MIRA INFORM REPORT

 

 

Report Date :           

03.06.2011

 

IDENTIFICATION DETAILS

 

Name :

KERAM  INTERNATIONAL

 

 

Registered Office :

c/o Wa-Kei Warehouse Transportation Ltd., Warehouse B3, 31A Ma Liu Shui San Tsuen, Fanling, New Territories

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

06.07.2006

 

 

Com. Reg. No.:

36922470-000-07

 

 

Legal Form :

Sole Proprietorship.

 

 

Line of Business :

Importer and Exporter of all kinds of leather products, leather raw materials, etc.

 

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 :

Small Company 

 

 

Payment Behaviour :

Usually Correct

 

 

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

 

KERAM  INTERNATIONAL

 

 

Company ADDRESS

 

c/o Wa-Kei Warehouse Transportation Ltd.

Warehouse B3, 31A Ma Liu Shui San Tsuen, Fanling, New Territories, Hong Kong.

PHONE:            2142 6788

FAX:                 2142 6988

 

 

MANAGEMENT

 

Manager:  Mr. Rathinam Somasundaram Periyakaruppan

 

 

SUMMARY

 

Establishment:                          6th July, 2006.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Leather Product Trader.

 

Employees:                   Nil.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

c/o Wa-Kei Warehouse Transportation Ltd.

Warehouse B3, 31A Ma Liu Shui San Tsuen, Fanling, New Territories, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

36922470-000-07

 

 

MANAGEMENT

 

Manager:  Mr. Rathinam Somasundaram Periyakaruppan

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Rathinam Somasundaram PERIYAKARUPPAN

Residential Address:      No. H37, T.N.H.P. Nagar, Siplot Navlock, Walajaataluk, Vellore Dist. 632403, India.

 

 

HISTORY

 

The subject was established on 6th July, 2006 as a partnership concern jointly owned by Mr. Ravikumar Nandan and Mr. Rathinam Somasundaram Periyakaruppan under the Hong Kong Business Registration Regulations.  The subject became a sole proprietorship as Mr. Ravikumar Nandan retired on 28th January, 2008.

Initially the subject was located at Room 703, 7/F., Kin Sang Industrial Building, 147 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong, moved to the present address in January 2008.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                                  Importer and Exporter.

 

Lines:                                       All kinds of leather products, leather raw materials, etc.

 

Employees:                               Nil.

 

Commodities Imported:  India, etc.

 

Markets:                                   China, other Asian countries, etc.

 

Terms/Sales:                             L/C or as per contracted.

 

Terms/Buying:                           As per contracted.

 

 

FINANCIAL INFORMATION

 

Capital:                                     Not disclosed.

 

Profit or Loss:                            Keeping a balance account in Hong Kong.

 

Condition:                                  Business is not active in Hong Kong.

 

Facilities:                                  Making fairly active use of general banking facilities.

 

Payment:                                  Met trade commitments as required.

 

Commercial Morality:                 Satisfactory.

 

Banker:                                     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Standing:                                  Small.

 

GENERAL

 

Keram International is a sole proprietorship set up and owned by Mr. Rathinam Somasundaram Periyakaruppan who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.  He is also manager of the subject.

The subject does not have its own operating office.  Its registered office is in a Hong Kong-registered firm located at Warehouse B3, 31A Ma Liu Shui San Tsuen, Fanling, New Territories, Hong Kong known as Wa-Kei Warehouse Transportation Ltd. [Wa-Kei] which is handling its correspondences.

The subject has no employees in Hong Kong.

To our knowledge, the subject is a leather product and leather raw material trader.  Commodities are chiefly sourced from India.  Prime market is China.  It is likely Wa-Kei is responsible for the goods transportation.  Most of the subject’s customers are in Southern China.

It is likely that the subject has got an associated company in India also known as Keram International [India KI] which is also operated by Periyakaruppan.  It was reported that India KI was founded in 1987.

It is likely that India KI deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  India KI 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 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.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.73.46

Euro

1

Rs.64.58

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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