MIRA INFORM REPORT

 

 

Report Date :           

24.05.2011

 

Note:

Concerning the given address “Room No 1605, 148 Electric Road, North Point, Hong Kong”, we have mentioned in the cover of our reported. This address is in a residential building is not the registered address of the captioned firm.

 

The Registered Address of the captioned firm is located at the address shown in our report: Room 1801-1803, 18/F., Midas Plaza, 1 Tai Yau Street, San Po Kong, Kowloon, Hong Kong

 

IDENTIFICATION DETAILS

 

Name :

ASIA  EXCEL  TRADING  LTD

 

 

Registered Office :

Room 1801-1803, 18/F., Midas Plaza, 1 Tai Yau Street, San Po Kong, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

03.01.2005

 

 

Com. Reg. No.:

35349695         

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Belts, Sunglasses, Fashion Accessories, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

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

 

company name

 

ASIA  EXCEL  TRADING  LTD.

 

 

Company ADDRESS

 

Room 1801-1803, 18/F., Midas Plaza, 1 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

PHONE:                        2107 4807

FAX:                 2508 0409

 

 

MANAGEMENT

 

Managing Director:  Mr. Dipendra Bharat Goenka

 

 

SUMMARY

 

Incorporated on:             3rd January, 2005.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   18.  (Including associate)

 

Main Dealing Banker:     Australia & New Zealand Banking Group Ltd., Hong Kong Branch.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Room 1801-1803, 18/F., Midas Plaza, 1 Tai Yau Street, San Po Kong, Kowloon, Hong Kong.

 

Associated Company:-

Global City Industrial Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

35349695

 

 

COMPANY FILE NUMBER

 

0943201

 

 

MANAGEMENT

 

Managing Director:         Mr. Dipendra Bharat Goenka

Contact Person:             Ms. Maggie Chan

 

 

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 03-01-2011)

 

Name

 

No. of shares

Dipendra Bharat GOENKA

 

9,999

Sincere Nominees Ltd., Hong Kong.

 

1

 

 

––––––

 

Total:

10,000

=====

DIRECTORS

(As per registry dated 03-01-2011)

 

Name

(Nationality)

 

Address

Dipendra Bharat GOENKA

43 Frederick Street, Balwyn, Victoria 3103, Australia.

 

Slicere Nominees Ltd.

13/F., Chun Wo Commercial Centre, 23-29 Wing Wo Street, Central, Hong Kong.

 

 

SECRETARY

(As per registry dated 03-01-2011)

 

Name

Address

Co. No.

Sincere Secretaries Ltd.

13/F., Chun Wo Commercial Centre,
23-29 Wing Wo Street, Central, Hong Kong.

0109535

 

 

HISTORY

 

The subject was incorporated on 3rd January, 2005 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, Exporter and Wholesaler.

 

Lines:                           Belts, Sunglasses, Fashion Accessories, etc.

 

Employees:                   18.  (Including associate)

 

Commodities Imported:   Europe, India, other Asian countries, etc.

 

Markets:                       Australia, etc.

 

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:                Making a small profit every year.

 

Condition:                      Keeping in a satisfactory manner.

 

Facilities:                      Making active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Australia & New Zealand Banking Group Ltd., Hong Kong Branch.

 

Standing:                      Normal.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Asia Excel Trading Ltd. is wholly owned by Mr. Dipendra Bharat Goenka who is an Australian.  He is an Australia passport holder and does not have the right to reside in Hong Kong permanently.  Goenka is also the only director of the subject.

The subject has got an associated company Global City Industrial Ltd. [Global City] located at its operating address.  This firm was incorporated on 19th September, 2003.  The subject and Global City are engaged in the same lines of business, more or less.

The subject is trading in the following commodities:-

·         Belts, wallets, other leather products

·         Fashion accessories

·         Sunglasses and related products

Most of the commodities are sourced from Europe, India, other Asian countries, etc.  Prime market is Australia.  Business is rather active.

It is likely that Goenka in Australia is operating another firm which is responsible for importing and wholesaling the subject’s commodities in Australia.

Currently, Goenka is residing in a rented apartment in Victoria of Australia.

The businesses of the subject and Global City are chiefly handled by Ms. Maggie Chan.

On the whole, since the history of the subject is over six years and four months, consider it good for normal business engagements.

 

COURT CASES:            None per our.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.28

UK Pound

1

Rs.73.30

Euro

1

Rs.63.61

 

 

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.