MIRA
INFORM REPORT
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Report Date : |
28.01.2011 |
IDENTIFICATION DETAILS
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Name : |
Vishwa Trade Ltd |
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Registered Office : |
C/o Akin CPA Ltd., 20/F., |
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Country : |
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Date of Incorporation : |
12.07.2006 |
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Com. Reg. No.: |
36942361 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler, Building materials, furniture,
textiles, timber, luggage, bags, cases, handbags, wallets, purses, 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 : |
Small Company |
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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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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
VISHWA TRADE LTD.
ADDRESS :c/o Akin CPA Ltd.,
20/F.,
PHONE : 2541 4224
FAX :2541 4225
MANAGEMENT
Managing Director: Mr.
Prafulchandra Jagmohandas Vora
SUMMARY
Incorporated on : 12th
July, 2006.
Organization :
Private Limited Company.
Capital: Nominal : HK$1,000,000.00
Issued :
HK$1,000,000.00
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 Akin CPA Ltd., 20/F.,
Affiliated
Company:-
China Vishwa Trade Ltd.
Suite 2202, Jianhe Building, 31 Tian Shou Road, Tian He District, 510610
Guangzhou, Guangdong Province, China.
Tel: (86-20) 3838 3454, 3838
3694
Fax: (86-20) 3832 4941
E-mail: vishwatrade.hk@gmail.com]
BUSINESS REGISTRATION
NUMBER
36942361
COMPANY FILE NUMBER
1058556
MANAGEMENT
Managing Director: Mr.
Prafulchandra Jagmohandas Vora
CAPITAL
Nominal Share Capital: HK$1,000,000.00 (Divided into 1,000,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1,000,000.00
SHAREHOLDERS
(As per registry
dated 12-07-2010)
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Name |
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No.
of shares |
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Vishal Praful VORA |
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600,000 |
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Prafulchandra Jagmohandas VORA |
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200,000 |
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Swati Vishal VORA |
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200,000 |
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–––––––– |
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Total: |
1,000,000 ======= |
DIRECTORS
(As per registry dated
12-07-2010)
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Name (Nationality) |
Address |
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Prafulchandra Jagmohandas VORA |
5 Adarsh, 9/83 Nehru Road, Vile Parle (E), Mumbai 400057, India. |
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Swati Vishal VORA |
5 Adarsh, 9/83 Nehru Road, Vile Parle (E), Mumbai 400057, India. |
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Vishal Praful VORA |
5 Adarsh, 9/83 Nehru Road, Vile Parle (E), Mumbai 400057, India. |
SECRETARY
(As per registry
dated 12-07-2010)
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Name |
Address |
Co. No. |
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Akin Professionals Ltd. |
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan,
Hong Kong. |
1273165 |
HISTORY
The subject was incorporated on 12th July, 2006 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, Exporter and Wholesaler.
Lines :
Building materials, furniture, textiles, timber, luggage, bags, cases,
handbags, wallets, purses, etc.
Employees : Nil.
Commodities Imported : China,
other Asian countries, South America, etc.
Markets :
India, China, other Asian countries, etc.
Terms/Sales : L/C,
T/T, etc.
Terms/Buying : L/C,
etc.
FINANCIAL INFORMATION
Nominal Share Capital :
HK$1,000,000.00 (Divided into 1,000,000 shares of HK$1.00 each)
Issued Share Capital :
HK$1,000,000.00
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
Vishwa Trade Ltd. has issued 1 million ordinary shares of HK$1.00 each
of which 60% are owned by Mr. Vishal Praful Vora, 20% are owned by
Mr. Prafulchandra Jagmohandas Vora, and also 20% owned by Swati Vishal
Vora. Being Indian, all the Voras are
also directors of the subject and currently residing in India.
The subject does not have its own operating office. Its registered office is in an accountant
firm located at 20/F., Champion Building, 287-291 Des Voeux Road Central,
Sheung Wan, Hong Kong known as Akin CPA Ltd. which is handling its
correspondences and documents. The
associated company of Akin CPA Ltd. Akin Professionals Ltd. is the corporate
secretary of the subject. Your given
phone number 852-2541 4224 belongs to the accountant firm.
The subject has no employees in Hong Kong. Its affiliated company is in Guangzhou,
Guangdong Province, China known as China Vishwa Trade Ltd. [China Vishwa]. The subject is engaged in the same lines of
business as China Vishwa. Another firm
associated with China Vishwa is Vishwa Consulting Co. Ltd. [Vishwa
Consulting]. Vishwa Consulting and China
Vishwa are located at the same operating address in China.
China Vishwa is importing wood and timber from South America and selling
in China. It has set up its warehouse in
Yuzhu,
It is likely that China Vishwa deals with foreign parties under the name
of the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. China Vishwa 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 L/C basis.
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.45.57 |
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UK Pound |
1 |
Rs.72.50 |
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Euro |
1 |
Rs.62.46 |
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.