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Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
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Name : |
INTERNATIONAL KING (HK) LTD. |
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Registered Office : |
Flat 6-7, 16/F., Comweb Plaza, 12 Cheung Yue Street, Cheung Sha Wan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
19.12.1997 |
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Com. Reg. No.: |
21469285 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Garments, fabrics, textile products, etc. |
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No. of Employees : |
7 |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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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 |
INTERNATIONAL KING
(HK) LTD.
ADDRESS: Flat 6-7, 16/F., Comweb Plaza,
12 Cheung Yue Street, Cheung Sha Wan, Kowloon, Hong Kong.
PHONE: 2399 7719
FAX: 2399 7765
E-MAIL: robertyu@ikdnm.com.hk
Managing Director: Mr. Yu Chi
Tak, Robert
Incorporated on: 19th
December, 1997.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
7.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Flat 6-7, 16/F., Comweb Plaza, 12 Cheung Yue Street, Cheung Sha Wan,
Kowloon, Hong Kong.
21469285
0633271
Managing Director: Mr. Yu Chi Tak,
Robert
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 19-12-2011)
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Name |
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No. of shares |
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YU Chi Tak |
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9,999 |
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LAU Siu Foon |
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1 |
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Total: |
10,000 ===== |
(As per registry dated 19-12-2011)
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Name (Nationality) |
Address |
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YU Chi Tak |
Unit A, 12/F., Tower 2, Caldecott Hill, 2 Caldecott Road, Kowloon, Hong
Kong. |
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LAU Siu Foon |
Unit A, 12/F., Tower 2, Caldecott Hill, 2 Caldecott Road, Kowloon,
Hong Kong. |
(As per registry dated 19-12-2011)
|
Name |
Address |
Co. No. |
|
Good Easy Management Ltd. |
Room 302-303, 3/F., Blissful Building, |
0962261 |
The subject was incorporated on 19th December, 1997 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: Garments,
fabrics, textile products, etc.
Employees: 7.
Commodities Imported: India, China, other Asian countries, Europe, etc.
Markets: China,
other Asian countries, etc.
Terms/Sales: L/C or as per
contracted.
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
Mortgage or Charge:-
Date of Mortgage: 16-09-2008
Amount: To
secure all moneys in respect of general banking facilities
Property: 158/8,048th
parts or shares of and in New Kowloon Inland Lot No. 5487 (Flat 6 & 7 on
16/F. of Comweb Plaza, 12 Cheung Yue Street, Kowloon, Hong Kong.)
Mortgagee: China
Construction Bank (Asia) Corporation Ltd., Hong Kong.
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities:
Making rather
active use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
China Construction Bank (Asia) Corporation
Ltd., Hong Kong.
Bank of China (Hong Kong) Ltd.,
Hong Kong.
Standing: Normal.
Having issued 10,000 ordinary shares of HK$1.00 each, International King
(HK) Ltd. is jointly owned by Mr. Yu Chi Tak and Ms. Lau Siu Foon. They are also directors of the subject. Yu and Lau is a couple.
Incorporated in December 1997, the subject is trading in the following
commodities:-
·
Garments
·
Textile Products
·
Piecegoods Blended Piecegoods
·
Vegetable Fibre
The subject is sourcing commodities from India, China, other Asian
countries, Europe, etc. Prime markets
are Hong Kong, China, other Asian countries, etc. Business is active and steady and regular
foreign suppliers and customers have been maintained. Garments are chiefly exported to Europe and
the United States.
The shareholders of the subject have been engaged in the lines of
business for about twenty years. The
annual sales turnover of the subject is rather significant. Making a small profit every year. The subject operates from a rented office.
As the history of the subject is over fourteen years and two months in
Hong Kong, on the whole, consider it good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.35 |
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|
1 |
Rs.78.68 |
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Euro |
1 |
Rs.65.63 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.