MIRA INFORM
REPORT
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Report Date : |
09.11.2011 |
IDENTIFICATION DETAILS
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Name : |
MAXX
ACCESS LTD. |
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Registered Office : |
c/o Buttar.HK Ltd., Unit M, 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 : |
01.11.2005 |
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Com. Reg. No.: |
36212855 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Exporter of Building materials, furniture, general merchandises, 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 : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
MAXX ACCESS LTD.
Company ADDRESS
c/o Buttar.HK Ltd.
Unit M, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
MANAGEMENT
Managing Director: Mr. Ashok Kumar Kharey
SUMMARY
Incorporated on: 1st November, 2005.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Exporter.
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 M, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
Associated Company
in China:-
Foshan MAXX Access Ltd.
3, 2/F., De Yi Da Sha, 4 Jianshe Street, 528315 Lecong Town, Shunde District, Foshan City, Guangdong Province, China.
[Tel: 86-757-2890 9191, 2890 0602
Fax: 86-757-2890 0610
E-mail: maxxaccess@gmail.com ]
BUSINESS REGISTRATION NUMBER
36212855
COMPANY FILE NUMBER
1004690
MANAGEMENT
Managing Director: Mr. Ashok Kumar Kharey
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 01-11-2010)
|
Name |
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No. of shares |
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Ashok Kumar KHAREY |
|
10,000 ===== |
DIRECTORS
(As per registry
dated 01-11-2010)
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Name (Nationality) |
Address |
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Ashok Kumar KHAREY |
70-Surya Nagar, Karkhana, Secunderabad-500 009, (AP), India. |
|
Seema KHAREY |
70-Surya Nagar, Karkhana, Secunderabad-500 009, (AP), India. |
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Chetan KHAREY |
70-Surya Nagar, Karkhana, Secunderabad-500 009, (AP), India. |
SECRETARY
(As per registry
dated 01-11-2010)
|
Name |
Address |
Co.
No. |
|
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 1st November, 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 Exporter.
Lines: Building materials, furniture, general merchandises, etc.
Employees: Nil.
Commodities Imported: China.
Markets: India, other Asian countries, Europe, North America, 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$10,000.00
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
MAXX Access Ltd. is wholly-owned by Ashok Kumar Kharey who is an Indian. He is an India passport holder and does not have the right to reside in Hong Kong permanently.
The subject does not have its own operating office. Its registered office is in a business centre located at Unit M, 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 has no employees in Hong Kong.
To our knowledge, the subject has had a main associated company in Foshan City, Guangdong Province, China known as Foshan MAXX Access Ltd. [Foshan MAXX]. Foshan MAXX is also operated by Ashok Kumar Kharey.
Foshan MAXX provides advisory, sourcing and procurement services in hospitality products from China and export those products to worldwide countries. Foshan MAXX also provides a full spectrum of products sourced directly from various factories in China. These products cover the wide range of hospitality construction and building materials, furniture, furnishing, operating supplies and various kinds of equipment. There are about five employees in Foshan MAXX
It is likely that Foshan MAXX 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 China firm 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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.48.38 |
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UK Pound |
1 |
Rs.79.20 |
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Euro |
1 |
Rs.67.84 |
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.