MIRA
INFORM REPORT
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Report Date : |
13.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ROYAL FORTUNE INTERNATIONAL TRADING
LTD. |
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Registered Office : |
Flat C, 9/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
2.11.2009 |
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Com. Reg. No.: |
51691357 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of diamonds and
jewellery products, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small 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
|
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 |
Name and address
ROYAL FORTUNE
INTERNATIONAL TRADING LTD.
Address: Flat C, 9/F.,
Star Mansion,
3-5 Minden
Row,
Tsimshatsui,
Kowloon,
Hong Kong.
(Your address given as:
Chun Wah Comm, Unit A-30 Minden Avenue, Kowloon)
PHONE: Not available
FAX: Not available
MANAGEMENT
Managing Director: Abhishekkumar
Hemraj Mehta
SUMMARY
Incorporated on: 2nd
November, 2009.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Diamond Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
Flat C, 9/F., Star Mansion, 3-5 Minden Row, Tsimshatsui, Kowloon, Hong
Kong.
Associated Companies:- (Same
address)
Badami International (HK) Ltd., Hong Kong.
Getwell (HK) Ltd., Hong Kong.
BUSINESS REGISTRATION NUMBER
51691357
COMPANY FILE NUMBER
1386618
MANAGEMENT
Managing Director: Abhishekkumar
Hemraj Mehta
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
SHAREHOLDERS
(As per registry dated 15-01-2010)
|
Name |
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No. of shares |
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Company Kit Secretarial Services Ltd., Hong Kong. |
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1 |
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Abhishekkumar Hemraj MEHTA |
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9,999 |
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|
–––––– |
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Total: |
10,000 ===== |
DIRECTOR
(As per registry dated 15-01-2010)
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Name (Nationality) |
Address |
|
Abhishekkumar Hemraj MEHTA |
13-A, Shantinath Society B-K-Road, Mehsana, Gujarat 384002, India. |
SECRETARY
(As per registry dated 15-01-2010)
|
Name |
Address |
Co. No. |
|
Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
975326 |
HISTORY
The subject was incorporated on 2nd November, 2009 as a private limited
liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at 6/F., Shun On Commercial Building,
112-114 Des Voeux Road Central, Hong Kong where is the operating office of
Company Kit Registration Ltd. which is a commercial service provider. Moved to the present address with effect from
26th January, 2010.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of diamonds
and jewellery products, etc.
Employees: Nil.
Commodities Imported: India, other Asian countries, etc.
Markets: Hong Kong, other Asian countries,
etc.
Terms/Sales:
L/C, T/T, etc.
Terms/Buying: L/C,
T/T, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$10,000.00
Alternation of Capital:-
|
02-11-2009 |
paid up |
HK$ 1.00 |
|
15-01-2010 |
paid up |
HK$ 9,999.00 |
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|
|
––––––––––––– |
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Total: |
paid up |
HK$ 10,000.00 ============ |
Profit or Loss: Kept a balance
account in 2010.
Condition: Business is under development.
Facilities: Making fairly active use of general
banking facilities.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Royal Fortune
International Trading Ltd. is wholly-owned by Abhishekkumar Hemraj Mehta who is
an Indian. He is an India passport
holder and does not have the right to reside in Hong Kong permanently.
The subject’s registered address is located at Flat C, 9/F., Star
Mansion, 3‑5 Minden Row, Tsimshatsui, Kowloon, Hong Kong. This office is not in a commercial building
but a residential building. It is likely
that Mehta is residing in this address when he is in Hong Kong.
The subject’s telephone number and fax number have not registered with
local telephone company nor listed on telephone directories.
Incorporated in November 2009, the subject is a diamond importer,
exporter and wholesaler. It is trading
in single-cut diamond, fullcut loose diamond, carat size diamonds, etc. Most of the commodities are imported from
Gujarat, India. Prime markets are Hong
Kong, Japan and the other Asian countries.
Business has been improving.
Business handled by Mehta himself, the subject is a one-man company.
The subject has had two associated companies located at its registered
address, namely, Getwell (HK) Ltd. and Badami International (HK) Ltd., both are
Hong Kong registered firms and operated by Mehta. Both firms are also diamond traders. Badami International (HK) Ltd. was
incorporated on 22nd January,2010.
The history of the subject in Hong Kong is just over a year and seven
months.
Since the registered office of the subject is in a residential building,
on the whole, consider it good for normal business engagements on L/C basis for
the time being.
COURT CASES: None
per our.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.72 |
|
|
1 |
Rs.72.93 |
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Euro |
1 |
Rs.64.72 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
|
<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.