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Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
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Name : |
LI YUEN ( |
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Registered Office : |
8/F., Hop Ying Commercial Centre, |
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Country : |
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Date of Incorporation : |
12.05.1992 |
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Com. Reg. No.: |
15644548 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturer, Importer and Exporter of Footwear, clothing and
chemicals such as adhesive and glue. |
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No. of Employees : |
8.
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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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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 |
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Source
: CIA |
LI YUEN (
8/F., Hop Ying Commercial Centre,
PHONE: 852-2393 7868, 852-2393 7898
FAX: 852-2397 7871
E-MAIL: lyc@ismart.net
admin@liyuen.com
Managing Director: Mr. Li Biu Ling
Incorporated on: 12th
May, 1992.
Organization: Private
Limited Company.
Capital: Nominal: HK$6,000,000.00
Issued: HK$6,000,000.00
Business Category: Manufacturer, Importer and Exporter.
Annual Turnover: HK$180~200
million.
Employees:
8. (
Main Dealing Banker: The Bank of East Asia Ltd., Hong Kong.
Banking Relation: Satisfactory.
LI YUEN (
Registered Head
Office:-
8/F., Hop Ying Commercial Centre,
Representative
Offices:-
Shenzhen
Li Yuen (China) Investment Ltd.
902, Zhuoyue Building, 98 Fuhua 1st Road, Futian Zone, Shenzhen, China.
Tel: 86-755-8287 9026
Fax: 86-755-8287 9032
Unit 4, Caleb Close,
Tel: 44-158-259 3387
Fax: 44-158-259 7587
E-mail: antexuk@liyuen.com
Zhongshan Yadai Shoes Industry Co. Ltd.
Yongtang Industrial Dadao,
Tel: 86-760-2262072
Fax: 86-760-2275332
Minan Industrial Zone, Nantou, Zhongshan,
Tel: 2311 4536, 2312 2518
Fax: 2311 4537, 2313 9966
E-mail: admin@antex-emulsion.com
etc.
Associated
Companies:-
Li Yuen Group of Companies
Antex Chemicals (Zhongshan) Ltd.,
Antex Industrial (Europe) Ltd.,
Antex Industrial (Europe) Ltd.,
Li Yuen (
Li Yuen Industrial (Holdings) Ltd., Hong Kong.
Li Yuen Trading
Shenzhen Li Yuen Shoe Design Studio,
Zhongshan Li Wah Protective Products Co. Ltd.,
Zhongshan Man Box Shoe Manufacturing Co. Ltd.,
Zhongshan Yadai Clothing Factory Co. Ltd.,
Zhongshan Yadai Shoes Industry Co. Ltd.,
etc.
15644548
0357086
Managing Director: Mr. Li Biu
Ling
Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
(As per registry dated 12-05-2013)
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Name |
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No. of shares |
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CHAN Hung Wai |
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350,000 |
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LAU Hung Mui |
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1,575,000 |
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LAU King Chuen |
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350,000 |
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LI Biu Ling |
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1,575,000 |
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LUK Kin Shing |
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1,150,000 |
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LI Yat Ming |
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1,000,000 |
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–––––––– |
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Total: |
6,000,000 ======= |
(As per registry dated
12-05-2013)
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Name (Nationality) |
Address |
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CHAN Hung Wai |
Flat 4B, Block 1, Kwong Fung Terrace, |
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LAU Hung Mui |
Flat 2, 36/F., Block H, |
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LAU King Chuen |
Room 1403, 14/F., Block D, Fanling Centre, Fanling,
New Territories, |
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LI Biu Ling |
Flat B, 3/F., |
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LI Yat Ming |
Flat B, 3/F., |
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LUK Kin Shing |
Flat 4B, Block 1, Kwong Fung Terrace, |
(As per registry dated 12-05-2013)
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Name (Nationality) |
Address |
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TSE Kin Sang |
Flat 8, 9/F., Tsui Ming House, Chung Ming Court, Tseung Kwan O, New
Territories, Hong Kong. |
The subject was incorporated on 12th May, 1992 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: Manufacturer,
Importer and Exporter.
Lines: Footwear,
clothing and chemicals such as adhesive and glue.
Brand Names: “ADOR”,
“WALKLANDER” and “ARMOUR”.
Employees: 8. (
1,000. (
Commodities/Materials Imported:-
Raw materials –
Europe,
Finished products
–
Markets: Europe,
Annual Turnover: HK$180~200 million.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C
or as per contracted.
Federation of
Nominal Share Capital: HK$6,000,000.00 (Divided into 6,000,000 shares
of HK$1.00 each)
Issued Share Capital: HK$6,000,000.00
Mortgage or Charge: (See attachment)
Profit or Loss: Made profits in the past years.
Condition: Keeping
in an active state.
Facilities: Making
active use of general banking facilities.
Payment:
So far so good.
Commercial Morality: Satisfactory.
Bankers:-
The Bank of East Asia Ltd., Hong Kong.
Nanyang Commercial Bank Ltd.,
Citibank N.A., Hong Kong Branch.
UPS Capital Global Trade Finance (HK) Ltd.,
Hong Kong.
The Hongkong & Shanghai Banking Corp.
Ltd.,
Standing:
Good.
Incorporated in May 1992, Li Yuen (
The subject is a member of the Li Yuen Group which was set up in
1982. It is trading in the Group’s
products.
Besides the subject, Li Yuen Group has had a number of subsidiaries and
associated companies in
Footwear (leather and casual footwear, protective shoes & boots,
safety shoes, PVC and plastic) manufacturing and trading
Chemicals (chemicals for paint, adhesive and textiles) trading
Garments (knitted garments) manufacturing and trading
Li Yuen Group has set up a shoe designing studio in
The subject exports its products to Eastern and Western Europe, the
Middle East, Scandinavia, Southeast Asia and
Li Yuen Group also has set up five manufacturing facilities in
·
Antex Chemicals (Zhongshan) Ltd. [Antex Chemicals]
·
Zhongshan Li Wah Protective Products Co. Ltd.
·
Zhongshan Man Box Shoe Manufacturing Co. Ltd.
·
Zhongshan Yadai Clothing Factory Co. Ltd.
The Group has diversified business into chemical polyurethane products,
ANTEX CHERMICAL has been developed, along with inventions and industrial
patents, a manufacturing technology capable of serving high quality PU
products. In 2007 the Group expanded
into a larger 50,000 sq meters factory, employing 1,000 staff and investing in
new manufacturing machinery and put into place a factory manager to run the
ever-growing logistics operation.
The Group’s range of products includes casual/sport shoes, classic
shoes, safety shoes (CE standard en-345), hi-visibility clothing (CE standard
en‑471), work clothing and special polymer emulsion from its strategic
partner Antex Chemicals. Significant
trade marks are “Ador”, “Walklander” and “Armour”. The first brand has been registered in
Li Yuen Group is distributing all over the world with OEM and ODM
footwear products, and can be projected for any kind of applications: PU / PU
injection, PU / TPU injection, PU / Rubber injection, cemented construction,
and good-year welted construction.
Footwear produced through Li Yuen is approved to meet the CEN European Standards,
for personal protective equipment (directive 89/686/EEC) and meets the new
requirements according to the European harmonized standards ENISO 20345.
The Group’s European representative office and warehouse are based in
The subject’s Textiles Controls Registration [TCR] Number in
The subject is one of the participants of Safety Equipment Institute
[SEI]. SEI offers participants with certification
programs to test and certify safety equipment products.
Now, the annual sales turnover of the Group ranges from HK$180 to 200
million. Making a small profit every
year.
The subject operates from a rented office. It is administered by the shareholders. History in
On the whole, consider the subject good for normal business engagements.
|
Date |
Particulars |
Amount |
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20-05-2005 |
Instrument: Deposit Deed Property: By way of a first fixed charge and as a continuing security for the
Obligations, the Company charges all the Company’s rights, title to and
interest in all the Company’s accounts Mortgagee: Citibank N.A., Hong Kong Branch. |
All moneys now or at any time in the future owing by the Company to
the Bank under any banking, derivative, foreign exchange, trade, margin,
guarantee or other facility or facilities or any account and all other
liabilities |
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26-07-2005 |
Instrument: Assignment of DC Proceeds Property: By way of assignment or agreement to assign in each case as beneficial
owner. All monies in any currency
representing proceeds payable or to be paid to the Customer under the
Documentary Credits, all the Customer’s right, title and interest in the said
Documentary Credits and the benefit of all powers and remedies for enforcing
the Documentary Credits Mortgagee: The Hongkong & Shanghai Banking
Corp. Ltd., |
All loans or other advances made or to be made by the Bank to the
Customer against documents submitted under a Documentary Credit, all monies
and liabilities in any currency owing by the Customer to the Bank at any
time, whether separately or jointly, actually or contingently, present or
future, interest on all loans and advances and such monies and all expenses
of the Bank in perfecting or enforcing the Assignment |
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23-12-2005 |
Instrument: Deed of Charge on Cash Deposit Property: A cash deposit of HK$1,000,000 under Account No. 515-30-16919-4
Deposit No. 0001 Mortgagee: The Bank of East Asia Ltd.,
Hong Kong. |
To secure credit facilities or financial accommodation |
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03-05-2011 |
Instrument: Charge Over Deposit Property: The Depositor charges the Deposit with full title guarantee and by way
of first fixed charge, in favour ANZ as continuing security for the due and
punctual payment of all moneys and performance of all other obligations that
the Depositor and/or Borrower, in any capacity and whether alone or with any
other person, is or at any time becomes actually or contingently liable to
pay or perform to, for or on account of ANZ in any manner or on any account
whatsoever prusuant to or in connection with the Secured Failities. Deposit Account No.: 410423 assigned by ANZ Mortgagee: |
All obligations |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.57 |
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|
1 |
Rs.100.62 |
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Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.