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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
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Name : |
WORLD
SUNNY LTD. |
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Registered Office : |
Unit 1316-1317, 13/F., |
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Country : |
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Date of Incorporation : |
26.07.2007 |
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Com. Reg. No.: |
38262462 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of leather such as sheepskin, cow skin, pig skin, etc. |
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No. of Employees : |
12. (Including affiliate) |
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
WORLD SUNNY LTD.
Unit 1316-1317, 13/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.
PHONE: 2423 2881
FAX: 2426 2798
Managing Director: Mr. Lee Chi Kuen
Incorporated on: 26th July, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 12. (Including affiliate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 1316-1317, 13/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New Territories, Hong Kong.
Associated/Affiliated
Companies:-
Kingland
Cargo (HK) Co. Ltd., Hong Kong. (Same
address)
Shenzhen Kingland Cargo Logistics Co. Ltd., China.
38262462
1153056
Managing Director: Mr. Lee Chi Kuen
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry
dated 26-07-2011)
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Name |
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No. of share |
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LEE Chi Kuen |
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1 = |
(As per registry dated
26-07-2011)
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Name (Nationality) |
Address |
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LEE Chi Kuen |
Unit 1316-17, 13/F., Asia Trade Centre, 79 Lei Muk Road, Kwai Chung, New Territories, Hong Kong. |
(As per registry
dated 26-07-2011)
|
Name |
Address |
Co.
No. |
|
Dynamic Dragon Secretary & Nominee Ltd. |
Room 1613, 16/F., Miramar Tower, 132 Nathan Road Tsimshatsui, Kowloon, Hong Kong. |
0558570 |
The subject was incorporated on 26th July, 2007 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.
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of leather such as sheepskin, cow skin, pig skin, etc.
Employees: 12. (Including affiliate)
Commodities Imported: Spain, Italy, India, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, etc.
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: Made a small profit in 2010 & 2011.
Condition: Business is normal.
Facilities: Adequate for current running.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 1 ordinary share of HK$1.00, World Sunny Ltd. is solely owned by Mr. Lee Chi Kuen who is a Hong Kong merchant. Lee is also the only director of the subject.
The subject is a leather materials trader. It is trading in all kinds of finished leather and crust leather:-
· Sheep – W/B, crust, finish garment nappa;
· Cow – finish leather for handbags and shoes; &
· Pig – nappa and suede for garment and hand bags.
Leather materials are imported from Spain, Italy, India, etc. Prime markets are China and other Asian countries, etc. According to the subject, it has been trading in the following commodities as well in recent years: moulds, batteries, electronic devices, PCBs, machine parts, hardware, plastic raw materials, etc.
The subject’s business is chiefly handled by Mr. Lee Chi Kuen himself.
The subject shares the same operating office with its affiliated company Kingland Cargo (HK) Co. Ltd. [HK Kingland]. HK Kingland’s main office is in Shenzhen known as Shenzhen Kingland Cargo Logistics Co. Ltd. [Shenzhen Kingland] which is a China-based firm. HK Kingland is offering clients with all kinds of logistics and transportation services.
Shenzhen Kingland also trades in the above-mentioned products. Currently, it has branches and offices both in India and Bengal. It has had good trading cooperation with the suppliers in these countries and is specialized in the skin field. Shenzhen Kingland and HK Kingland can offer clients with purchasing, T/T payment, clearance and logistic services.
Kingland trades in sheepskin, cow skin, pig skin, etc. These materials are processed into straps, vanity bags, shoe leather and so on. Shenzhen Kingland has developed business ties with a number of factories in China.
Shenzhen Kingland is the first logistics company which purchases commodities for its clients from abroad and transports the imported commodities to its customers’ doors in China. Payments are usually made on T/T to foreign suppliers.
Shenzhen Kingland has set up offices in Dongguan City and Shanghai, China.
The subject is engaged in the same lines of business as Shenzhen Kingland.
Since the history of the subject is about five years in Hong Kong, consider it good for normal business engagements in small credit amounts.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
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UK Pound |
1 |
Rs.86.78 |
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Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
<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.