MIRA INFORM
REPORT
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Report Date : |
29.07.2011 |
IDENTIFICATION DETAILS
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Name : |
FORD ASIA INTERNATIONAL LIMITED |
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Registered Office : |
Room 820, 8/F, Star House, 3 Salisbury Road, Tsim Sha Tsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
23.12.2009 |
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Com. Reg. No.: |
1404537 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of various kinds of products from diamonds to steel to garments |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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
OVERVIEW
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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. |
ALL FIGURES QUOTED IN LOCAL CURRENCY UNLESS
OTHERWISE STATED
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CORPORATE STRUCTURE
The following statutory information
is based on the examination of Subject's file at the Companies' Registry
(CR), Hong Kong. (For Public Limited Company - Listed, only Substantial Shareholders ("SS") are listed, as based on the latest available annual or interim reports. It is noted that some of the shares held (including long, short and other positions) might have been duplicated due to capacities of "Beneficial owner", "Interest of controlled corporation", "Interest of spouse", "Family interest", etc., which mean the total number of shares held by SS may exceed the authorized and/or issued shares. Duplicate holding (if any) will be elaborated under the "Notes to Substantial Shareholders" on the Structure Remark section.)
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HISTORY SUMMARY
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Change of Ownership &
Capital/ Share Allotment/Other Changes |
No
significant changes in business 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
N/A |
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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. JAIN Rahul, Genenral Manager, confirmed part of the details within this
report but declined to disclose any financial information on the grounds of
company policy. |
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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
A trade survey currently
conducted reveals the following:
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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 |
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 |
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. TPOSalso
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.
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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
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The
world's most services-oriented economy (services sectors accounting for more
than 90% of GDP)
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The
world's second highest per capita holding of foreign exchange reserves
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The
world's tenth largest foreign exchange reserves holding
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The
second largest source of foreign direct investment (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.44.13 |
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UK Pound |
1 |
Rs.72.05 |
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Euro |
1 |
Rs.63.33 |
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.