MIRA
INFORM REPORT
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Report Date : |
28.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIA PACIFIC IMPORT & EXPORT CO. |
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Registered Office : |
Room 422, 4/F., Beverley Commercial Centre, 87-105 Chatham Road, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.06.2007 |
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Com. Reg. No.: |
38034592-000-06 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Importer, Exporter and Wholesaler of OTR Tires, Biars Tires, Radial Tires, Chemicals, Mobile Phones, AMD Chips, etc |
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No. of Employees : |
2. |
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 – 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
ASIA PACIFIC
IMPORT & EXPORT
CO.
Address
Room 422, 4/F., Beverley Commercial Centre,
87-105 Chatham Road, Kowloon,
Hong Kong.
(Formerly located at:
Flat C, 3/F., Tai Chi Court,
132-134 Austin Road, Tsimshatsui,
Kowloon, Hong Kong.)
PHONE: 2366 4470, 9042 4358
FAX: 3010 1243
E-MAIL: inder@asiapacifichk.com
MANAGEMENT
Manager: Mr. Rahul Tripathi
SUMMARY
Establishment: 8th
June, 2007.
Organization: Sole
Proprietorship.
Capital:
Not
disclosed.
Business Category: Importer, Exporter and Wholesaler.
Employees:
2.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Head Office:-
Room 422, 4/F., Beverley Commercial Centre, 87-105 Chatham Road, Kowloon,
Hong Kong.
China Branch:-
4th Floor, Unit 1, 27th Building, Wuai Xin Cun, 322000, Yiwu, Zhejiang
Province, China.
[Telephone: 86-0579-8527 7563;
Fax: 86-0579-8527 7564]
Associated Companies:-
Asia Pacific Distributors, India.
Global Forex & Remittance Co. Inc., Philippines.
Global Fortune Import & Export Co. Inc., Philippines.
Global Group of Companies Inc., Philippines.
Global High-Tech Telecommunication Co. Inc., Philippines.
Simple Thumbs-Up Lending Co. Inc., Philippines.
BUSINESS REGISTRATION NUMBER
38034592-000-06
MANAGEMENT
Manager: Mr. Rahul Tripathi
SOLE PROPRIETOR
Name: Mr. Rahul TRIPATHI
Residential Address: Flat C,
3/F., Tai Chi Court, 132-134 Austin Road, Tsimshatsui, Kowloon, Hong Kong.
HISTORY
The subject was established on 8th June, 2007 as a concern owned by under the Hong Kong Business Registration
Regulations.
At the very beginning, the subject was located at Flat C, 3/F., Tai Chi
Court, 132-134 Austin Road, Tsimshatsui, Kowloon, Hong Kong, moved to the
present address in July 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: OTR Tires, Biars Tires, Radial Tires, Chemicals, Mobile
Phones, AMD Chips, etc.
Employees: 2.
Commodities Imported: China, other Asian countries, Europe, etc.
Markets: India, Philippines, other Asian
countries, Middle East, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: L/C,
T/T, D/P, etc.
FINANCIAL INFORMATION
Capital: Not disclosed.
Profit or Loss: Making a small
profit in 2010.
Condition:
Keeping in a
satisfactory manner.
Facilities:
Making rather
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
Asia Pacific Import & Export Co. is a sole proprietorship set up and
owned by Mr. Rahul Tripathi who is a Hong Kong ID holder. Being the manager of the subject, he has got
the right to reside in Hong Kong permanently.
The subject moved to the present address in July 2009.
The subject is a
wholly owned subsidiary of Global Group of Companies Inc. [Global Group] which
is registered in the Philippines. The
subject has had a Branch Office in Yiwu City, Zhejiang Province, China. The subject is trading in the following
commodities:-
OTR Tires, Biars
Tires, Radial Tires, Chemicals, Mobile Phones & AMD Chips, etc.
Most of the
commodities are sourced from China.
Products are exported to India, the Philippines, other Asian
countries, the Middle East, etc.
Business is normal.
The manager of the subject’s Yiwu Branch is Mr. Inderjeet Singh.
The Global Group
buys and sells all the major currencies on Wholesale and Retail Basis. It accepts and cashes travellers cheques of
all major currencies. Its remittance
service enables wire transfer of funds to anywhere in the world.
The Group’s other services include:-
·
Money Exchange
·
Money Transfer (Through MoneyGram International
Money Transfer)
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Remittances
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Encash of Travellers Cheques
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Bank Drafts
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Commercial Payments
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Financing
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Telecommunications (Mobile Phones &
Accessories)
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Import & Export
·
Distributors
The subject is fully supported by the Group. In Hong Kong, the subject’s business is
chiefly handled by Mr. Rahul Tripathi himself.
As the history of the subject is just over four years and six months in
Hong Kong, on the whole, consider it good for normal credit requirements
in small credit amounts.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.89 |
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|
1 |
Rs.82.71 |
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Euro |
1 |
Rs.69.15 |
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.