MIRA INFORM
REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GREAT
CHAMP INTERNATIONAL TRADING
LTD. |
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Registered Office : |
c/o Keda
Industrial (Hong Kong) Ltd., Room 2104, 21/F., Austin Plaza, 83 Austin Road,
Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
03.06.2010 |
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Com. Reg. No.: |
52491388 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of machinery and 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 : |
Small Company |
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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
|
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
GREAT CHAMP INTERNATIONAL
TRADING LTD.
Company ADDRESS
c/o Keda Industrial (Hong Kong) Ltd.
Room 2104, 21/F., Austin Plaza, 83 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2417 1739, 2866 6933
FAX: 2866 6166
MANAGEMENT
Representative: Mr. Jack Lai
SUMMARY
Incorporated on: 3rd June, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 8. (Including affiliates)
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Keda Industrial (Hong Kong) Ltd.
Room 2104, 21/F., Austin Plaza, 83 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
Affiliated/Associated
Companies:-
· Champ Will Development Ltd., Hong Kong. (Same address)
· Foshan Keda Steel Machine Works, China.
· Jiangyin Tianjiang Pharmaceutical Co. Ltd., China.
· Keda Clean Energy (Ma’anshan) Co. Ltd., China.
· Keda Industrial (Ma’anshan) Ltd., China.
· Keda Industrial Co. Ltd., China.
· Keda Stone Machinery Co. Ltd., China.
BUSINESS REGISTRATION NUMBER
52491388
COMPANY FILE NUMBER
1464502
MANAGEMENT
Representative: Mr. Jack Lai
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry
dated 24-06-2011)
|
Name |
|
No. of share |
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Nobel Asia Holdings Ltd. OMC Chambers, Wickhams Cay I, Road Town, Tortola, British Virgin Islands. |
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1 = |
DIRECTOR
(As per registry
dated 03-06-2011)
|
Name |
Address |
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Nobel Asia Holdings Ltd. |
OMC Chambers, Wickhams Cay I, Road Town, Tortola, British Virgin Islands. |
SECRETARY
(As per registry
dated 03-06-2011)
|
Name |
Address |
Co.
No. |
|
H & R Block (HK) Ltd. |
Room 504, 5/F., Tung Wai Commercial Building, 109-111 Gloucester Road, Wanchai, Hong Kong. |
0113523 |
HISTORY
The subject was incorporated on 3rd June, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Initially the subject’s registered address was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong, moved to the present address with effect from 15th June, 2010.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of machinery and equipment.
Employees: 8. (Including affiliates)
Commodities Imported: India, China, Europe, etc.
Markets: 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$1.00
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 contracted.
Commercial Morality: Satisfactory.
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 1 ordinary share of HK$1.00, Great Champ International Trading Ltd. was wholly-owned by GNL10 Ltd. which is a nominee firm. However, GNL10 Ltd. transferred the single share to Nobel Asia Holdings Ltd. [Nobel Asia] which is a BVI-registered firm on 24th June, 2011. Since then, Nobel Asia has become the holding company of the subject.
The subject does not have its own operating office. Its registered office is in a Hong Kong-registered firm located at Room 2104, 21/F., Austin Plaza, 83 Austin Road, Tsimshatsui, Hong Kong known as Keda Industrial (Hong Kong) Ltd. [Keda HK] which is handling its correspondences and documents. The subject and Keda HK have the same corporate secretary known as H & R Block (HK) Ltd. The director of the subject is a BVI‑registered firm known as Nobel Asia Holdings Ltd.
It is likely that the subject is an affiliated company of Keda HK. Keda HK is a wholly-owned subsidiary of Keda Industrial Co. Ltd. [Keda] which is a listed firm in Shanghai bearing stock code 600499.
Keda has had a main factory in Foshan City, Guangdong Province, China known as Foshan Keda Steel Machine Works which was set up in December 1982.
Keda is principally engaged in the manufacture and sale of machinery and equipment. Its machinery products include ceramics machinery, energy resource machinery, natural and artificial stone machinery and building materials processing machinery. The ceramics machinery products include cloth processing machine, turn over machine, desiccator, drying apparatus, furnace, buffing machine, edge grinding machine, testing equipment, stacking apparatus and others. Keda’s products are distributed in China and exported to overseas markets.
Now, Keda has the following four major divisions:
1. Ceramics Tile Division
2. Building Bricks Division
3. Natural & Artificial Stone Division
4. New Power Division
The Ceramics Tile Division is closely related to Natural & Artificial Stone Division while Building Bricks Division is closely related to New Power Division.
The Foshan factory covers a site area of about 147,000 sq.m. while its building area is about 100,500 sq.m.
Keda HK is managed by Mr. Bian CHENG who is a China businessman. Bian CHENG is also the General Manager and Director of Keda.
For the year ended 31st December, 2010, the principal operating revenue of Keda was RMB2,064.7 million Yuan (2009: RMB1,425.7 million); profit attributable to shareholders was RMB241.0 million Yuan for the year (2009: RMB179.9 million Yuan).
It is likely that the subject is trading in the products of Keda and responsible for sourcing raw materials for it.
The subject’s business in Hong Kong is not very active. Business in Hong Kong is just over a year and two months.
Since the subject does not have its own operating office and has a short history in Hong Kong, consider it good for business engagements on secured basis for the time being.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.79 |
|
UK Pound |
1 |
Rs.75.06 |
|
Euro |
1 |
Rs.65.35 |
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 |
|
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 |
|
<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.