MIRA INFORM REPORT
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Report Date : |
06.09.2011 |
IDENTIFICATION DETAILS
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Name : |
D&R INDUSTRIES CO. LTD. |
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Registered Office : |
c/o Gorgeous Wealth Ltd., Room 2103, 21/F., Far East Consortium Building, 121 Des Voeux Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.01.2007 |
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Com. Reg. No.: |
37517527 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer, Importer and Exporter of all kinds of food processing and food packaging equipment |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
D&R INDUSTRIES
CO. LTD.
Company ADDRESS
c/o Gorgeous Wealth Ltd.
Room 2103, 21/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.
PHONE: 2191 2999
FAX: 2694 8597
E-MAIL: danielge20@gmail.com
MANAGEMENT
Managing Director: Mr. Ge Hongyu, Daniel
SUMMARY
Incorporated on: 8th January, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Manufacturer, Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fairly satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Gorgeous Wealth Ltd.
Room 2103, 21/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong.
Associated
Companies:-
D&R Sweet Industrial Machine Ltd., China & Israel.
Ninghai D&R Industries Co. Ltd.
Room 1009, 10/F., Jinrong Building, 138 Jiangdong North Road, Ningbo City, Zhejiang Province, China.
[Tel: 86-574-8783 0056; Fax: 86-574-8783 9559]
BUSINESS REGISTRATION NUMBER
37517527
COMPANY FILE NUMBER
1100498
MANAGEMENT
Managing Director: Mr. Ge Hongyu, Daniel
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 08-01-2011)
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Name |
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No. of shares |
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GE Hongyu |
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10,000 ===== |
DIRECTOR
(As per registry
dated 08-01-2011)
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Name (Nationality) |
Address |
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GE Hongyu |
Room 1009, 10/F., Jinrong Building, 138 Jiangdong North Road, Ningbo City, Zhejiang Province, China. |
SECRETARY
(As per registry
dated 08-01-2011)
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Name |
Address |
Co.
No. |
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Gorgeous Wealth Ltd. |
Room 2103, 21/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong. |
0793737 |
HISTORY
The subject was incorporated on 8th January, 2007 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: Manufacturer, Importer and Exporter.
Lines: All kinds of food processing and food packaging equipment.
Employees: Nil.
Commodities Imported: India, Israel, other European countries, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: As per contracted.
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: 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 10,000 ordinary shares of HK$1.00 each, D&R Industries Co. Ltd. is wholly owned by Mr. Ge Hongyu who is a China merchant. He is also the only director of the subject. He is a China ID holder and does 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 2103, 21/F., Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong known as Gorgeous Wealth 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 has had an associated company known as Ninghai D&R Industries Co. Ltd. [Ninghai D&R] which is also operated by Ge Hongyu. Your give phone number 86-574-8783 0056 and fax number 86‑574‑8783 9559 belong to this firm.
The subject and Ninghai D&R are engaged in the same lines of business, more or less.
Ninghai D&R is trading in the following commodities: candy machinery, soft candy processing line, hard candy processing plant, starch mogul line, chocolate production line, candy packing machine, flashlights and torches, lollipop production line, automatic feed packaging line and packaging machines, etc. Ninghai D&R also offers clients with a turn-key project. It provide designing, manufacturing and assembling of small to medium food and beverage production lines according to the specifications of its clients.
Ninghai D&R has set up branch offices in Turkey and Israel. The former is responsible for the Middle East market while the latter for the Europe and the US market. The business of Ninghai D&R is administered by Mr. Daniel Ge.
It is likely that Ninghai D&R deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Ninghai D&R 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.
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.45.94 |
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UK Pound |
1 |
Rs.74.28 |
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Euro |
1 |
Rs.64.97 |
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.