MIRA
INFORM REPORT
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Report Date : |
21.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PRETEX INTERNATIONAL LTD. |
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Registered Office : |
C/o International Business Services Ltd. Room A, 6/F., Success Commercial Building, 245-251 Hennessy Road,
Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.07.2009 |
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Com. Reg. No.: |
50890401 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of
Textile products, etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
No Operating Office In Hong Kong |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
PRETEX INTERNATIONAL
LTD.
ADDRESS: c/o International Business
Services Ltd.
Room A, 6/F., Success Commercial Building,
245-251 Hennessy Road, Wanchai, Hong Kong.
PHONE: 2802 1303
FAX: 2802 1803
MANAGEMENT
Managing Director: Mr. Yashpal
Nandkumar Punyarthi
SUMMARY
Incorporated on: 14th
July, 2009.
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.
ADDRESS
Registered Head Office:-
c/o International Business Services Ltd.
Room A, 6/F., Success Commercial Building, 245‑251 Hennessy Road,
Wanchai, Hong Kong.
China Associated Office:-
The Premier Corporation Zhangjiagang Office, China.
Associated Company:-
The Premier Corporation
Kailash Darshan, 6/2, Ramesh Nagar, Amboli, J.B.M. Road, Andheri (W),
Mumbai, Maharashtra, India.
BUSINESS REGISTRATION NUMBER
50890401
COMPANY FILE NUMBER
1352787
MANAGEMENT
Managing Director: Mr. Yashpal
Nandkumar Punyarthi
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
SHAREHOLDER
(As per registry dated 14-07-2011)
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Name |
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No. of shares |
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Yashpal Nandkumar PUNYARTHI |
|
10,000 ===== |
DIRECTOR
(As per registry dated 14-07-2011)
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Name (Nationality) |
Address |
|
Yashpal Nandkumar PUNYARTHI |
Suite No. 501, Building No. 14, Ximun Nanchun, Zhangjiagang, Jiangsu,
China. |
SECRETARY
(As per registry dated 14-07-2011)
|
Name |
Address |
Co. No. |
|
International Business Services Ltd. |
Room A, 6/F., Success Commercial Building, 245‑251 Hennessy
Road, Wanchai, Hong Kong. |
0569110 |
HISTORY
The subject was incorporated on 14th July, 2009 as a private limited liability
company under the Hong Kong Companies Ordinance.
Originally the subject was registered under the name of Maxim
Enterprises Ltd., name changed to the present style on 14th May, 2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer,
Exporter and Wholesaler.
Lines: Textile
products, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: Japan,
other Asian countries, Europe, etc.
Terms/Sales:
L/C or 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.
Condition: Business
is under development.
Facilities: Trying
to make use of general banking facilities.
Payment:
Met trade
commitments as required.
Commercial Morality: Fairly
satisfactory.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing:
Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Pretex
International Ltd. is wholly owned by Yashpal Nandkumar Punyarthi who is an
Indian. He is an India passport
holder and does not have the right to reside in Hong Kong
permanently. He is also the only
director of the subject. Currently, he
is residing in Zhangjiagang City, Jiangsu Province, China.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room A, 6/F., Success Commercial Building, 245-251
Hennessy Road, Wanchai, Hong Kong known as International Business Services
Ltd. which is handling its correspondences and documents. This firm is also the corporate secretary of
the subject.
The subject has no employees in Hong Kong.
To our knowledge, the subject has got an associated company The Premier
Corporation [Premier] in India.
Premier is a trader for garment fabrics and accessories from
China/Hong Kong/Taiwan in bulk and catering to garment manufacturers in
several countries like Bangladesh/Kenya/Vietnam, etc. It has a joint venture with fabrics and
accessories manufacturers in China/Taiwan/Hong Kong.
Premier is working with several suppliers across the globe. It supplies customers with apparel
accessories and all kind of sophisticated items. Its main buyers are j. c. Penney, K mart,
sears, Wal-Mart, target, etc.
Premier chiefly trades in Yarn Dyed, Twill, Denims, Dobbies, Corduroy,
and Spandex, etc. It has had several
garment factories located in different countries such as Vietnam, Bangladesh,
Kenya, India procuring through Premier.
Premier has set up an office in Zhangjiagang City, Jiangsu Province,
China. The business of the Zhangjiagang
Office is handled by Punyarthi who can be reached at his mobile phone number
86-13962216400.
Punyarthi is responsible for sourcing commodities in China for Premier.
It is also likely that the Premier deals with foreign parties under the
name of the subject and let foreign firms correspond with the subject’s
registered address in Hong Kong. Premier
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 active. History in Hong Kong is over two years and
five months.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.03 |
|
|
1 |
Rs.82.34 |
|
Euro |
1 |
Rs.68.99 |
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 |
|
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.