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Report Date : |
31.03.2012 |
IDENTIFICATION DETAILS
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Name : |
FAKIR
DYESTUFFS CO. LTD. |
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Registered Office : |
Unit 1006, 10/F., |
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Country : |
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Date of Incorporation : |
20.01.2010 |
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Com. Reg. No.: |
51709774 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of dyestuffs, textile chemicals, etc. |
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No. of Employees : |
3 |
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 : |
Small company |
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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 |
FAKIR DYESTUFFS CO.
LTD.
Room 903, 9/F., Tern Plaza, 5 Cameron Road, Tsimshatsui,
Kowloon, Hong Kong.
PHONE: 2307 2208
FAX: 2307 2033
Managing Director: Ms. Wong Chau Wan
Incorporated on: 20th January, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Dyestuff Trader.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
FAKIR DYESTUFFS CO.
LTD.
Registered
Office:-
c/o SBC Corporate Services Ltd.
Unit 1006, 10/F., Carnarvon
Plaza, 20 Carnarvon Road, Tsimshatsui,
Kowloon, Hong Kong.
Head
Office:-
Room 903, 9/F., Tern Plaza, 5 Cameron Road, Tsimshatsui, Kowloon, Hong Kong.
51709774
1413552
Managing Director: Ms. Wong Chau Wan
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
(As per registry dated 20-01-2012)
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Name |
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No.
of share |
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WONG Chau Wan |
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1 = |
(As per registry dated 20-01-2012)
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Name (Nationality) |
Address |
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WONG Chau Wan |
Flat H, 29/F., Block
2, Villa Esplanada, Tsing
Yi, New Territories, Hong Kong. |
(As per registry dated 20-01-2012)
|
Name |
Address |
Co.
No. |
|
SBC Corporate Services Ltd. |
Room B, 10/F., Tower A, Billion Centre,
1 Wang Kwong Road, Kowloon
Bay, Kowloon, Hong Kong. |
0618863 |
The subject was incorporated on
20th January, 2010 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 and Exporter.
Lines: All kinds of dyestuffs, textile chemicals, etc.
Employees: 3.
Commodities Imported: Europe, Asian countries, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
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$1.00
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly 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 just one
ordinary share of HK$1.00, Fakir Dyestuffs Co. Ltd. is wholly owned by Ms. Wong
Chau Wan who is a Hong Kong merchant. She is also the only director of the subject.
Incorporated in January
2010, the subject is a dyestuff and textile chemical trader. Commodities are chiefly imported from Europe,
prime markets are China, other Asian countries, etc. Business is still under development.
The subject’s registered
address was the old address of Yorkshire Group Ltd. [Yorkshire] which was
formerly known as Leo Chemicals (Far East) Ltd.
Now, Yorkshire has moved out.
Yorkshire is also dyestuff trader.
It has set up affiliated companies in China large cities such as
Beijing, Guangzhou, Dongguan, Hangzhou,
Wuxi, etc. It
is likely that the subject is a business partner of Yorkshire.
The subject’s business is
chiefly handled by Ms. Wong Chau Wan. Business is still under development. History in Hong Kong is just over two years
and two months.
On the whole, since the
history of the subject is short, consider it good for normal business
engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.15 |
|
|
1 |
Rs.81.79 |
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Euro |
1 |
Rs.68.34 |
RATING EXPLANATIONS
|
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 |
|
<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 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.