|
Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
JIN WAN NIAN INT’L TRADING CO. |
|
|
|
|
Registered Office : |
Flat F, 5/F., Block 3, Harmony Garden, 9 Siu Sai Wan Road, Chai Wan, |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.12.2000 |
|
|
|
|
Com. Reg. No.: |
31453496-000-12 |
|
|
|
|
Legal Form : |
Sole Proprietorship. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Raw materials for stationery manufacturing, office equipment, etc. |
|
|
|
|
No. of Employees : |
Not Available |
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 |
JIN WAN
NIAN INT’L TRADING
CO.
ADDRESS: Flat F, 5/F., Block 3,
Harmony Garden, 9 Siu Sai Wan Road, Chai Wan, Hong Kong.
PHONE: 2575 2396
FAX: 2575 1244
Manager: Mr. Hui Chai Kar (Mobile: 9092 5188)
Establishment: 1st
December, 2000.
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Importer, Exporter, Wholesaler, etc.
Annual Turnover: HK$8~10
million.
Employees:
Nil.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Head Office:-
Flat F, 5/F., Block 3, Harmony Garden, 9 Siu Sai Wan Road, Chai Wan,
Hong Kong.
China Offices:-
Zhengzhou, Chengdu, Guangzhou, Shijiazhuang, Wuhan, Guiyang, Shenyang,
Hangzhou, Fuzhou, Kunming, Hefei, Nanning, Shantou and Nanjing.
Affiliated China Factory:-
Guangdong Genvana Stationery Co. Ltd.
Genvana Industrial Zone, Guangshan Highway, Xiashan, 515144 Chaonan,
Shantou, Guangdong Province, China.
[Tel: (86-661) 779 2401; 777 6212 Fax: (86-661) 776 6084
E-mail: handa@pub.chaoyang.gd.cn]
Affiliated/Associated Companies:-
Beijing Genvana Stationery Co. Ltd., China.
Chaoyang Genvana Stationery Corporation Ltd., China.
Chaoyang Hangda Stationery Factory, China.
Chengdu Genvana Stationery Co. Ltd., China.
Genvana (Thailand) Co. Ltd., Thailand.
Guangzhou Genvana Stationery Co. Ltd., China.
Shanghai Genvana Industrial Development Co. Ltd., China.
Shanghai Genvana Stationery Manufacturing Co. Ltd., China.
Shantou Genvana Stationery Co. Ltd., China.
Shantou Hangda Stationery Industry Co. Ltd., China.
Shantou Xinwannian Stationery Co. Ltd., China.
31453496-000-12
Manager: Mr. Hui Chai Kar
Name: Mr. HUI Chai Kar
Residential Address: Flat F,
5/F., Block 3, Harmony Garden, 9 Siu Sai Wan Road, Chai Wan, Hong Kong.
The subject was established on 1st December, 2000 as a sole
proprietorship concern owned by Mr. Hui Chai Kar under the Hong Kong Business
Registration Regulations.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler, etc.
Lines: Raw
materials for stationery manufacturing, office equipment, etc.
Employees: Nil.
Materials/Commodities: Imports raw materials from European countries
and India.
Markets: China,
other Asian countries, North America, Europe, etc.
Annual Turnover: HK$8~10
million.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
etc.
Capital: Not
disclosed.
Profit or Loss: Traded at a very small profitable angle.
Condition:
Business is
fairly active.
Facilities:
Making fairly
active use of general banking facilities.
Payment:
Met trade
commitments on time.
Commercial Morality: Satisfactory.
Banker: Bank of China (Hong Kong) Ltd.,
Hong Kong.
Standing:
Small.
Jin Wan Nian Int’l Trading Co. is a sole proprietorship set up and owned
by Mr. Hui Chai Kar, a native of Chaoyang, Guangdong Province, China. He is a Hong Kong merchant and acting as the
Manager of the subject.
The subject’s registered office located at Flat F, 5/F., Block 3, Harmony
Garden, 9 Siu Sai Wan Road, Chai Wan, Hong Kong where is the residential
address of the sole proprietor, is not intruded by outsiders.
The subject is trading in stationery, office equipment, raw materials
for manufacturing stationery such as marking pens, sign pens, ball pens, white‑board
pens, gel ink pens, ballpoint, pen sets, pencil lead, etc. Raw materials and chemicals are sold to
Guangdong Genvana Stationery Co. Ltd. [Genvana] which is in Chaoyang, Guangdong
Province, China.
The subject is a member of the Genvana Group of companies. Including the subject, the Genvana Group has
a number of subsidiaries and over fifteen branch companies.
The subject also exports Genvana’s products to the other Asian
countries, North America, Western Europe, Africa, etc. Genvana’s products include gel pens,
ballpoint pens, white-board markers, permanent markers, crayons, highlighters,
paint markers, mechanical pencils, correction fluid, etc. In total, there are over 150 products in all
categories.
The subject is responsible for exporting the Group’s products to
worldwide countries.
Genvana is located at Genvana Industrial Zone, Guangshan Highway,
Xiashan, Chaonan, Shantou, Guangdong Province, China. It is specialised in manufacturing of all
kinds of writing instruments. Its
stationery products bear the following brand names: “GENVANA”, “YouWin”,
“KNOW”, “T‑line”, “See Pie”, etc.
Genvana, one of the leading manufacturers of writing instruments in
China, was established in 1992. The earliest
factory of the Group is Chaoyang Hangda Stationery Factory which is in Chaoyang
City, Guangdong Province, China. In
1995, the Group set up Chaoyang Genvana Stationery Corporation Ltd. Now, the Group has three factories. The factory area cover a total of 40,000
sq.m. All the factories have been
equipped with over 200 advanced imported computer-controlled injection machines
and automatic pen refill manufacturing machines. For instance, its pens are moulded and
assembled by using HUTT (Germany) and ASSAB (Sweden) CNC injection machines,
and Mikro (Switzerland) automatic pen refill machines. Genvana currently have a monthly production
capacity of about 20 million units. Its
daily production capacity of 30 million pencil leads ranks the first in China.
The Group has over 3,000 employees.
Genvana has got the ISO9001:2000 and ISO14001:2004 certifications. The legal representative of Genvana Mr. Zhou
Yubiao is also the President. Vice
General Manager Mr. Zhou Yutian is the brother of Zhou Yubiao. Genvana has ranked the first in the sales of
gel ink pens in China for six consecutive years.
Besides marketing in China, Genvana’s products are exported to
Hong Kong, Macau, Taiwan, Thailand, Japan, Israel, Spain, Indonesia,
Turkey, Russia, Argentina, India, the United States, Egypt, the United Arab
Emirates, Quarter, Sweden, Pakistan, Malaysia, Burma, Vietnam, Iran, Porto
Rica, etc. Annual sales ranges from
RMB300 to 350 million Yuan. The total
assets of the Group amount to RMB260 million Yuan. Business is rather active.
In China, Genvana has set up offices in Zhengzhou, Chengdu, Guangzhou,
Shijiazhuang, Wuhan, Guiyang, Shenyang, Hangzhou, Fuzhou, Kunming, Hefei,
Nanning, Shantou, Nanjing, etc. In order
to penetrate the international market further, Genvana has taken part in fairs
held in Russia (Moscow), China (Guangzhou), Brazil, and the United States.
Business handled by Mr. Hui Chai Kar himself, the subject imports raw
materials for Genvana and markets its products.
Most of the raw materials are imported from Europe and India or acquired
in Hong Kong. Business has been fairly
active. Just making a very small profit
in the past years.
The subject has no employees in Hong Kong. The annual sales turnover of the subject
ranges from HK$8 to 10 million. Profit
margin is usually low.
The subject is fully supported by the Genvana Group. History in Hong Kong is over twelve
years.
On the whole, consider it good for business engagements in small credit
amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.