MIRA INFORM
REPORT
|
Report Date : |
26.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHREENATHJI
INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
c/o W.H.S Consultants Ltd., Room 907, 9/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
21.11.2007 |
|
|
|
|
Com. Reg. No.: |
38649995 |
|
|
|
|
Legal Form : |
Private Limited Company. |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Cosmetics, fragrances, 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 : |
Small Company |
|
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 |
Bottom of Form
Company name
SHREENATHJI INTERNATIONAL
LTD.
Company ADDRESS
c/o W.H.S Consultants Ltd.
Room 907, 9/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong.
PHONE: 2121 8716
FAX: 2126 7559
MANAGEMENT
Managing Director: Mr. Jeetendra Bhanubhai Joshi
SUMMARY
Incorporated on: 21st November, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o W.H.S Consultants Ltd.
Room 907, 9/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong.
BUSINESS REGISTRATION NUMBER
38649995
COMPANY FILE NUMBEr
1187290
MANAGEMENT
Managing Director: Mr. Jeetendra Bhanubhai Joshi
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 21-11-2010)
|
Name |
|
No. of shares |
|
Jignesh Harivallabhabhai LAKHANI |
|
5,000 |
|
Jeetendra Bhanubhai JOSHI |
|
5,000 |
|
|
|
–––––– |
|
|
Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 21-11-2010)
|
Name (Nationality) |
Address |
|
Jignesh Harivallabhabhai LAKHANI |
Room 907, Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong. |
|
Jeetendra Bhanubhai JOSHI |
Room 907, Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong. |
SECRETARY
(As per registry
dated 21-11-2010)
|
Name |
Address |
Co.
No. |
|
W.H.S Consultants Ltd. |
Room 907, 9/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong. |
0873536 |
HISTORY
The subject was incorporated on 21st November, 2007 as a private limited liability company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Ledart Optoelectronics Co. Ltd., name changed to the present style on 18th December, 2009.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Cosmetics, fragrances, precious stones, etc.
Employees: Nil.
Commodities Imported: India, United States, etc.
Markets: China, other Asian countries, etc.
Terms/Sales: As per contracted.
Terms/Buying: L/C, T/T, D/P, 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
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
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, Shreenathji International Ltd. is equally owned by Mr. Jeetendra Bhanubhai Joshi and Mr. Jignesh Harivallabhabhai Lakhani. Both of whom are India passport holders and do not have the right to reside in Hong Kong permanently.
Formerly the shares held by the two Indian were held by two China businesswomen: Ms. Ai Ling Ling and Ms. Wen Xiaoping. They transferred their shares to the present shareholders in December 2009.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 907, 9/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong Kong known as W.H.S Consultants Ltd. which is handling its correspondences and documents. W.H.S Consultants Ltd. is also the corporate secretary of the subject. The subject has no employees in Hong Kong.
The subject has got an associated company in Guangzhou, Guangdong Province, China.
According to the phone number 86-20-8334 5457 provided, it belongs to a firm known as Zhuwang Fragrance Co. Ltd. [Zhuwang]. This firm is trading in all kinds of cosmetics, fragrances, precious stones, etc. It is likely that Zhuwang is also owned and operated by the two shareholders of the subject. Zhuwang’s products are imported from Europe, India, and the United States. Prime market is China. The contact person of Zhuwang Ms. Ci Ci Wang is a Chinese lady who can be reached at her mobile phone number 15913131575.
It is likely that Zhuwang deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. Zhuwang also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not very active.
Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.13 |
|
UK Pound |
1 |
Rs.75.52 |
|
Euro |
1 |
Rs.66.53 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.