MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

HONGKONG  GARLAND  INT’L  LTD.

 

 

Registered Office :

c/o Hong Kong Daiyan Registrations Ltd., Room 1612, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

28.10.2009

 

 

Com. Reg. No.:

51331222

 

 

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 :

No Operating office in Hong Kong

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

HONGKONG  GARLAND  INT'L  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Hong Kong Daiyan Registrations Ltd.

Room 1612, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong. 

[Tel: 3645 8129,  Fax: 3645 8092]

 

 

BUSINESS REGISTRATION NUMBER

 

51331222

 

 

COMPANY FILE NUMBER

 

1385135

 

 

DATE OF INCORPORATION

 

28th October, 2009.

 

 

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

 

 

SHAREHOLDER

(As per registry dated 28-10-2011)

 

Name

 

No. of shares

LU Jianxin

 

10,000

=====

 

DIRECTOR    

(As per registry dated 28-10-2011)

 

Name

(Nationality)

 

Address

LU Jianxin

Room 1103, Block 10, Zijing Garden, 215 Meiling Dadao, Baohe District, Hefei City, Anhui Province, China.

 

 

SECRETARY 

(As per registry dated 28-10-2011)

 

Name

Address

Co. No.

Hong Kong Daiyan Registrations Ltd.

Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong.

0952329

 

 

GENERAL

 

Hongkong Garland Int’l Ltd. was incorporated on 28th October, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

The subject does not have its own operating office.  Its registered office is in a secretarial firm located at “Room 1612, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong” known as “Hong Kong Daiyan Registrations Ltd.” [Daiyan] which is handling its correspondences and documents.  Daiyan is also the corporate secretary of the subject.

Formerly the subject’s registered address was located at “Room 1613, 16/F., Tai Yau Building, 181 Johnston Road, Wanchai, Hong Kong” where was the operating address of an accountant firm “Regent CPA Ltd.”  It moved to the present address in late 2011.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by 

Mr. Lu Jianxin who is a China merchant.  He is a China ID holder and does not have the right to reside in Hong Kong permanently.  He is also the only director of the subject.  Currently, he is residing in Hefei City, Anhui Province, China.

The shares held by Lu formerly was held by Mr. Sun Jiyou who was also a China merchant.  Sun transferred all his shares to Lu in 2011.

The subject’s lines of business are unknown since the accountant firm also knows nothing about it.

No information of the subject can be obtained from our secondary sources.

The director of the subject cannot be reached as he is in China.

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

It is 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 just 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.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.