MIRA INFORM REPORT

 

 

Report Date :           

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

VERDANT  INTERNATIONAL  CO.

 

 

Registered Office :

16/F., Supreme Commercial Building, 368 King’s Road, North Point

 

 

Country :

Hong Kong 

 

 

Date of Incorporation :

21.05.2007

 

 

Com. Reg. No.:

37960219-000-05

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of frozen meat, etc.

 

 

No. of Employees :

06 (Including affiliate)

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

VERDANT  INTERNATIONAL  CO.

 

 

Company ADDRESS

 

16/F., Supreme Commercial Building, 368 King’s Road, North Point, Hong Kong.

PHONE:            2887 8422

FAX:                 2787 9699

 

 

MANAGEMENT

 

Manager:  Mr. Yeung Yeung, Alex

 

 

SUMMARY

 

Establishment:                          21st May, 2007.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   6.  (Including affiliate)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

16/F., Supreme Commercial Building, 368 King’s Road, North Point, Hong Kong.

 

Affiliated Company:-

Qualink Enterprise Co., Hong Kong.  (Same address)

 

Associated Company:-

Verdant International Co.

Luoxi, Panyu, Guangzhou, Guangdong Province, China.

[Tel: 86-20-3993 1705;  Fax: 86-20-3993 1702]

 

 

BUSINESS REGISTRATION NUMBER

 

37960219-000-05

 

 

MANAGEMENT

 

Manager:  Mr. Yeung Yeung, Alex

 

 

SOLE PROPRIETOR

 

Name:                           Mr. YEUNG Yeung, Alex

Residential Address:      Room 1205, 12/F., Block 25, Heng Fa Chuen, 100 Shing Tai Road, Hong Kong.

 

 

HISTORY

 

The subject was established on 21st May, 2007 as a sole proprietorship concern owned by Mr. Yeung Yeung, Alex under the Hong Kong Business Registration Regulations.

 

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of frozen meat, etc.

 

Employees:                   6.  (Including affiliate)

 

Commodities Imported:   Europe, North and South America, Australia, New Zealand, etc.

 

Markets:                       China, Japan, other Asian countries, North America, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making rather 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:                      Normal.

 

 

GENERAL

 

Verdant International Co. is a sole proprietorship set up and owned by Mr. Yeung Yeung, Alex who is a Hong Kong merchant.

Business commenced in May 2007, the subject is a frozen meat and foodstuff trader.

The subject has had an affiliated company Qualink Enterprise Co. [Qualink] located at its operating address.  Qualink is also a frozen foodstuff trader.

The subject has had a main office in Panyu, Guangzhou City, Guangdong Province, China.

The subject is trading in frozen pork, beef, mutton, chicken, etc.  Products are imported from Europe, North and South America, Australia, New Zealand, etc.  Prime markets are China, Japan, other Asian countries, North America, etc.  Business is normal.

Qualink seems to be a business partner of the subject.

The subject’s business is chiefly handled by Yeung Yeung, Alex himself.  History in Hong Kong is just about five years.

On the whole, consider the subject good for normal business engagements in moderate credit amounts.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.