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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
EVERGREEN PRODUCTS FACTORY
LTD |
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Registered Office : |
Flat A, 11/F. & 14/F., Chiap Luen Industrial Building, 30-32 Kung Yip
Street, Kwai Chung, New Territories |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.12.1993 |
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Com. Reg. No.: |
17778448 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Manufacturer of all Kinds of Wigs, Hair Products, Etc. |
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No. of Employees : |
40 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EVERGREEN PRODUCTS
FACTORY LTD.
Flat A, 11/F.
& 14/F., Chiap Luen Industrial Building, 30-32 Kung Yip Street, Kwai Chung,
New Territories, Hong Kong.
PHONE: 2427 5468, 2427 5899,
2428 7133
FAX: 2420 3938, 2420 3902
E-MAIL: epfreg@epfhk.com
Managing
Director: Mr. Chang Yoe Chong, Felix
Incorporated on: 14th December, 1993.
Organization: Private Limited Company.
Capital: Nominal: HK$3,000,000.00
Issued: HK$3,000,000.00
Business Category: Importer, Exporter and Manufacturer.
Employees: 40. (Hong Kong)
Main Dealing Banker: Hang Seng Bank Ltd., Hong Kong.
Banking Relation: Satisfactory.
EVERGREEN
PRODUCTS FACTORY LTD.
Registered
Head Office:-
Flat A, 11/F.
& 14/F., Chiap Luen Industrial Building, 30-32 Kung Yip Street, Kwai Chung,
New Territories, Hong Kong.
G.P.O. Box 3263,
Hong Kong.
Business
Names:- (Same address)
Evergreen Products
Factory, Hong Kong. [BR
No. 17778448-001]
Evergreen Company,
Hong Kong. [BR
No. 17778448-002]
Holding
Companies:-
CLC Global Co.
(PTC) Ltd., British Virgin Islands.
FC Global Co.
(PTC) Ltd., British Virgin Islands.
Associated
Companies:- (Same address)
Eastern Earnings
(China) Co. Ltd., Hong Kong.
Eastern Earnings
Trading Co., Hong Kong.
EPF Global
Enterprises Ltd., Hong Kong.
EPF International
Ltd., Hong Kong.
Evergreen
Investment Holding Ltd., Hong Kong.
17778448
0457094
Managing
Director: Mr. Chang Yoe Chong, Felix
Director &
Contact Person: Ms. Mak Man Yi, Manly
Nominal Share
Capital: HK$3,000,000.00 (Divided into 30,000 shares of HK$100.00 each)
Issued Share
Capital: HK$3,000,000.00
(As per registry dated 14-12-2011)
|
Name |
|
No.
of shares |
|
CLC Global Co. (PTC) Ltd. P.O. Box 916,
Woodbourne Hall, Road Town, Tortola, British Virgin Islands |
|
15,300 |
|
FC Global Co. (PTC) Ltd. P.O. Box 916, Woodbourne Hall, Road Town, Tortola, British Virgin
Islands |
|
14,700 |
|
|
|
–––––– |
|
|
Total: |
30,000 ===== |
(As per registry dated 14-12-2011)
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Name (Nationality) |
Address |
|
CHAN Kwok Keung |
Room 409, 4/F., Wang Cho House, Wang Tau
Hom Estate, Kowloon, Hong Kong. |
|
CHANG Chih Lung |
Flat B, 17/F., Wing Hong Mansion, 62
MacDonnell Road, Mid-Levels, Hong Kong. |
|
CHANG Yoe Chong,
Felix |
Flat B, 17/F., Wing Hong Mansion, 62
MacDonnell Road, Mid-Levels, Hong Kong. |
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CHO Joo Sub |
Flat 12A, Block 6, Xian Dai Cheng Hua
Ting, Chuang Ye Lu, Nanshan District, Shenzhen, China. |
|
KWOK
Yau Lung, Anthony |
Flat H, 46/F., Block 2, Grand Waterfront,
38 San Ma Tau Street, Tokwawan, Kowloon, Hong Kong. |
|
MAK
Man Yi |
Flat C, 7/F., Block 4, Phase 1, Monte
Vista, Ma On Shan, New Territories, Hong Kong. |
(As per registry dated 14-12-2011)
|
Name |
Address |
Co.
No. |
|
M.K.
Secretarial Services Ltd. |
Room 1601, 16/F., Wing On Centre, 111 Connaught Road Central,
Hong Kong. |
0152249 |
The
subject was incorporated on 14th December, 1993 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 Manufacturer.
Lines: All kinds of wigs, hair products, etc.
Brand Names: “La Buosse” and “EPF”.
Employees: 40. (Hong Kong) About 10,000. (China)
Raw Materials: Imported from European countries, some of the Asian countries and finished products from China.
Markets: China, Hong Kong, Japan, South Korea, Taiwan, Australia, other Asian countries, Europe, North America, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$3,000,000.00 (Divided into 30,000 shares of HK$100.00 each)
Issued Share Capital: HK$3,000,000.00
Mortgage or Charge (since April 2011): (See attachment)
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:
Hang Seng Bank
Ltd., Hong Kong.
The Bank of East
Asia Ltd., Hong Kong.
The Hongkong &
Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Good.
Having
issued 30,000 ordinary shares of HK$100.00 each, Evergreen Products Factory
Ltd. is jointly owned by two BVI-registered firms: CLC Global Co. (PTC) Ltd.,
holding 51% interests; and FC Global Co. (PTC) Ltd., holding 49%.
The
subject is a wig manufacturer and trader.
It is a wig and hairpiece specialist and manufacturer. It has more than 20 years experience in
exporting premium merchandise worldwide.
Its production lines are in mainland China, with sophisticated
management and high skilled workers.
Currently
the subject has set up offices and factories in Shanghai, Guangzhou, Shenzhen
Special Economic Zone, Kunming of Yunan Province and Henan Province. In total, there are about 10,000 employees in
China.
The
subject’s products are marketed in Hong Kong and China, exported to Japan,
South Korea, Taiwan, other Asian countries, Europe, North America, South
America, Australia, etc.
The
subject’s products can be categorized into black people wigs, white people
wigs, toupees, drawstrings, weaving wigs, hairpieces and hair accessories, doll
wigs, carnival and Halloween wigs, etc.
The
subject uses good quality fibre Kanekalon which is imported from Japan and
other fibres as well to ensure diversified designs and prices to meet the needs
of its customers. It has had a in-house
designer team who is creating new items and blending new colours in order to
satisfy the ever-changing markets.
The
subject has registered its trade mark “EPF” in Hong Kong and “La Buosse”
in China.
In
order to penetrate the international market further, the subject has taken part
in fairs and exhibitions held in Hong Kong and other foreign large cities.
For
instance, it took part in “Hong Kong Toys & Games Fair 2012” which had been
held in Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong during
the period of 9th to 12th January, 2012.
The
subject’s business is chiefly handled by the directors of the subject. History in Hong Kong is over eighteen
years. Annual sales turnover is very
significant.
On
the whole, consider it good for normal business engagements.
(Since April 2011)
|
Date |
Particulars |
Amount |
|
24-10-2011 |
Instrument: Charge
over Deposits/Securities (3 Parties) Property: The Chargor charges by way of first fixed charge
to the Bank all the right, title and interest of the Chargor in and to the
Charged Assets. Mortgagee: Hang
Seng Bank Ltd., Hong Kong. |
To secure all monies |
|
28-10-2011 |
Instrument: Charge
On Cash Deposit and/or Shares and Securities Property: A cash deposit of CNY1,888,186.52 and all
interests thereon under Account No. 015-213-30-400193-3 Deposit no. 0001 Mortgagee: The
Bank of East Asia Ltd., Hong Kong. |
To secure credit facilities or financial accommodation |
|
28-10-2011 |
Instrument: Charge
on Cash Deposit and/or Shares and Securities to secure Third Party
Obligations Property: A cash deposit of the sum of money from
time to time under Account No. 213-30-400193-3 Mortgagee: The
Bank of East Asia Ltd., Hong Kong. |
All money |
|
18-11-2011 |
Instrument: Charge
over Securities and Receivables Property: All the right, title and interest of the
customer in and to the Securities and Receivables. Mortgagee: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Secured Moneys |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.22 |
|
|
1 |
Rs.78.63 |
|
Euro |
1 |
Rs.65.53 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.