MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HONGKONG
M.REN INTERNATIONAL LTD. |
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Registered Office : |
c/o Baililai International Group (HK) Ltd., Room 1708, Nan Fung Tower, 173 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
29.10.2010 |
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Com. Reg. No.: |
53190599 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler
of Electronic products, Electronic devices, 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 30th, 2011
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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 M.REN INTERNATIONAL LTD.
Company ADDRESS
c/o Baililai International Group (HK) Ltd.
Room 1708, Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong.
PHONE: 2545 8556
FAX: 3571 9160
MANAGEMENT
Managing Director: Mr. Wu Qiang
SUMMARY
Incorporated on: 29th October, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: Too early to obtain figure.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o Baililai International Group (HK) Ltd.
Room 1708, Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong.
Associated Company:-
Shenzhen SvCung Technologies Co. Ltd., China.
Room 361, East 4th Building, SEG Science & Technology Park, Huaqiang
North Road, Futian District, Shenzhen Special Economic Zone, China.
[Tel: 86 (755) 8376 8534, 8376
6746
Fax: 86 (755) 8376 5627
Email: Sales@88480.com ]
BUSINESS REGISTRATION NUMBER
53190599
COMPANY FILE NUMBER
1522022
MANAGEMENT
Managing Director: Mr. Wu Qiang
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
SHAREHOLDERS
(As per registry
dated 29-10-2010)
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Name |
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No. of shares |
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WU Qiang |
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5,000 |
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XU Yun |
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5,000 |
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––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 29-10-2010)
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Name (Nationality) |
Address |
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WU Qiang |
503, 5th Block, Haiwen Garden, Xuefu Road, Nanshan District, Shenzhen Special Economic Zone, China. |
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XU Yun |
1603, West Block, 2nd Phase, Cangxin Technology Square, Tianan Numerical City, 25 Tairun 4th Road, Futian District, Shenzhen Special Economic Zone, China |
SECRETARY
(As per registry
dated 29-10-2010)
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Name |
Address |
Co.
No. |
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Baililai International Group (HK) Ltd. |
Room 1708, Nan Fung Tower, 173 Des Voeux Road Central, Hong Kong. |
1071086 |
HISTORY
The subject was incorporated on 29th October, 2010 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: Electronic products, Electronic devices, etc.
Employees: Nil.
Commodities Imported: China, Europe, US, etc.
Markets: China, other Asian countries, etc.
Annual Turnover: Too early to obtain figure.
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$10,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Hongkong
M.Ren International Ltd. is equally-owned by Wu Qiang and Xu Yun, both of
whom are China merchants. The subject
has issued 10,000 ordinary shares of HK$1.00 each while each of the
shareholders holds 5,000 shares. Wu and
Xu are also directors of the subject.
They are China ID holders and do not have the right to reside in Hong
Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at ‘Room
1708, Nan Fung Tower, 173 Des Voeux Road, Central,
Hong Kong’ known as ‘Baililai International Group (HK) Ltd.’ [Baililai] which
is handling its correspondences and documents.
This firm is also the corporate secretary of the subject. Your given phone number 2545 8556 belongs to
Baililai.
The
subject has no employees in Hong Kong.
To
our knowledge, the subject has got an associated company in Shenzhen Special
Economic Zone, China known as Shenzhen SvCung Technologies Co., Ltd. [SvCung].
SvCung
acts as the agent for Tsc, Godex, Zebra, SATO, Intermec, Epson, Metrologic,
Datalogic brand bar code equipment.
Meanwhile, it still acts as the agent for the products of Taiwan CIPHER
LAB, CLEVER CODE, ARGOX, TYSSO, SCANHERO, etc.
SvCung
trades in the following products and provides clients with the following
services:
·
US Zebra mainly (Zebra), Japan SATO
(Sato ), US Intermec, EPSON, laser bar code reader, laser scanning rifle, laser
scanning platform of Metrologic (U.S.A.), serial laser products, such as CIPHER
LAB Chinese and English making an inventory machine, etc.;
bar code reader, Zebra (zebra), printer of
Semiconductor of Taiwan Company.
·
POS system integration business: Offer high-performance relevant
hardware and the card, trough equipment of POS system, POS software with
customized specialty, information management system of the market, etc.
·
Solution business: Cooperate in data collection to engage in
layer and punish with information system exactly/assembly line manage. Through promoting information to flow,
improve the speed of logistics, reduce the working intensity, improve working
efficiency, thus increase benefit, enliven in the logistics, postal service,
government, large-scale factory and other fields mainly.
·
Type the business in bar code label: The specialized bar
code is typed, offer the relevant business, technical consulting service.
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Enterprise’s website
construction and trade software development business: E-commerce, enterprises’
websites, an advertisement plan, the community forum, network popularization.
·
Business of the computer network: Agent for Lenovo’s
brand computer, server, the firewall, an exchanger, router, etc.
The
above-mentioned commodities are sourced from worldwide suppliers. Prime markets are China, other Asian
countries, Europe, North America, Australia, etc.
SvCung
has about 20 employees in China.
The
Contact Person of SvCung is Wu Qiang who is one of the shareholders of the
subject.
It
is also likely that SvCung deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. SvCung also
exports/imports commodities to/from 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 about a year.
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.49.87 |
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UK Pound |
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.52 |
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.