|
Report Date : |
29.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
HONG KONG
JIA SHENG INTERNATIONAL ENTERPRISE
DEVELOPMENT LTD. |
|
|
|
|
Formerly Known As : |
Hong Kong Union Health
International Enterprises Development Ltd |
|
|
|
|
Registered Office : |
c/o S & N Consultants Ltd., Flat D, 21/F., Max Share Centre, 367-373 King’s Road, North Point |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
10.12.2004 |
|
|
|
|
Com. Reg. No.: |
35466213 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Logistic Service Provider of all kinds of commodities |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Operating Office in Hong Kong |
|
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 |
HONG KONG JIA SHENG INTERNATIONAL ENTERPRISE DEVELOPMENT LTD.
c/o S & N Consultants Ltd.
Flat D, 21/F., Max Share Centre, 367-373 King’s Road, North Point, Hong Kong.
PHONE: 2155 8288
FAX: 2564 2297
Managing Director: Mr. Wu Ya Qiang
Incorporated on: 10th December, 2004.
Organization: Private Limited Company.
Capital: Nominal: HK$27,286,000.00
Issued: HK$27,286,000.00
Business Category: Logistic Service Provider.
Employees: Nil.
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered
Office:-
c/o S & N Consultants Ltd.
Flat D, 21/F., Max Share Centre, 367-373 King’s Road, North Point, Hong Kong.
Holding Company:-
Xiamen Justsun Foreign Trade Co. Ltd., China.
Associated
Companies:-
Shenzhen Justsun Supply Chain Co. Ltd., China.
Fujian Quanzhou Justsun Supply Chain Co. Ltd., China.
35466213
0939090
Managing Director: Mr. Wu Ya Qiang
Nominal Share Capital: HK$155,986,000.00 (Divided into 155,986,000 shares of HK$1.00 each)
Issued Share Capital: HK$155,986,000.00
(As per registry
dated 19-06-2012)
|
Name |
|
No. of shares |
|
Xiamen Justsun Foreign Trade Co. Ltd. |
|
155,986,000 ========= |
(As per registry
dated 10-12-2011)
|
Name (Nationality) |
Address |
|
WU Ya Qiang |
Room 602, 6/F., Jinfeng Lane, Xiamen Special Economic Zone, China. |
|
LI Dong Min |
Room 602, 6/F., Jinfeng Lane, Xiamen Special Economic Zone, China. |
(As per registry
dated 10-12-2011)
|
Name |
Address |
Co.
No. |
|
S & N Consultants Ltd. |
Flat D, 21/F., Max Share Centre, 367-373 King’s Road, North Point, Hong Kong. |
0654935 |
The subject was incorporated on 10th December, 2004 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of “Union Health Development Ltd.,” name changed to “Hong Kong Union Health International Enterprises Development Ltd.” on 7th April, 2005 and further to the present style on 15th February, 2007.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Logistic Service Provider.
Lines: All kinds of commodities as entrusted by clients.
Employees: Nil.
Commodities Imported: China, other Asian countries, Europe, etc.
Business Territories: China and other Asian countries, etc.
Terms/Services: As per contracted.
Terms/Buying: Various terms.
Nominal Share Capital: HK$155,986,000.00 (Divided into 155,986,000 shares of HK$1.00 each)
Issued Share Capital: HK$155,986,000.00
Mortgage or Charge
(Since 2012): (See attachment)
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: Hang Seng Bank Ltd., Hong Kong.
Standing: Small.
Having issued 155,986,000 ordinary shares of HK$1.00 each, Hong Kong Jia Sheng International Enterprise Development Ltd. is wholly owned by Xiamen Justsun Foreign Trade Co. Ltd. [Justsun] which is a China-based firm.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at “Flat D, 21/F., Max Share Centre, 367‑373 King’s Road, North Point, Hong Kong” known as “S & N Consultants Ltd” which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
The subject is engaged in the same lines of business as Justsun which is also known as Xiamen Jiasheng Foreign Trade Co. Ltd.
Established in 1997, Justsun is a service provider of supply chain integrating management. With advanced technology and management concepts, Justsun professionally integrates the resources in all the links of supply chain, and provides its partners with a four-in-one total solution integrating capital flow, business flow, logistics flow and information flow on the whole industrial chain.
Justsun has built up such public service platforms as logistics platform, capital platform, trading platform and information platform. In accordance with the requirements of its partners, Justsun provides customized service solutions such as procurement and distribution, including import and export customs clearance, vendor managed inventory, virtual manufacturing, and international and domestic logistics.
Justsun has formed long-term strategic partnerships with hundreds of manufacturers, traders, banks, and logistics enterprises, with its main markets on the west coast of the Taiwan Strait, covering whole China and the other Asian countries.
Justsun now has become one of the large service providers of import and export trade and supply chain in China .
According to Justsun, its annual import and export volume increased from USD8.13 million in 2002 to USD710 million in 2010. Business keeps on improving.
Besides the subject, Shenzhen Justsun Supply Chain Co., Ltd. and Fujian Quanzhou Justsun Supply Chain Co., Ltd. are supply chain service companies under Justsun.
Supported by Justsun, the subject’s business in Hong Kong is not active.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
(Since 2012)
|
Date |
Particulars |
Amount |
|
14-03-2012 |
Instrument: Charge on Cash Deposit Property: All sums from time to time standing to the credit of the account of the Depositor specified, Deposit Account Number : (900-008-0063235-6) with Bank SinoPac Mortgagee: Bank SinoPac, Hong Kong Branch. |
All sums of money and liahilities |
|
14-03-2012 |
Instrument: Charge on Cash Deposit Property: All sums from time to time standing to the credit of the account of the Depositor, Deposit Account Number: (90-008-0063235-6) with Bank SinoPac Mortgagee: Bank SinoPac, Hong Kong Branch. |
All sums of money and liabilities |
|
01-06-2012 |
Instrument: Charge over Deposit/Securities Property: The Chargor charges by way of fixed charge to the Bank all the right, title and interest of the Chargor in and to the Charged Assets. Mortgagee: Hang Seng Bank Ltd., Hong Kong. |
To secure owing All monies in any currency by the Company to Hang Seng Bank Ltd. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.78 |
|
UK Pound |
1 |
Rs.88.04 |
|
Euro |
1 |
Rs.69.62 |
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.