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Report Date : |
25.05.2012 |
IDENTIFICATION DETAILS
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Name : |
JIASHENG INTERNATIONAL INDUSTRIAL CO. LTD. |
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Registered Office : |
c/o World
Trade Enterprises Consultancy Ltd., Room 2105, 21/F., JTJ825, Trend Centre, |
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Country : |
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Date of Incorporation : |
04.03.2011 |
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Com. Reg. No.: |
58032994 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Wire mesh, woven mesh, welded mesh, 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) |
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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 |
JIASHENG INTERNATIONAL INDUSTRIAL CO. LTD.
c/o World Trade Enterprises Consultancy Ltd.
Room 2105, 21/F., JTJ825, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
Managing Director: Mr. Wei Huzhuang
Incorporated on: 4th March, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: Shanghai Pudong Development Bank, China.
Banking Relation: Satisfactory.
Registered Head
Office:-
c/o World Trade Enterprises Consultancy Ltd.
Room 2105, 21/F., JTJ825, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong.
Associated
Company:-
Anping Jiasheng Metal Products Co. Ltd.
Galvanized Zone, Anping,
Hengshui, Hebei Province, China.
[Tel: 86-318-8063977
8063991; Fax: 86-318-8066993]
58032994
1568548
Managing Director: Mr. Wei Huzhuang
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 04-03-2012)
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Name |
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No. of shares |
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WEI Huzhuang |
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10,000 ===== |
(As per registry
dated 04-03-2012)
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Name (Nationality) |
Address |
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WEI Huzhuang |
Room 2105, JTJ825, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong Kong. |
(As per registry
dated 04-03-2012)
|
Name |
Address |
Co.
No. |
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World Trade Enterprises Consultancy Ltd. |
15/F., Highgrade Building, 117 Chatham Road, Tsimshatsui, Kowloon, Hong Kong. |
1156560 |
The subject was incorporated on 4th March, 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, Exporter and Wholesaler.
Lines: Wire mesh, woven mesh, welded mesh, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China, Hong Kong, other Asian countries, etc.
Terms/Sales: As per contracted.
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: 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: Shanghai Pudong Development Bank, China.
Standing: Small.
Jiasheng International Industrial Co. Ltd. is wholly-owned by Mr. Wei Huzhuang who is a China merchant. He is a China passport 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 2105, JTJ825, Trend Centre, 29‑31 Cheung Lee Street, Chai Wan, Hong Kong’ known as ‘World Trade Enterprises Consultancy Ltd.’ [WTECL] which is handling its correspondences and documents. WTECL is also the corporate secretary of the subject. It has a branch in Hong Kong. JTJ825 is the file number of the subject. The subject has no employees in Hong Kong.
The subject has had an associated company Anping Jiasheng Metal Products Co. Ltd. [Anping Jiasheng] which is in China.
Anping Jiasheng is specialized in wire drawing. It is a professional manufacturer of wire mesh, woven mesh, welded mesh, etc. It is also engaged in mesh processing and new products development.
It is engaged in manufacturing galvanized iron wire (electro and hot-dipped), black annealed wire, binding wire, barbed wire, razor wire, welded wire mesh, welded wire mesh panel, chain link fence, gabion wire mesh, Hex.wire netting, black wire cloth, perforated metal, expanded metal, stainless steel wire mesh, iron nails, etc.
Anping Jiasheng’s products are widely used in construction, decoration, petroleum, chemical industry, pharmacy, breeding, metallurgy, barrier and isolation, security, and other fields.
Its products are sold in China and exported to the Middle East, Southeast Asia, United States, Japan, South Korea, Europe, Hong Kong, Macao, Taiwan, etc.
The annual production capacity of Anping Jiasheng is over 200,000 tons. Business is normal.
It is likely that Anping Jiasheng deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Anping Jiasheng 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 a years and two 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
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Indian Rupees |
|
US Dollar |
1 |
Rs.56.29 |
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UK Pound |
1 |
Rs.88.26 |
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Euro |
1 |
Rs.70.82 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.