MIRA INFORM REPORT

 

 

Report Date :

05.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MARC  GROUP  PRIVATE  LTD.

 

 

Registered Office :

Room 531, 5/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

11.06.2009

 

 

Com. Reg. No.:

50776205

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer, Exporter and Wholesaler of Electronic products, other light industrial products, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

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 30, 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 and address

 

MARC  GROUP  PRIVATE  LTD.

 

 

ADDRESS:       Room 531, 5/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

PHONE:            Not available

 

FAX:                 Not available

 

 

MANAGEMENT

 

Managing Director:  Mr. Deepak Challu

 

 

SUMMARY

 

Incorporated on:             11th June, 2009.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$10,000.00

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   4.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Registered Head Office:-

Room 531, 5/F., Metro Centre II, 21 Lam Hing Street, Kowloon Bay, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

50776205

 

 

COMPANY FILE NUMBER 

 

1344658

 

 

MANAGEMENT

 

Managing Director:  Mr. Deepak Challu

 

 

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 11-06-2011)

 

Name

 

No. of shares

Deepak CHALLU

 

5,000

Anne CHALLU

 

5,000

 

 

––––––

 

Total:

10,000

=====

 

 

DIRECTORS

(As per registry dated 11-06-2011)

 

Name

(Nationality)

 

Address

Deepak CHALLU

Unit A, 7/F., Block 5, Phase 1, Laguna City, Kowloon, Hong Kong.

 

Anne CHALLU

Unit A, 7/F., Block 5, Phase 1, Laguna City, Kowloon, Hong Kong.

 

 

SECRETARY 

 

Anne CHALLU  (As per registry dated 11-06-2011)

 

 

HISTORY

 

The subject was incorporated on 11th June, 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, other light industrial products, etc.

 

Employees:                   4.

 

Commodities Imported:   India, other Asian countries, etc.

 

Markets:                       China, 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:                Made a small loss in 2010.

 

Condition:                      Business is under development.

 

Facilities:                      Trying to make use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Fairly satisfactory.

 

Banker:                         The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Standing:                       Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Marc Group Private Ltd. is equally owned by Mr. Deepak Challu and Ms. Anne Challu.  They are also directors of the subject.  Being Hong Kong ID holders, they have got the right to reside in Hong Kong permanently.

Deepak Challu and Anne Challu is a couple.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.

The subject’s lines of business are unknown since the subject declined to divulge any information about its business.

From indirect sources, the subject is trading in electronic products, other light industrial products, etc.  However, these two lines of business are unconfirmed.  It is also a commission agent.  Business is still under development.  It made a small loss in 2010.

The subject has had business ties with a number of firms in India.  Business is chiefly handled by the Challus.

As the history of the subject is just over two years and four months in Hong Kong, on the whole, consider it good for normal business engagement on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.65

Euro

1

Rs.67.79

 

 

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.