MIRA INFORM
REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
AAR
AAR TECHNOLOGIES LTD. |
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Registered Office : |
c/o Hong Kong United Accounting & Secretarial Ltd., Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.03.2011 |
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Com. Reg. No.: |
58051009 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
----- |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
AAR
AAR TECHNOLOGIES LTD.
company ADDRESS
Registered Office:-
c/o Hong Kong United Accounting & Secretarial Ltd.
Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.
BUSINESS REGISTRATION NUMBER
58051009
COMPANY FILE NUMBER
1570351
DATE OF INCORPORATION
8th March, 2011.
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 08-03-2011)
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Name |
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No. of shares |
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CHEN Lixiu |
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10,000 ===== |
DIRECTOR
(As per registry
dated 08-03-2011)
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Name (Nationality) |
Address |
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CHEN Lixiu |
No. 010, Chenyaziran Village, Guandong Village, Guantian Town, Ji’an County, Ji’an City, Jiangxi Province, China. |
SECRETARY
(As per registry
dated 08-03-2011)
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Name |
Address |
Co.
No. |
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Hong Kong United Accounting & Secretarial Ltd. |
Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong. |
0932922 |
GENERAL
Aar Aar Technologies Ltd. was incorporated on 8th March, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong known as Hong Kong United Accounting & Secretarial 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.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are wholly-owned by Ms. Chen Lixiu who is a China businesswoman. Being a China passport holder, Chen does not have the right to reside in Hong Kong permanently. She is also the only director of the subject. Currently, she is residing in Ji’an City, Jiangxi Province, China.
The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.
The director of the subject cannot be reached as she is in China.
It is likely that the subject has got an associated company in Ji’an City, Jiangxi Province, China which is also operated by Chen. However, details are unknown.
It is likely that the China firm deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. The China firm 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 just over three 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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.46 |
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UK Pound |
1 |
Rs.71.53 |
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Euro |
1 |
Rs.64.63 |
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.