MIRA INFORM REPORT

 

 

Report Date :

03.03.2012

 

IDENTIFICATION DETAILS

 

Name :

AVION  INTERNATIONAL  GROUP  (HK)  LTD.

 

 

Registered Office :

Unit 17, 10/F., Block A, Proficient Industrial Centre, 6 Wang Kwun Road, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

22.06.2006

 

 

Com. Reg. No.:

36896114

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Stationery, paper products, etc.

 

 

No. of Employees :

4

 

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 – September 30, 2011

 

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

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 and address

 

AVION  INTERNATIONAL  GROUP  (HK)  LTD.

 

 

ADDRESS:       Unit 17, 10/F., Block A, Proficient Industrial Centre, 6 Wang Kwun Road, Kowloon Bay, Kowloon, Hong Kong.

 

PHONE:                        3568 2835

 

FAX:                 3113 6890

 

 

MANAGEMENT

 

Managing Director:  Mr. Lee Siu Ming

 

 

SUMMARY

 

Incorporated on:             22nd June, 2006.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   4.

 

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

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Head Office:-

Unit 17, 10/F., Block A, Proficient Industrial Centre, 6 Wang Kwun Road, Kowloon Bay, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

36896114

 

 

COMPANY FILE NUMBER

 

1054321

 

 

MANAGEMENT

 

Managing Director:  Mr. Lee Siu Ming

 

 

CAPITAL

 

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

 

Issued Share Capital: HK$1.00

 

 

SHAREHOLDER

(As per registry dated 22-06-2011)

 

Name

 

No. of share

LEE Siu Ming

 

1

=

 

 

DIRECTOR    

(As per registry dated 22-06-2011)

 

Name

(Nationality)

 

Address

LEE Siu Ming

Flat A, 33/F., Block 2, Richland Garden, Kowloon Bay, Kowloon, Hong Kong.

 

SECRETARY

(As per registry dated 22-06-2011)

 

Name

Address

Co. No.

Hong Kong Secretarial Service Ltd.

Unit 1, 25/F., Yen Sheng Centre, 64 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong.

0506849

 

 

HISTORY

 

The subject was incorporated on 22nd June, 2006 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:                           Stationery, paper products, etc.

 

Employees:                   4.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       Japan, Southeast Asia, Europe, North America, etc.

 

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

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

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

 

Issued Share Capital:     HK$1.00

 

Profit or Loss:                Making a small profit in the past two years.

 

Condition:                       Keeping in a satisfactory 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:                      Small.

 

 

GENERAL

 

Having issued 1 ordinary share of HK$1.00, Avion International Group (HK) Ltd. is wholly owned by Mr. Lee Siu Ming who is a Hong Kong merchant.  He is also the only director of the subject.

Incorporated in June 2006, the subject is a stationery trader.  According to the subject, it is trading the following commodities:-

·         Paper and paper products

·         Small-sized office equipment

·         Cutter, staples, adhesive tape, adhesive tape dispenser, etc.

·         Electronic products, etc.

Most of the commodities are sourced from China and other Asian countries.  Markets are Japan, Southeast Asia, Europe, North America, etc.  Business is normal.  Making a small profit in the past two years, however, profit margin was low.

The subject’s business is chiefly handled by Lee himself.  History in Hong Kong is just over five years and eight months.

On the whole, consider the subject good for normal business engagements in small credit amounts.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.35

UK Pound

1

Rs.78.68

Euro

1

Rs.65.63

 

 

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.