MIRA INFORM REPORT

 

 

Report Date :           

13.01.2012

 

IDENTIFICATION DETAILS

 

Name :

ELCID  DRAGON  INTERNATIONAL  LTD.

 

 

Registered Office :

C/o East Asia Corporate Services Ltd., Unit B, 16/F., Yam Tze Commercial Building, 23 Thomson Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.11.2009

 

 

Com. Reg. No.:

51361718

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer and Exporter of all kinds of fashions

 

 

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 :

Small Company 

 

 

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

 

ELCID  DRAGON  INTERNATIONAL  LTD.

 

 

Company ADDRESS

 

c/o East Asia Corporate Services Ltd.

Unit B, 16/F., Yam Tze Commercial Building, 23 Thomson Road, Wanchai, Hong Kong.

PHONE:            2866 8284,  2851 3732

FAX:                 2866 0963

 

 

MANAGEMENT

 

Managing Director:  Mr. Sebahattin Sezer Ozgorus

 

 

SUMMARY

 

Incorporated on:             3rd November, 2009.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:        Garment Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Head Office:-

c/o East Asia Corporate Services Ltd.

Unit B, 16/F., Yam Tze Commercial Building, 23 Thomson Road, Wanchai, Hong Kong.

 

Associated Company:-

Fan’s International

Demir Baytekin Is Merkezi, Halaskargazi Cad., No:127 Kat: 7/14, Osmanbey 34380, Istanbul, Turkey.

[Tel:      90-212-2248224

Fax:      90-212-2343534

E-mail:  info@fansint.com ]

 

 

BUSINESS REGISTRATION NUMBER

 

51361718

 

 

COMPANY FILE NUMBER

 

1387266

 

 

MANAGEMENT

 

Managing Director:  Mr. Sebahattin Sezer Ozgorus

 

 

CAPITAL

 

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

 

Issued Share Capital:     HK$1.00

 

 

SHAREHOLDER

(As per registry dated 03-11-2011)

 

Name

 

No. of share

Sebahattin Sezer OZGORUS

 

1

=

DIRECTOR

(As per registry dated 03-11-2011)

 

Name

(Nationality)

 

Address

Sebahattin Sezer OZGORUS

Demir Baytekin Is Merkezi, Halaskargazi Cad., No. 127 Kat: 7/14, Osmanbey 34380, Istanbul, Turkey.

 

 

SECRETARY 

(As per registry dated 03-11-2011)

 

Name

Address

Co. No.

East Asia Corporate Services Ltd.

Unit B, 16/F., Yam Tze Commercial Building, 23 Thomson Road, Wanchai, Hong Kong.

0955442

 

 

HISTORY

 

The subject was incorporated on 3rd November, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Red’s International Fashion Ltd., name changed to the present style on 6th December, 2010.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of fashions.

 

Employees:                   Nil.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       Asian countries, Turkey, other European countries, etc.

 

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

 

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

 

FINANCIAL INFORMATION

 

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

 

Issued Share Capital:     HK$1.00

 

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

 

Elcid Dragon International Ltd. is wholly-owned by Mr. Sebahattin Sezer Ozgorus who is a Turkish.  He is a Turkey passport holder and does not have the right to reside in Hong Kong permanently.  Currently residing in Istanbul, Turkey, he is 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 Unit B, 16/F., Yam Tze Commercial Building, 23 Thomson Road, Wanchai, Hong Kong known as East Asia Corporate Services Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.  Your given telephone number 852-2851 3732 and fax number 852-2866 0963 belong to East Asia Corporate Services Ltd.  The subject has no employees in Hong Kong.

The subject is a garment trader.  It is trading in children wear, evening dress, knitted garments, etc.  Most of the products bear the brand name of “Red’S”.  The subject has had an associated company in Istanbul, Turkey known as Fan’s International.  Fan’s International is also a garment trader.  It was founded in Turkey in 1992 as a textile trading company.  Today, it is present in 4 countries and territories and cooperates with globally known suppliers and traders.  Most of the suppliers come from Turkey, China and India.  Its lines of business is importing and exporting garments, fabrics and accessories along with developing various projects in all fields of textiles.

Fan’s International is trading in the following products:-

·                                             Garments – ladies wear, men swear, kid swear

·                                             Bridal – fabric, accessorize

·                                             Evening dress – dresses, accessories

·                                             Fabric – knitted, woven

In order to penetrate the international market further, the subject has taken part in fairs and exhibitions held in Hong Kong.

For instance, it is going to take part in “Hong Kong Fashion Week for Fall/Winter” which will be held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during the period of 16th to 19th July, 2012.

It is likely that the Turkey 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 Turkey 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 over two years.

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.51.83

UK Pound

1

Rs.79.42

Euro

1

Rs.65.90

 

 

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.