MIRA INFORM
REPORT
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Report Date : |
17.04.2012 |
IDENTIFICATION DETAILS
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Name : |
SAMWAY
INTERNATIONAL LTD. |
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Registered Office : |
c/o Wealth River Business Consultant Ltd., Flat B, 11/F., |
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Country : |
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Date of Incorporation : |
31.12.2010 |
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Com. Reg. No.: |
53558909 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees
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Not Available |
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 in |
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Payment
Behaviour : |
Unknown |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
SAMWAY INTERNATIONAL LTD.
Registered
Office:-
c/o Wealth River Business Consultant Ltd.
Flat B, 11/F., Wing Tat Commercial Building, 121‑125 Wing Lok Street, Sheung Wan, Hong Kong.
53558909
1546823
31st December, 2010.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 31-12-2011)
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Name |
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No. of shares |
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YANG Xiao Ping |
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10,000 ===== |
(As per registry
dated 31-12-2011)
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Name (Nationality) |
Address |
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YANG Xiao Ping |
Room 705, 9 Dong, Jin Bi Shi Ji Hua Yuan, Huang Pu District, Guangzhou, China. |
(As per registry
dated 31-12-2011)
|
Name |
Address |
Co.
No. |
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Wealth River Business Consultant Ltd. |
Flat B, 11/F., Wing Tat Commercial Building, 121‑125 Wing Lok Street, Sheung Wan, Hong Kong. |
1207840 |
Samway International Ltd. was incorporated on 31st December, 2010 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 a commercial service firm located at Flat B, 11/F., Wing Tat Commercial Building, 121‑125 Wing Lok Street, Sheung Wan, Hong Kong known as Wealth River Business Consultant 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.
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. Yang Xiao Ping who is a China merchant. He is also the only director of the subject. Currently residing in Guangzhou, Guangdong Province, China, Yang is a China ID Card holder and does not have the right to reside in Hong Kong permanently. The director of the subject cannot be reached as he is in China.
The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.
No information of the subject can be obtained from our secondary sources. It is likely that the subject has got an associated company in Guangzhou, Guangdong Province, China which is also operated by Yang. It is also 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 subject’s business in Hong Kong is not active. History in Hong Kong is just over three 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.66 |
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UK Pound |
1 |
Rs.81.80 |
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Euro |
1 |
Rs.67.18 |
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.