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MIRA INFORM REPORT
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Report Date : |
05.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NOVA AGRO (HK)
LTD. |
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Registered Office : |
AFP Corporate Services Ltd., 28/F., Tesbury Centre, 28 Queen’s Road East, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
06.02.2006 |
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Com. Reg. No.: |
36423793 |
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Legal Form : |
Private Limited
Liability Company |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name
NOVA AGRO
(HK) LTD.
Address
c/o AFP Corporate Services Ltd.
28/F., Tesbury Centre,
28 Queen’s Road East,
Wanchai, Hong Kong.
ADDRESS
Registered Office:-
c/o AFP Corporate Services Ltd.
28/F., Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong.
[Tel: 3188 1143; Fax: 3188 1147]
Holding
Company:-
Beneficial Holdings Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
36423793
COMPANY FILE NUMBER
1023146
DATE OF INCORPORATION
6th February, 2006.
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided
into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER: (As
per registry dated 06-02-2008)
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Name |
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No. of share |
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Beneficial Holdings Ltd., Hong Kong. |
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1 = |
DIRECTOR: (As
per registry dated 06-02-2008)
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Name |
Address |
Co. No. |
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Exact Administration Ltd. |
28/F., Tesbury
Centre, 28 Queen’s Road East, Wanchai, Hong Kong. |
874843 |
SECRETARY: (As per
registry dated 06-02-2008)
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Name |
Address |
Co. No. |
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Intersect Services Ltd. |
28/F., Tesbury
Centre, 28 Queen’s Road East, Wanchai, Hong Kong. |
129588 |
GENERAL
Nova Agro (HK) Ltd. was incorporated on 6th
February, 2006 as a private limited liability company under the Hong Kong
Companies Ordinance.
The subject does not have its own operating
office. Its registered office is in a
commercial service firm located at 28/F., Tesbury Centre, 28 Queen’s Road East,
Wan Chai, Hong Kong known as AFP Corporate Services Ltd. [AFP] which is
handling its correspondences and documents.
The corporate secretary of the subject Intersect Services Ltd. is also
located at the operating address of AFP.
The subject has no employees in Hong Kong.
According to the Companies Registry of Hong
Kong, the subject has issued 1 ordinary share of HK$1.00 which is owned by
Beneficial Holdings Ltd. [Beneficial].
Beneficial is a Hong Kong registered firm also located at the operating
address of AFP. The director of the
subject Exact Administration Ltd. is also a Hong Kong registered firm also
located at the operating address of AFP.
AFP is a member of the AFP Group.
The subject seems to be a shelf company.
The subject’s lines of business are unknown
since the secretarial firm declined to divulge any information about it.
Since the subject does not have its own
operating office, has no employees and being a shelf company in Hong Kong,
consider it good for business engagements on fully secured terms.
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.44.26 |
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UK Pound |
1 |
Rs.79.19 |
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Euro |
1 |
Rs.64.42 |
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%)