MIRA INFORM REPORT
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Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
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Name : |
INFINITY TRADERS |
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Registered Office : |
Room 406, 4/F, Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui, Kowloon
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Country : |
Hong Kong |
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Date of Incorporation : |
13.10.2010 |
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Com. Reg. No.: |
53089920 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trading of loose diamond |
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 summary
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Subject's
Registered Name (in English ~
Chinese): |
Infinity
Traders |
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Business
Registration No. (BR No.): |
53089920 |
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Subject's
Business Name (in English ~ Chinese): |
N/A |
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Registered Address: |
Room 406, 4/F, Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui,
Kowloon, Hong Kong. |
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Operating/Business Address: |
Room 406, 4/F, Hankow Centre, 5-15 Hankow Road, Tsim Sha Tsui,
Kowloon, Hong Kong. |
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Telephone: |
23692879 |
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Fax: |
23111109 |
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Email: |
jeevan@glostar.com.hk |
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NACE - Code & Industry: |
51.18 - Agents specialising in the sale of particular products /
ranges of products |
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Certification: |
N/A |
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Business/Industry Trend: |
N/A |
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Public Filings Compliance: |
N/A |
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NACE - General name for economic activities in the European Union.
The NACE-Code system is based on the European standard for industry
classification and was introduced in 1970. In 1990 a revised version became
applicable. |
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Public Filings Compliance - looks into a number of compliance
requirements such as whether Subject is promptly filing its annual return
(e.g. within 42 days after the anniversary of the date of incorporation (for
private companies having a share capital); whether Subject's individual
director is reporting a residential address and/or whether Subject is
reporting its status under the Mortgage and Charges section for Total Amount
Outstanding.... etc. |
CORPORATE STRUCTURE
The following
statutory information is based on the examination of Subject's file at Business
Registration Office (BR), Inland Revenue Department, Hong Kong.
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Business
Registration No. (BR No.) |
53089920 |
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Business Status |
Sole Proprietorship |
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Date Commenced |
13 Oct 2010 |
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Active Status |
Live |
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Name Changed: |
N/A |
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Branches/Trading As |
N/A |
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Chief Executive |
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Details of Sole Proprietor / Partners as per B. R. copy obtained
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Name |
ID/BR No. |
Passport No. |
Issuing Country |
Capacity |
Address |
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MANDANI Kumar Shankan |
Z000998-A |
N/A |
N/A |
Sole Proprietor |
8/F, Ocean View Court, 37 Mody Road, Tsim Sha Tsui, Kowloon, Hong
Kong. |
HISTORY SUMMARY
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Change of Ownership & Capital/ Share Allotment/Other Changes |
No significant changes in business and ownership have been reported
since its inception. |
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Appointment and/or Resignation of Directors or Secretary |
N/A |
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Admission or Retirement of Sole Proprietor/Partner |
N/A |
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Parent |
N/A |
RELATED NEWS/FINDINGS
N/A |
MANAGEMENT BACKGROUND
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Profile/Responsibility and Business Capacity indicated are
based on -on-file, sources, and enquiries and investigations recently
conducted but do not necessarily represent the full or most updated records.
For example, the status indicated under Business Capacity is based on the
date shown (if available) as recorded, which might have been changed at the
time the report is compiled. |
FINANCIAL
Current Interviews & Investigations Interviewed Mr. MANDANI Kumar Shankan,
Chief Executive, confirmed part of the details within this report but declined
to disclose any financial information on the grounds of privacy. |
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Private companies in Hong Kong (include private limited, sole
proprietorship and partnership) are not required to file or disclose their
financial information for public inspection. |
GROUP PROFILE & FINANCIALS
N/A |
BANKING
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TRADE RECORD
N/A |
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TOTAL DEBT SCANNER (TDS) TDS reveals if
subject has been listed as debtor in our debt database in the past 5
years and that is subject to the "Code of Practice
on Consumer Credit Data" issued by Office of the Privacy
Commissioner for Personal Data, Hong Kong. Accounts are sometimes placed for
collection even though the existence or amount of the debt is disputed. It
should be noted that the collection record contained in the report might have
been paid, terminated, vacated, settled or released prior to the date of
report compiled. Search Result:
None found in
our database
None found in
our database
None found in
our database |
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PUBLIC FILINGS Mortgages and Charges (M&C) M&C records, if any, are extracted from the Companies Registry, Hong
Kong ("CRHK"). Details of "Creating Instrument" and
"Description of Property Mortgaged or Charged" are available
subject to the prevailing fees as per document charged by CRHK. Please
indicate/select "Full Mortgage/Charge" when ordering our services/reports
(e.g.: Total Limited Company Search or Total Company Credit Report). Request
for Full mortgage/Charge made 7 days after the report delivery will be
treated as a new order and is subject to our "Official Document
Retrieval (ODR)" service charge + related government fees. M&C brief
particulars may not be available from CRHK for mortgage/charge registered
before 28 Feb 2005.
Total Amount outstanding as of the date of this Return on all
mortgages and charges which are required to be registered with the Registrar
of Companies pursuant to sections 80 and 82 of the Companies Ordinance |
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TOTAL WRIT SCANNER (TWS) TWS reveals if subject has been listed as defendant, plaintiff, in liquidation
or bankruptcy within our court database in the past 7 years and
that is subject to the "Code of Practice on Consumer Credit
Data" issued by Office of the Privacy Commissioner for
Personal Data, Hong Kong. It should be noted that the court record contained
in a report might have been paid, terminated, vacated, settled or released
prior to the date of a report was compiled. Civil claims are filed as the
result of disputes of a commercial or other nature. The defendant is not
liable nor the plaintiff eligible to the claim until judgement is obtained
from the relevant court, which is not open for public inspection at
present.Only the latest 50 records will be shown when total records exceed
50. Search Result: Subject As Defendant None found in our database As Plaintiff None found in our database Comments
Related Members As Defendant None found in our database Comments
Related Companies As Defendant None found in our database Comments
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OPERATION & ACTIVITIES Business Lines
Product/Production
Supplies/Purchases
Markets
Brands
Premises and Staff
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TOTAL PROPERTY OWNERSHIP SEARCH (TPOS) TPOS reveals if
subject has been involved in property transaction record in our database
since 1996. TPOS does not represent the full record or
history of all transactions relating to the registered charges, mortgages or
ownerships. Some of the charges, mortgages or ownerships might have been
released and/or changed. There could be latest mortgages, charges, ownerships
or transactions not reflected. TPOS also checks on Subject's
shareholder, director, sole proprietor, partner (collectively listed
under "Related Members" in this section) and/or
related company while related records will be revealed when appropriate. Search Result:
No Trace
No Trace
No Trace
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RELATED COMPANIES Related
companies mean Parent Company, Subsidiary Company, Director's Other
Business/Capacity, etc. N/A |
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SUMMARY
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ECONOMIC AND TRADE
INFORMATION ON HONG KONG
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|
2008 |
2009 |
2010 |
Forecast/Latest |
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Population,
Mid-year (million) |
6.98 |
7.00 |
7.07 |
7.10a |
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Gross Domestic
Product (US$billion) |
215.0 |
208.0 |
223.6 |
240.3-242.6b |
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Real GDP Growth
(%) |
+2.3 |
-2.7 |
+7.0 |
+5-6b |
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GDP Per Capita
(US$) |
30,800 |
29,700 |
31,600 |
33,900-34,200b |
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Inflation (%
Change in Composite CPI) |
+4.3 |
+0.5 |
+2.4 |
+4.3c |
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Unemployment
Rate (%) |
3.6 |
5.4 |
4.4 |
3.5d |
a end-2010; b government
forecast for 2011; c January-May 2011; d March-May
2011
Merchandise Trade
Performance
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2009 |
2010 |
January-May 2011 |
|||
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US$billion |
Growth % |
US$billion |
Growth % |
US$billion |
Growth % |
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Total Exports |
316.5 |
-12.6 |
388.6 |
+22.8 |
169.8 |
+17.0 |
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Domestic Exports |
7.4 |
-36.4 |
8.9 |
+20.4 |
3.7 |
+9.0 |
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Re-exports |
309.1 |
-11.8 |
379.7 |
+22.8 |
166.0 |
+17.2 |
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Imports |
345.2 |
-11.0 |
431.4 |
+25.0 |
190.2 |
+15.8 |
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Total Trade |
661.7 |
-11.8 |
820.0 |
+23.9 |
359.9 |
+16.4 |
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Trade Balance |
-28.6 |
N/A |
-42.8 |
N/A |
-20.4 |
N/A |
Service Trade
Performance
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2009 |
2010 |
January-March 2011 |
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US$billion |
Growth % |
US$billion |
Growth % |
US$billion |
Growth % |
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Exports |
85.9 |
-6.8 |
106.0 |
+23.4 |
28.6 |
+16.9 |
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Imports |
43.7 |
-7.1 |
50.7 |
+16.0 |
13.0 |
+11.0 |
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Total Trade |
129.6 |
-6.9 |
156.7 |
+20.9 |
41.6 |
+15.0 |
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Trade Balance |
42.2 |
N/A |
55.3 |
N/A |
15.6 |
N/A |
Current Economic
Situation
· The world's freest economy
· The world's most services-oriented economy (services sectors accounting for more than 90% of GDP)
· The world's second highest per capita holding of foreign exchange reserves
· The world's tenth largest foreign exchange reserves holding
· The second largest source of foreign direct investment (FDI) in Asia
· The second largest recipient of FDI in Asia
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.70.84 |
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Euro |
1 |
Rs.62.96 |
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 |
---- |
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.