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MIRA INFORM REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
JAI
MAA (HK) LTD. |
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Registered Office : |
c/o Inspire Overseas Impex, Unit 62A, 2/F., Mirador Mansion, 50 Nathan Road, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
07.12.2009 |
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Com. Reg. No.: |
51520772 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronic products, memory cards, USBs, disk, car MP3, bluetooth, mobile phones, 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 : |
Usually Correct |
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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 name
JAI MAA (HK)
LTD.
Company ADDRESS
c/o Inspire Overseas Impex
Unit 62A, 2/F., Mirador Mansion, 50 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2359 9006
FAX: 2359 9179
MANAGEMENT
Managing Director: Mr. Ankit Talwar
SUMMARY
Incorporated on: 7th December, 2009.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
COMPANY ADDRESS
Registered Head Office:-
c/o Inspire Overseas Impex
Unit 62A, 2/F., Mirador Mansion, 50 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
51520772
COMPANY FILE NUMBER
1399020
MANAGEMENT
Managing Director: Mr. Ankit Talwar
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
SHAREHOLDER
(As per registry dated 07-12-2010)
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Name |
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No. of shares |
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Ankit TALWAR |
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10,000 ===== |
DIRECTOR
(As per registry dated 07-12-2010)
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Name (Nationality) |
Address |
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Ankit TALWAR |
N-20, 1/F., Green Part Extn, New Delhi, India |
SECRETARY
(As per registry dated 07-12-2010)
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Name |
Address |
Co. No. |
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Akin Professionals Ltd. |
20/F., Champion
Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong |
1273165 |
HISTORY
The subject was incorporated on 7th December, 2009 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: Electronic products, memory cards, USBs, disk, car MP3, bluetooth, mobile phones, etc.
Employees: Nil.
Commodities Imported: Europe, US, other Asian countries, etc.
Markets: India, 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
Profit or Loss: Too early to offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000
ordinary shares of HK$1.00 each, Jai Maa (HK) Ltd. is wholly owned by Mr. Ankit
Talwar who is an Indian. He is an India
passport holder and does not have the right to reside in Hong Kong
permanently. Talwar is also the only
director of the subject and currently residing in New Delhi, India.
The subject does not have
its own operating office. Its registered
office is in a Hong Kong registered firm located at Unit 62A, 2/F., Mirador
Mansion, 50 Nathan Road, Tsimshatsui, Kowloon, Hong Kong known as Inspire
Overseas Impex [IOI] which is handling its correspondences and documents. IOI is operating a retailing shop in Hong
Kong also located at the above‑mentioned address. IOI is also owned by Indian.
The subject has no employees
in Hong Kong. The subject’s lines of
business are unknown since IOI declined to divulge any information about
it. The director of the subject cannot
be reached as he is in the Republic of Moldova.
It is likely that the
subject is engaged in the same lines of business as IOI, more or less.
IOI is trading in the
following commodities: electronic products, memory cards, USBs, flash disks,
car MP3, bluetooth, card readers, mobile phones, digital products, computer
accessories, etc.
It is likely the subject is
a business partner of IOI. IOI sources
its commodities from China and the other Asian countries.
The subject’s business is
still under development.
It is likely that the
subject has got an associated company in India also operated by Talwar.
It is likely that the India
firm deals with foreign parties under the name of the subject and let foreign
firms correspond with the subject’s registered address in Hong Kong. The India firm also exports commodities to
foreign markets under the name of the subject and its registered address in
Hong Kong.
It was reported that, the
India firm is also a diamond trader.
However, this line of business is unconfirmed.
The subject’s business in
Hong Kong is not very active. History in
Hong Kong is just over a year and five months.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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UK Pound |
1 |
Rs.74.31 |
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Euro |
1 |
Rs.64.40 |
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.