MIRA INFORM REPORT

 

 

Report Date :

11.08.2011

 

IDENTIFICATION DETAILS

 

Name :

GLINTS  GLOBAL  (HK)  LTD.

 

 

Registered Office :

Room 802, 8/F., Star House,3 Salisbury Road, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

22.06.2010

 

 

Com. Reg. No.:

52479039

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of diamonds and jewellery products, emerald, precious stones, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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)

Hong Kong

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name 

 

GLINTS  GLOBAL  (HK)  LTD.

 

 

Address

 

Room 802, 8/F., Star House,3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

 

(Head Office)

and

c/o Vantic Accounting & Consultant Ltd.

Flat B, 4/F., Crawford Tower,

99-101 Jervois Street,

Sheung Wan, Hong Kong.

(Registered Office)

 

PHONE:                        2367 7704

 

FAX:                 2367 7705

 

 

MANAGEMENT

 

Managing Director:  Mr. Kumar Garg Manoj

 

 

SUMMARY

 

Incorporated on:             22nd June, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000,000.00

Issued:              HK$10,000,000.00

 

Business Category:        Diamond Trader.

 

Employees:                   6.  (Including associates)

 

Main Dealing Banker:     Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Office:-

c/o Vantic Accounting & Consultant Ltd.

Flat B, 4/F., Crawford Tower, 99-101 Jervois Street, Sheung Wan, Hong Kong.

 

Head Office:-

Room 802, 8/F., Star House, 3 Salisbury Road, Tsimshatsui, Kowloon, Hong Kong.

 

Associated Companies:-

Ford Asia International Ltd., Hong Kong.  (Same address)

Glints Global General Trading LLC, UAE.

Glints Global General Trading Pte. Ltd., Singapore.

 

 

BUSINESS REGISTRATION NUMBER

 

52479039

 

 

COMPANY FILE NUMBER

 

1471584

 

 

MANAGEMENT

 

Managing Director:  Mr. Kumar Garg Manoj

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$10,000,000.00

 

 

SHAREHOLDER  

(As per registry dated 22-06-2010)

 

Name

 

No. of shares

Kumar Garg MANOJ

 

10,000,000

========

 

 

DIRECTOR    

(As per registry dated 22-06-2010)

 

Name

(Nationality)

 

Address

Kumar Garg MANOJ

F41 Milap Nagar, Uttam Nagar, New Delhi, India.

 

 

SECRETARY

(As per registry dated 22-06-2010)

 

Name

Address

Co. No.

Vantic Accounting & Consultant Ltd.

Flat B, 4/F., Crawford Tower, 99-101 Jervois Street, Sheung Wan, Hong Kong.

1326135

 

 

HISTORY

 

The subject was incorporated on 22nd June, 2010 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 diamonds and jewellery products, emerald, precious stones, etc.

 

Employees:                   6.  (Including associates)

 

Commodities Imported:   India, Belgium, other European countries, etc.

 

Markets:                       Japan, Southeast Asia, Europe, Middle East, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, T/T, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000,000.00 (Divided into 10,000,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$10,000,000.00

 

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:     Too early to comment.

 

Banker:                         Standard Chartered Bank (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10 million ordinary shares of HK$1.00 each, Glints Global (HK) Ltd. is wholly owned by Mr. Kumar Garg Manoj who is an Indian.  Being an India passport holder, Manoj does not have the right to reside in Hong Kong permanently.  He is also the only director of the subject.

The subject has had an affiliated company located at its operating address known as Ford Asia International Ltd. which is engaged in the same lines of business.

The subject belongs to Glints Global Group of companies  The Group is engaged in importing, exporting and international trading.  With markets as diverse as India, Singapore, Hong Kong and Dubai, the Group has earned an international repute.

The Group is a diamond trader.  It supplies polished, loose diamonds to thousands of retailers.  It has a vast inventory of stones, in a wide variety of shapes and sizes.  It has round and fancy diamonds supplied to the domestic and international market.  Besides diamond, the subject also trades in the following commodities:-

·         Steel — the Group is a supplier of various type of steel to different parts of the globe.  It deals in a wide range of products that cater to a variety of industry.  It is producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defense industries and for sale in export markets catering various industrial sectors.

·         Garments and Textiles — Glints Global is a well known and renowned name as an exporter/importer of garments.  It is trading in the following products:-

o        Men’s – Shirts

o        Ladies-Skirts

o        Long dresses

o        Blouses

o        Shirts

o        Wrap around

o        Hang tops

o        Bottoms-trouser

o        Pyjama

o        Ladies garments

o        Scarves

·         Food Products — the Group is trading in the following products:-

o        Glucose Biscuits

o        Milk and Malt Biscuits

o        Tea biscuits

o        Energy Biscuits

o        Digestive Biscuits

o        Chocolate Biscuits

o        Coconut Biscuits

o        Butter Cookies

o        Cashew Cookies

o        Nut Cookies

o        Cream Biscuits

o        Bourbon Biscuits

o        Choco Chip Cookie

The subject is fully supported by the Glints Global Group.  However, history in Hong Kong is just over a year and a month.  The representative of the subject can be reached at his mobile phone number 6498 7775.

On the whole, since the history of the subject is short, consider it good for normal business engagements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.51

Euro

1

Rs.64.76

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.