MIRA INFORM REPORT

 

 

Report Date :           

14.05.2012

s

IDENTIFICATION DETAILS

 

Name :

JUNLAN  DEVELOPMENT  LTD.

 

 

Formerly Known As :

Alink Electronic Technology Ltd

 

 

Registered Office :

c/o Billion New Ltd., Room B, 16/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

22.07.2009

 

 

Com. Reg. No.:

50914144

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small 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

 

Company name

 

JUNLAN  DEVELOPMENT  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Billion New Ltd.

Room B, 16/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan, Hong Kong.

[Tel: 2545 2614;  Fax: 2545 9845]

 

Additional Note:          

The subject was formerly located at Room 1706, 17/F., Block B, New Trade Plaza, 6 On Ping Street, Shatin, New Territories, Hong Kong.  Now, this address is the operating address of a firm known as Digital Sonic Ltd. bearing your given phone number 852-2331 9051 and fax number 852-2331 9050.

 

Holding Company:-

Zonelink International Ltd., British Virgin Islands.

 

 

BUSINESS REGISTRATION NUMBER

 

50914144

 

 

COMPANY FILE NUMBER

 

1354531

 

 

DATE OF INCORPORATION

 

22nd July, 2009.

 

 

CAPITAL

 

Nominal Share Capital:   HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100,000.00

SHAREHOLDER  

(As per registry dated 22-07-2011)

 

Name

 

No. of shares

Zonelink International Ltd.

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.

 

100,000

======

 

 

DIRECTOR    

(As per registry dated 22-07-2011)

 

Name

Address

Zonelink International Ltd.

P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.

 

 

SECRETARY

(As per registry dated 22-07-2011)

 

Name

Address

Billion New Ltd.

Room B, 16/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan, Hong Kong.

 

 

GENERAL

 

Junlan Development Ltd. was incorporated on 22nd July, 2009 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Alink Electronic Technology Ltd., name changed to the present style on 13th December, 2010.

Formerly the subject was located at Room 1706, 17/F., Block B, New Trade Plaza, 6 On Ping Street, Shatin, New Territories, Hong Kong, moved to the present address with effect from 1st November, 2011.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room B, 16/F., 235 Wing Lok Street Trade Centre, 235 Wing Lok Street, Sheung Wan, Hong Kong known as Billion New Ltd. which is handling its correspondences and documents.  Billion New Ltd. is also the corporate secretary of the subject.  This firm in fact is an associated company of an accountant firm Ng & Chow which is also located at the above-mentioned address.  The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 100,000 ordinary shares of HK$1.00 each of which are wholly owned by Zonelink International Ltd. which is a BVI-registered firm.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

Nobody can be reached since the director of the subject is also a firm registered in the British Virgin Islands.

From indirect sources, it is said that the subject is trading in all kinds of automobile video devices, automobile multimedia players, etc.  Products are exported to Australasia, Central & South America, China, Eastern Europe, Hong Kong, Japan, South Korea, the Middle East, North America, Scandinavia, Southeast Asia, Taiwan, Western Europe, etc.  Most of the products bear the brand name of “Chao Yin”.

It is likely that the subject has got an associated company in China.

It is also likely that the China firm 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 firm 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 over two years and five 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.53.64

UK Pound

1

Rs.86.42

Euro

1

Rs.69.29

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.