MIRA INFORM REPORT

 

 

Report Date :

13.02.2012

 

IDENTIFICATION DETAILS

 

Name :

SUPREME STATE INTERNATIONAL LTD

 

 

Registered Office :

SBC Corporate Services Ltd.

Unit 2401A, 24/F., Park-In Commercial Centre, 56 Dundas Street, Mongkok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.04.2005

 

 

Com. Reg. No.:

35636488

 

 

Legal Form :

private limited liability

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of stone products, etc.

 

 

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

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

                                                                                    

SUPREME STATE INTERNATIONAL LTD.

 

 

Company ADDRESS

 

SBC Corporate Services Ltd.

Unit 2401A, 24/F., Park-In Commercial Centre, 56 Dundas Street, Mongkok, Kowloon, Hong Kong.

 

PHONE:                  2782 8118

FAX:                       2782 8697

 

 

MANAGEMENT

 

Managing Director:  Mr. Liu Qiqiang

 

 

SUMMARY

 

Incorporated on              :  26th April, 2005.

 

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      : Xiamen International Bank, China.

 

Banking Relation            :  Satisfactory.


Company name

 

SUPREME STATE INTERNATIONAL LTD.

 

 

Company ADDRESS

 

Registered Head Office:-

SBC Corporate Services Ltd.

Unit 2401A, 24/F., Park-In Commercial Centre, 56 Dundas Street, Mongkok, Kowloon, Hong Kong.

 

Associated Companies:-

Chengsheng Stone Co. Ltd.
(Also known as Fujian Chengsheng Store Products Co. Ltd.)

Room 1003, Xinyuan Building A, Xinglong Road, Xiamen Special Economic Zone, China.

[Tel: 86-592-5622231;  Fax: 86-592-5689559]

Xiamen Jiachang Trading Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER 

 

35636488

 

 

COMPANY FILE NUMBER 

 

0966495

 

 

MANAGEMENT

 

Managing Director:  Mr. Liu Qiqiang

 

 

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

 

 

 

 

SHAREHOLDERS

 

(As per registry dated 26-04-2011)

Name

 

No. of shares

WANG Gui Chun

 

5,000

LIU Qiqiang

 

5,000

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTOR    

 

(As per registry dated 26-04-2011)

Name

(Nationality)

 

Address

LIU Qiqiang

Room 504, Yi Chuang, No. 136 Jin Huai Jie, Feng Ze Qu, Quan Zhou Shi, Fujian Province, China.

 

 

SECRETARY

 

(As per registry dated 01-09-2011)

Name

Address

Co. No.

SBC Corporate Services Ltd.

Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong.

0618863

 

 

HISTORY

 

The subject was incorporated on 26th April, 2005 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 stone products, etc.

 

Employees                    : Nil.

 

Commodities Imported    : Europe, China, etc.

 

Markets                                    : China, Japan, India, other Asian countries, etc.

 

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

 

Terms/Buying                :  L/C, 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                                      :  Xiamen International Bank, China.

 

Standing                                   :  Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Supreme State International Ltd. is equally owned by Mr. Wang Gui Chun and Mr. Liu Qiqiang.  The latter is also the director of the subject.  Being China merchants, the former is residing in Xiamen Special Economic Zone while the latter, residing in Quanzhou City, Fujian Province, China.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Unit 2401A, 24/F., Park-In Commercial Centre, 56 Dundas Street, Mongkok, Kowloon, Hong Kong known as SBC Corporate Services Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.  SBC Corporate Services Ltd. has had several branch offices in Hong Kong.

The subject has no employees in Hong Kong.

The subject has had two main associated companies in China, namely, Xiamen Jiachang Trading Co. Ltd. [Jiachang] and Chengsheng Stone Co. Ltd. [Chengsheng].  Both firms are located at the same operating address in China.

However, the factory of Chengsheng is located at Chongwu Town, Huian County, Quanzhou City, Fujian Province, China.

Your given fax number 86-592-5689559 belongs to Chengsheng.

Chengsheng is a professional company which produces stone products.  Founded in 1994, Chengsheng has had the right to import and export its products by itself.

Chengsheng mainly produces Japanese style tombstone, American style tombstone, Russia style tombstone, etc.  It also manufactures stone for building industry and stone sculptures.  Its products are very popular in Japan, Russia, Europe, etc.  Business is normal.

Xiamen Jiachang is managed by Wang Gui Chun while the stone factory is managed by Liu Qiqiang.

The subject’s business in Hong Kong is not active.  History in Hong Kong is over six years and nine 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.