MIRA
INFORM REPORT
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Report Date : |
28.11.2008 |
IDENTIFICATION DETAILS
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Name : |
ASIAN LTD. |
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Registered Office : |
Room 1503, 15/F., Entrepot Centre, |
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Country : |
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Date of Incorporation : |
18.09.2002. |
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Com. Reg. No.: |
33209283 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of Leather
Garment. |
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 : |
Regular |
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Litigation : |
Clear |
name of the company
ASIAN LTD.
ADDRESS
c/o Alfi International Ltd.
Room 1503, 15/F., Entrepot Centre,
PHONE: 2389 2126
FAX: 2389 0073
E-MAIL: info@alfihk.com
MANAGEMENT
General Manager: Mr. Philippe Haddad
SUMMARY
Incorporated on: 18th September, 2002.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$2.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 5. (Including affiliate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Fair.
ADDRESS
Registered Office:-
c/o Wiseland Secretarial Services Ltd.
Room 2302, 23/F.,
Head Office:-
c/o Alfi International Ltd.
Room 1503, 15/F., Entrepot Centre,
Affiliated Company:-
Alfi International Ltd.,
BUSINESS REGISTRATION NUMBER
33209283
COMPANY FILE NUMBER
814635
MANAGEMENT
General Manager: Mr. Philippe Haddad
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
SHAREHOLDERS
(As per registry
dated 18-09-2008)
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Name |
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No. of shares |
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Wiseland Secretarial Services Ltd., Hong Kong. |
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1 |
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Team Power Consultants Ltd., |
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1 |
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–– |
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Total: |
2 = |
DIRECTORS
(As per registry
dated 18-09-2008)
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Name |
Address |
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Wiseland Secretarial Services Ltd. |
Room 2302, 23/F., |
263720 |
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Team Power Consultants Ltd. |
Room 2302, 23/F., |
745386 |
SECRETARY
(As per registry dated
18-09-2008)
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Name |
Address |
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Wiseland Secretarial Services Ltd. |
Room 2302, 23/F., |
263720 |
HISTORY
The subject was incorporated on 18th September, 2002 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.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of leather garments.
Employees: 5. (Including affiliate)
Materials/Commodities: Imports raw materials from European countries,
some Asian countries and finished products from
Markets:
Terms/Sales: L/C, D/P, etc.
Terms/Buying: L/C.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$2.00
Profit & Loss: Keeping a balance account every year.
Condition: Business seems not very active.
Facilities: Adequate for current running.
Payment: Met as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong &
Shanghai Banking Corp. Ltd.,
Standing: mall.
GENERAL
Asian Ltd. is equally held by two
The subject has just issued 2 ordinary shares of HK$1.00 each while each of the holding companies holds one share. These two firms are also directors of the subject.
The subject’s registered address is also the operating address of Wiseland Secretarial Services Ltd.
The subject has got an affiliated company Alfi International Ltd. [Alfi] located at the same office. Incorporated on 29th September, 1999, Alfi is a leather garment trader. It is likely that the subject is engaged in the same lines of business as Alfi.
Alfi has had its factory located at
The subject seems to be a shelf company.
On the whole, consider it good for normal business engagements on L/C basis.
COURT CASES: None per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.84 |
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1 |
Rs.76.81 |
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Euro |
1 |
Rs.64.38 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)