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MIRA INFORM
REPORT
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Report Date : |
05.08.2011 |
IDENTIFICATION DETAILS
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Name : |
WHITE
ROCK TRADING (HK)
LTD. |
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Registered Office : |
c/o CBS Pacific Ltd., Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
13.10.2009 |
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Com. Reg. No.: |
51271866 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Diamonds, 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 : |
Small Company |
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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, 2011
|
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
WHITE ROCK TRADING
(HK) LTD.
Company ADDRESS
Room 1715, 17/F., Beverley Commercial Centre, 87-105 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2736 9720
FAX: 3012 1985
E-MAIL: hk@whiterocktrade.com
MANAGEMENT
Managing Director: Mr. Pinkesh Vasant Zota
SUMMARY
Incorporated on: 13th October, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$1,000,000.00
Issued: HK$1,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 2. (Including associate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Fairly satisfactory.
Company ADDRESS
Registered
Office:-
c/o CBS Pacific Ltd.
Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong.
Head Office:-
Room 1715, 17/F., Beverley Commercial Centre, 87-105 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
Associated
Companies:-
White Rock Diamond Ltd., Hong Kong. (Same address)
White Rock Trading Company, India.
BUSINESS REGISTRATION NUMBER
51271866
COMPANY FILE NUMBER
1381180
MANAGEMENT
Managing Director: Mr. Pinkesh Vasant Zota
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDERS
(As per registry
dated 17-12-2010)
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Name |
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No. of shares |
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White Rock Trading Company 2/F., R. No.-202, Vitrag Apts., 16, Khotachi Wadi, V.P. Road, Mumbai, India. |
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10,000 |
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Pinkesh Vasant ZOTA |
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990,000 |
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–––––––– |
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Total: |
1,000,000 ======= |
DIRECTOR
(As per registry
dated 13-10-2010)
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Name (Nationality) |
Address |
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Pinkesh Vasant ZOTA |
41, Nymph Building, 4/F., Narayan Dhabolkar Road, Off Nepan Sea Road, Mumbai, M.S., India. |
SECRETARY
(As per registry
dated 13-10-2010)
|
Name |
Address |
Co.
No. |
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CBS Pacific Ltd. |
Unit A, 8/F., Kam Chung Commercial Building, |
0582043 |
HISTORY
The subject was incorporated on 13th October, 2009 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: Diamonds, etc.
Employees: 2. (Including associate)
Commodities Imported: India, Europe, other Asian countries, etc.
Markets: Hong Kong, Europe, other Asian countries, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
Alternation of Capital:-
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Initially |
paid up |
HK$ 10,000.00 |
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17-12-2010 |
paid up |
HK$ 990,000.00 |
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––––––––––––––– |
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Total: |
paid up |
HK$ 1,000,000.00 ============== |
Increase of
Nominal Capital:-
|
From |
HK$10,000.00 |
to |
HK$1,000,000.00 |
on |
17-12-2010 |
Profit or Loss: Kept a balance account in 2010.
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
At the very beginning, White Rock Trading (HK) Ltd. had issued 10,000 ordinary shares of HK$1.00 each which were wholly owned by White Rock Trading Company, an India-based firm. The director of the subject is Mr. Pinkesh Vasant Zota. He is an India passport holder and currently residing in Mumbai, India.
In December 2010, the subject issued 990,000 more ordinary shares of HK$1.00 each which were allotted to Zota. Now, Zota is holding 99% interests of the subject while the remaining 1% is still held by White Rock Trading Company.
The subject’s registered office is in a commercial service firm located at Unit A, 8/F., Kam Chung Commercial Building, 19-21 Hennessy Road, Wanchai, Hong Kong known as CBS Pacific Ltd. which is handling its correspondences and documents. CBS Pacific Ltd. is also the corporate secretary of the subject.
The subject has had an associated company located at its operating address known as White Rock Diamond Ltd. [White Rock] which was incorporated in Hong Kong on 9th September, 2009. The subject and White Rock are engaged in the same lines of business and carrying the same products.
The subject is engaged in manufacturing and trading in loose diamonds like marquise, pears, tappers, buggets and rose cut diamonds range from 0.05 cts to 0.60 cts. Commodities are chiefly supplied by its associated company in Mumbai, India.
The subject markets its products in Hong Kong, and exported to Japan, other Asian countries and Europe. Business is improving.
As the history of the subject in Hong Kong is just over a year and nine months, on the whole, 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 |
|
US Dollar |
1 |
Rs.44.42 |
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UK Pound |
1 |
Rs.72.70 |
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Euro |
1 |
Rs.63.55 |
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.