MIRA INFORM
REPORT
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Report Date : |
06.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SHYE
INTERNATIONAL LTD. |
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Registered Office : |
c/o C. K. Liu & Co., CPA, 13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central |
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Country : |
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Date of Incorporation : |
07.08.1998 |
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Com. Reg. No.: |
32171738 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Ceramic tiles, sanitary ware, 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 : |
Moderate |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 NAME
SHYE INTERNATIONAL LTD.
ADDRESS
c/o C. K. Liu & Co., CPA
13/F., Wah Kit Commercial
Centre,
PHONE: 2543 3505
FAX: 2815 2074
E-MAIL: evelynshye@netvigator.com
MANAGEMENT
Managing Director: Mr. Surendra Kishinchand Wadhwani
SUMMARY
Incorporated on: 7th August, 1998.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer and Exporter.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp.
Ltd.,
Banking Relation: Satisfactory.
ADDRESS
Registered Office:-
c/o C. K. Liu & Co., CPA
13/F., Wah Kit Commercial
Centre,
Operating Office:-
Flat E, 9/F.,
Main Office in
Room F-4, 10/F., Everbright Building, 689 Tianhe Bei Road, Tianhe
District, Guangzhou, Guangdong Province, China.
[ Tel: 86-20-3873 1045~47
Fax: 86-20-3873 1042
E-mail: shye@vip.163.com
shyeint@gmail.com]
Affiliated Companies:-
Shye International,
[Owned by Surendra Kishinchand Wadhwani]
Shye Unity Impex Private Ltd.
Lakshwadeep, G/F., 5th
[ Tel: 91-22-2620 1931~35
Fax: 91-22-2620 1936
E-mail: shyeunity@gmail.com]
BUSINESS REGISTRATION NUMBER
32171738
COMPANY FILE NUMBER
0651812
MANAGEMENT
Managing Director: Mr. Surendra Kishinchand Wadhwani
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 07-08-2010)
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Name |
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No. of shares |
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Poonam DHILLON |
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1 |
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Shaista Surendra WADHWANI |
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9,998 |
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Surendra Kishinchand WADHWANI |
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1 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTORS
(As per registry dated 07-08-2010)
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Name (Nationality) |
Address |
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Surendra Kishinchand WADHWANI |
Flat E, 9/F., |
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Shaista Surendra WADHWANI |
Room 101, 1/F., Mamta
Apartments, |
SECRETARY
(As per registry dated 07-08-2010)
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Name |
Address |
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Lodestar Secretaries Ltd. |
13/F., Wah Kit Commercial Centre, |
0113023 |
HISTORY
The subject was incorporated on 7th August, 1998 as a private limited liability company under the Hong Kong Companies Ordinance.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer and Exporter.
Lines: Ceramic tiles, sanitary ware, etc.
Employees: Nil.
Commodities Imported: Europe,
Markets:
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, D/P, 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
Profit or Loss: Keeping
a balance account in
Condition: Business
is not very active in
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments on time.
Commercial Morality: Satisfactory
Banker: The
Hongkong & Shanghai Banking Corp. Ltd.,
Standing: Small.
GENERAL
Having
issued 10,000 ordinary shares of HK$1.00 each, Shye International Ltd. is
chiefly owned by Mr. Shaista Surendra Wadhwani who is an Indian. He is a Hong Kong ID Card holder and has got
the right to reside in
The subject does not have its own operating office. Its registered office is in an accountant firm located at 13/F., Wah Kit Commercial Centre, 302 Des Voeux Road Central, Hong Kong known as C. K. Liu & Co., CPA which is handling its correspondences and documents.
The
subject has no employees in
The subject’s operating office is located at Flat E, 9/F., Harilela Mansion, 81 Nathan Road, Tsimshatsui, Kowloon, Hong Kong where is the residential address of Surendra Kishinchand Wadhwani.
To
our knowledge, the subject has been trading in watches for about 10 years and
is also trading in about 13,000 consumer items exporting to 99 countries. The subject ships 635 x 40’ containers of
consumer products every week from Hong Kong and
Currently,
the subject is exporting vitrified and ceramic tiles, sanitary ware, consumer electronics,
leather products, toiletries, personal care products, and various construction
materials regularly from
The subject is one of the leading buying agents for the American and European market. It supplies retailers and department stores with all kinds of commodities as they required.
The
subject has set up its distribution/retail networks all over
The
subject has got an affiliated company Shye Unity Impex Pvt. Ltd. which is a
company incorporated in
The
subject has got its affiliated factories in
The
subject’s business is chiefly handled by Surendra Kishinchand Wadhwani himself
who is residing in
The
subject’s business in
Since
the subject does not have its own operating office and has no employees in
REMARKS:
Court case of affiliate:-
|
Date |
Plaintiff |
Defendant |
Cause |
Amount |
|
Jan. 1993 |
UCO Bank |
Shye International [Owned by Surendra Kishinchand Wadhwani] |
Amount due |
HK$1,641,763 |
|
Oct. 1999 |
Rise Champion Holdings Ltd. |
Shye International [Owned by Surendra Kishinchand Wadhwani] |
Amount due |
HK$124,675 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.73.58 |
|
Euro |
1 |
Rs.66.23 |
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 |
|
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 |
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.