenzhen
Special Economic Zone, China.
BUSINESS REGISTRATION NUMBER
35506681
COMPANY FILE NUMBER
0957773
MANAGEMENT
Managing Director: Mr. Hsu Chia
Lin
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDERS
(As per registry dated 22-03-2011)
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Name |
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No. of shares |
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HSU Chia Lin |
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20 |
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HSU Jui Chun |
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80 |
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––– |
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Total: |
100 === |
DIRECTOR
(As per registry dated 22-03-2011)
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Name (Nationality) |
Address |
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HSU Chia Lin |
C1109, Xu Fei Hua An Garden, Mei Hua Road, Fu Tian District, Shenzhen,
China. |
SECRETARY
(As per registry dated 22-03-2011)
|
Name |
Address |
Co. No. |
|
JBL Secretary Services Ltd. |
Room 1302, 13/F., CRE Building, 303 Hennessy Road, Wanchai, Hong Kong. |
0665319 |
HISTORY
The subject was incorporated on 22nd March, 2005 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Chemicals, Taiwan, other
Asian countries, etc.
Employees: Nil.
Commodities Imported: India, etc.
Markets: China, other Asian countries,
Europe, North America, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
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, Easy Rise International Trading Ltd. is jointly owned by Mr. Hsu Jui
Chun, holding 80% interests; Mr. Hsu Chia Lin, holding 20%. Mr. Hsu Chia Lin is the only director of the
subject. The two Hsus are Taiwan
passport holders and do not have the right to reside in Hong Kong permanently. Currently, both of them are residing in
Shenzhen Special Economic Zone, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Room 1302, 13/F., CRE Building, 303 Hennessy
Road, Wanchai, Hong Kong.’ known as ‘JBL Secretary Services 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.
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 chemical trader.
The subject has got an associated company in Shenzhen Sez known as
Easy Rise (Shenzhen) Trading Ltd. [Shenzhen Easy Rise].
Shenzhen Easy Rise trades in chemicals and other commodities as
entrusted by customers in China or Taiwan.
Shenzhen Easy Rise is responsible for sourcing commodities from China
and other countries and re-exporting to Taiwan, Europe, North America, etc.
Business is just fair.
Shenzhen Easy Rise deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. Shenzhen Easy Rise
also exports commodities to foreign markets under the name of the subject and
its registered address in Hong Kong.
Shenzhen Easy Rise is jointly managed by the two Hsus.
The subject’s business in Hong Kong is not active. History in Hong Kong is over six years and
six months.
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
L/C basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
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|
1 |
Rs.77.42 |
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Euro |
1 |
Rs.67.72 |
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 |
-- |
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.