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Report Date : |
15.06.2012 |
IDENTIFICATION DETAILS
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Name : |
INDONESIA CHINA CO. LTD. |
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Registered Office : |
C/o C & T Consultants Ltd. Room 1804, 18/F., Winning Centre, |
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Country : |
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Date of Incorporation : |
26.11.2010 |
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Com. Reg. No.: |
53360382 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Wood and timber, fabrics, electronic products, telecommunication equipment, general merchandises, etc. |
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No. of Employees : |
Not Available |
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 |
|
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 |
INDONESIA CHINA
CO. LTD.
ADDRESS:
C/o C & T Consultants Ltd.
Room 1804, 18/F., Winning Centre, 29 Tai Yau Street, San Po Kong,
Kowloon, Hong Kong.
PHONE: 3599 9459
FAX: 3753 2880
Managing Director: Mr. Wang Chun
Incorporated on: 26th
November, 2010.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Office:-
c/o C & T Consultants Ltd.
Room 1804, 18/F., Winning Centre, 29 Tai Yau Street, San Po Kong, Kowloon,
Hong Kong.
53360382
1533161
Managing Director: Mr. Wang Chun
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
(As per registry dated 26-11-2011)
|
Name |
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No. of shares |
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WANG Chun |
|
51 |
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Josaphat Rahdi Prakosa |
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49 |
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––– |
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Total: |
100 === |
(As per registry dated 26-11-2011)
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Name (Nationality) |
Address |
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WANG Chun |
B-11D, Sen Ji Mei Hao Yuan, No. 25 Jin Mao Xi Lu, Haikou, Hainan,
570125, People's Republic of China. |
(As per registry dated 26-11-2011)
|
Name |
Address |
Co. No. |
|
C & T Consultants Ltd. |
Room 1804, 18/F., Winning Centre, 29 Tai Yau Street, San Po Kong,
Kowloon, Hong Kong. |
0927393 |
The subject was incorporated on 26th November, 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: Wood
and timber, fabrics, electronic products, telecommunication equipment, general
merchandises, etc.
Employees: Nil.
Commodities Imported: Indonesia, India, other Asian countries, etc.
Markets: China,
other Asian countries, etc.
Terms/Sales:
As per contracted.
Terms/Buying: L/C,
T/T, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$100.00
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 100 ordinary shares of HK$1.00 each, Indonesia China Co.
Ltd. is jointly owned by Mr. Wang Chun, holding 51% interests;
Mr. Josaphat Rahdi Prakosa, holding 49%.
The former is a China merchant holding a China passport and residing in
China while the latter seems to be an Indonesian who currently is residing in
Indonesia. Both do not have the right to
reside in Hong Kong permanently. Wang 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 “Room 1804, 18/F., Winning Centre, 29 Tai Yau
Street, San Po Kong, Kowloon, Hong Kong” known as “C & T Consultants Ltd.”
which is handling its correspondences and documents. This firm is also the corporate secretary of
the subject.
The subject has no employees in Hong Kong.
From indirect sources, we have learnt that the subject is engaged in
diversified economy. It is trading in
general merchandises as far as entrusted by buyers. It imports timber, fabric and raw materials
from Indonesia, other Asian countries and markets in China or re-exports to
worldwide countries. It also so sources
electronic products, general household electric appliances, telecommunication equipment
from China suppliers and exports to Indonesia and other foreign countries. Business is still under development.
It is likely that the subject has got associated companies both in
Haikou City, Hainan Province, China and Surabaya, Indonesia which are operated
by the shareholders of the subject respectively.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over a year.
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.55.79 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.70.07 |
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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.