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Report Date : |
23.06.2012 |
IDENTIFICATION DETAILS
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Name : |
SINO-SIPGIL
HONGKONG CONSULTANT CO.
LTD |
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Registered Office : |
c/o SBC
Corporate Services Ltd., 11/F., AXA Centre, |
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Country : |
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Date of Incorporation : |
02.12.2008 |
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Com. Reg. No.: |
50064400 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Industrial Catalysts & Chemicals, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
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 |
|
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 |
SINO-SIPGIL HONGKONG CONSULTANT CO. LTD.
c/o SBC Corporate Services Ltd.
11/F., AXA Centre, 151 Gloucester Road, Wanchai, Hong Kong.
PHONE: 2507 7219
FAX: 2507 7225
Managing Director: Mr. Bashir Khalid
Incorporated on: 2nd December, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory
Registered Head
Office:-
c/o SBC Corporate Services Ltd.
11/F., AXA Centre, 151 Gloucester Road, Wanchai, Hong Kong.
Associated
Companies:-
Sipgil Group, Pakistan.
Techno Trade Consultants, Pakistan.
50064400
1291375
Managing Director: Mr. Bashir Khalid
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 02-12-2011)
|
Name |
|
No. of share |
|
Bashir Khalid |
|
10,000 ===== |
(As per registry
dated 02-12-2011)
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Name (Nationality) |
Address |
|
Bashir Khalid |
Room 3-1903, Jiaye Int’l Town, No. 158, Lushan Road, Jianye District, Nanjing, Jiangsu, China. |
(As per registry
dated 02-12-2011)
|
Name |
Address |
Co.
No. |
|
SBC Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre, 1 Wang Kwong Road, Kowloon Bay, Kowloon, Hong Kong. |
0618863 |
The subject was incorporated on 2nd December, 2008 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: Industrial Catalysts & Chemicals, etc.
Employees: Nil.
Commodities Imported: Pakistan, India, other Asian countries, etc.
Markets: China, other Asian countries, etc.
Annual Turnover: Not reported.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
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: 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 10,000 ordinary shares of HK$1.00 each, Sino-Sipgil HongKong Consultant Co. Ltd. is wholly owned by Mr. Bashir Khalid who is an Pakistani. He is a Pakistan passport holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject. Most of the time, Bashir Khalid is in Nanjing City, Jiangsu Province, China.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at ‘11/F., AXA Centre, 151 Gloucester Road, Wanchai, Hong Kong’ known as ‘SBC Corporate Services Ltd.’ which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. SBC Corporate Services Ltd. has several offices in Hong Kong.
The subject has no employees in Hong Kong. It is in fact a member of Sipgil Group which is in Pakistan. It is engaged in the same lines of business as the Group.
Sipgil Group is one of the leading group of companies trading in a complete range of industrial catalysts and chemicals, catalyst manufacturing, complete on turn key/epc basis new plants, supplies of machinery and consultancy services.
Sipgil Group was established in 1987 in Pakistan with its office in Lahore (one of the metropolitan trade centres of Pakistan) and branches in Islamabad and Karachi. Sipgil China was established in year 2000 with office in Nanjing, China. Bashir Khalid currently is administering the business of Sipgil China in Nanjing City, Jiangsu Province, China.
Sipgil Group has established its joint ventures in manufacturing of catalysts in China and joint business for designs, installation and commissioning of projects.
The Group’s associate Sipgil Techno Trade Consultants [Sipgil TTC] is the authorised representative of some of the reputed ISO Quality certified China, US and other European companies and exclusive distributor of their products and services in Pakistan and abroad. Sipgil TTC is also in Pakistan.
Sipgil Group of companies is a leading international business house has been engaged in trading, marketing, joint manufacturing, new/old projects turn key basis handling (from designing to commissioning), engineering and contracting since1987. The Group has had strong net work and financial limited company in China as well as exclusive registered group mark with the Government of Pakistan.
It is likely that the Sipgil China deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Sipgil China 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 three and a half 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.56.99 |
|
UK Pound |
1 |
Rs.88.97 |
|
Euro |
1 |
Rs.71.57 |
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 |
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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 |
|
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.