MIRA INFORM REPORT

 

 

Report Date :           

07.03.2012

 

IDENTIFICATION DETAILS

 

Name :

KEC  TRADING  INTERNATIONAL  LTD.

 

 

Corresponding Address:

 

c/o Henry Law & Company, Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai

 

 

Country :

Hong Kong

 

 

Year of Establishment :

2008

 

 

Com. Reg. No.:

Not Available

 

 

Legal Form :

Not Available

 

 

Line of Business :

trading in plastic scraps like PET/HDPE, other recycled materials, etc. 

 

 

No. of Employees :

01

 

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

 

Status :

Not Registered in Hong Kong

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

 

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 30th, 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

 

KEC TRADING INTERNATIONAL LTD.

 

 

Company ADDRESS

 

Corresponding Address:-

c/o Henry Law & Company

Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong.

 

Associated Company:-

KEC Trading International Ltd.

Yucan West Road, Hangzhou City, Zhejiang Province, China.

[Tel:      86-571-6177 0391

Fax:      86-571-6177 0392

Mobile:  86-13706514822 (office), 13588395672

E-mail:  elandzhu2008@gmail.com ]

 

 

GENERAL

 

Please be advised that there is no such a firm known as KEC Trading International Ltd. registered with the Companies Registry of Hong Kong.

Your given address Room 301-302, 3/F., Hang Seng Wanchai Building, 200 Hennessy Road, Wanchai, Hong Kong is the registered and operating address of an accountant firm Henry Law & Company.  It is likely that the subject is using the operating address of the accountant firm as its corresponding address in Hong Kong.

According to the phone number 86-571-6177 0391 you provided, we reach a firm known as KEC Trading International Ltd. [KEC] which is in Hangzhou City, Zhejiang Province, China.

Established in 2008, KEC is trading in plastic scraps like PET/HDPE, other recycled materials, etc.  The contact person of KEC is Ms. Eland Zhu who is a China citizen of Hangzhou.  She is just an employee of KEC.

On the whole, since the subject has not registered with the Hong Kong Government, consider it not suitable for any business engagements.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.03

UK Pound

1

Rs.79.32

Euro

1

Rs.66.02

 

 

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.