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Report Date : |
17.02.2012 |
IDENTIFICATION DETAILS
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Name : |
CHINA BESTSELL CO. LTD. |
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Registered Office : |
C/o Hong Kong Commercial Service Co. Flat B07, 23/F., Hover Industrial Building, 26-38 Kwai Cheong Road, Tsuen Wan, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.01.2011 |
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Com. Reg. No.: |
53560409 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Consultant, project investment, hotel management, crocodile products, etc. |
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No. of Employees : |
Nil. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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 |
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Restricted |
C2 |
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Off-credit |
D |
CHINA BESTSELL
CO. LTD.
Address: c/o Hong Kong
Commercial Service Co.
Flat B07,
23/F., Hover Industrial Building,
26-38 Kwai
Cheong Road, Tsuen Wan,
New
Territories, Hong Kong.
(Formerly located at:
c/o Company Kit Registrations Ltd.
Room 5, 6/F., Shun On Building,
112-114 Des Voeux Road Central, Hong Kong.)
PHONE: 3568 4389
FAX: 3568 4387
Managing Director: Mr. Chen
Shaohong
Incorporated on: 4th
January, 2011.
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: China Merchants Bank Co. Ltd., Hong Kong Branch.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Hong Kong Commercial Service Co.
Flat B07, 23/F., Hover Industrial Building, 26-38 Kwai Cheong Road,
Tsuen Wan, New Territories, Hong Kong.
Associated Companies:-
Goodsir Media Inc., Canada.
Lonsun Investment Co. Ltd., Hong Kong.
[Dissolved]
Lonsun Organ (Asia) Co. Ltd., Hong Kong.
Lonsun Organ (Thailand) Co. Ltd., Thailand.
Xiamen Lonsun Crocodile Zoo Co. Ltd., China.
53560409
1548005
Managing Director: Mr. Chen
Shaohong
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 04-01-2012)
|
Name |
|
No. of shares |
|
CHEN Shaohong |
|
10,000 ===== |
(As per registry dated 04-01-2012)
|
Name (Nationality) |
Address |
|
CHEN Shaohong |
2 Xing An Road, Qian An Village, Chongwu Town, Hui An County,
Fujian Province, China. |
(As per registry dated 04-01-2012)
|
Name |
Address |
Co. No. |
|
HK Dragon Flying Int’l Invest Consultant Ltd. |
Flat B07, 23/F., Hover Industrial Building, 26‑38 Kwai Cheong
Road, Tsuen Wan, New Territories, Hong Kong. |
1126601 |
The subject was incorporated on 4th January, 2011 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Room 5, 6/F.,
Shun On Building, 112-114 Des Voeux Road Central, Hong Kong, moved to the
present address in January 2012 as it has changed its commercial service
provider since then.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Consultant,
project investment, hotel management, crocodile products, etc.
Employees: Nil.
Commodities Imported: Europe, Asian countries, etc.
Markets: Asian
countries, etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: Prepayment,
L/C, 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: 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:
China
Merchants Bank Co. Ltd., Hong Kong Branch.
Standing:
Small.
Having issued 10,000 ordinary shares of HK$1.00 each, China Bestsell Co.
Ltd. is wholly owned by Mr. Chen Shaohong who is the son of an overseas
Chinese. 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 B07, 23/F., Hover Industrial Building, 26-38 Kwai
Cheong Road, Tsuen Wan, New Territories, Hong Kong which is handling its
correspondences and documents. The
subject has no employees in Hong Kong.
To our knowledge, the subject is an associated company of the following
firms in China and Canada:-
·
Xiamen Lonsun Crocodile Zoo Co. Ltd., China.
·
Goodsir Media Inc., Canada.
The subject is a member of Lonsun Group which is a China-based
company. Its main associate Lonsun Organ
(Thailand) Co. Ltd. [Lonsun Thailand] is a Thailand-based firm.
Based in Bangkok, Thailand, Lonsun Thailand is engaged in breeding
crocodiles, manufacturing all kinds of products of crocodile leather. Now, Lonsun Thailand is famous for its “LSCZ”
brand crocodile leather products.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year and
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.49.25 |
|
|
1 |
Rs.77.45 |
|
Euro |
1 |
Rs.64.89 |
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.