MIRA INFORM REPORT

 

 

Report Date :

12.11.2011

 

IDENTIFICATION DETAILS

 

Name :

V-STAR  INTERNATIONAL

 

 

Registered Office :

Flat C, 12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.02.2011

 

 

Com. Reg. No.:

53782566-000-02

 

 

Legal Form :

Sole Proprietorship

 

 

LINE OF BUSINESS :

IMPORTER AND EXPORTER OF ALL KINDS OF MOBILE PHONES AND ACCESSORIES, ETC.

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

New Business

 

 

Payment Behaviour :

--

 

 

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

 

V-STAR  INTERNATIONAL

 

Address:          

Flat C, 12/F., Dorfu Court,

5-6 Hau Fook Street,

Tsimshatsui, Kowloon,

Hong Kong.

 

(Your enquiry given as:

V STAR INTERNATIONAL of the same address.)

 

PHONE:            Not available

 

FAX:                 Not available

 

 

MANAGEMENT

 

Manager:  Mr. Theagarajan Vinod Kumar  (Mobile: 6991 1596)

 

 

SUMMARY

 

Establishment:                          20th February, 2011.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Telecommunication Product Trader.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Too early to comment.

ADDRESS

 

Registered Office:-

c/o KNG Consultants

Room 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong.

 

Head Office:-

Flat C, 12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

53782566-000-02

 

 

MANAGEMENT

 

Manager:  Mr. Theagarajan Vinod Kumar

 

 

SOLE PROPRIETOR

 

Name:  Mr. Theagarajan Vinod KUMAR

Residential Address:      No. 88 Canal Street, C.B. Road, Old Washermenpet, Chennai 600021, Tamil Nadu, India.

 

 

HISTORY

 

The subject was established on 20th February, 2011 as a sole proprietorship concern owned by Mr. Theagarajan Vinod Kumar under the Hong Kong Business Registration Regulations.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of mobile phones and accessories, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, Europe, etc.

 

Markets:                       Asian countries, Middle East, etc.

 

Terms/Sales:                  L/C, T/T, etc.

 

Terms/Buying:                L/C, pre-payment, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

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:     Too early to comment.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

V-Star International is a sole proprietorship set up and owned by Mr. Theagarajan Vinod Kumar who is an Indian.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject commenced business in February 2011.  Its registered office is in a consultant firm located at Room 605, 6/F., Stag Building, 148-150 Queen’s Road Central, Hong Kong known as KNG Consultants which is handling its correspondences and documents.  Its operating address is in a private building located at Flat C, 12/F., Dorfu Court, 5-6 Hau Fook Street, Tsimshatsui, Kowloon, Hong Kong.  This is supposed to be residence of Kumar when he is in Hong Kong.  The residential building is not trespassed by outsiders.  The subject has no employees in Hong Kong.

The subject’s telephone number and fax number have not registered with local telephone company nor listed on telephone directories.  However, Kumar can be reached at his mobile phone number 6991 1596.

The subject is trading in all kinds of mobile phones and accessories.  It is carrying GSM/PCS mobile phones and related accessories such as batteries, battery chargers, etc.  Most of the products are sourced from China, other Asian countries, Europe, 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 RU00144991-RU.

Its products are exported to India, other Asian countries, the Middle East, etc.  Business is still under development.  History in Hong Kong is just over eight months.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.28

UK Pound

1

Rs.80.08

Euro

1

Rs.68.44

 

 

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.