|
Report Date : |
04.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
COMPRO COMMODITY SYSTEM CO. LTD. |
|
|
|
|
Registered Office : |
c/o Lianbang Int’l Business (HK) Ltd., Unit 704, 7/F., Bright Way
Tower, 33 Mongkok Road, Kowloon |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
26.07.2011 |
|
|
|
|
Com. Reg. No.: |
58779188 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Sanitary napkins, pads, towels,
diapers, anty liners, adult diapers, etc. |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
No Operating Office in Hong Kong |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Hong Kong |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
COMPRO COMMODITY
SYSTEM CO. LTD.
c/o Lianbang Int’l Business (HK) Ltd.
Unit 704, 7/F., Bright Way Tower, 33 Mongkok Road, Kowloon,
Hong Kong.
PHONE: 2793 5511
FAX: 3590 2333
Managing Director: Ms. Demi Wu Ju
Hua
Incorporated on: 26th July, 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: The
Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
COMPRO COMMODITY
SYSTEM CO. LTD.
Registered
Office:-
c/o Lianbang Int’l Business (HK) Ltd.
Unit 704, 7/F., Bright Way Tower, 33 Mongkok Road, Kowloon, Hong
Kong.
Associated
Companies:-
HK Y & B Commodity Co. Ltd., China.
Shenzhen Lady Commodity Co. Ltd., China.
Shenzhen Y & B Commodity Co. Ltd., China.
Shenzhen Yaobang Commodity Co. Ltd., China.
58779188
1642902
Managing Director: Ms. Demi Wu Ju
Hua
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 26-07-2012)
|
Name |
|
No. of shares |
|
WU Ju Hua |
|
10,000 ===== |
(As per registry dated 26-07-2012)
|
Name (Nationality) |
Address |
|
WU Ju Hua |
Thirteenth Group, Houjiayuan Village, Hangkou Town, Siushui County,
Jiujiang City, Jiangxi Province, China. |
(As per registry dated 26-07-2012)
|
Name |
Address |
Co. No. |
|
Lianbang Int’l Business (HK) Ltd. |
Unit 704, 7/F., Bright Way Tower, 33 Mongkok Road, Kowloon, Hong
Kong. |
1247280 |
The subject was incorporated on 26th July, 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: Sanitary
napkins, pads, towels, diapers, panty liners, adult diapers, etc.
Employees: Nil.
Commodities Imported: China, etc.
Markets: China,
other Asian countries, Europe, North America, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
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, Compro Commodity
System Co. Ltd. is wholly owned by Ms. Demi Wu Ju Hua who is a China
businesswoman. She is a China ID holder
and does not have the right to reside in Hong Kong permanently. She 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 “Unit 704, 7/F., Bright Way Tower, 33 Mongkok
Road, Kowloon, Hong Kong” known as “Lianbang Int’l Business (HK) Ltd.”
[Lianbang] 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.
Your given phone number 852-2793 5521 belong to Lianbang. However, Ms. Demi Wu Ju Hua can be
reached at your given mobile phone number 86‑13510726033.
The subject has had the following associated firms in China:-
·
HK Y & B Commodity Co. Ltd. [HK Y & B];
·
Shenzhen Lady Commodity Co. Ltd.;
·
Shenzhen Y & B Commodity Co. Ltd.;
·
Shenzhen Yaobang Commodity Co. Ltd. [Yaobang].
The registered address of Yaobang is at 10 Yuanjiang East Second Road,
Base of National Health, Torch Development District, Zhongshan City, Guangdong
Province, China. The above-mentioned
firms, including the subject, are engaged in the same lines of business more or
less.
Founded in the year 1989, HK Y & B is an ISO 9001:2000 and
ISO 140001 certified exporter of a wide range of Sanitary Napkins,
Pads, Towels, Diapers and Panty Liners.
The range offered by it encompasses Environmental Protection Sanitary
Napkins, Anion Sanitary Napkin, Feminine Pads, Baby Diapers, Adult Pads and
Sanitary Towels, to name a few.
All its products are procured from reliable vendors, who uses cotton and
other quality fibre to develop their products.
The products offered by HK Y & B are widely appreciated in the
market for their hygiene, softness, skin-friendliness, safe usage and fine
finishing. Its Anion/Negative Ion
Sanitary Napkins are marketed under the brand name, Suki, whereas, all
its baby diapers are sold in the market under Obama brand. HK Y & B has had its procuring agents, it
also offers its entire product range in different sizes and specifications. Further, HK Y & B bears the national patent No. 200810241669.4.
HK Y & B’s manufacturing base is in Zhongshan City, Guangdong
Province, China.
Products are marketed in China, exported to the other Asian countries,
Europe, etc.
The subject’s business in Hong Kong is not active. History in Hong Kong is over a year.
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.54.42 |
|
UK Pound |
1 |
Rs.88.29 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.