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Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
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Name : |
HONG KONG YIP SHING CO. LTD. |
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Registered Office : |
C/o Hong Kong Hang Sing Technology Room 504, 5/F., Block B, Chung Mei Centre, 15 Hing Yip Street, Kwun Tong, Kowloon |
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Country : |
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Date of Incorporation : |
22.02.2010 |
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Com. Reg. No.: |
51839880 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Capacitor, Diode, Integrated Circuit (IC), Transistor, Electronic Components, etc. |
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No. of Employees : |
3. (Including affiliates) |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office in Hong Kong |
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Payment Behaviour : |
Unknown |
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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) |
|
Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
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 |
HONG KONG
YIP SHING CO.
LTD.
Address: c/o Hong Kong
Hang Sing Technology Co.
Room 504,
5/F., Block B, Chung Mei Centre,
15 Hing Yip
Street, Kwun Tong,
Kowloon,
Hong Kong.
(Your enquiry given as:
HK YIPSHING CO LTD
and address at:
RM 4, BLK P, 5/F, CHUNG MEI CNTR, 15 HING YIP ST. KWUN TONG, KOWLOON )
PHONE: 2797 3899
FAX: 2797 8800
Managing Director: Mr. Zhao Zhuang
Qin
Incorporated on: 22nd
February, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
3. (Including affiliates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o Hong Kong Hang Sing Technology Co.
Room 504, 5/F., Block B, Chung Mei Centre, 15 Hing Yip Street,
Kwun Tong, Kowloon, Hong Kong.
Affiliated Companies: (Same
address)
Hong Kong Hang Sing Technology Co., Hong Kong.
Hong Kong Golden Tai (International) Electronics Co., Hong Kong.
51839880
1424118
Managing Director: Mr. Zhao
Zhuang Qin
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry dated 22-02-2012)
|
Name |
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No. of shares |
|
ZHAO Zhuang Qin |
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10,000 ===== |
(As per registry dated 22-02-2012)
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Name (Nationality) |
Address |
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ZHAO Zhuang Qin |
16A Fu Chang Pavilion, Hai Bin Square, Fu Qiang Road, Fu Tian
District, Shenzhen, China. |
(As per registry dated 22-02-2012)
|
Name |
Address |
Co. No. |
|
Flexkin Corporate Services Ltd. |
Room 2003, 20/F., Mongkok Commercial Centre, 16 Argyle Street,
Mongkok, Kowloon, Hong Kong. |
1237433 |
The subject was incorporated on 22nd February, 2010 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: Capacitor,
Diode, Integrated Circuit (IC), Transistor, Electronic Components, etc.
Employees: 3. (Including affiliates)
Commodities Imported: China, etc.
Markets: China,
other Asian countries, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
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.
Having issued 10,000 ordinary shares of HK$1.00 each, Hong Kong Yip
Shing Co. Ltd. is wholly owned by Mr. Zhao Zhuang Qin who is a China
merchant. He is a China ID card holder
and does not have the right to reside in Hong Kong permanently. He is also the only director of the
subject. Currently Zhao is residing in
Shenzhen Special Economic Zone, China.
The subject does not have its own operating office. Its registered office is in a Hong Kong
registered firm located at “Room 504, 5/F., Block B, Chung Mei Centre, 15 Hing
Yip Street, Kwun Tong, Kowloon, Hong Kong” known as “Hong Kong Hang Sing
Technology Co.” [Hang Sing] which is handling its correspondences and
documents.
There is another firm known as Hong Kong Golden Tai (International)
Electronics Co. [Golden Tai] located at the same office.
The subject has no employees in Hong Kong. All the employees in the office belongs to
Hang Sing and Golden Tai.
The subject is trading in the following commodities:-
Capacitor, Diode, Integrated Circuit (IC), Transistor, Electronic
Components (Excluding Semiconductors), etc.
It is likely that Hang Sing and Golden Tai are business partners of the
subject. Hang Sing is also trading in
the above-mentioned products.
The contact person is Ms. Miranda Tang who is a Hongkongnese.
The history of the subject 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
1 |
Rs.85.47 |
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Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.