MIRA INFORM
REPORT
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Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG
GARLAND INT'L LTD. |
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Registered Office : |
c/o Regent CPA Ltd., Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
28.10.2009 |
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Com. Reg. No.: |
51331222 |
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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 |
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Payment
Behaviour : |
---- |
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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) |
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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
HONGKONG GARLAND INT'L LTD.
Company ADDRESS
Registered
Office:-
c/o Regent CPA Ltd.
Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.
BUSINESS REGISTRATION NUMBER
51331222
COMPANY FILE NUMBER
1385135
DATE OF INCORPORATION
28th October, 2009.
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 28-10-2010)
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Name |
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No. of shares |
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SUN Jiyou |
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10,000 ===== |
DIRECTOR
(As per registry dated 28-10-2010)
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Name (Nationality) |
Address |
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SUN Jiyou |
268, Loushi West Street, Huayang Society, Liyang Town, He County, Chaohu City, Anhui Province, China. |
SECRETARY
(As per registry dated 28-10-2010)
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Name |
Address |
Co.
No. |
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Hong Kong Daiyan Registrations Ltd. |
Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong. |
0952329 |
GENERAL
Hongkong Garland Int’l Ltd. was incorporated on 28th October, 2009 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 an accountant firm located at Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong known as Regent CPA Ltd. which is handling its correspondences and documents. The corporate secretary of the subject Hong Kong Daiyan Registrations Ltd. is located at a different address. Your given telephone and fax number, 852-3645 8129 and 852‑3545 8092 respectively, do not belong to the subject. They belong to Hong Kong Daiyan Registrations Ltd.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Mr. Sun Jiyou who is a China merchant. Sun is also the only director of the subject. Being a China ID holder, Sun currently is residing in Anhui Province, China.
The subject’s lines of business are unknown since the accountant firm declined to divulge any information about it.
The director of the subject cannot be reached as he is in China.
It is likely that the subject has got an associated company in China which is also operated by Sun. However, details are unknown.
It is 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 just over a year and six months.
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
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.18 |
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|
1 |
Rs.77.49 |
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Euro |
1 |
Rs.67.96 |
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.