MIRA INFORM REPORT

 

 

Report Date :

25.05.2012

 

IDENTIFICATION DETAILS

 

Name :

UNIVERSAL RESOURCES  (HONG  KONG)  CO.  LTD.

 

 

Registered Office :

Room B, 22/F., Lloyds Commercial Centre, 8 Wing Lok Street, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.05.2007

 

 

Com. Reg. No.:

37953094

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of Silicon Manganese, Ferro Silicon, etc.

 

 

No. of Employees :

02

 

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 :

Satisfactory

 

 

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

 

 

Company name

 

UNIVERSAL  RESOURCES  (HONG  KONG)  CO.  LTD.

 

 

Company ADDRESS

 

Room B, 22/F., Lloyds Commercial Centre, 8 Wing Lok Street, Central, Hong Kong.

PHONE:            9642 4119

FAX:                 2413 4497

E-MAIL:                        info@universalresourceshk.com

 

 

MANAGEMENT

 

Managing Director:  Mr. Yu Kin Kwong

 

 

SUMMARY

 

Incorporated on:             16th May, 2007.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   2.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

           

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Room B, 22/F., Lloyds Commercial Centre, 8 Wing Lok Street, Central, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

37953094

 

 

COMPANY FILE NUMBER

 

1133045

 

 

MANAGEMENT

 

Managing Director:  Mr. YU Kin Kwong

 

 

CAPITAL

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000.00

 

 

SHAREHOLDERS

(As per registry dated 16-05-2011)

 

Name

 

No. of shares

YU Kin Kwong

 

5,100

YUNG Nga Ling

 

4,900

 

 

–––––

 

Total:

10,000

=====

 

DIRECTORS

(As per registry dated 16-05-2011)

 

Name

(Nationality)

 

Address

YUNG Nga Ling

Flat C, 18/F., Shui Pak Mansion, Parkvale, 4 Greig Road, Quarry Bay, Hong Kong.

 

YU Kin Kwong

Flat C, 18/F., Shui Pak Mansion, Parkvale, 4 Greig Road, Quarry Bay, Hong Kong.

 

 

SECRETARY

(As per registry dated 02-05-2012)

 

Name

Address

Co. No.

Group Motion Secretarial Services Ltd.

Room C, 2/F., Wing Tat Commercial Building, 121-125 Wing Lok Street, Central, Hong Kong.

1684145

 

 

HISTORY

 

The subject was incorporated on 16th May, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.

Formerly the subject is located at c/o Charmway Accounting Co., Unit C (703), 7/F., Oriental Centre, Chatham Road, Tsimshatsui, Kowloon, Hong Kong, moved to the present address in May 2007.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Silicon Manganese, Ferro Silicon, etc.

 

Employees:                   2.

 

Commodities Imported:   China, etc.

 

Markets:                       India, China, other Asian countries, Europe, North America, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               Various Terms.

 

 

FINANCIAL INFORMATION

 

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:                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:                         Bank of China (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Small.

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Universal Resources (Hong Kong) Co. Ltd. is jointly owned by Mr. Yu Kin Kwong, holding 51% interests; Ms. Yung Nga Ling, holding 49%,  Seemed to be a couple, Yu and Yung are also directors of the subject.

The subject has an associated company in Guangxi, China.  It is dealing in silicon manganese and Ferro-silicon as well as related products for more than five years.

Incorporated in May 2007, the subject is trading in the following commodities:-

·         Ferro Silicon: Si:75% min, C: 0.2% max, Al: 2% max, P: 0.05% max, S: 0.02% max, size 10mm-60mm 90%, balance 60mm-80mm.  Si:72% min, C: 0.2% max, Al: 2% max, P: 0.1% max, S: 0.04% max, size 10mm-60mm 90%, balance 60mm-80mm.

·         Silicon Metal: 553, 583, 3303, 2202, 1101, etc.

·         Ferro Manganese: Mn:65% min, Si:17% min, C:2% max, P:0.3% max, S:0.04% max, H20: 0.4% max, Size: 10mm-60mm >90% Mn:60% min, Si:14% min, C:3.5% max, P:0.3% max, S:0.04% max, H20: 0.4% max, Size: 10mm-60mm>90%.

·         Ferro Molybdenum: 60%-65%min, C: 0.05%max, Si: 0.8%max, Cu: 0.5%max, S: 0.1%max, P:0.05%max, size: 10mm-50mm 90%min.

·         High, medium and low carbon manganese.

Most of the products are sourced from China and packed in 1,000 kg per bag.  Payments made by customers are usually on US dollar and on irrevocable L/C or T/T terms.  Currently about 70% of its products are exported to Europe and North America.

According to the subject, its products have got the certifications of CIQ, Vinacontrol, SGS or inspectorate.

The subject’s business is chiefly handled by Mr. Chung Chan who can be reached at his mobile phone number 9642 4119.

On the whole, consider the subject good for normal business engagements in small credit amounts.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.29

UK Pound

1

Rs.88.26

Euro

1

Rs.70.82

 

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.