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Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
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Name : |
EQUATOR INTERNATIONAL LTD. |
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Registered Office : |
Room 913, 9/F., |
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Country : |
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Date of Incorporation : |
04.06.1992 |
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Com. Reg. No.: |
15752648 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Textile machinery and equipment, etc. |
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No. of Employees : |
4 |
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 |
|
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 |
EQUATOR INTERNATIONAL
LTD.
ADDRESS: Room 913, 9/F., Flourish
Industrial Building, 33 Sheung Yee Road, Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2753 8062; 2753 8065
FAX: 2750 0525; 2811 3417
E-MAIL: equator@ctimail.com
equator@on-nets.com
Managing Director: Mr. To Yam
Yuen, Tenny
Incorporated on: 4th June, 1992.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer and Exporter.
Annual Turnover: HK$20~25
million.
Employees:
4.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 913, 9/F., Flourish Industrial Building, 33 Sheung Yee Road,
Kowloon Bay, Kowloon, Hong Kong.
15752648
0361038
Managing Director: Mr. To Yam
Yuen, Tenny
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 04-06-2011)
|
Name |
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No. of shares |
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TO Yam Yuen |
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9,999 |
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TSOI Lai Man |
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1 |
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–––––– |
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Total: |
10,000 ===== |
(As per registry dated 04-06-2011)
|
Name (Nationality) |
Address |
|
TO Yam Yuen |
Flat E, 23/F., Yen Kung Mansion, Taikoo Shing, Quarry Bay, Hong Kong. |
|
TSOI Lai Man |
Flat E, 23/F., Yen Kung Mansion, Taikoo Shing, Quarry Bay, Hong Kong. |
TO Yam Yuen (As per registry
dated 04-06-2011)
The subject was incorporated on 4th June, 1992 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: Textile
machinery and equipment, etc.
Employees: 4.
Commodities Imported: Europe, China, India, other Asian countries, etc.
Markets: China,
Asian countries, etc.
Annual Turnover: HK$20~25 million.
Terms/Sales:
L/C, T/T, etc.
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: Making a small profit every year.
Condition:
Keeping in a
satisfactory condition.
Facilities: Making rather active use of general banking
facilities.
Payment:
Met trade
commitments as contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
Equator International Ltd. is almost wholly-owned by Mr. Tenny To Yam
Yuen who is a Hong Kong merchant. The
minor shareholder Ms. Tsoi Lai Man seems to be the wife of To.
The subject commenced business in June 1992.
The subject is trading in textile machinery and equipment. It is carrying the following commodities:-
·
Conveyor System (cigarette making conveyor belt);
·
Machinery — Textile and Garment
(Dyeing/knitting/printing/jet print for fabric from the Netherlands and France,
include for India market);
·
Leather Product Machinery and Equipment;
·
Ball Bearing (Universal joint shaft from Germany);
&
·
All kinds of loom spare parts, etc.
The subject is able to supply new, reconditioned, second hand textile
finishing and printing machines and accessories. The subject sources the textile equipment
from China and European countries.
It is also able to provide engineering work for supervision of
disurantling, re‑erection of textile weaving, finishing and printing
machines to fulfil the needs of its buyers’ factories.
The subject’s machinery and equipment and other products are marketed in
China, exported to the Middle East, Vietnam, India, Pakistan, other Asian
countries, Nigeria, Europe, South America, etc.
Business is normal.
The subject’s business is chiefly handled by To himself. History in Hong Kong is over twenty
years.
According to the subject, it is going to set up an office in China in
order to penetrate the China market further.
The annual sales turnover of the subject ranges from HK$20 to 25
million. Making a small profit every
year.
On the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
|
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
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 |
|
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.