MIRA INFORM REPORT

 

 

Report Date :           

07.01.2012

 

IDENTIFICATION DETAILS

 

Name :

GOLDWAY  INTERNATIONAL  INVESTMENT  HOLDINGS  LTD.

 

 

Registered Office :

c/o SBC Corporate Services Ltd., 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

24.08.2001

 

 

Com. Reg. No.:

32069684

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Ferro silicon, ferro silicon manganese, ferro manganese, LC and MC, ferro chrome, LC, ferro vanadium, ferro tungsten noble alloys, silicon metal, 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 :

Moderate

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 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

 

GOLDWAY  INTERNATIONAL  INVESTMENT  HOLDINGS  LTD.

 

 

Company ADDRESS

 

c/o SBC Corporate Services Ltd.

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

PHONE:            2507 7219

FAX:     2507 7225

 

 

MANAGEMENT

 

Managing Director:  Mr. Liu Zheng Zhi

 

 

SUMMARY

 

Incorporated on:             24th August, 2001.

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Head Office:-

c/o SBC Corporate Services Ltd.

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

 

Associated Company:-

Sino-Minemet International Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

32069684

 

 

COMPANY FILE NUMBER

 

0767729

 

 

MANAGEMENT

 

Managing Director:  Mr. Liu Zheng Zhi

 

 

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 24-08-2011)

 

Name

 

No. of shares

LIU Zheng Zhi

 

8,000

LIU Ya Li

 

2,000

 

 

––––––

 

Total:

10,000

=====

 

DIRECTORS

(As per registry dated 24-08-2011)

 

Name

(Nationality)

 

Address

LIU Zheng Zhi

Room 1607, Tower C, Sheng Shi Jia Yuan, 98 Jian Guo Road, Chao Yang District, Beijing, China.

 

LIU Ya Li

Room 1607, Tower C, Sheng Shi Jia Yuan, 98 Jian Guo Road, Chao Yang District, Beijing, China.

 

 

SECRETARY

(As per registry dated 24-08-2011)

 

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 24th August, 2001 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:                           Ferro silicon, ferro silicon manganese, ferro manganese, LC and MC, ferro chrome, LC,

ferro vanadium, ferro tungsten noble alloys, silicon metal, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Asian countries or sourced from local suppliers.

 

Markets:                       Japan, Europe, North America, etc.

 

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

 

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$10,000.00

 

Mortgage or Charge:-

 

Date of Charge Over Accounts (Limited Company – Under Seal): 19-07-2003

Amount:                        To secure all monies in respect of banking facilities

 

Property:                       In consideration of the Bank agreeing to grant or continuing to grant the Banking Facilities, the Chargor, as beneficial owner and by way of fixed charge, assigns, charges and pledges the “Charged Property” to Bank as a continuing security for the due payment and satisfaction of the Secured Moneys by the Chargor to the Bank on demand

 

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

 

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

 

Bankers:-

·         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

·         Wing Hang Bank Ltd., Shenzhen Branch, China.

 

Standing:  Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Goldway International Investment Holdings Ltd. is jointly owned by Mr. Liu Zheng Zhi, holding 80% interests; and Ms. Liu Ya Li, holding 20%.  The two Lius are China passport holders and do not have the right to reside in Hong Kong permanently.  They are also directors of the subject.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, 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.

The subject has no employees in Hong Kong.

The subject has had an associated company in Beijing, China known as Sino‑Minemet International Co. Ltd. [Sino-Minemet].  Sino-Minemet is an international trading company and is reconstructed from Sino-Minemet International Trade (Tianjin) Co. Ltd. which was registered in 1999.  International trade businesses of Sino-Minemet is exporting ferroalloy, non‑ferrous metal, graphite products, rare earth products, steel products, metal forging and casting products, ductile iron pipes, fittings, valves, special and noble ferroalloy, inoculants, metal powder, refractory products and other related products.

The main exported products are the followings: ferro silicon, ferro silicon manganese, ferro manganese, LC and MC, ferro chrome, LC, ferro vanadium, ferro tungsten noble alloys, silicon metal, manganese metal flakes, lumpy and briquettes, magnesium metal ingot, alloys and powder, calcium silicon and calcium, metal powder, cored wires, ferro silicon, magnesium rare earth, ferro silicon barium, silicon aluminium, calcium silicon manganese, and other inoculants and de-oxidants, etc.

Sino-Minemet imports manganese ore, chrome ore, and copper concentrates. ferro chrome high carbon, ferro titanium, and other alloys to the China market.  Sino-Minemet is a major trader of bulk ferro-alloys and a producer of Calcium silicon, which it is produced by 30000 kva Arc Furnace in China.  Sino-Minemet has got the certification of ISO 9002.  Sino-Minemet is also operated by the two Lius.

It is likely that Sino-Minemet deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Sino-Minemet 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 over ten years and four 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.52.78

UK Pound

1

Rs.81.79

Euro

1

Rs.67.46

 

 

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.