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Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
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Name : |
MAXON
(HONG KONG) TRADING
LTD. |
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Registered Office : |
c/o Maswell Group (Hong Kong) Ltd., Room 1401, 14/F., Cambridge House, 26-28 Cameron Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.07.2005 |
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Com. Reg. No.: |
35830347 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Ceramic materials, etc. |
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No. of Employees : |
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 office in Hong Kong |
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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) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
MAXON (HONG
KONG) TRADING LTD.
c/o Maswell Group (Hong Kong) Ltd.
Room 1401, 14/F., Cambridge House, 26-28 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2770 3329
FAX: 2770 3362
Managing Director: Mr. Zhang Bin
Incorporated on: 15th July, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o Maswell Group (Hong Kong) Ltd.
Room 1401, 14/F., Cambridge House, 26-28 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
Associated
Company:-
Guangzhou Shangyear Ceramic Material Co. Ltd., China.
35830347
0983460
Managing Director: Mr. Zhang Bin
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 15-07-2012)
|
Name |
|
No. of shares |
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HUA Ri Nian |
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5,000 |
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ZHANG Bin |
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5,000 |
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|
–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 15-07-2012)
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Name (Nationality) |
Address |
|
ZHANG Bin |
Room 905, Slide 2, Block A, Qinghui Little District, No. 31 Gongyuan Qian Road, Xinhua Town, Huadu Area, Guangzhou City, China. |
|
HUA Ri Nian |
Room 905, Slide 2, Block A, Qinghui Little District, No. 31 Gongyuan Qian Road, Xinhua Town, Huadu Area, Guangzhou City, China. |
(As per registry
dated 15-07-2012)
|
Name |
Address |
Co.
No. |
|
Maswell Group (Hong Kong) Ltd. |
Room 1401, 14/F., Cambridge House, 26‑28 Cameron Road, Tsimshatsui, Kowloon, Hong Kong. |
1249574 |
The subject was incorporated on 15th July, 2005 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.
Activities: Importer, Exporter and Wholesaler.
Lines: Ceramic materials, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Maxon (Hong Kong) Trading Ltd. is equally owned by Ms. Hua Ri Nian and Mr. Zhang Bin, both of whom are China merchants. They are China ID 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 “Room 1401, 14/F., Cambridge House, 26-28 Cameron Road, Tsimshatsui, Kowloon, Hong Kong” known as “Maswell Group (Hong Kong) 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 Guangzhou Shangyear Ceramic Material Co. Ltd. [Shangyear] which is in Guangzhou, Guangdong Province, China.
Shangyear is an expert in manufacturing ceramics materials and its factory is located in Hudu District, Guangzhou, China. Shangyear’s factory has been equipped with grinding machines, drying machines, briquette making machines and crushing machine systems, etc.
It has foreign customers in Taiwan, South Korea, Japan, Vietnam, Indonesia, India, Malaysia, the Philippines and the United Kingdom, etc.
Its products: Acid grade Fluorspar powder 85% to 98% min., fluorspar briquette 85%min., Fluorspar lumps 70% to 95% min., Sodium feldspar grain and powder, Potassium feldspar grain and powder, Pottery stone grain and powder, Talc grain and calcine Talc powder, Nepheline powder, Ball clay, etc.
The subject’s business in Hong Kong is not active. History in Hong Kong is over seven years.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
|
UK Pound |
1 |
Rs.86.40 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
|
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 |
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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 |
---- |
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.