MIRA INFORM REPORT
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Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FUTURE
MASTER LTD. |
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Registered Office : |
Room 514, 5/F., Heng Ngai Jewelry Centre, 4 Hok Yuen Street East, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
18.07.2011 |
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Com. Reg. No.: |
58698576 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and
Wholesaler of all kinds of mobile phones, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New company |
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Payment
Behaviour : |
Unknown |
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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) |
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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
FUTURE MASTER LTD.
Company ADDRESS
Room 514, 5/F., Heng Ngai Jewelry Centre, 4 Hok Yuen Street East, Kowloon, Hong Kong.
PHONE: 2334 8068
E-MAIL: fmasterltd@biznetvigator.com
MANAGEMENT
Managing Director: Mr. Jatinder Singh Sekhon
SUMMARY
Incorporated on: 18th July, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: 3.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Company ADDRESS
Registered Head
Office:-
Room 514, 5/F., Heng Ngai Jewelry Centre, 4 Hok Yuen Street East,
Kowloon, Hong Kong.
Associated Companies:-
· World Mobile (HK) Ltd., Hong Kong.
· World Mobile Co., Hong Kong.
· World Mobile UK Ltd., UK.
BUSINESS REGISTRATION NUMBER
58698576
COMPANY FILE NUMBEr
1634855
MANAGEMENT
Managing Director: Mr. Jatinder Singh Sekhon
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 24-08-2011)
|
Name |
|
No.
of shares |
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GNL11
Ltd., Hong Kong. |
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1 |
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Jatinder Singh SEKHON |
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9,999 |
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|
|
–––––– |
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Total: |
10,000 ===== |
DIRECTOR
(As per registry
dated 24-08-2011)
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Name (Nationality) |
Address |
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Jatinder Singh
SEKHON |
Flat D, 47/F., Tower 6, Island Resort, 28
Siu Sai Wan Road, Chai Wai, Hong Kong. |
SECRETARY
(As per registry
dated 24-08-2011)
|
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 18th July, 2011 as a private limited liability
company under the Hong Kong Companies Ordinance.
Initially
the subject was located at Room 1001-1004A, 10/F., Champion Building, 287-291
Des Voeux Road Central, Hong Kong, moved to the present address with effect
from 24th August, 2011.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: All kinds of mobile phones, etc.
Employees: 3.
Commodities Imported: Europe, USA, other Asian countries, etc.
Markets: India, other Asian countries, Middle East, 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: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having
issued 10,000 ordinary shares of HK$1.00 each, Future Master Ltd. is wholly
owned by Mr. Jatinder Singh Sekhon who is an Indian. He is a Hong Kong ID Card holder and has
got the right to reside in Hong Kong permanently. He is also the only director of the subject.
The
subject is predominantly trading in mobile phones and accessories. It is carrying GSM/PCS mobile phones and
accessories. The subject deals in
virtually all brands of mobile phones and accessories (RS-MMC, MMC, SD, and DV
RS-MMC). Presently, the subject is
purchasing mobile phones from China manufacturers or suppliers in considerable
large quantities.
The
subject 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 bears the licence No. of RU00148610-RU.
In
Hong Kong, the subject has had an associated company known as World Mobile (HK)
Ltd. Having issued one million ordinary
shares of HK$1.00 each, World Mobile (HK) Ltd. is jointly owned by Mr. Surinder
Khanna, holding 75% interests; and Jatinder Singh Sekhon, holding 25%. Incorporated on 12th September, 2005, World
Mobile (HK) Ltd.’s main trading activities are based in the Asia Pacific, the
Middle East and the European Union. It
has had offices in India and the United Kingdom. World Mobile (HK) Ltd. is located at a
different address.
The
history of the subject in Hong Kong is just over three months.
On
the whole, since the history of the subject is short in Hong Kong, consider it
good for normal business engagements on secured basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
|
UK Pound |
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.45 |
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 |
---- |
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.