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Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
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Name : |
NEW SUN HOLDINGS LTD. |
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Registered Office : |
C/o Mak & Associates Management And Secretarial Services Ltd. Room 1002-1004, 10/F., Tung Chiu Commercial Centre, 193 Lockhart Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.11.2010 |
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Com. Reg. No.: |
53582562 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
--- |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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 |
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Status : |
No Operating Office In Hong Kong |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
NEW SUN
HOLDINGS LTD.
Address:
c/o Mak & Associates Management And Secretarial Services Ltd.
Room 1002-1004, 10/F., Tung Chiu Commercial Centre,
193 Lockhart Road, Wanchai, Hong Kong.
(Formerly located at:
Room 701, 7/F., Jims Commercial Centre,
102-104 Des Voeux Road Central, Hong Kong.)
[Tel: 2542 0687; Fax: 2529 0935]
53582562
1524004
4th November, 2010
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$480.00
Alternation of Capital:-
|
04-11-2010 |
paid up |
HK$ 1.00 |
|
10-01-2011 |
paid up |
HK$479.00 |
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|
|
–––––––––– |
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Total: |
paid up |
HK$480.00 ========= |
(As per registry dated 04-11-2011)
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Name |
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No. of shares |
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MAK Kam, Brenda |
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220 |
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SUN Ka Ziang, Henry |
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220 |
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SUN Adrian Arthur |
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20 |
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SUN Andrew Alexander |
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20 |
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–––– |
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Total: |
480 === |
(As per registry dated 04-11-2011)
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Name (Nationality) |
Address |
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MAK Kam, Brenda |
Flat 5A, Tower 7, Lake Silver, 699 Sai Sha Road, Wu Kai Sha, Ma On Shan,
New Territories, Hong Kong. |
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SUN Ka Ziang, Henry |
Flat 5A, Tower 7, Lake Silver, 699 Sai Sha Road, Wu Kai Sha, Ma On
Shan, New Territories, Hong Kong. |
(As per registry dated 04-11-2011)
|
Name |
Address |
Co. No. |
|
Mak & Associates Management And Secretarial Services Ltd. |
Room 1002-1004, 10/F., Tung Chiu Commercial Centre, 193 Lockhart Road,
Wanchai, Hong Kong. |
0194401 |
New Sun Holdings Ltd. was incorporated on 4th November, 2010 as a private
limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 1002-1004, 10/F., Tung Chiu Commercial Centre, 193
Lockhart Road, Wanchai, Hong Kong known as Mak & Associates Management And
Secretarial Services Ltd. which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject.
Formerly the subject’s registered address was located at Room 701, 7/F.,
Jims Commercial Centre, 102-104 Des Vouex Road Central, Hong Kong where was the
operating address of another secretarial firm.
The subject changed its registered address to the present one in January
2011 as it has changed its commercial service provider since then. The subject has no employees in Hong Kong.
According to the Companies Registry of Hong Kong, the subject has issued
480 ordinary shares of HK$1.00 each of which 45.8% are owned by Mak Kam,
Brenda, 45.8% are owned by Sun Ka Ziang, Henry, the balance 8.4% are equally
owned by Sun Adrian Arthur and Sun Andrew Alexander. The first two are also directors of the
subject.
The subject’s lines of business are unknown since the secretarial firm
declined to divulge any information about it.
No information of the subject can be obtained from our secondary
sources.
The shareholders of the subject cannot be reached although their
registered address is in Hong Kong.
It is likely that the subject has got an associated company in China which
is operated by the Sun’s.
It is 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 registered address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year and
three 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.49.08 |
|
|
1 |
Rs.77.80 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.