MIRA INFORM REPORT

 

 

Report Date :

21.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HONG  KONG  TOTAL  TRADE  CO.  LTD.

 

 

Registered Office :

Unit A1301, 13/F., Kwai Shing Industrial Building, Phase 1, 36-40 Tai Lin Pai Road, Kwai Chung, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

26.07.2002

 

 

Com. Reg. No.:

32895457

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Leather chemical raw materials, etc.

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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

Restricted

 

C2

Off-credit

 

D

Company name

 

HONG  KONG  TOTAL  TRADE  CO.  LTD.

 

 

Company ADDRESS

 

Unit A1301, 13/F., Kwai Shing Industrial Building, Phase 1, 36-40 Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong.

PHONE:            2422 7076, 2422 7080

FAX:                 2422 7060

E-MAIL:            hktotal@biznetvigator.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Cai Chao

 

 

SUMMARY

 

Incorporated on:             26th July, 2002.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:                          HK$10.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   5.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

COMPANY ADDRESS

 

Registered Head Office:-

Unit A1301, 13/F., Kwai Shing Industrial Building, Phase 1, 36-40 Tai Lin Pai Road, Kwai Chung, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

32895457

 

 

COMPANY FILE NUMBER

 

0807685

 

 

MANAGEMENT

 

Managing Director:  Mr. Cai Chao

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10.00

 

 

SHAREHOLDER  

(As per registry dated 26-07-2011)

 

Name

 

No. of share

CAI Chao

 

10

==

 

 

DIRECTOR

(As per registry dated 02-04-2012)

 

Name

(Nationality)

 

Address

CAI Chao

Room 602, Zhenqian Commercial Building, Wenzhou City, Zhejiang Province, China.

 

 

SECRETARY 

(As per registry dated 26-07-2011)

 

Name

Address

Co. No.

Century Company Secretarial Services Ltd.

Room 2002, 20/F., Millennium City Tower 1, 370 Kwun Town Road, Kowloon, Hong Kong.

0470434

 

 

HISTORY

 

The subject was incorporated on 26th July, 2002 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.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Leather chemical raw materials, etc.

 

Employees:                   5.

 

Commodities Imported:   China, India, other Asian countries, etc.

 

Markets:                       India, China, other Asian countries, Europe, etc.

 

Annual Turnover:            Not reported.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               As per contracted.

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10.00

 

Profit or Loss:                Making a small profit every year.

 

Condition:                       Keeping in a normal manner.

 

Facilities:                      Making rather 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:                      Normal.

 

 

GENERAL

 

Having issued 10 ordinary shares of HK$1.00 each, Hong Kong Total Trade Co. Ltd. is wholly owned by Mr. Cai Chao who is a China merchant.  He is a China passport holder and does not have the right to reside in Hong Kong permanently.  He is also the only director of the subject.

The subject is an agency company of leather chemical raw materials.  Commodities are imported from India, other Asian countries, etc.  The subject also exports China made products to the other Asian countries, Europe, Central and South America, etc.  Business is normal.

Mr. CAI Chao has developed business ties with a number of leather product manufacturers, leather chemical traders and leather chemical manufacturers in China, especially in Wenzhou City, Zhejiang Province, China.

As the history of the subject is about ten years in Hong Kong, on the whole, consider it good for normal business engagements in moderate credit amounts.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.86

UK Pound

1

Rs.87.93

Euro

1

Rs.70.88

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.