MIRA INFORM
REPORT
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Report Date : |
03.08.2011 |
IDENTIFICATION DETAILS
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Name : |
CROWN
AIM LTD. |
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Registered Office : |
Room 1101, 11/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
09.12.2010 |
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Com. Reg. No.: |
53762154 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of mobile phones and accessories, etc. |
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 : |
New Company |
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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, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Hong Kong |
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 |
Bottom of Form
Company name
CROWN AIM LTD.
Company ADDRESS
Room 1101, 11/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
PHONE: Not available
FAX: Not available
MANAGEMENT
Managing Director: Mr. Kuldeep Singh
SUMMARY
Incorporated on: 9th December, 2010.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Room 1101, 11/F., Guardforce Centre, 3 Hok Yuen Street East, Hunghom, Kowloon, Hong Kong.
Holding Company:-
Able Era Holdings Ltd., Hong Kong. (Same address)
Associated
Companies:-
Top Rise International Trading Ltd., Hong Kong.
U Vee Telecom, Hong Kong.
BUSINESS REGISTRATION NUMBER
53762154
COMPANY FILE NUMBER
1538177
MANAGEMENT
Managing Director: Mr. Kuldeep Singh
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
SHAREHOLDERS
(As per registry
dated 17-02-2011)
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Name |
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No. of shares |
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GNL10 Ltd., Hong Kong. |
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1 |
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Able Era Holdings Ltd., Hong Kong. |
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9,999 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry
dated 04-03-2011)
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Name (Nationality) |
Address |
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Kuldeep SINGH |
Flat H, 27/F., Tower 6, Phase 2, Caribbean Coast, 1 Kin Tung Road, Tung Chung, Lantau Island, Hong Kong. |
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Sajeed Ahamed Baba Sahab DESAI |
Springs 1, ST 2, Villa-30-2, Bedrooms, Dubai, UAE. |
SECRETARY
(As per registry
dated 17-02-2011)
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Name |
Address |
Co.
No. |
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Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong. |
0975326 |
HISTORY
The subject was incorporated on 9th December, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong where is the operating office of Gateway Registrations Ltd., moved to the present address with effect from 6th July, 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of mobile phones and accessories, etc.
Employees: 3.
Commodities Imported: China, Japan, Europe, South Korea, etc.
Markets: Asian countries, Middle East, Europe, etc.
Annual Turnover: Too early to obtain figure.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Alternation of
Capital:-
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09-12-2010 |
paid up |
HK$ 1.00 |
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17-02-2011 |
paid up |
HK$ 9,999.00 |
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––––––––––––– |
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Total: |
paid up |
HK$ 10,000.00 ============ |
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Crown Aim Ltd. is wholly owned by Able Era Holdings Ltd., a Hong Kong-registered firm located at the same operating address. The subject moved to the current operating address in early July 2011.
The only director of the subject Kuldeep Singh is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject is trading in all kinds of mobile phones and accessories. It is carrying GSM/PCS mobile phones and accessories bearing brand names such as “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic” / “NEC”, etc. Commodities are sourced from China, Japan, Europe, South Korea, etc. Prime markets are some of the Asian countries, the Middle East (especially the United Arab Emirates), Europe, etc.
It is likely that the subject has had an associated company in the United Arab Emirates which is operated by Sajeed Ahamed Baba Sahab Desai who is the other director of the subject.
Besides operating the subject, Kuldeep Singh is also operating another firm known as U Vee Telecom. This firm was registered in Hong Kong. The subject and U Vee Telecom are engaged in the same lines of business, more or less.
U Vee Telecom has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee. U Vee Telecom bears the licence No. of RU00133188-RU.
Besides U Vee Telecom, Kuldeep Singh is also one of the directors of Top Rise International Trading Ltd. [Top Rise] which is a Hong Kong-registered firm. Top Rise does not have its own operating office. Its registered office is in a commercial service firm located at Unit T, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling its correspondences and documents. Buttar.HK Ltd. is also the corporate secretary of the subject.
The history of the subject in Hong Kong is just over seven months.
On
the whole, since the subject is newly set up, consider it good for normal business
engagements on secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.23 |
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UK Pound |
1 |
Rs.72.09 |
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Euro |
1 |
Rs.62.99 |
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.