|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
FORTUNE
TRADING LTD. |
|
|
|
|
Registered Office : |
Unit 8, 4/F., Block E, Wah Lok Industrial Centre, 31-41 Shan Mei Street, Fotan, Sha Tin, New Territories |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
04.04.1991 |
|
|
|
|
Com. Reg. No.: |
14392502 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Motor, Compressor, Conditioner Accessory, etc. |
|
|
|
|
No. of Employees : |
25. (including associates) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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 |
FORTUNE TRADING LTD.
Unit 8, 4/F., Block E, Wah Lok Industrial Centre, 31-41 Shan Mei Street, Fotan, Sha Tin, New Territories, Hong Kong.
PHONE: 2604 5656
FAX: 2602 6716
E-MAIL: fortune@fortune.com.hk
Note:
The subject is not located at your given address Room 804, Sino Centre, 582-592 Nathan Road, Kowloon, Hong Kong where is the operating address of a secretarial firm.
Managing Director: Mr. He Zhi Qing
Incorporated on: 4th April, 1991.
Organization: Private Limited Company.
Capital: Nominal: HK$500,000.00
Issued: HK$500,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 25. (including associates)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Good.
Registered Head Office:-
Unit 8, 4/F., Block E, Wah Lok Industrial Centre, 31-41 Shan Mei Street, Fotan, Sha Tin, New Territories, Hong Kong.
Associated Companies:-
Fortune Automotive Technology Ltd., Hong Kong.
Fortune Heal Care Ltd., Hong Kong.
Fortune Thermo Engineering Ltd. Hong Kong. [Dissolved]
Eternal Elegance Skin Care Ltd., Hong Kong.
14392502
0303863
Managing Director: Mr. He Zhi Qing
Nominal Share Capital: HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)
Issued Share Capital: HK$500,000.00
(As per registry
dated 04-04-2012)
|
Name |
|
No. of shares |
|
HE Zhi Qing |
|
250,000 |
|
ZHENG Feng Yi |
|
250,000 |
|
|
|
––––––– |
|
|
Total: |
500,000 ====== |
(As per registry
dated 04-04-2012)
|
Name (Nationality) |
Address |
|
ZHENG Feng Yi |
Room B, 14/F., Block 2, Phoenix Heights, 16 Shui Wo Road, Shatin New Territories, Hong Kong. |
|
HE Zhi Qing |
Room B, 14/F., Block 2, Phoenix Heights, 16 Shui Wo Road, Shatin New Territories, Hong Kong. |
ZHENG Feng Yi (As per
registry dated 04-04-2012)
The subject was incorporated on 4th April, 1991 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: Motor, Compressor, Conditioner Accessory, etc.
Employees: 25. (including associates)
Materials/Commodities: Europe, Japan, US, etc.
Markets: Hong Kong, China, other Asian countries, Europe, North America, etc.
Terms/Sales: COD or as per contracted.
Terms/Buying: Various Terms.
Nominal Share Capital: HK$500,000.00 (Divided into 500,000 shares of HK$1.00 each)
Issued Share Capital: HK$500,000.00
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: Good.
Having issued 500,000 ordinary shares of HK$1.00 each, Fortune Trading Ltd. is equally owned by Mr. He Zhi Qing and Ms. Peggy Zheng Feng Yi. They are also directors of the subject.
Founded in 1991, the subject is specialized in air conditioning systems for buses and coaches. Adhering to the ISO 9001 and QS9000 quality control systems, the subject’s in-house professional engineers and technicians work closely to ensure all its products are in good condition. The subject is trading in the following commodities:-
· Complete System
· Brushless Condenser Fan
· Evaporator Fan
· D. C. Motor
· Compressor, Compressor Clutch, Compressor Accessory
· Evaporator and Condenser Unit
· Generator
· Refrigerant Recycling Machine
· Refrigerant and Lubricant
· Conditioner Accessory
The compressors are for buses and coaches. The subject is also an agent of Japan Unicla Co. Ltd. which is trading in car air-conditioners and compressors.
The subject’s products are marketed in Hong Kong and exported to China, other Asian countries, Europe, etc.
The subject has had associated companies Fortune Health Care Ltd. [FHCL] and Eternal Elegance Skin Care Ltd. [EESCL] which are also located at the same operating address. Also owned by Ms. Zheng Feng Yi, FHCL is trading in the following products:-
· Face Cream
· Eye Cream
· Cotton Mash
· Essence
· Cleaning Cream
EESCL is trading skin care products (including cosmetics and perfumes), Ewe embryonic essence, Glycevin from Switzerland, accessories and personal care items.
EESCL is operating a number of beauty shops known as The e-Beauty Shop and BeautiGene. According there are six The e-Beauty Shops and one BeautiGene in Taipo, New Territories, Hong Kong.
The overall business of the subject is satisfactory in Hong Kong. History is over twenty-one years.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.93 |
|
UK Pound |
1 |
Rs.88.15. |
|
Euro |
1 |
Rs.70.88 |
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.