MIRA
INFORM REPORT
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Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
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Name : |
MAX IMPEX 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 : |
25.07.2011 |
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Com. Reg. No.: |
58770037 |
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Legal Form : |
Private Limited Company. |
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LINE OF BUSINESS : |
IMPORTER, EXPORTER AND WHOLESALER OF MOBILE PHONES, ETC. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Business |
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Payment Behaviour : |
-- |
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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) |
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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 and address
MAX IMPEX
LTD.
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. Ahamed
Jabir Dastageer Thaika Najeem
SUMMARY
Incorporated on: 25th
July, 2011.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too
early to comment.
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.
BUSINESS REGISTRATION NUMBER
58770037
COMPANY FILE NUMBER
1642002
MANAGEMENT
Managing Director: Mr. Ahamed
Jabir Dastageer Thaika Najeem
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
SHAREHOLDER
(As per registry dated 25-07-2011)
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Name |
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No. of shares |
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Ahamed Jabir Dastageer THAIKA NAJEEM |
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10,000 ===== |
DIRECTOR
(As per registry dated 25-07-2011)
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Name (Nationality) |
Address |
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Ahamed Jabir Dastageer THAIKA NAJEEM |
Door No. 49B, Mahodoom Street, Kayalpatnam, Tuticorin District,
Tamilnadu 628 204, India. |
SECRETARY
(As per registry dated 25-07-2011)
|
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 25th July, 2011 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: Mobile
phones, etc.
Employees: Nil.
Commodities Imported: China, Europe, other Asian countries, etc.
Markets: China,
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: 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, Max Impex Ltd. is wholly owned by Ahamed Jabir Dastageer Thaika
Najeem who is an Indian. He is an India
passport holder and does not have the right to reside in Hong Kong
permanently. He is also the only
director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial
service firm 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.
This firm is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
Thaika Najeem has got a representative in Hong Kong who can be reached
at the phone number 5165 1624. However,
the respondent declined to disclosed any information about the subject.
The subject is trading in all kinds of mobile phones and
accessories. It is carrying GSM/PCS
mobile phones and accessories such as “Motorola”, “Nokia”, “Sony
Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic”
/ “NEC”, etc.
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
RU00148266-RU.
The subject’s business is still under development.
It is likely that the subject has got an associated company in India
which is also operated by Thaika Najeem.
The India firm is also a mobile phone trader.
It is likely that the India firm 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
India firm also exports commodities to foreign markets under the name of the
subject and its registered address in Hong Kong.
The subject is just a one-man company.
Business is chiefly handled by Thaika Najeem himself. History in Hong Kong is just over three
months.
Since the subject does not have its own operating office and has no
employees in Hong Kong, consider it good for business engagements on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.28 |
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|
1 |
Rs.80.08 |
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Euro |
1 |
Rs.68.44 |
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.