MIRA INFORM REPORT

 

 

Report Date :           

08.02.2012

 

IDENTIFICATION DETAILS

 

Name :

EAST  WHEEL  INTERNATIONAL  LTD.

 

 

Registered Office :

c/o Sino-East International Ltd., Room 1901, 19/F., Times Tower, 928-930 Cheung Sha Wan Road, Lai Chi Kok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.04.2006

 

 

Com. Reg. No.:

36879954

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of garments, etc.

 

 

No. of Employees :

03 (Including affiliate)

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

EAST  WHEEL  INTERNATIONAL  LTD.

 

 

Company ADDRESS

 

c/o Sino-East International Ltd.

Room 1901, 19/F., Times Tower, 928-930 Cheung Sha Wan Road, Lai Chi Kok, Kowloon, Hong Kong.

PHONE:            2759 0081

FAX:                 2753 7679

 

 

MANAGEMENT

 

Managing Director:  Mr. G. Rodriguez-Urrutia Rey-Baltar

 

 

SUMMARY

 

Incorporated on:             26th April, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$100.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   3 (Including affiliate)

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Sino-East International Ltd.

Room 1901, 19/F., Times Tower, 928-930 Cheung Sha Wan Road, Lai Chi Kok, Kowloon, Hong Kong.

 

Affiliated Company:-

Sino-East International Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

36879954

 

 

COMPANY FILE NUMBER

 

1040629

 

 

MANAGEMENT

 

Managing Director:  Mr. G. Rodriguez-Urrutia Rey-Baltar

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

 

SHAREHOLDER

(As per registry dated 26-04-2011)

 

Name

 

No. of shares

G. RODRIGUEZ-URRUTIA REY-BALTAR

 

100

===

 

DIRECTOR    

(As per registry dated 26-04-2011)

 

Name

(Nationality)

 

Address

G. RODRIGUEZ-URRUTIA REY-BALTAR

Unit 1, 19/F., Times Tower, 928-930 Cheung Sha Wan Road, Lai Chi Kok, Kowloon, Hong Kong.

 

 

SECRETARY 

(As per registry dated 26-04-2011)

 

Name

Address

Co. No.

Kingbliss Co. Ltd.

Flat B, 1/F., Foo Cheong Building, 82-86 Wing Lok Street, Hong Kong.

0185748

 

 

HISTORY

 

The subject was incorporated on 26th April, 2006 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.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of garments, etc.

 

Employees:                   3.  (Including affiliate)

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       Australia, India, Europe, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, etc.

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

Profit or Loss:                Making a very small profit in the past three years.

 

Condition:                      Business is fairly active.

 

Facilities:                      Trying to make use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Fairly satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 100 ordinary shares of HK$1.00 each, East Wheel International Ltd. is wholly owned by Mr. G. Rodriguez-Urrutia Rey-Baltar.  He is also the only director of the subject.  G. Rodriguez-Urrutia Rey-Baltar seems to be an Australian but he is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  G. Rodriguez-Urrutia Rey‑Baltar has had a Chinese name.

The subject is using the operating office of a Hong Kong-registered firm Sino-East International Ltd. [Sino-East] located at Room 1901, 19/F., Times Tower, 928-930 Cheung Sha Wan Road, Lai Chi Kok, Kowloon, Hong Kong as its registered address.

Sino-East is a garment trader.  It is likely that the subject and Sino-East are engaged in the same lines of business.  Sino-East is trading in the following commodities:-

·         Suits and Jackets – Men’s

·         Suits and Jackets – Women’s

·         Children’s Wear

·         Blouses

·         Jeans

·         Down Filled Jackets and Coats

·         Shirts

·         Trousers

·         Tee and Sweat Shirts

·         Bed Linen (Down quilt)

The subject sources the above-mentioned commodities from China, other Asian countries, etc.  Prime markets are Australia, India, Europe, etc.  Business is just fair.

The subject’s business is chiefly handled by G. Rodriguez-Urrutia Rey-Baltar himself.

The Managing Director of Sino-East Mr. Eduardo Parrilla Marti also seems to be an Australian.

The history of the subject in Hong Kong is over five years and nine months.

On the whole, consider it good for normal business engagements on secured basis.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.92

UK Pound

1

Rs.77.31

Euro

1

Rs.64.12

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.