MIRA INFORM
REPORT
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Report Date : |
30.05.2011 |
IDENTIFICATION DETAILS
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Name : |
PORTSWEALTH
HOLDINGS LTD. |
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Registered Office : |
c/o Buttar.HK Ltd, Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
05.06.2007 |
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Com. Reg. No.: |
51910337 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of Mobile phones, accessories,
electronic organizers, 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
PORTSWEALTH HOLDINGS LTD.
Company ADDRESS
c/o Buttar.HK Ltd.
Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
E-MAIL: portswealth@gmail.com
MANAGEMENT
Managing Director: Mr. Sandeep Agrawal
SUMMARY
Incorporated on: 5th June, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$5,000.00
Business Category: Mobile Phone Trader.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Buttar.HK Ltd.
Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
51910337
COMPANY FILE NUMBER
1138351
MANAGEMENT
Managing Director: Mr. Sandeep Agrawal
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$5,000.00
SHAREHOLDER
(As per registry
dated 05-06-2010)
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Name |
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No. of shares |
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Sandeep AGRAWAL |
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5,000 ==== |
DIRECTOR
(As per registry
dated 13-09-2010)
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Name (Nationality) |
Address |
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Sandeep AGRAWAL |
2/75, Punjabi Bagh (West), New Delhi 110026, India. |
SECRETARY
(As per registry
dated 05-06-2010)
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Name |
Address |
Co.
No. |
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Buttar.HK Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong. |
0975326 |
HISTORY
The subject was incorporated on 5th June, 2007 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: Mobile phones, accessories, electronic organizers, etc.
Employees: Nil.
Commodities Imported: Europe, US, Asian countries, etc.
Markets: India, Middle East, etc.
Terms/Sales: L/C or as per contracted.
Terms/Buying: L/C, T/T, 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$5,000.00
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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Portswealth Holdings Ltd. is wholly-owned by Mr. Sandeep Agrawal who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently. Agrawal is also the only director of the subject. Currently, he is residing in New Delhi, India.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit P, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong known as Buttar.HK Ltd. which is handling its correspondences and documents. Buttar.HK Ltd. is also the corporate secretary of the subject.
The subject is a mobile phone trader. It has registered its trade mark “DAPS” with the Hong Kong SAR Government. The trade mark was registered on 13th August, 2010 and the expiry date is 8th April, 2020.
The subject also has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee.
The subject has claimed to be a mobile phone manufacturer in Hong Kong. All its products, have been sold to international customers, are in conformity with international standards.
The subject’s factory has been equipped with state-of-art equipment and production lines. Besides, its factory has had an R&D united attached. All its workers are skilled and professional. All its products bear the brand name “DAPS”.
It is likely that the subject’s factory 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 subject’s factory 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.
Bottom of Form
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.