MIRA INFORM REPORT

 

 

Report Date :

20.01.2012

 

IDENTIFICATION DETAILS

 

Name :

LAND  CAPITAL  INTERNATIONAL  LTD.

 

 

Registered Office :

Flat B8, 7/F., Yan On Building, 1 Kwong Wa Street, Mongkok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

24.12.2002

 

 

Com. Reg. No.:

33384271

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small 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 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

 

LAND  CAPITAL  INTERNATIONAL  LTD.

 

 

ADDRESS

 

Registered Office:-

Flat B8, 7/F., Yan On Building, 1 Kwong Wa Street, Mongkok, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

33384271

 

 

Credit Border Line  

 

No maximum credit is advisable as the registered address of the subject is in a residential building.

 

 

COMPANY FILE NUMBER

 

0827160

 

 

DATE OF INCORPORATION

 

 24th December, 2002.

 

 

CAPITAL

 

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

 

Issued Share Capital: HK$2.00

 

 

SHAREHOLDERS

(As per registry dated 24-12-2011)

 

Name

 

No. of shares

CHEUNG Pui Yin

 

1

LU Wei

 

1

 

 

––

 

Total:

2

=

 

 

DIRECTORS

(As per registry dated 24-12-2011)

 

Name

(Nationality)

 

Address

CHEUNG Pui Yin

Flat B8, 7/F., Yan On Building, 1 Kwong Wa Street, Mongkok, Kowloon, Hong Kong.

 

LU Wei

Flat B8, 7/F., Yan On Building, 1 Kwong Wa Street, Mongkok, Kowloon, Hong Kong.

 

 

SECRETARY

 

CHEUNG Pui Yin  (As per registry dated 24-12-2011)

 

 

MORTGAGE OR CHARGE

 

Date of  Deed of Indemnity, Charge Over Deposit and Set-Off:  29-05-2007

Amount:            All actions, suits, proceedings, claims, demands, losses, damages, costs, fees, expenses and/or liabilities

Property:           All the Company’s estate, right, title, claim, benefit and interest to and in the Deposit (No. 012-1245813-5) and all interest from time to time payable thereon and together with all title deeds and documents relating thereto

Mortgagee:        Bank of Communications Co. Ltd., Hong Kong Branch.

 

 

GENERAL

 

Land Capital International Ltd. was incorporated on 24th December, 2002 as a private limited liability company under the Hong Kong Companies Ordinance.

Having issued 2 ordinary shares of HK$1.00 each, the subject is equally owned by Mr. Cheung Pui Yin and Ms. Lu Wei.  Both of whom are Hong Kong merchants.  They are also directors of the subject.  Cheung and Lu seem to be a couple.

The subject does not have its own operating office.  Its registered office is in a private building located at Flat B8, 7/F., Yan On Building, 1 Kwong Wa Street, Mongkok, Kowloon, Hong Kong.  This is the residential address of the two shareholders.  The residential building is not trespassed by outsiders.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.  The subject has no employees in Hong Kong.

The subject’s lines of business are unknown since the directors of the subject cannot be reached.  No information of the subject can be obtained from our secondary sources.

It is likely that the subject has got an associated company in China which is also operated by the two shareholders.

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 registered address in Hong Kong.

The subject’s business in Hong Kong is not active.  History in Hong Kong is over nine years.

Since the subject does not have its own operating office and has no employees in Hong Kong, background is unknown to us, consider it good for business engagements on secured terms.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.29

UK Pound

1

Rs.77.60

Euro

1

Rs.64.67

 

 

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.