|
Report Date : |
09.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
c/o HK
Minran Int’l Business Group Co. Ltd., Room 905, 9/F., Workingberg Commercial
Building, 41-47 Marble Road |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
13.12.2011 |
|
|
|
|
Com. Reg. No.: |
59254573 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer and Exporter of all kinds of products concerning sesame. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Nb |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
---- |
NB |
New Business |
---- |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
HONG KONG WENQIAO AGRO PRODUCTS TRADING CO. LTD.
c/o HK Minran Int’l Business Group Co. Ltd.
Room 905, 9/F., Workingberg Commercial Building, 41-47 Marble Road, Hong Kong.
PHONE: 3069 6018
FAX: 2811 3621
Managing Director: Mr. Zheng Kun Ping
Incorporated on: 13th December, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Agricultural Product Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Registered Head
Office:-
c/o HK Minran Int’l Business Group Co. Ltd.
Room 905, 9/F., Workingberg Commercial Building, 41-47 Marble Road, Hong Kong.
Associated
Company:-
Changsha Yuhua District Chuangxin Sesame Processing Factory
Gaoqiao Big Market, Yuhua District, Changsha City, Hunan Province, China. [Tel: 86-0731-8286 9167]
59254573
1690143
Managing Director: Mr. Zheng Kun Ping
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 13-12-2011)
|
Name |
|
No. of shares |
|
ZHENG Kun Ping |
|
10,000 ===== |
(As per registry
dated 13-12-2011)
|
Name (Nationality) |
Address |
|
ZHENG Kun Ping |
No. 304, 4/F., 4 Renmin Road, Xindi Subdistrict, Honghu City, Hubei, China. |
(As per registry dated
13-12-2011)
|
Name |
Address |
Co.
No. |
|
HK Minran Int’l Business Group Co. Ltd. |
Room 905, 9/F., Workingberg Commercial Building, 41-47 Marble Road, Hong Kong. |
1342021 |
The subject was incorporated on 13th December, 2011 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 products concerning sesame.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, 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: 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: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
Having issued 10,000 ordinary shares of HK$1.00 each, Hong Kong Wenqiao Agro Products Trading Co. Ltd. is wholly owned by Mr. Zheng Kun Ping who is a China merchant. He is a China ID Card holder and does not have the right to reside in Hong Kong permanently. He is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 905, 9/F., Workingberg Commercial Building, 41-47 Marble Road, Hong Kong known as HK Minran Int’l Business Group Co. Ltd. [HK Minran] which is handling its correspondences and documents. This firm is also the corporate secretary of the subject. Your given phone and fax number belong to HK Minran.
The subject has no employees in Hong Kong.
The subject has had an associated company Changsha Yuhua District Chuangxin Sesame Processing Factory which is located at Gaoqiao Big Market, Yuhua District, Changsha City, Hunan Province, China. This factory is engaged in processing sesame. It is trading in black and white sesame and the products of sesame. The products bear the brand name “Chuang Xia”.
Products are marketed in China, exported to the other Asian countries.
It is likely that the China factory deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The China factory also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over four 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.34 |
|
UK Pound |
1 |
Rs.86.09 |
|
Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.