|
Report Date : |
29.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
FORTUNE SHIP TECHNOLOGY (HK) LTD. |
|
|
|
|
Registered Office : |
C/o Alpha Partners Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
01.03.2012 |
|
|
|
|
Com. Reg. No.: |
59470498 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of Electronic products, electronic devices, machine parts, etc. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
-- |
NB |
New Business |
-- |
|
Status : |
New Company |
|
Payment Behaviour : |
Unknown |
|
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 |
FORTUNE SHIP
TECHNOLOGY (HK) LTD.
ADDRESS: c/o Alpha Partners
Suite A, 11/F., Ho
Lee Commercial Building, 38-44 D’Aguilar Street, Central, Hong Kong.
PHONE: 2512 0588
FAX: 2512 0580
Managing Director: Mr. Yao Jiang
Chao
Incorporated on: 1st
March, 2012.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Electronic Product Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to
comment.
Registered Head Office:-
c/o Alpha Partners
Suite A, 11/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street,
Central, Hong Kong.
Holding Company:-
Shenzhen Fortune Ship Technology Ltd., China.
59470498
1711624
Managing Director: Mr. Yao Jiang
Chao
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 01-03-2012)
|
Name |
|
No. of shares |
|
Shenzhen Fortune Ship Technology Ltd. No. 401, A B District, TCL Ace Electronics Company, No. 33 Nanhai
Road, Nanshan District, Shenzhen, China. |
|
10,000 ===== |
(As per registry dated 01-03-2012)
|
Name (Nationality) |
Address |
|
YAO Jiang Chao |
No. 2 Lejin Road West, Huicheng District, Huizhou City, Guangdong
Province, China. |
(As per registry dated 17-03-2012)
|
Name |
Address |
Co. No. |
|
Worldtrade Business Consulting (HK) Ltd. |
Flat A, 7/F., Kwun Ngan House, 751A Nathan Road, Mongkok, Kowloon,
Hong Kong. |
1004807 |
The subject was incorporated on 1st March, 2012 as a private limited
liability company under the Hong Kong Companies Ordinance.
Initially the subject’s registered address was located at c/o Conson
Secretarial Ltd., Room 703, 7/F., Kowloon Building, 555 Nathan Road, Kowloon,
Hong Kong, moved to the present address with effect from 17th March, 2012,
as the subject has changed its commercial service provider.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer and Exporter.
Lines: Electronic products,
electronic devices, machine parts, etc.
Employees: Nil.
Commodities Imported: Europe, US, Asian countries, etc
Markets: China, other Asian countries, 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, Fortune Ship
Technology (HK) Ltd. is wholly owned by Shenzhen Fortune Ship Technology Ltd.
[SFST] which is a China-based firm.
The only director of the subject Mr. Yao Jiang Chao is a China
merchant. He is a China ID Card holder
and does not have the right to reside in Hong Kong permanently.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Suite A, 11/F., Ho Lee Commercial Building, 38-44
D’Aguilar Street, Central, Hong Kong known as Alpha Partners which is handling
its correspondences and documents. It
has no employees in Hong Kong.
SFST is located at No. 401, A B District, TCL Ace Electronics Company,
No. 33 Nanhai Road, Nanshan District, Shenzhen, China. Yao Jiang Chao is the legal representative of
SFST.
SFST is trading in the following commodities: electronic products,
electronic devices, machine parts, etc.
Commodities are imported from Europe, the United States, Asian
countries, etc. Prime markets are China,
other Asian countries, etc.
In late 2011, SFST decided to build a factory in Huizhou City, Guangdong
Province, China. Having a site area of
about 30,000 sq.m., the factory of SFST is engaged in manufacturing electronic
products. It was reported that the
factory had been under construction. It
is also likely that SFST deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. SFST also exports
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 less than a month.
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.55.78 |
|
|
1 |
Rs.88.04 |
|
Euro |
1 |
Rs.69.62 |
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.