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Report Date : |
06.06.2012 |
IDENTIFICATION DETAILS
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Name : |
KINGFORTUNE RESOURCE CO. LTD. |
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Registered Office : |
Flat C, 8/F., Tower 3, The Palazzo, |
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Country : |
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Date of Incorporation : |
15.12.2009 |
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Com. Reg. No.: |
51555797 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Coal, iron ore, 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 – 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 |
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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 |
KINGFORTUNE RESOURCE
CO. LTD.
ADDRESS: Flat C, 8/F., Tower 3, The
Palazzo, 28 Lok King Street, Fo Tan, Shatin, New Territories, Hong Kong.
PHONE: 5622 3648
FAX: Not available
Managing Director: Mr. Chen She
Incorporated on: 15th
December, 2009.
Organization: Private
Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Importer and Exporter.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Address:-
c/o Hong Kong Accountant Firm
Unit 1820, 18/F., Nan Fung Centre, 264-298 Castle Peak Road,
Tsuen Wan, New Territories, Hong Kong.
Operating Office:-
Flat C, 8/F., Tower 3, The Palazzo, 28 Lok King Street, Fo Tan, Shatin,
New Territories, Hong Kong.
51555797
1401941
Managing Director: Mr. Chen She
Nominal Share Capital: HK$100,000.00
(Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry dated 15-12-2011)
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Name |
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No. of shares |
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CHEN She |
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100,000 ====== |
(As per registry dated 15-12-2011)
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Name (Nationality) |
Address |
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CHEN She |
Room 302, No.7 Dayuan, No. 468 Huanshidong Road,
Dongshan District, Guangzhou City, Guangdong Province, China. |
(As per registry dated 15-12-2011)
|
Name |
Address |
Co. No. |
|
Team Wise Consultancy Ltd. |
Unit B, 16/F., CKK Commercial Centre, 289-295 Hennessy Road, Wanchai,
Hong Kong. |
1227646 |
The subject was incorporated on 15th December, 2009 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
and Exporter.
Lines: Coal,
iron ore, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: India,
other Asian countries, etc.
Annual Turnover: Not reported.
Terms/Sales:
As per contracted.
Terms/Buying: Various
terms.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100,000.00
Profit or Loss: Too early to offer an opinion.
Condition: Business
is under development.
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 100,000 ordinary shares of HK$1.00 each, Kingfortune
Resource Co. Ltd. is wholly owned by Mr. Chen She 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.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Unit 1820, 18/F., Nan Fung Centre, 264-298 Castle Peak
Road, Tsuen Wan, New Territories, Hong Kong’ which is handling its
correspondences and documents.
The subject’s operating address is located at Flat C, 8/F., Tower 3, The
Palazzo, 28 Lok King Street, Fo Tan, Shatin, New Territories, Hong Kong where
is in a residential building. This is
the residence of Chen when he is in Hong Kong.
Given phone number belongs to the above-mentioned residence.
The subject has no employees in Hong Kong.
The subject is trading in coal, iron ore, etc. Commodities are chiefly sourced from
China. Prime markets are Japan, India,
other Asian countries, etc. Business is
still under development.
It is likely that the subject has had an office in Guangzhou City,
Guangdong Province, China.
The subject’s business is chiefly handled by Chen himself. History in Hong Kong is just over two
years and five months.
On the whole, since the history of the subject is short in Hong Kong,
consider it good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.56 |
|
|
1 |
Rs.85.52 |
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Euro |
1 |
Rs.69.50 |
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 |
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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 |
-- |
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.