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Report Date : |
11.08.2012 |
IDENTIFICATION DETAILS
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Name : |
HUGO ENTERPRISE INTERNATIONAL CO.
LTD. |
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Registered Office : |
Unit 607, 6/F., Westley Square,
48 Hoi Yuen Road, Kwun Tong, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
11.09.2007 |
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Com. Reg. No.: |
38384909 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Films, DVD films, CDs, etc. |
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No. of Employees : |
04. (Including affiliate) |
RATING & COMMENTS
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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 : |
Small Company |
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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 – 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 |
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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 |
HUGO ENTERPRISE
INTERNATIONAL CO. LTD.
Unit 607, 6/F., Westley Square, 48 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.
PHONE: Not available
Managing Director: Mr. Chu Wai Hung, Stephen
Incorporated on: 11th September, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4. (Including affiliate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 607, 6/F., Westley Square, 48 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.
Affiliated
Company:-
S Entertainment Ltd., Hong Kong. (Same address)
(See attachment)
38384909
1166042
Managing Director: Mr. Chu Wai Hung, Stephen
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 11-09-2011)
|
Name |
|
No. of shares |
|
CHU Wai Hung, Stephen |
|
10,000 ===== |
(As per registry
dated 11-09-2011)
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Name (Nationality) |
Address |
|
CHU Wai Hung, Stephen |
Unit 607, 6/F., Westley Square, 48 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. |
(As per registry
dated 11-09-2011)
|
Name |
Address |
Co.
No. |
|
FS Accounting & Corporate Services Ltd. |
Room 2106, 21/F., Lemmi Centre, 50 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. |
1478194 |
The subject was incorporated on 11th September, 2007 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: Films, DVD films, CDs, etc.
Employees: 4. (Including affiliate)
Commodities Imported: Japan, South Korea, China, Europe, US, etc.
Markets: Hong Kong, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
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: 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: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Hugo Enterprise International Co. Ltd. is wholly owned by Mr. Chu Wai Hung, Stephen who is a Hong Kong merchant. He is also the only director of the subject.
The subject has had an affiliated company S Entertainment Ltd. [SEL], also a Hong Kong-registered company, located at its operating address. The subject and SEL are engaged in the same lines of business, more or less.
The subject is a film, DVD film, CD film trader. It is also engaged in the other entertainment activities.
The subject’s commodities are imported from Japan, South Korea, China, Europe, the United States or acquired from local suppliers. Prime markets are Hong Kong, China, other Asian countries, etc.
Incorporated on 28th July, 2008, SEL is a wholly owned subsidiary of CTZH Ltd. [CTZH] which is a Belize-registered firm. SEL has issued 1 million ordinary shares of HK$1.00 each and owned by the foreign firm. Formerly the shares held by CTZH were held by Chu Wai Hung. Chu transferred all his shares to CTZH on 22nd July, 2011. CTZH is also the director of SEL.
The businesses of SEL and the subject are chiefly handled by Chu.
The subject’s business is just fair. History in Hong Kong is about five years.
On the whole, consider it good for normal business engagements in small credit amounts.
S ENTERTAINMENT LTD.
Unit 607, 6/F., Westley Square, 48 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.
39608663
1260119
28th July, 2008.
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
(As per registry
dated 28-07-2011)
|
Name |
|
No. of shares |
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CTZH Ltd. Suite 102, G/F., Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize. |
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1,000,000 ======= |
(As per registry
dated 28-07-2011)
|
Name (Nationality) |
Address |
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CTZH Ltd. |
Suite 102, G/F., Blake Building, Corner Eyre & Hutson Streets, Belize City, Belize. |
(As per registry
dated 28-07-2011)
|
Name |
Address |
Co.
No. |
|
FS Accounting & Corporate Services Ltd. |
Room 2106, 21/F., Lemmi Centre, 50 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong. |
1478194 |
REMARKS: The name was changed from Senatori Spa (HK) Ltd. to S Production Co. Ltd. on 5th January, 2009; and changed to the present style on 24th June, 2010.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.43 |
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 |
|
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.