MIRA INFORM REPORT
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Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
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Name : |
WIN
FAITH TRADING LTD. |
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Registered Office : |
c/o Orion House Secretarial Ltd., Room 1401, 14/F., World Commerce Centre, Harbour City, 7‑11 Canton Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.07.2009 |
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Com. Reg. No.: |
51287310 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer and Exporter of all kinds of machinery and equipment, steel, mineral, coal, petrochemicals, timber, farm and pasture products, etc. |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
WIN FAITH
TRADING LTD.
c/o Orion House Secretarial Ltd.
Room 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2736 7372
FAX: 2736 8895
Managing Director: Mr. Zhang Zhi Yu
Incorporated on: 23rd July, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100,000.00
Business Category: Machinery and Equipment Trader.
Employees: Nil.
Main Dealing Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o Orion House Secretarial Ltd.
Room 1401, 14/F., World Commerce Centre, Harbour City, 7‑11 Canton Road, Tsimshatsui, Kowloon, Hong Kong.
Immediate Holding
Company:-
SUMEC International Technology Co. Ltd., China.
Intermediate Holding
Company:-
SUMEC Group Corporation [SUMEC], China.
Ultimate Holding
Company:-
China National Machinery Industry Corporation [SINOMACH], China.
Sister Companies:-
Shanghai SUMEC International Trade Co. Ltd., China.
SUMEC Automobile Trading Co. Ltd., China.
Tianjin SUMEC Internationala Trade Co. Ltd., China.
Associated/Affiliated
Companies:-
SUMEC Group of
Companies
Jiangsu Changjiang
Textile Trading Co. Ltd., China.
Jiangsu Modern
Shipbuilding Technology Co. Ltd., China.
Jiangsu SUMEC Delong
Automobile Parts Manufacture Co. Ltd., China.
Nanjing Everbright
Garment Co. Ltd., China.
SUMEC Construction
Machinery Co. Ltd., China.
SUMEC Engineering
Equipment Co. Ltd., China.
SUMEC Era Garment Co.
Ltd., China.
SUMEC Fortune Wood
Co. Ltd., China.
SUMEC Garment Co.
Ltd., China.
SUMEC General
Equipment Trade & Consultation Co. Ltd., China.
SUMEC Home Textile
Co. Ltd., China.
SUMEC Innovation Home
Textile Co. Ltd., China.
SUMEC Instruments
& Equipment Co. Ltd., China.
SUMEC J.J.O. Textile
& Garment Co. Ltd., China.
SUMEC Jinyuan Wood
Co. Ltd., China.
SUMEC Manufacturing
Venture Co. Ltd., China.
SUMEC Orient Textile
Co. Ltd., China.
SUMEC Technology
Equipment Co. Ltd., China.
SUMEC Tianyuan
Garment Co. Ltd., China.
SUMEC-LINHAI Power
Machinery Co. Ltd., China.
UNITOOLS Machinery
Manufacturing Co. Ltd., China.
Wuxi Mak Sunhill
Conveyer Co. Ltd., China.
etc.
51287310
1354764
Managing Director: Mr. Zhang Zhi Yu
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
(As per registry
dated 23-07-2011)
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Name |
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No. of shares |
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SUMEC International Technology Co. Ltd. 11/F., 198 Chang Jiang Road, Nanjing, China. |
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100,000 ====== |
(As per registry
dated 23-07-2011)
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Name (Nationality) |
Address |
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ZHANG Zhi Yu |
Room 503, Block 6, Huang Pu Garden, Xuan Wu District, Nanjing, China. |
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ZHAO Wei Lin |
Room 103, Block 2, Huang Pu Garden, Xuan Wu District, Nanjing, China. |
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SHI Lei |
Room 106, No. 5 Hong Qiao, Gu Lou District, Nanjing, China. |
(As per registry
dated 23-07-2011)
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Name |
Address |
Co.
No. |
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Orion House Secretarial Ltd. |
Room 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Kowloon, Hong Kong. |
1296458 |
The subject was incorporated on 23rd July, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject’s registered address was located at Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong, moved to the present address in August 2011 as the subject has changed its secretarial firm since then.
Apart from these, neither material change nor amendment has been ever traced and noted.
Activities: Importer and Exporter.
Lines: All kinds of
machinery and equipment, steel, mineral,
coal, petrochemicals, timber, farm
and pasture products, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, Europe, etc.
Markets: China, other Asian countries, Europe, North America, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
Nominal Share Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share Capital: HK$100,000.00
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: Unknown
Commercial Morality: Satisfactory.
Banker: Bank of China (Hong Kong) Ltd., Hong Kong.
Standing: Small.
Having issued 100,000 ordinary shares of HK$1.00 each, Win Faith Trading Ltd. is a wholly owned subsidiary of SUMEC International Technology Co. Ltd. [SUME-ITC] which is a China-based firm. The ultimate holding company of the subject is China National Machinery Industry Corporation [SINOMACH], also a China-based firm.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 1401, 14/F., World Commerce Centre, Harbour City, 7-11 Canton Road, Tsimshatsui, Kowloon, Hong Kong known as Orion House Secretarial Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
The managing director of the subject Mr. Zhang Zhi Yu is a China merchant.
SUMEC-ITC is a core member of
SUMEC Group Corporation [SUMEC], which is a subsidiary of SINOMACH.
In 2009, SUMEC-ITC achieved a
total import and export volume of over US$0.9 billion. In 2010, its main business income hit RMB18.8
billion Yuan and its import and export volume exceeded US$1.6 billion, with its
import volume recorded by Nanjing Customs ranking the top among similar
enterprises for six consecutive years.
The main business scope of
SUMEC-ITC covers the procurement consultation, tendering and import of
mechanical and electrical products, technological equipment; the import and
domestic trade of bulk production materials such as steel, mineral, coal,
petrochemicals, timber, farm and pasture products, etc.; the export of building
materials such as wood-based panels, steel, as well as bathroom accessories,
etc.
The
subject is trading in the same commodities as SUMEC-ITC, more or less.
The legal representative of SUMEC-ITC is also Mr. Zhang Zhi Yu.
SUMEC, founded in 1978, is a key member of SINOMACH.
SUMEC’s core business
consists of shipbuilding and project contracting of complete equipment and
engineering; the R&D, manufacturing and export of machinery and electric
products including power tools, garden tools, power machinery, PV modules,
etc., as well as textiles and garments; domestic trading and international
tendering and the import of technological equipment and production materials.
The subject is fully supported by SUMEC. Its business in Hong Kong is not active. History in Hong Kong is just over two years and seven months.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.31 |
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UK Pound |
1 |
Rs.79.04 |
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Euro |
1 |
Rs.65.82 |
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 |
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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.