MIRA INFORM REPORT

 

 

Report Date :           

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

BLOSSOM  OVERSEAS  (HK)  LTD.

 

 

Registered Office :

c/o ATA Corporate Formation & Management Ltd., Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.07.2009

 

 

Com. Reg. No.:

50898611

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Mobile Phone and Accessory Trader

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Operating Office

 

 

Payment Behaviour :

----

 

 

Litigation :

----

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Hong Kong

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

BLOSSOM  OVERSEAS  (HK)  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

[Tel: 2783 7818;  Fax: 2783 7918]

 

 

BUSINESS REGISTRATION NUMBER

 

50898611

 

 

COMPANY FILE NUMBER

 

1353526

 

 

DATE OF INCORPORATION

 

16th July, 2009.

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

 

SHAREHOLDER

(As per registry dated 16-07-2010)

 

Name

 

No. of shares

Anish MEHTA

 

100

===

DIRECTOR    

(As per registry dated 16-07-2010)

 

Name

(Nationality)

 

Address

Anish MEHTA

B, 6/F., Building 5, Weipeng Garden, Zhenzhong Road, Futian District, Shenzhen, China.

 

 

SECRETARY

(As per registry dated 16-07-2010)

 

Name

Address

Co. No.

ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building,
208-212 Nathan Road, Kowloon, Hong Kong.

0768611

 

 

GENERAL

 

Blossom Overseas (HK) Ltd. was incorporated on 16th July, 2009 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 Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong known as ATA Corporate Formation & Management 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 100 ordinary shares of HK$1.00 each of which are wholly-owned by Mr. Anish Mehta who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  Currently, residing in Shenzhen Special Economic Zone, China, Mehta is also the only director of the subject.

The subject is a mobile phone and accessory trader.  It has registered with the Office of the Telecommunications Authority [OFTA], the Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee.  The subject bears the licence No. of RU00134281‑RU.

The subject exports mobile phones and accessories for mobile phone.  Products are chiefly sourced from China.  Prime markets are Asian countries, the Middle East, etc.

Currently, Mehta is doing business in China under the name of the subject.  However, 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 secured basis.

 

COURT CASES:            None per our.

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.