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Report Date : |
09.08.2012 |
IDENTIFICATION DETAILS
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Name : |
DYMAK CHINA LTD. |
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Registered Office : |
Unit 1907, 19/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.08.2008 |
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Com. Reg. No.: |
39720867 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Arts and crafts, novelties,
office equipment and supplies, wooden products, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
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 : |
Moderate |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
DYMAK CHINA LTD.
ADDRESS
c/o Dynamic Sino Services Ltd.
Unit 1907, 19/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai,
Hong Kong.
PHONE: 3583 0618
FAX: 3583 0768
E-MAIL: info@dymak.dk
louis@dymak.cn
Managing Director: Mr. Yu Lin
Incorporated on: 27th August, 2008.
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.
DYMAK CHINA
LTD.
Registered Head
Office:-
c/o Dynamic Sino Services Ltd.
Unit 1907, 19/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai,
Hong Kong.
Holding Company:-
Dymak A/S, Denmark.
Associated
Companies:-
Dymak Holland BV, the Netherlands.
Dymak India Services Ltd., India.
Dymak S.r.l., Italy.
Dymak USA, LLC, USA.
Dymak Xiamen Import & Export Co. Ltd., China.
39720867
1267947
Managing Director: Mr. Yu Lin
Nominal Share Capital: HK$10,000.00 (Divided into 1,000 shares of
HK$10.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDER
(As per registry dated 27-08-2011)
|
Name |
Occupation |
No. of shares |
|
Dymak A/S Holkebjergvej 120, DK-5250 Odense SV, Denmark. |
Corporation |
1,000 ==== |
(As per registry dated 27-08-2011)
|
Name (Nationality) |
Address |
|
YU Lin |
Room 601, 23 Qiao Wen Subdistrict, Si Ming Area, Xiamen, Fujian 361000,
China. |
(As per registry dated 27-08-2011)
|
Name |
Address |
Co. No. |
|
Dynamic Sino Services Ltd. |
Unit 1907, 19/F., Dominion Centre, 43‑59 Queen’s Road East,
Wanchai, Hong Kong. |
0507652 |
The subject was incorporated on 27th August, 2008 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: Arts and crafts, novelties, office equipment
and supplies, wooden products, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: Denmark, other European countries,
Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: As per contracted.
Nominal Share Capital: HK$10,000.00
(Divided into 1,000 shares of HK$10.00 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.
Dymak China Ltd. is a wholly-owned subsidiary of Dymak A/S which is a
Denmark-based firm.
The director of the subject Yu Lin is a China merchant who is residing
in Xiamen Special Economic Zone, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit 1907, 19/F., Dominion Centre, 43‑59 Queen’s
Road East, Wanchai, Hong Kong known as Dynamic Sino Services Ltd. which is
handling its correspondences and documents.
This firm is also the corporate secretary of the subject. It has no employees in Hong Kong.
The subject has a main associated company in Xiamen known as Dymak
Xiamen Import & Export Co. Ltd. [Dymak Xiamen] which is in Xiamen Special
Economic Zone, China.
The subject and Dymak Xiamen belong to the Dymak Group [Dymak/Group].
Dymak is an international trading company which has its headquarters in
Denmark. Its core competences are
commodities sourcing and logistics. Most
of the products are sourced from China.
The Group has been building a competitive network of suppliers as well
as creating those personal connections upon which efficient trade with China is
based.
Set up in September 2006, Dymak Xiamen has about 30 employees. It is specialized in crafts trading and
sourcing. Currently it is trading in the
following commodities:-
Arts & Crafts and Novelties;
Office Equipment and Supplies; &
Wooden products and wooden crafts, etc.
Products are sourced from China and exported to Denmark, other European
countries, Asian countries, etc.
Business is rather active.
The director of Dymak A/S is Mr. Soren Offer Madsen.
The subject’s business in Hong Kong is not active. History in Hong Kong is about four 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
|
|
1 |
Rs.86.00 |
|
Euro |
1 |
Rs.68.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.