MIRA
INFORM REPORT
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Report Date : |
05.01.2011 |
IDENTIFICATION DETAILS
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Name : |
PRESHZON GLOBAL STEEL
LTD. |
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Registered Office : |
C/o Pinnacle Consultant Co. Ltd. Room 1109, 11/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai |
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Country : |
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Date of Incorporation : |
24.01.2007 |
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Com. Reg. No.: |
37582332 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of iron
and steel products and materials, etc. |
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 : |
Moderate |
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Payment Behaviour : |
Regular |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
PRESHZON GLOBAL
STEEL LTD.
ADDRESS
c/o Pinnacle Consultant Co. Ltd.
Room 1109, 11/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai,
PHONE: 2157 1818
FAX: 2520 0599
MANAGEMENT
Managing Director: Mr. Vijaykumar
Dinanath Aggarwal
SUMMARY
Incorporated on: 24th
January, 2007.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Iron and Steel Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
c/o Pinnacle Consultant Co. Ltd.
Room 1109, 11/F., Dominion Centre, 43-59 Queen’s Road East, Wanchai,
Associated/Affiliated Companies:-
Preshzon International,
Preshzon Middle
Preshzon Middle East Trading, UAE.
Preshzon Steel Pvt. Ltd.,
BUSINESS REGISTRATION NUMBER
37582332
COMPANY FILE NUMBER
1104574
MANAGEMENT
Managing Director: Mr. Vijaykumar
Dinanath Aggarwal
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 24-01-2010)
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Name |
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No. of shares |
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Vishal Vijay AGGARWAL |
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10,000 ===== |
DIRECTORS
(As per registry dated 24-01-2010)
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Name (Nationality) |
Address |
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CHAN Ka Yue, Flora |
4A41 |
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Vijaykumar Dinanath AGGARWAL |
Shivdarshan Chs, D-802 Saraswati Building, Plot No. 5, Sec-16, Palm
Beach Road, Sanpada Navi, Mumbai 400705, India. |
SECRETARY
(As per registry dated 24-01-2010)
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Name |
Address |
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Pinnacle Consultant Co. Ltd. |
Room 1109, 11/F., Dominion Centre, |
0662165 |
HISTORY
The subject was incorporated on 24th January, 2007 as a private limited
liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer
and Exporter.
Lines: All
kinds of iron and steel products and materials, etc.
Employees: Nil.
Commodities Imported:
Markets:
Terms/Sales:
As per contracted.
Terms/Buying: Various
terms.
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
Condition: Business
is not active in
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.,
Standing:
Small.
GENERAL
Preshzon Global Steel Ltd. is wholly-owned by Mr. Vishal Vijay Aggarwal
who is an Indian. He is an
The subject’s director in Hong Kong is Ms. Flora Chan Ka Yue who is a
Your given phone number 852-300075866 is incorrect. The number 852‑3007 5866 is a fax
number.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Room 1109, 11/F., Dominion Centre, 43-59 Queen’s Road
East, Wanchai, Hong Kong known as Pinnacle Consultant Co. Ltd. which is
handling its correspondences and documents.
Pinnacle Consultant Co. Ltd. is also the corporate secretary of the
subject.
The subject has no employees in
To our knowledge, the subject is a member of the Preshzon Steel
Group. The key member of the Group is
Preshzon Steel Pvt. Ltd. [Preshzon Steel] which is an India-based firm.
The director of Preshzon Steel is also V. V. Aggarwal. Preshzon Steel is a trader, importer,
indenting and sourcing agents for various flat products, structures and piping
items. It is carrying the following
commodities: Offshore Grade Plates as per, High Yield Structural Grade Plates
as per, Boiler and Pressure Vessel Grade Plates as per, High Strength and Low
Alloy Quenched and Tempered Grade Plates, Chrome/Moly Plates, Mild Steel Plates
as per, Steel Plates for Cryogenic Application, Universal Beams and Columns UB
UC, W Beams, HEA / HEB / IPE / IPN / UPN / PFC, Japanese Beams (H, I and U),
British Channels, Square, Rectangular and Hollow Sections, Equal, Unequal
Angles, MS Round Pipe, Seamless Pipes, etc.
Commodities are sourced from the
Preshzon Steel has set up associated companies in the
It is likely that Preshzon Steel deals with foreign parties under the
name of the subject and let foreign firms correspond with the subject’s
registered address in
The subject’s business in
Since the subject does not have its own operating office and has no
employees in
COURT CASES: None
per our.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.84 |
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1 |
Rs.69.32 |
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Euro |
1 |
Rs.59.79 |
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.