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Report Date : |
01.09.2014 |
IDENTIFICATION DETAILS
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Name : |
DINGAN LIMITED |
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Registered Office : |
Em Macau,
Avenida Da Praia Grande Nos 762-804, China Plaza 8F |
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Country : |
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Date of Incorporation : |
11.02.2009 |
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Com. Reg. No.: |
SO34860 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Subject is providing the trading services [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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No. of Employees |
Not Available |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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 |
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. - In 2013, Macau's gaming-related taxes accounted for more than 85% of total government revenue. Macau''s economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in 2010-13, largely on the back of tourism from mainland China and the gaming sectors. In 2013, this city of 607,500 hosted nearly 29.3 million visitors. Almost 64% 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 2013, exports were US$1.1 billion, while gaming receipts were US$45.2 billion, an 18.6% increase over 2012. Macau''s economy expanded by 11.9% in 2013; 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 |
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Company Name (in English): |
DINGAN LIMITED |
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Company Name (in Portuguese): |
DINGAN LIMITADA |
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Supplied Name: |
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Trading Address: |
Em Macau, Avenida Da Praia Grande Nos 762-804, China Plaza 8F |
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Supplied Address: |
AVENIDA PRAIA GRANDE NO. 730-804 EDIF CHINA TOWER 8, ANARFMACAU |
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Telephone Number: |
Note: The exact name and address are as above.
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Registered Name: |
DINGAN LIMITED |
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Registered Address: |
Em Macau,
Avenida Da Praia Grande Nos 762-804, China Plaza 8F |
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Date of Registration: |
2009-2-11 |
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Business Registered Number: |
SO34860 |
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Legal Form: |
Private Limited
Liability Company |
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Registered Capital: |
MOP 500,000
(USD 61,200) (As of 2014.09,
1 MOP = 0.1224 USD) |
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Principal Activities: |
Providing the trading services and etc. |
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Staff: |
N/A |
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Listed at Stock Exchange: |
No |
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Information Ended at: |
2014-8-20 |
Subject was incorporated on 2009-2-11 with registered number SO34860 as Private Limited Liability Company in Macao.
Corporate Structure
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either.
|
Subscription Amount |
Proportion of Investment (%) |
|
|
Chan Chee Tseng Christopher |
450,000 |
90% |
|
Cheung Shui Yu Fanny |
50,000 |
10% |
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Total |
500,000 |
100% |
Major Shareholder Information:
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1 |
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Name: |
Chan Chee Tseng Christopher |
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Address: |
31F-A, Tower 7, Yi Hao Hu Pan, N/S, Sha Ge Da Ma Road, Macau |
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Marital Status: |
Married |
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Gender: |
Male |
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2 |
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Name: |
Cheung Shui Yu Fanny |
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Address: |
31F-A, Tower 7, Yi Hao Hu Pan, N/S, Sha Ge Da Ma Road, Macau |
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Marital Status: |
Married |
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Gender: |
Male |
Core Management
Board of Directors:
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1 |
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Name: |
Chan Chee Tseng Christopher |
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Address: |
31F-A, Tower 7, Yi Hao Hu Pan, N/S, Sha Ge Da Ma Road, Macau |
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Position: |
Director/Administrator |
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Marital Status: |
Married |
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Gender: |
Male |
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2 |
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Name: |
Cheung Shui Yu Fanny |
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Address: |
31F-A, Tower 7, Yi Hao Hu Pan, N/S, Sha Ge Da Ma Road, Macau |
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Position: |
Director |
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Marital Status: |
Married |
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Gender: |
Female |
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Authorized Signatures |
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Any one of the above directors can sign on behalf of the subject with seal affixed. |
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Offices & Factories
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Office |
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Address: |
Em Macau, Avenida Da Praia Grande Nos 762-804, China Plaza 8F |
Premises Information
Office address:
|
Address: |
Em Macau, Avenida Da Praia Grande Nos 762-804, China Plaza F8 |
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Owners: |
Cha Ka Cheong |
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Matriz: |
72019 |
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Nature: |
Urban |
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Duration: |
The year of issued license: 1995 |
Operation Information
We contacted with the subject, the relevant staff Ms. Zhang introduced confirmed the name and address for us, and she also introduced that her company is mainly engaged in providing trading services for its group and group’s members, however she declined to disclose the details for us, and we cannot find any relevant information from any valid sources, either.
The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Macao and the only source from which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Zhang rejected to disclose the financial information, from other sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Interview Details:
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Name: |
Ms. Zhang |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.48 |
|
|
1 |
Rs.100.35 |
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Euro |
1 |
Rs.79.86 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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.