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Report Date : |
03.01.2013 |
IDENTIFICATION DETAILS
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Name : |
JAMESCHEM INDUSTRY LTD. |
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Registered Office : |
C/o World Trade Enterprises Consultancy Ltd. Room 2105, JTJ571, Trend Centre, 29-31 Cheung Lee Street, Chai Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
22.07.2010 |
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Com. Reg. No.: |
52650669 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of chemicals for feedstuffs, fertilizer, foodstuffs, water treatment, 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 : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
HONG KONG - ECONOMIC OVERVIEW
Hong Kong has a free market economy, highly dependent on
international trade and finance - the value of goods and services trade,
including the sizable share of re-exports, is about four times GDP. Hong Kong's
open economy left it exposed to the global economic slowdown that began in
2008. Although increasing integration with China, through trade, tourism, and
financial links, helped it to make an initial recovery more quickly than many
observers anticipated, it again faces a possible slowdown as exports to the
Euro zone and US slump. The Hong Kong government is promoting the Special
Administrative Region (SAR) as the site for Chinese renminbi (RMB)
internationalization. Hong Kong residents are allowed to establish
RMB-denominated savings accounts; RMB-denominated corporate and Chinese
government bonds have been issued in Hong Kong; and RMB trade settlement is
allowed. The territory far exceeded the RMB conversion quota set by Beijing for
trade settlements in 2010 due to the growth of earnings from exports to the
mainland. RMB deposits grew to roughly 7.8% of total system deposits in Hong
Kong by the end of 2011, an increase of over 59% since the beginning of the
year. The government is pursuing efforts to introduce additional use of RMB in
Hong Kong financial markets and is seeking to expand the RMB quota. The
mainland has long been Hong Kong's largest trading partner, accounting for
about half of Hong Kong's exports by value. Hong Kong's natural resources are
limited, and food and raw materials must be imported. As a result of China's
easing of travel restrictions, the number of mainland tourists to the territory
has surged from 4.5 million in 2001 to 28 million in 2011, outnumbering
visitors from all other countries combined. Hong Kong has also established
itself as the premier stock market for Chinese firms seeking to list abroad. In
2011 mainland Chinese companies constituted about 43% of the firms listed on
the Hong Kong Stock Exchange and accounted for about 56% of the Exchange's
market capitalization. During the past decade, as Hong Kong's manufacturing
industry moved to the mainland, its service industry has grown rapidly. Growth
slowed to 5% in 2011. Credit expansion and tight housing supply conditions
caused Hong Kong property prices to rise rapidly in 2010 and inflation to rise
5.3% in 2011. Lower and middle income segments of the population are
increasingly unable to afford adequate housing. Hong Kong continues to link its
currency closely to the US dollar, maintaining an arrangement established in
1983.
Source : CIA
JAMESCHEM INDUSTRY
LTD.
ADDRESS: c/o World Trade Enterprises
Consultancy Ltd.
Room 2105, JTJ571, Trend Centre, 29-31 Cheung Lee Street, Chai Wan, Hong
Kong.
PHONE: 2115 3188, 2973 8322
FAX: 2115 9613
Managing Director: Mr. Yang Zhan
Incorporated on: 22nd
July, 2010.
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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o World Trade Enterprises Consultancy Ltd.
Room 2105, JTJ571, Trend Centre, 29-31 Cheung Lee Street, Chai Wan,
Hong Kong.
Associated Companies:-
James Chem Products Co. Ltd., China.
Xinji Bang Na Trade Co. Ltd., China.
52650669
1483846
Managing Director: Mr. Yang Zhan
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 22-07-2012)
|
Name |
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No. of shares |
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YANG Zhan |
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10,000 ===== |
(As per registry dated 22-07-2012)
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Name (Nationality) |
Address |
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YANG Zhan |
Room 2105, JTJ571, Trend Centre, 29-31 Cheung Lee Street, Chaiwan,
Hong Kong. |
(As per registry dated 22-07-2012)
|
Name |
Address |
Co. No. |
|
World Trade Enterprises Consultancy Ltd. |
15/F., Highgrade Building, 117 Chatham Road, Tsimshatsui, Kowloon,
Hong Kong. |
1156560 |
The subject was incorporated on 22nd July, 2010 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: All kinds of chemicals
for feedstuffs, fertilizer, foodstuffs, water treatment, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: China, other Asian countries,
Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C,
T/T, 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: Is making 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, Jameschem Industry
Ltd. is wholly owned by Mr. Yang Zhan 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, JTJ571, Trend Centre, 29‑31 Cheung Lee
Street, Chaiwan, Hong Kong known as World Trade Enterprises Consultancy Ltd.
which is handling its correspondences and documents. This firm is also the corporate secretary of
the subject. It has more than one
offices in Hong Kong.
The subject has no employees in Hong Kong. It has had an associated company known as
James Chem Products Co. Ltd. [James Chem].
James Chem is a fully integrated chemical manufacturer and supplier in
China. It is specialized in the
production and exportation of chemicals which are used for a wide range of
applications. These applications include
feedstuffs, fertilizer, foodstuffs, other Industrial uses and Water Treatment,
etc.
James Chem is located at Hucheng Lvzhou, Shijiazhuang, Hebei Province,
China. Detailed address is unknown. Its contact number is a mobile phone number
86-13832382079. It seems that the China
firm James Chem is just a one-man company operated by Yang Zhan himself. His E-mail address is info@jameschem.com.
The followings are some the products of James Chem: Sodium Chlor, Sodium
Gluco, Iron Power, Dicyandiamid, Caustic Soda, Magnalium Po, Aluminium Po,
Strontium Ch, Sodium Diace, Potassium So, Sorbic Acid, Sorbitol, Sucralose,
Agar Agar, Tricalcium P, Dicalcium Ph, etc.
Products are marketed in China, exported to the other Asian countries,
etc. Business is fairly actively.
The subject’s business in Hong Kong is not active. History in Hong Kong is over five 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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
|
1 |
Rs.88.76 |
|
Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
|
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 |
|
-- |
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.