MIRA INFORM REPORT

 

 

Report Date :           

02.11.2011

 

IDENTIFICATION DETAILS

 

Name :

GOLF  GROUP  LTD.

 

 

Registered Office :

c/o ATA Corporate Formation & Management Ltd., Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

27.02.2009

 

 

Com. Reg. No.:

50332138

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Timber, 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 :

Usually Correct 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

GOLF  GROUP  LTD.

 

 

Company ADDRESS

 

c/o ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

PHONE:            2783 7818

FAX:                 2783 7918

 

 

MANAGEMENT

 

Managing Director:  Mr. Mikhail Semchenko

 

 

SUMMARY

 

Incorporated on:             27th February, 2009.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$100.00

 

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 ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong.

 

Associated Company:-

Drewesina.ru

Promyshlennaya 11 / 2-584, 115516 Moscow, Russia.

[Tel/Fax: 7-495-223-70-69]

 

 

BUSINESS REGISTRATION NUMBER 

 

50332138

 

 

COMPANY FILE NUMBER

 

1310432

 

 

MANAGEMENt

 

Managing Director:  Mr. Mikhail Semchenko

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$100.00

 

 

SHAREHOLDER

(As per registry dated 27-02-2011)

 

Name

 

No. of shares

Mikhail SEMCHENKO

 

100

===

 

DIRECTOR

(As per registry dated 27-02-2011)

 

Name

(Nationality)

 

Address

Mikhail SEMCHENKO

17/2, Rokossovskogo Avenue, #148, Minsk, Belarus.

 

 

SECRETARY 

(As per registry dated 27-02-2011)

 

Name

Address

Co. No.

ATA Corporate Formation & Management Ltd.

Room 1001, 10/F., Fourseas Building,
208-212 Nathan Road, Kowloon, Hong Kong.

0768611

 

 

HISTORY

 

The subject was incorporated on 27th February, 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:                           Timber, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Russia, Eastern Europe, etc.

 

Markets:                       Japan, 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$100.00

 

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

 

Golf Group Ltd. is set up and wholly owned by Mr. Mikhail Semchenko who is a Republic of Belarus passport holder.  He is also the only director of the subject and currently residing in Belarus.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Room 1001, 10/F., Fourseas Building, 208-212 Nathan Road, Kowloon, Hong Kong known as ATA Corporate Formation & Management Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

To our knowledge, Semchenko is also the contact person of a firm known as Drewesina.ru which is in Moscow, Russia.  Drewesina.ru is a trading company trading in Siberian Larch Lumber.  Products are acquired chiefly from Siberia.  Prime markets are Japan and other Asian countries.

Drewesina.ru began operations in 2002 as the Russian subdivision of Maruhon Inc., a Japanese company specialized in high-end and interior wood products.  Since then, Drewesina.ru has been reorganized and now becomes an independent structure.  Currently it purchases wood and distributes it within Russia, Belarus and Kazakhstan through its network of dealers.

It is likely that Drewesina.ru deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Drewesina.ru 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 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.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.78

Euro

1

Rs.67.76

 

 

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.