|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUN PAPER (HONG
KONG) CO. LTD. |
|
|
|
|
Registered Office : |
c/o Hong Kong Secretarial Firm,
Room 809, 8/F., Lippo Sun Plaza, 28 Canton Road, Tsimshatsui, Kowloon |
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|
|
|
Country : |
Hong Kong |
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|
|
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Date of Incorporation : |
26.05.2011 |
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|
|
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Com. Reg. No.: |
58424959 |
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|
|
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Legal Form : |
Private Limited Company |
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|
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Line of Business : |
Importer and Exporter of all kinds of paper, etc. |
|
|
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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 |
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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 |
SUN PAPER
(HONG KONG) CO.
LTD.
c/o Hong Kong Secretarial Firm
Room 809, 8/F., Lippo Sun Plaza, 28 Canton Road, Tsimshatsui,
Kowloon, Hong Kong.
PHONE: Not
available
Managing Director: Ms. Li Na
Incorporated on: 26th
May, 2011.
Organization: Private
Limited Company.
Capital: Nominal: US$500,000.00
Issued: US$1.00
Business Category: Paper Trader.
Group Turnover: RMB8,762.3
million Yuan (Year ended 31-12-2011)
Employees: Nil.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Hong
Kong Secretarial Firm
Room 809,
8/F., Lippo Sun Plaza, 28 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Holding Company:-
Shan Dong Sun
Paper Industry Joint Stock Co. Ltd., China.
Associated Companies:-
International
Paper & Sun Cartenboard Co. Ltd., China.
Shandong
International Paper and Sun Coated Paperboard Co. Ltd., China.
Shanghai Dongsheng New Material Co. Ltd., China.
Yanzhou Heli Paper Industry Co. Ltd., China.
Yanzhou Huamao Paper Co. Ltd., China.
Yanzhou
Sun Paper Co. Ltd., China.
Yanzhou Tianzhang Paper Industry Co. Ltd., China.
Yanzhou Zhaoyang Paper Co. Ltd., China.
Yanzhou Zhongtian Paper Industry Co. Ltd., China.
etc.
58424959
1607614
Managing Director: Ms. Li Na
Nominal
Share Capital: US$500,000.00 (Divided
into 500,000 shares of US$1.00 each)
Issued
Share Capital: US$1.00
(As per registry dated 26-05-2012)
|
Name |
|
No. of share |
|
Shan Dong Sun Paper Industry Joint Stock Co. Ltd. No. 66 Xiguan Road, Yanzhou City,
Shandong Province, 272100, China. |
|
1 = |
(As per registry dated 26-05-2012)
|
Name (Nationality) |
Address |
|
LI Na |
Friendship Road, No. 1 Yanzhou City,
Shandong Province, China. |
(As per registry dated 26-05-2012)
|
Name |
Address |
Co. No. |
|
Ace Secretaries Ltd. |
12/F., Ruttonjee House, 11 Duddell
Street, Central, Hong Kong. |
0966680 |
The subject
was incorporated on 26th May, 2011 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 and Exporter.
Lines: All kinds of paper,
etc.
Employees: Nil.
Commodities
Imported: Canada, Southeast Asia, etc.
Markets: China, other Asian
countries, Europe, North America, etc.
Group
Turnover: RMB5,960.7 million Yuan (Year ended 31-12-2009)
RMB8,037.0 million Yuan (Year
ended 31-12-2010)
RMB8,762.3 million Yuan (Year
ended 31-12-2011)
Terms/Sales: L/C
or as per contracted.
Terms/Buying:
L/C, T/T, D/P, etc.
Nominal
Share Capital: US$500,000.00 (Divided
into 500,000 shares of US$1.00 each)
Issued
Share Capital: US$1.00
Group Profit Attributable to Shareholders:
·
RMB478.8
million Yuan (Year ended 31-12-2009)
RMB636.4 million Yuan (Year ended 31-12-2010)
RMB499.3 million Yuan (Year ended 31-12-2011)
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: Satisfactory.
Banker: Bank
of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
Sun Paper (Hong
Kong) Co. Ltd. is a wholly-owned subsidiary of Shan Dong Sun Paper Industry
Joint Stock Co. Ltd. [Sun Paper/Group] which is a China based firm. The only director of the subject Ms. Li Na is
a China businesswoman. Currently, she is
residing in Shandong Province, China.
Sun Paper is also a listed firm in
China. Bearing Code No. 002078, its
shares are traded in Shenzhen Stock Exchange, China.
The subject does not have its own
operating office. Its registered office
is in a secretarial firm located at Room 809, 8/F., Lippo
Sun Plaza, 28 Canton Road, Tsimshatsui, Kowloon, Hong Kong which is handling its correspondences
and documents. It has no employees in
Hong Kong. It is engaged in the same
lines of business as Sun Paper.
Sun Paper is one of the advanced
trans-national enterprises of paper making and integrator of forest-pulp-paper,
one of the large private enterprises in China, a large high end coated wrapping
board production base and the leading enterprise of food wrapping paper board.
The Group is engaged in paper
making, chemical industry, foreign trading, power generation, forest-paper
manufacturing, hotel investment, etc.
The total capital of Sun Paper is about RMB18.6 billion Yuan, the annual
production capacity of pulp and paper is 3.5 million tons.
The head office of Sun Paper is
located in Yanzhou, Shandong Province, China. There are 15 branch companies located in
China, Southeast Asia and the United States.
The products of the company have been sold throughout the world,
including China, the United States, Africa, Southeast Asia, and Hong Kong.
Sun Paper has won the honours of
“National Top Ten Enterprises in Paper Making,” “National Law-Abiding
Enterprises,” “National Excellent Private Enterprises Caring for Staff,”
“Excellent Tax-paying Enterprises of National Association of Industry and
Commerce,” and “The Most Viable Enterprises of China,” among many others.
For the year ended 31st December,
2011, the sales of the Group amounted to RMB8,762.3 million Yuan, grew by 9.0%
as compared with that of RMB8,037.0 million
Yuan in FY 2010; profit after taxation was RMB499.3 million Yuan,
decreased by 21.5% as compared with that of RMB636.4 million Yuan in FY 2010.
The Group has 6,468 employees as at
31st December, 2011.
The subject is fully supported by
the Group. History in Hong Kong is just
over a year and two months.
On the whole, since the history of
the subject is short, consider it good for normal business engagements on
secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.70 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
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.