MIRA INFORM REPORT
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Report Date : |
20.03.2012 |
IDENTIFICATION DETAILS
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Name : |
UNI
CHEMICALS INTERNATIONAL LTD. |
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Registered Office : |
Room 608, 6/F., Boss
Commercial Centre, 28 Ferry Street, Yaumatei, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.12.2007 |
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Com. Reg. No.: |
38767941 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Food additives, fragrances, food colours, etc. |
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No. of Employees
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03 |
RATING & COMMENTS
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MIRA’s 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 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 |
UNI CHEMICALS INTERNATIONAL LTD.
Room 608, 6/F., Boss Commercial Centre, 28 Ferry Street, Yaumatei, Kowloon, Hong Kong.
PHONE: 2781 1208
FAX: 2781 1608
Managing Director: Mr. Chan Yum Man, Dennis
Incorporated on: 6th December, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
Room 608, 6/F., Boss Commercial Centre, 28 Ferry Street, Yaumatei, Kowloon, Hong Kong.
Associated Companies:-
Guangzhou Kindwin Flavours & Fragrances Co. Ltd., China.
Kindwin Trading Ltd., Hong Kong. (Same address)
38767941
1192684
Managing Director: Mr. Chan Yum Man, Dennis
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 06-12-2011)
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Name |
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No.
of shares |
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CHAN Yum Man, Dennis |
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10,000 ===== |
(As per registry dated
06-12-2011)
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Name (Nationality) |
Address |
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CHAN Yum Man,
Dennis |
Flat 2501, 25/F., Block A, Fair Way
Garden, 3-7 Liberty Avenue, Homantin, Kowloon, Hong Kong. |
(As per registry
dated 06-12-2011)
|
Name |
Address |
Co.
No. |
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Faith
(Nominees) Ltd. |
Room 1801-1803, 18/F., Tung Ning Building, 249-253 Des Voeux Road
Central, Hong Kong. |
0044396 |
The
subject was incorporated on 6th December, 2007 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: Food additives, fragrances, food colours, etc.
Employees: 3.
Materials/Commodities: Imports raw materials from European countries, some of the Asian countries and finished
products from China.
Markets: Hong Kong, Japan, other Asian countries, Europe, 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
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.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having
issued 10,000 ordinary shares of HK$1.00 each, Uni Chemcials International Ltd.
is wholly owned by Mr. Chan Yum Man, Dennis who is a Hong Kong merchant. He is also the only director of the subject.
The
subject has had an associated company Kindwin Trading Ltd. [Kindwin] which is
also located at the same operating address.
Incorporated on 15th January, 1997, Kindwin is engaged in the same
lines of business as the subject.
The
subject is trading in all kinds of food additives and fragrances, food colours,
etc. Its products are manufactured by
its associated company in Guangzhou, China known as Guangzhou Kindwin Flavours
& Fragrances Co. Ltd. [Guangzhou Kindwin].
According
to the subject, the contact person of Guangzhou Kindwin is also Mr. Chan Yum
Man, Dennis. With a registered capital
of RMB199.6 million Yuan, Guangzhou Kindwin has about five employees and it is
engaged in researching and developing all kinds of food additives, fragrances
and food colours. Most of the products
are exported to foreign markets while some are marketed in China and Hong Kong.
The
subject is chiefly engaged in marketing the products of Guangzhou Kindwin.
The
subject’s business is chiefly handled by Dennis himself. History in Hong Kong is over four years
and three months.
On
the whole, consider the subject good for normal business engagements in small
credit amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.12 |
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UK Pound |
1 |
Rs.79.37 |
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Euro |
1 |
Rs.66.02 |
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.