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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Name : |
AGCHIRAL CHEMICAL LTD. |
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Registered Office : |
C/o Eplus Int’l Registration MGM. Ltd. 11/F., Front Portion, , |
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Country : |
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Date of Incorporation : |
21.11. 2005 |
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Com. Reg. No.: |
36214124 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of chemicals, chemicals for agriculture, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office In Hong Kong |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
AGCHIRAL CHEMICAL
LTD.
Address: c/o Eplus Int’l
Registration MGM. Ltd.
11/F.,
Front Portion, ,Hang Lok Building,
130 Wing
Lok Street, Sheung Wan,
Hong Kong.
[Your address given as:
c/o Bailiai International Group (HK) Ltd.
Room 601-602, 6/F., Chuk On Building,
23 Mercer Street, Sheung Wan, Hong Kong.]
PHONE: 8132 4111
FAX: 8169 0207
Managing Director: Mr. Zhou Wei
Incorporated on: 21st November,
2005.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Chemical Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Eplus Int’l Registration MGM. Ltd.
11/F., Front Portion, ,Hang Lok Building, 130 Wing Lok Street, Sheung
Wan, Hong Kong.
36214124
1008956
Managing Director: Mr. Zhou Wei
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 21-11-2011)
|
Name |
|
No. of shares |
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ZHOU Wei 2-3-602, City Xinjing, Hangzhou City, Zhejiang Province, China. |
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6,200 |
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WANG Kaibin 2-3-602, City Xinjing, Hangzhou City, Zhejiang Province, China. |
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2,000 |
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CAI Yifeng 2-3-602, City Xinjing, Hangzhou City, Zhejiang Province, China. |
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1,800 |
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––––– |
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Total: |
10,000 ===== |
(As per registry dated 21-11-2011)
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Name (Nationality) |
Address |
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ZHOU Wei |
2-3-602, City Xinjing, Hangzhou City, Zhejiang Province, China. |
(As per registry dated 21-11-2011)
|
Name |
Address |
Co. No. |
|
Eplus Int’l Registration MGM. Ltd. |
11/F., Front Portion, ,Hang Lok Building, 130 Wing Lok Street,
Sheung Wan, Hong Kong. |
1301648 |
The subject was incorporated on 21st November, 2005 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject’s registered address changed to the present one in November
2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer
and Exporter.
Lines: All
kinds of chemicals, chemicals for agriculture, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: China,
other Asian countries, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
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: 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:
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, Agchiral Chemical Ltd.
is jointly owned by three China merchants: Mr. Zhou Wei, holding 62% interests,
Mr. Wang Kaibin, holding 20%; Mr. CAI Yifeng, 18%. Zhou is also the only director of the
subject.
Currently all the shareholders are residing in Hangzhou City,
Zhejiang Province, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at “11/F., Front Portion, ,Hang Lok Building, 130 Wing Lok
Street, Sheung Wan, Hong Kong.’ known as ‘Eplus Int’l Registration MGM. 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 subject is a chemical trader.
It is specialized in all kinds of chemicals for agriculture. Most of the products are imported from India
and some of the European countries.
It is likely that the subject has got an associated company in Zhejiang
Province, China which is also operated by the subject’s shareholders.
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 six years and
six 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
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.