MIRA INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ASIA
VIEW ENTERPRISES LTD. |
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Registered Office : |
Room 1001B, 10/F.,
Enterprises Centre, 4 Hart Avenue, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
04.01.2006 |
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Com. Reg. No.: |
36615518 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Agricultural products, nuts, etc. |
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No. of Employees
: |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 30th, 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
ASIA VIEW ENTERPRISES LTD.
Company ADDRESS
Room 1001B, 10/F., Enterprises Centre, 4 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2526 5039
E-MAIL: asiaview@netvigator.com
MANAGEMENT
Managing Director: Mr. Prashant Kumar Marutirao Vitankar
SUMMARY
Incorporated on: 4th January, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$25,000,000.00
Issued: HK$25,000,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 4.
Main Dealing Banker: Bank of Baroda, Hong Kong Branch.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
Room 1001B, 10/F., Enterprises Centre, 4 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
36615518
COMPANY FILE NUMBER
1017085
MANAGEMENT
Managing Director: Mr. Prashant Kumar Marutirao Vitankar
CAPITAL
Nominal Share Capital: HK$25,000,000.00 (Divided into 25,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$25,000,000.00
SHAREHOLDER
(As per registry
dated 04-01-2011)
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Name |
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No. of shares |
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Prashant Kumar Marutirao VITANKAR |
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25,000,000 ======== |
DIRECTORS
(As per registry
dated 04-01-2011)
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Name (Nationality) |
Address |
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Mohini Prashant VITANKAR |
Flat D, 15/F., Tower 1, Parc Palais, 18 Wylie Road, Kowloon, Hong Kong. |
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Prashant Kumar Marutirao VITANKAR |
Flat D, 15/F., Tower 1, Parc Palais, 18 Wylie Road, Kowloon, Hong Kong. |
SECRETARY
(As per registry
dated 04-01-2011)
|
Name |
Address |
Co.
No. |
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Stevensec Ltd. |
4/F. & 5/F., Central Tower, 28 Queen’s Road Central, Hong Kong. |
0879348 |
HISTORY
The subject was incorporated on 4th January, 2006 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at 4/F. & 5/F., Central Tower, 28 Queen’s Road Central, Hong Kong, moved to the present address with effect from 1st March, 2011.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Agricultural products, nuts, etc.
Employees: 4.
Commodities Imported: China, India, Southeast Asia, Europe, US, etc.
Markets: Asian countries, Europe, North America, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: As per contracted.
FINANCIAL INFORMATION
Nominal Share Capital: HK$25,000,000.00 (Divided into 25,000,000 shares of HK$1.00 each)
Issued Share Capital: HK$25,000,000.00
Mortgage or Charge
(since 2009): (See attachment)
Profit or Loss: Making a small profit in the past two years.
Condition: Keeping in a satisfactory manner.
Facilities: Making rather active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Bankers:-
· Bank of Baroda, Hong Kong Branch.
· UCO Bank, Hong Kong Branch.
Standing: Normal.
GENERAL
Having issued 25 million ordinary shares of HK$1.00 each, Asia View Enterprises Ltd. is solely owned by Mr. Prashant Kumar Marutirao Vitankar who is an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The directors of the subject are P. K. Vitankar and Mr. Mohini Prashant Vitankar. The latter is also a Hong Kong ID Card holder.
The subject is trading in the following products:-
· Coffee, Coca, corn (dried), dried nuts, etc.
· Milk powder, chocolate, other dairy products, etc.
· Agricultural products
· Other foodstuffs, etc.
Products are imported from Europe, India, China, Southeast Asia, etc. Prime markets are Hong Kong, Asian countries, etc. Business keeps on improving.
The subject has had business ties with a number of coffee producers.
In Hong Kong, the subject’s business is chiefly operated by the two Vitankars. History is over five years and eleven months.
On the whole, consider the subject good for normal business engagements.
MORTGAGE OR CHARGE
(Since 2009)
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Date |
Particulars |
Amount |
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26-03-2010 |
Instrument: Memorandum Property: Distinctive 91210300003906 26-03-2010 US$1,000,000.00 27-09-2010 Mortgagee: Bank of Baroda, Hong Kong Branch. |
Loan or credit or other facilities |
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30-04-2010 |
Instrument: Undertaking Relating to Deposits Property: Receipt No. Date of Receipt Due Date Amount 2010 EM 11 30-04-2010 29-10-2010 US$1,000,000.00 Mortgagee: UCO Bank, Hong Kong Branch. |
“Liabilities” means all and any liabilities, sole or joint, actual or contingent, quantified or not, now or hereafter owing or incurred to the Bank by the Depositor or thhe Third Party |
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06-05-2011 |
Instrument: Memorandum Property: Distinctive 91210300004419 28-03-2011 US$1,004,540.42 28-09-2011 Mortgagee: Bank of Baroda, Hong Kong Branch. |
Loan or credit or other facilities |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.27 |
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UK Pound |
1 |
Rs.82.09 |
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Euro |
1 |
Rs.68.90 |
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.