MIRA INFORM REPORT

 

 

 

Report Date :           

28.07.2011

 

IDENTIFICATION DETAILS

 

Name :

MIKACHI  EXPORTS  (HK)  LTD.

 

 

Registered Office :

c/o Buttar.HK Ltd., Unit M, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

04.03.2011

 

 

Com. Reg. No.:

58034556

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

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

 

 Bottom of Form

 

Company name

 

MIKACHI  EXPORTS  (HK)  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Buttar.HK Ltd.

Unit M, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.

[Tel: 2312 0148;  Fax: 2375 6513]

 

 

BUSINESS REGISTRATION NUMBER

 

58034556

 

 

COMPANY FILE NUMBER

 

1568704

 

 

DATE OF INCORPORATION

 

4th 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 04-03-2011)

 

Name

 

No. of shares

Atul Kumar KAPOOR

 

10,000

=====

DIRECTOR    

(As per registry dated 04-03-2011)

 

Name

(Nationality)

 

Address

Atul Kumar KAPOOR

House No. L-2/111, Mahavir Nagar Tilak, Nagar Outer Ring Road, New Delhi-110018, India.

 

 

SECRETARY 

(As per registry dated 04-03-2011)

 

Name

Address

Co. No.

Buttar HK Ltd

1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan Kowloon, Hong Kong.

0975326

 

 

GENERAL

 

Mikachi Exports (HK) Ltd. was incorporated on 4th 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 business centre located at Unit M, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling its correspondences and documents.  Buttar.HK Ltd. 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 of which are wholly-owned by Mr. Atul Kumar Kapoor.  Being the only director of the subject, Kapoor is an India passport holder and does not have the right to reside in Hong Kong permanently.  Currently, he is residing in New Delhi, India.

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 he is in India.

The subject may be a diamond trader.  Commodities are chiefly imported from India.  Prime markets are Hong Kong, Japan and other Asian countries.

It is likely that the subject has got an associated company in India which is operated by Kapoor in New Delhi, however, details are unknown.

The India firm is doing business with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.

The subject’s history in Hong Kong is just over four months.

Since the subject does not have its own operating office and has no employees in Hong Kong, history is short, consider it good for business engagements on fully secured terms.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.95

UK Pound

1

Rs.72.12

Euro

1

Rs.63.67

 

 

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.