MIRA INFORM REPORT

 

 

Report Date :

13.02.2012

 

IDENTIFICATION DETAILS

 

Name :

HANGZHOU  SPORLAN  CO.  LTD.

 

 

Registered Office :

C/o Parkview Gain Ltd.

Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central Hong Kong

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

11.06.2007

 

 

Com. Reg. No.:

38047967

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Compressor, refrigerating unit, etc.

 

 

No. of Employees :

Nil.

 

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 30, 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 and address

 

HANGZHOU  SPORLAN  CO.  LTD.

 

 

ADDRESS:       c/o Parkview Gain Ltd.

Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central, Hong Kong.

 

PHONE:            2581 4966

 

FAX:                 2581 4966

 

 

MANAGEMENT

 

Managing Director:  Mr. Qiu Guorong

 

 

SUMMARY

 

Incorporated on:             11th June, 2007.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Head Office:-

c/o Parkview Gain Ltd.

Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central, Hong Kong.

 

Associated Companies:-

Hangzhou Maidi Heating & Refrigerating Equipment Co. Ltd., China.

Hangzhou Sibolan Heating & Refrigerating Equipment Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

38047967

 

 

COMPANY FILE NUMBER 

 

1140028

 

 

MANAGEMENT

 

Managing Director:  Mr. Qiu Guorong

 

 

CAPITAL

 

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

 

Issued Share Capital: HK$10,000.00

 

 

SHAREHOLDER

(As per registry dated 11-06-2011)

 

Name

 

No. of shares

QIU Guorong

 

10,000

=====

 

 

 

DIRECTOR    

(As per registry dated 11-06-2011)

 

Name

(Nationality)

 

Address

QIU Guorong

No. 41, Qiujiamen, Group 3, Yunhe Village, Liangzhu Town, Yuhang District, Hangzhou City, Zhejiang Province, China.

 

 

SECRETARY

(As per registry dated 11-06-2011)

 

Name

Address

Co. No.

Parkview Gain Ltd.

Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central, Hong Kong.

1059876

 

 

HISTORY

 

The subject was incorporated on 11th June, 2007 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:                           Compressor, refrigerating unit, etc.

 

Brand:                            Sikelan.

 

Employees:                   Nil.

 

Commodities Imported:   China, etc.

 

Markets:                       China, Southeast Asia, Europe, North America, South America, Africa, Middle East, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

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

 

 

 

FINANCIAL INFORMATION

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Hangzhou Sporlan Co. Ltd. is wholly owned by Mr. Qiu Guorong who is a China merchant.  He is a China ID holder and does not have the right to reside in Hong Kong permanently.  He is also the only director of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Flat 7A, 7/F., Kimley Commercial Building, 142-146 Queen’s Road Central, Hong Kong known as Parkview Gain Ltd. which is handling its correspondences and documents.  Parkview Gain Ltd. is also the corporate secretary of the subject.  Your given fax and phone number belongs to this firm.  The subject has no employees in Hong Kong.

 

The subject is trading in compressor, refrigerating unit, etc.  It has had an associated company in Hangzhou City, Zhejiang Province, China known as Hangzhou Sibolan Heating & Refrigerating Equipment Co. Ltd. [Sibolan].

Sibolan owns standard factory and office buildings covering an area of 40,000 sq.m. and has been equipped with state of the art facilities.

 

Sibolan has had advanced fluorine chemistry research & development ability and the production of its substitutes.  It is specialized in manufacturing of FN series hermetical compressor and qd series semi-closed compressor sets, drier filters, gas-liquid separators, oil separators, drying cylinders, drying cores, receivers, heat exchangers, inner-outer thermostatic expansion valves, SB series defrosting timers, 3GS, 4GS, 5GS series compressor oil, etc.

Sibolan has got the ISO 9001 and ISO 14001 certifications and its products are in conformity with the UL standards.  The legal representative of Sibolan is Mr. Qiu Guorong.  All its products bear the brand name “Sikelan”.

 

Sibolan’s products are marketed throughout China.  Many of its products are exported to Europe, America , Australia, the Middle East and Southeast Asia.

It is likely that Sibolan deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Sibolan 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 over four years and eight months.

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.49.64

UK Pound

1

Rs.78.35

Euro

1

Rs.65.79

 

 

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.