MIRA INFORM REPORT

 

 

Report Date :           

22.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MAXPAC  ELECTRONICS  CO.  LTD

 

 

Registered Office :

Unit 2508A, 25/F., Bank of America Tower, 12 Harcourt Road, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.07.2011

 

 

Com. Reg. No.:

58771635

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Manufacturer of LED monitor, LCD, TV, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

----

NB

New Business

----

 

Status :

New company

 

 

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 – 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

 

MAXPAC  ELECTRONICS  CO.  LTD.

 

 

Company ADDRESS

 

c/o ATA Corporate Formation & Management Ltd.

Unit 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

PHONE:            2528 3382

FAX:                 2783 7918

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Jian Ping

 

 

SUMMARY

 

Incorporated on:             26th July, 2011.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$100.00

 

Business Category:        Importer, Exporter and Manufacturer.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Too early to comment.

Company  ADDRESS

 

Registered Office:-

Unit 2508A, 25/F., Bank of America Tower, 12 Harcourt Road, Central,

Hong Kong.

 

Head Office:-

c/o ATA Corporate Formation & Management Ltd.

Unit 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

 

Associated Companies:-

Dongguan Maxpac Electronics Co. Ltd., China.

Maxpac International Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

58771635

 

 

COMPANY FILE NUMBER

 

1642148

 

 

MANAGEMENT

 

Managing Director:  Mr. Chen Jian Ping

 

 

CAPITAL

 

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

 

Issued Share Capital:     HK$100.00

 

 

SHAREHOLDERS

(As per registry dated 26-07-2011)

 

Name

 

No. of shares

LIN Hong Xia

 

50

CHEN Jian Ping

 

50

 

 

–––

 

Total:

100

===

 

 

DIRECTORS

(As per registry dated 26-07-2011)

 

Name

(Nationality)

 

Address

LIN Hong Xia

6E, Block 15, Haiyinchangcheng Erqi, Houhai Avenue, Nanshan District, Shenzhen, China.

 

CHEN Jian Ping

6E, Block 15, Haiyinchangcheng Erqi, Houhai Avenue, Nanshan District, Shenzhen, China.

 

 

SECRETARY 

(As per registry dated 26-07-2011)

 

Name

Address

Co. No.

ATA Corporate Formation & Management Ltd.

Unit 1001, 10/F., Fourseas Building, 208‑212 Nathan Road, Kowloon, Hong Kong.

0768611

 

 

HISTORY

 

The subject was incorporated on 26th July, 2011 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 Manufacturer.

 

Lines:                           LED monitor, LCD, TV, etc.

 

Employees:                   Nil.

           

Materials/Commodities:  Imports raw materials from European countries, some of the Asian countries and finished

products from China.

 

Markets:                       China, Taiwan, Japan, other Asian countries, Europe, North America, Australia, 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$100.00

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Too early to comment.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 100 ordinary shares of HK$1.00 each, Maxpac Electronics Co. Ltd. is equally owned by Ms. Lin Hong Xia and Mr. Chen Jian Ping.

Lin and Chen are also directors of the subject.  Being China ID holders, they do not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Its head office is in a commercial service firm located at Unit 1001, 10/F., Fourseas Building, 208‑212 Nathan Road, Kowloon, Hong Kong known as ATA Corporate Formation & Management 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 trading in all kinds of LCD/LED monitor, LCD TV, etc.  It has had an associated factory in Maxpac International Ltd. [Maxpac] which is in Dongguan City, Guangdong Province, China.

Maxpac is the professional manufacturer of LCD/LED monitor, LCD TV, as well as open frame etc., which is the high-tech private enterprise with own self-researching, production, marketing, service, which ranges mainly from 14” to 24” LCD/LED monitor, and its SKD/CKD parts.

Maxpac began production in 2009.  Its factory, in Dongkeng Dongxing Industrial Zone, Dongguan City, covers an area of more than 8,000 sq.m.  It has been equipped with 3 production line of PCB board, 1 automatic production line of ABU LCD monitor, as well as full sets of the testing and lab machine for quality control.

Maxpac’s yearly production capacity is 300,000 units of LCD monitors.  Maxpac has got the ISO certification.  Its products have been exported to over 30 countries, including Central-South America, the Middle East, Southeast Asia, Europe, etc.

Currently, Maxpac already has its authorized distributor of “MAXPAC” brand products in overseas countries.  “MAXPAC” brand has been registered with China Trade Mark Bureau in 2009.  Since 2010, Maxpac has had its own designed LED monitors.

It is also likely that the China firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  The China firm also exports commodities to foreign markets under the name of the subject and its head address in Hong Kong.

It is likely that Maxpac deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Maxpac 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 just about seven 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 secured basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.77.79

Euro

1

Rs.65.17

 

 

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.