MIRA
INFORM REPORT
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Report Date : |
28.01.2012 |
IDENTIFICATION DETAILS
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Name : |
JINGFU INTERNATIONAL GROUP LTD |
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Registered Office : |
c/o HKRTP Ltd. MOWA2207, Room 1007, 10/F., Ho King Centre, 2-16 Fa Yuen Street, Mongkok,
Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.09.2006 |
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Com. Reg. No.: |
37130248 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of garment
accessories, etc |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small company |
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Payment Behaviour : |
No complaints |
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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) |
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Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
Company name
JINGFU
INTERNATIONAL GROUP LTD.
Company ADDRESS
c/o HKRTP Ltd.
MOWA2207, Room
1007, 10/F., Ho King Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Managing
Director: Mr. Zhong Jiewu
SUMMARY
Incorporated on: 6th September, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company name
JINGFU
INTERNATIONAL GROUP LTD.
Company ADDRESS
Registered
Head Office:-
c/o HKRTP Ltd.
MOWA2207, Room
1007, 10/F., Ho King Centre, 2-16 Fa Yuen Street, Mongkok, Kowloon, Hong Kong.
Associated
Company:-
Foshan Jingfu
Garment Accessories Co. Ltd.
Block 1, Children
Garment City, Chao’an Road, Chancheng District, Foshan City, Guangdong
Province, China.
BUSINESS REGISTRATION NUMBER
37130248
COMPANY FILE NUMBER
1072247
MANAGEMENT
Managing
Director: Mr. Zhong Jiewu
CAPITAL
Nominal Share
Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1,000,000.00
SHAREHOLDER: (As per registry dated 06-09-2011)
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Name |
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No.
of shares |
|
ZHONG Jiewu |
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1,000,000 ======= |
DIRECTOR
(As
per registry dated 06-09-2011)
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Name (Nationality) |
Address |
|
ZHONG Jiewu |
Room 1504, Block B1, Shenghui Court, Chao’an
Road, Chancheng District, Foshan City, Guangdong Province, China. |
SECRETARY
(As
per registry dated 06-09-2011)
|
Name |
Address |
Co.
No. |
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HKRTP
Ltd. |
Room 1007, 10/F., Ho King Centre, 2-16 Fa Yuen Street, Mongkok,
Kowloon, Hong Kong. |
0663489 |
HISTORY
The
subject was incorporated on 6th September, 2006 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Jingfu International Co. Ltd., name
changed to the present style on 25th November, 2006.
Formerly
the subject’s registered address was located at Room 1001, 10/F., Tai Yau
Building, 181 Johnston Road, Wanchai, Hong Kong where is the operating address
of a consultant firm, moved to the present address in September 2009 as the
subject has changed its commercial service provider since then.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of garment accessories, etc.
Employees: Nil.
Commodities Imported:China, etc.
Markets: China, India, other Asian countries, Europe, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
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
Having
issued 1 million ordinary shares of HK$1.00 each, Jingfu International Group
Ltd. is wholly owned by Mr. Zhong Jiewu who is a China merchant. He is a China passport holder and does not
have the right to reside in Hong Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at
MOWA2207, Room 1007, 10/F., Ho King Centre, 2-16 Fa Yuen Street, Mongkok,
Kowloon, Hong Kong known as HKRTP Ltd. which is handling its correspondences and
documents. HKRTP Ltd. is also the
corporate secretary of the subject. The
subject has no employees in Hong Kong.
The
subject has had an associated company in China known as Foshan Jingfu Garment
Accessories Co. Ltd. [Foshan Jingfu].
Set up in 1986, Foshan Jingfu is specialized in dress and personal
adornment producing, processing, dyeing, etc.
Now, it has had its own factory, five departments, and five chain
shops. Foshan Jingfu’s products include
9 series: trimming, patch, lace. flower, belt, iron-on motifs, dolls, rope and
ribbon, label, button and zipper. It has
had a number of professionals.
Currently, it has about 200 employees.
Its registered capital was RMB5 million Yuan. Zhong Jiewu is the legal representative of
Foshan Jingfu.
It
is likely that Foshan Jingfu deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. Foshan Jingfu 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 five 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
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|
1 |
Rs.77.79 |
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Euro |
1 |
Rs.65.05 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.