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Report Date : |
14.08.2012 |
IDENTIFICATION DETAILS
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Name : |
C.S.I GROUP LTD. |
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Registered Office : |
Room 2105, 21/F., QD3263, Trend Centre, 29-31 Cheung Lee Street, Chai
Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
17.04.2012 |
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Com. Reg. No.: |
59663918 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Glass, building
materials, tractors, etc |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
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Status : |
New company |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
C.S.I
GROUP LTD.
c/o World Trade
Enterprises Consultancy Ltd.
Room 2105, 21/F.,
QD3263, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
PHONE: Not available
FAX: Not available
Managing
Director: Mr. Xiong Chunming
Incorporated on: 17th April, 2012.
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: Too early to comment.
C.S.I GROUP
LTD.
Registered
Office:-
c/o World Trade
Enterprises Consultancy Ltd.
Room 2105, 21/F.,
QD3263, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
Associated
Company:-
Brothers
Investment (Hongkong) Ltd., Hong Kong.
(Same address)
China
Associated Companies:-
Brothers Biotech
Co. Ltd., China.
Qingdao
Ever-Lasting Farm Machinery Co. Ltd., China.
Qingdao
Ever-Lasting Import & Export Co. Ltd., China.
Note: All are located at:-
Room 1101,
Business Building B, Wanda Plaza, 33 Lianyungang Road, Qingdao City, Shandong
Province, China.
[Tel: 86-532-5566
5280/81/82/83; Fax: 86-532-8297 1987]
59663918
1730878
Managing
Director: Mr. Xiong Chunming
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 17-04-2012)
|
Name |
|
No.
of shares |
|
XIONG Chunming |
|
10,000 ===== |
(As per registry dated 17-04-2012)
|
Name (Nationality) |
Address |
|
XIONG Chunming |
Room 2015, 20/F., QD3263, Trend Centre,
29-31 Cheung Lee Street, Chai Wan, Hong Kong. |
(As per registry dated 17-04-2012)
|
Name |
Address |
Co.
No. |
|
World
Trade Enterprises Consultancy Ltd. |
15/F., Highgrade Building, 117 Chatham Road, Tsimshatsui, Kowloon,
Hong Kong. |
1156560 |
The
subject was incorporated on 17th April, 2012 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: Glass, building materials, tractors, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: North America, South America, Eastern Europe, Western Europe, Southeast Asia, Eastern Asia, Africa, Oceania, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having
issued 10,000 ordinary shares of HK$1.00 each, C.S.I Group Ltd. is wholly owned
by Mr. Xiong Chunming who a China merchant. Xiong is a China ID holder and does not have
the right to reside in Hong Kong. He is
also the only director of the subject.
Currently Xiong is residing in Qingdao City, Shandong Province, China.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Room
2105, 21/F., QD3263, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong
known as World Trade Enterprises Consultancy Ltd. [WTEC] which is handling its
correspondences and documents. WTEC,
having several branch companies in Hong Kong, is also the corporate secretary
of the subject.
The
subject has no employees in Hong Kong.
It has had an associated company in Hong Kong known as Brothers
Investment (Hongkong) Ltd. [Brothers Investment] which is also located at the
same operating address. The subject and
Brothers Investment are engaged in the same lines of business, more or less.
To
our knowledge, Xiong is also the operator of Qingdao Ever-Lasting Import &
Export Co. Ltd. [Ever-Lasting] which is in Qingdao City, Shandong Province,
China. Your phone number 86-532-5566
5280/81/82/83 belong to Ever-Lasting which is located at Room 1101, Business
Building B, Wanda Plaza, 33 Lianyungang Road, Qingdao City, Shandong Province,
China.
Ever-Lasting
has two tractor factories and two agricultural equipment production lines. Its main products are as follows: trucks,
buses, light cars, tractors, farm implanters, automobile fittings, solar
products and food. Most of the products
bear the brand name of “EVER-LASTING”.
Ever-Lasting is also trading in glass with different colours and float
glass.
It
exports its products to North America, England, France, the Netherlands,
Germany, Mexico, Hong Kong, Japan, Korea, Algeria, Morocco, Mali, Tunis, Egypt
and other countries and regions.
Founded
in 2005, Ever-Lasting has set up many departments such as import & export
department, purchasing department, finance & accounting department, quality
controlled department, department of transportation and after-sales service
department. The contact person of
Ever-Lasting is Xiong Chunming.
The
subject has had another associated company Brothers Biotech Co. Ltd. [Brothers
Biotech] which is also in Qingdao City, Shandong Province, China. Brothers Biotech is engaged in manufacturing
Isomaltitol, xylitol, Maltitol, erythritol, xylose, Isomalt, Xylitol DC,
Isomalt DC, sodium saccharin, sweetener, aspartame, acesulfame k, Isomaltitol
DC, Xylitol powder, xylitol crystal, etc.
Most of the products are exported to foreign countries. The contact person of Brothers Biotech is Liu
Yan who is the other shareholder of Brothers Investment.
In
China, Ever-Lasting and Brothers Biotech share the same operating office which
is in Qingdao City, Shandong Province, China.
It
is likely that the China firms deal 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 firms also
export commodities to foreign markets under the name of the subject and its registered
address in Hong Kong.
The
subject’s business in Hong Kong is not active.
History in Hong Kong is just about four months.
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.55.41 |
|
|
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.55.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.