MIRA INFORM REPORT

 

 

Report Date :           

20.04.2012

 

IDENTIFICATION DETAILS

 

Name :

JD  OCEAN  INTERNATIONAL  CO.  LTD.

 

 

Registered Office :

c/o Hong Kong Secretarial Co., 25/F., Multfield Centre, 426 Shanghai Street, Mongkok, Kowloon.

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

30.12.2010

 

 

Com. Reg. No.:

53558226

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

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

 

 

No. of Employees :

01

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company  

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

 

JD  OCEAN  INTERNATIONAL  CO.  LTD.

 

 

Company ADDRESS

 

c/o Hong Kong Secretarial Co.

25/F., Multfield Centre, 426 Shanghai Street, Mongkok, Kowloon, Hong Kong.

PHONE:            9062 8583

FAX:                 2771 5955

 

 

MANAGEMENt

 

Managing Director:  Mr. Deng Jie

 

 

SUMMARY

 

Incorporated on:             30th December, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employee:                     1.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Hong Kong Secretarial Co.

25/F., Multfield Centre, 426 Shanghai Street, Mongkok, Kowloon, Hong Kong.

 

Associated Company:-

Guangzhou Jieda Trading Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

53558226

 

 

COMPANY FILE NUMBER

 

1545988

 

 

MANAGEMENT

 

Managing Director:  Mr. Deng Jie

 

 

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 30-12-2011)

 

Name

 

No. of shares

DENG Jie

 

5,100

FANG Fang

 

4,900

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTORS

(As per registry dated 30-12-2011)

 

Name

(Nationality)

 

Address

DENG Jie

Room 308, 3/F., Courtyard 2, You Cheng Road 6, Maonan District, Maoming, Guangdong Province, China.

 

FANG Fang

25/F., Multfield Centre, 426 Shanghai Street, Mong Kok, Kowloon, Hong Kong.

 

 

SECRETARY 

 

FANG Fang  (As per registry dated 30-12-2011)

 

 

HISTORY

 

The subject was incorporated on 30th December, 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:                           All kinds of frozen meat, etc.

           

Employee:                     1.

 

Commodities Imported:   Europe, North & South America, Australia, etc.

 

Markets:                       China, other Asian countries, 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$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:                         Bank of China (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Small.

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, JD Ocean International Co., Ltd. is jointly owned by Mr. Deng Jie, holding 51% interests; and Ms. Fang Fang, holding 49%.  Being China merchants, they are China ID Card holders and do not have the right to reside in Hong Kong permanently.  They are also directors of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 25/F., Multfield Centre, 426 Shanghai Street, Mongkok, Kowloon, Hong Kong which is handling its correspondences and documents.

The subject has a representative in Hong Kong who can be reached at the mobile phone number 852-9062 8583.

The subject has had an associated company Guangzhou Jieda Trading Co. Ltd. [Jieda] which is in Guangzhou City, Guangdong Province, China.

Establish in 2006, Jieda is trading in all kinds of frozen meat such as frozen pork, beef, mutton, chicken, etc.  Products are imported from Europe, North America, South America, New Zealand, Australia, etc.  Jieda’s prime market is China.  Its business covers over fifty large cities of China.  Besides, it exports frozen meat to more than countries of the world.

In 2011, Jieda set up its own chain stores known as ‘Jason Beef Store’ which are engaged in retailing all kinds of frozen meat and frozen foodstuffs.  Business is improving.

The subject is responsible for sourcing products for Jieda which is in China.

It is likely that Jieda 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 China firm also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s history in Hong Kong is just a year and three months.

Since the subject does not have its own operating office and has just one employee in Hong Kong, consider it good for business engagements on secured basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.89

UK Pound

1

Rs.83.18

Euro

1

Rs.68.06

 

 

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.