MIRA INFORM REPORT

 

 

Report Date :

05.01.2012

 

IDENTIFICATION DETAILS

 

Name :

HONG  KONG  TOURO  GROUP  CO.  LTD.

 

 

Registered Office :

c/o Samson Professional Services Ltd.

Suite A-B, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.09.2008

 

 

Com. Reg. No.:

39797802

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of Electronic products, knitwear, jeans, leather/PU bags, 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 :

Moderate

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 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

 

HONG  KONG  TOURO  GROUP  CO.  LTD.

 

 

ADDRESS:       c/o Samson Professional Services Ltd.

Suite A-B, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

 

PHONE:            3152 8482

 

FAX:                 8147 2078

 

 

MANAGEMENT

 

Managing Director:  Mr. Huang Ji Min  (Mobile: 86-13826443036)

 

 

SUMMARY

 

Incorporated on:             16th September, 2008.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer and Exporter.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Fair.

ADDRESS

 

Registered Head Office:-

c/o Samson Professional Services Ltd.

Suite A-B, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

 

Associated/Affiliated Companies:-

Guangzhou Xiaxin Electronic Technology Development Co. Ltd.

Guangzhou Xiayu Garment Co. Ltd.

Suite 1101-1102, Building C, 28 Yajun Road, Yajun Garden, 48 Xingangdong Road, 510630 Guangzhou City, Guangdong Province, China.

[Tel: 86-20-3308 1496;  Fax: 86-20-8923 6705]

 

 

BUSINESS REGISTRATION NUMBER

 

39797802

 

 

COMPANY FILE NUMBER 

 

1272939

 

 

MANAGEMENT

 

Managing Director:  Mr. Huang Ji Min

 

 

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 16-09-2011)

 

Name

 

No. of shares

HUANG Ji Min

 

10,000

=====

 

DIRECTOR    

(As per registry dated 16-09-2011)

 

Name

(Nationality)

 

Address

HUANG Ji Min

200 Jian She Street, Chengxiang Town, Wuming County, Guangxi Province, China.

 

 

SECRETARY 

(As per registry dated 16-09-2011)

 

Name

Address

Co. No.

Samson Professional Services Ltd.

Suite A, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong.

0814090

 

 

HISTORY

 

The subject was incorporated on 16th September, 2008 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 and Exporter.

 

Lines:                           Electronic products, knitwear, jeans, leather/PU bags, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China.

 

Markets:                       North America, Western Europe, Eastern Europe, Eastern Asia, Africa, Oceania, etc.

 

Terms/Sales:                  L/C, T/T, etc.

 

Terms/Buying:               Various terms.

 

 

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

 

Hong Kong Touro Group Co. Ltd. is wholly-owned by Mr. Huang Ji Min who is a China merchant.  He is a China ID holder and does not have the right to reside in Hong Kong permanently.  Currently residing in China, he is also the only director of the subject.  He can be reached at his mobile phone number 86-13826443036 which is a China line.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Suite A-B, 12/F., Ritz Plaza, 122 Austin Road, Tsimshatsui, Kowloon, Hong Kong known as Samson Professional Services Ltd. [Samson Professional] which is handling its correspondences and documents.  Samson Professional is also the corporate secretary of the subject.  The subject has no employees in Hong Kong.

To our knowledge, the subject is an associated company of Guangzhou Xiayu Garment Co. Ltd. [Xiayu Garment] and Guangzhou Xiaxin Electronic Technology Development Co. Ltd. [Xiaxin].  These two firms are China-based firms and owned by Huang.

Established in 2004, Xiayu Garment is an enterprise integrates manufacturing and trading.  With three factories which are located in Guangdong Province, Xiayu Garment produces jeans, knitwear and leather/PU bags.  Its annual output has reached 2,000,000 jeans, 1,600,000 knitwear, and 1,700,000 leather/PU bags.  About 80 to 90% of the products are exported to foreign markets.  Main markets are North America, Western Europe, Eastern Europe, Eastern Asia, Africa, Oceania, etc.

Xiaxin is trading in keyboards, mice, DVD players, mobile phones, etc.

These two China firms also accepts OEM orders.  Sometimes the two China firms deal with foreign parties under the name of the subject.  The China firms also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

Huang. is also the contact person of his China firms.

The subject’s business in Hong Kong is not very active.  History in Hong Kong is just over three years 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.53.14

UK Pound

1

Rs.83.08

Euro

1

Rs.69.25

 

 

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.