MIRA
INFORM REPORT
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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
WINSWAY (GROUP) ENTERPRISES LTD |
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Registered Office : |
Unit A 18fl
China Plaza 762-804 Avenida, Da Praia Grande |
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Country : |
Macau |
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Date of Incorporation : |
12.06.1995 |
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Com. Reg. No.: |
SO10411 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
The primary business focus of subject company is specialized
professional services, including Investment |
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No. of Employees : |
08 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st 2013
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Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Macau |
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 |
macau ECONOMIC OVERVIEW
Since opening up
its locally-controlled casino industry to foreign competition in 2001, Macau
has attracted tens of billions of dollars in foreign investment, transforming
the territory into one of the world's largest gaming centers. Macau's gaming
and tourism businesses were fueled by China's decision to relax travel
restrictions on Chinese citizens wishing to visit Macau. By 2006, Macau's
gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes
accounted for more than 70% of total government revenue. Macau's economy slowed
dramatically in 2009 as a result of the global economic slowdown, but strong
growth resumed in 2010-11, largely on the back of tourism from mainland China
and the gaming sectors. In 2012, this city of 582,000 hosted nearly 28 million
visitors. Almost 60% came from mainland China. Macau's traditional
manufacturing industry has slowed greatly since the termination of the
Multi-Fiber Agreement in 2005. China is Macau's second largest goods export
market, behind Hong Kong, and followed by the United States. In 2012, exports
were less than US$1 billion, while gaming receipts were US$38 billion, a 13.5%
increase over 2011. Macau's economy expanded by 10% in 2012; although
impressive, it was a slower growth rate than in previous years. Macau continues
to face the challenges of managing its growing casino industry,
money-laundering, and the need to diversify the economy away from heavy
dependence on gaming revenues. Macau's currency, the pataca, is closely tied to
the Hong Kong dollar, which is also freely accepted in the territory.
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Source : CIA |
Company name & address
WINSWAY (GROUP)
ENTERPRISES LTD
UNIT A 18FL CHINA PLAZA 762-804 AVENIDA
DA PRAIA GRANDE, MACAO
TEL: [+853]-28711666
FAX: [+853]-28711677
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 12, 1995
REGISTRATION NO. : SO10411
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. XIAO-LI WANG (DIRECTOR)
STAFF STRENGTH : 8
PAID-UP CAPITAL :
MOP 1,000,000
BUSINESS LINE :
SERVICE
TURNOVER :
N/A
EQUITIES :
N/A
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
MOP 7.9889 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
MOP- Macau Patacas
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image001.gif){kind=small}
*Company Details*
==============
Name in Local Language : 永暉集團有限公司
Trading Name / DBA: GRUPO WINSWAY EMPREENDIMENTO COMERCIAL
Issuing Authority: Conservatoria dos Registos Comercial e de Bens Moveis
(Commercial Registry Office)
Primary Business Activity: Service
Primary Industry: Financial Services – General
*CAPITAL (Currency: MOP)*
=======================
Authorized Capital: 1,000,000
Paid-up Capital: 1,000,000
*Office & Facilities*
===============
Name: WINSWAY (GROUP) ENTERPRISES LTD - MACAO
Address: Unit A 18Fl China Plaza 762-804 Avenida Da Praia Grande, Macao
Country: Macao
Status: Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the WINSWAY (GROUP)
ENTERPRISES LTD's reputation within the respective industry failed to reveal
any adverse information.
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image002.gif){kind=small}
http://www.winsway.com (WINSWAY COKING COAL HOLDINGS LTD) The design
is professional and the content is well organized. At present it is in English
and Chinese versions.
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image003.gif){kind=small}
For the past two years there is no record of litigation.
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image004.gif){kind=small}
*Major Shareholders*
================
Total number of shareholders: 2
Total number of shares: N/A
Shares
No. Shareholders Country Amount
(MOP) %
1 Mr.
Xing-chun Wang China 980,000
98.00
2 Mr.
Xiao-li Wang China 20,000 2.00
Total 1,000,000
100.00
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image005.gif){kind=small}
COMPANY DIRECTORS
1
Name: Mr. Xiao-li Wang
Nationality: Chinese
2
Name: Mr. Xing-chun Wang
Nationality: Chinese
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image006.gif){kind=small}
CORE BUSINESS DESCRIPTION
Core Business
The primary business focus of WINSWAY (GROUP) ENTERPRISES LTD is
specialized professional services, including: Investment.
Key service includes:
Investment
Primary Products
Products / Materials / Services Description Activity
Investment Service
SIC PRODUCT CLASSIFICATION & ACTIVITY
Product/Service Description Code
Activity
Holding & Investment Offices 6700
Service
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Product/Service Description Code
Activity
Business services, health, financial/insur. legal /real 9900 Service
estate, hotels, and misc repairs
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image007.gif){kind=small}
The following provides a summary of the number
of businesses that are related to WINSWAY (GROUP) ENTERPRISES LTD:
TYPE INTERNATIONAL
Asia /
Pacific South America TOTAL
Affiliates 1
1 2
International
Business Entity Name: WINSWAY COKING COAL HOLDINGS LTD
Country: Virgin Islands (British)
Relationship: Affiliate
Operational Address: Akara Bldg 24 De Castro St Wickhams Cay 1, Road
Town, Tortola
Primary Business Activity: Service
Industry: Not Applicable - Tax Haven Entity
Business Entity Name: WINSWAY INT'L PETROLEUM & CHEMICALS LTD
Country: Hong Kong
Relationship: Affiliate
Operational Address: Suite 805, 8Fl One Pacific Place 88 Queensway, Hong
Kong
Primary Business Activity: Trader
Industry: Petrochemicals
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image008.gif){kind=small}
Based on the corporate laws of Macao, legal entities which are Private
Company with Limited Liability are not required to make public disclosure of
their annual financials. Therefore no financials are available for this entity.
%20ENTERPRISES%20LTD%20-%20225369%2026-Jun-2013_files/image009.gif){kind=small}
SC is considered small-sized in its line with a development history of
18 years.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
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UK Pound |
1 |
Rs.92.25 |
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Euro |
1 |
Rs.78.38 |
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.