MIRA INFORM REPORT

 

 

Report Date :

12.08.2011

 

IDENTIFICATION DETAILS

 

Name :

INFINITY  EXIM  FZE

 

 

Registered Office :

C/o Buttar.HK Ltd.

Unit I, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.01.2011

 

 

Com. Reg. No.:

53641728-000-01

 

 

Legal Form :

Proprietorship

 

 

Line of Business :

Diamond Importer, Exporter and Wholesaler

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

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

 

INFINITY  EXIM  FZE

 

 

ADDRESS

 

Registered Office:-

c/o Buttar.HK Ltd.

Unit I, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

 

Associated Company:-

Infinity Exim FZE, UAE.

 

 

BUSINESS REGISTRATION NUMBER

 

53641728-000-01

 

 

ESTABLISHMENT

 

20th January, 2011.

 

 

SOLE PROPRIETOR

 

Name:  Mr. Rajendran MUNILAL

Residential Address:      No. 125 Annapillai, 4/F., Sowcarpet, Chennai-600079, India.

 

 

GENERAL

 

Infinity Exim FZE is a sole proprietorship set up on and owned by Mr. Rajendran Munilal who is an Indian under the Hong Kong Business Registration Regulations.  Rajendran Munilal is an India passport holder and does not have the right to reside in Hong Kong permanently.  He is the manager of the subject.

Business commenced in January 2011, the subject does not have its own operating office.  Its registered office is in a commercial service firm located at Unit I, 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.

The subject has no employees in Hong Kong.  Its lines of business are unknown since the secretarial firm declined to divulge any information about it.

It is likely that the subject is a diamond importer, exporter and wholesaler.  It is dealing in fine coloured diamonds, loose diamonds, polished and cut diamonds and rare gem stones.  Commodities are imported from India and re-exported to the United Arab Emirates.  It has had an associated company bearing the same name in the United Arab Emirates.  The UAE firm is doing business with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.

The subject’s history in Hong Kong is just over six months.

We are not sure whether the subject has been banking with Standard Chartered Bank (Hong Kong) Ltd.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on fully secured terms.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.27

UK Pound

1

Rs.73.34

Euro

1

Rs.64.58

 

 

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.