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Report Date : |
20.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
EASTABER
INDUSTRIES, LTD. |
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Registered Office : |
c/o Charter
Friend Ltd., Room A, 7/F., |
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Country : |
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Date of Incorporation : |
22.02.2002 |
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Com. Reg. No.: |
32401115 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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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 |
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Status : |
No operating office in |
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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EASTABER INDUSTRIES, LTD.
Registered
Office:-
c/o Charter Friend Ltd.
Room A, 7/F., China Overseas Building, 139 Hennessy Road, Wanchai, Hong Kong.
32401115
0786965
22nd February, 2002.
Nominal Share Capital: HK$200,000.00 (Divided into 200,000 shares of HK$1.00 each)
Issued Share Capital: HK$200,000.00
(As per registry
dated 22-02-2012)
|
Name |
|
No.
of shares |
|
WANG Li Ping |
|
200,000 ====== |
(As per registry
dated 22-02-2012)
|
Name (Nationality) |
Address |
|
WANG Li Ping |
No. 114 Street Binhe, Town Liuhe, City
Taicang, Province Jiangsu Postcode: 215431, People’s Republic of China. |
(As per registry
dated 22-02-2012)
|
Name |
Address |
Co. No. |
|
Charter
Friend Ltd. |
Room A, 7/F., China Overseas Building, 139 Hennessy Road, Wanchai,
Hong Kong. |
0316217 |
Eastaber
Industries, Ltd. was incorporated on 22nd February, 2002 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally
the subject was registered under the name of Xin De International Industry
Ltd., name changed to the present style on 28th March, 2008.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at “Room
A, 7/F., China Overseas Building, 139 Hennessy Road, Wanchai, Hong Kong” known
as “Charter Friend Ltd.” which is handling its correspondences and
documents. Charter Friend Ltd. is also
the corporate secretary of the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 200,000 ordinary
shares of HK$1.00 each which are wholly-owned by Ms. Wang Li Ping who is a
China businesswoman. She is a Canada
passport holder and does not have the right to reside in Hong Kong
permanently. She is also the only
director of the subject.
The
subject’s lines of business are unknown since the secretarial firm knows
nothing about its business.
Ms.
Wang Li Ping cannot be reached as she is in China most of the time.
No
information of the subject can be obtained from our secondary sources.
It
is likely that the subject has got an associated company in Jiangsu Province,
China which is also operated by Wang.
It
is also 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 over ten 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.56.01 |
|
UK Pound |
1 |
Rs.87.85 |
|
Euro |
1 |
Rs.70.54 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.