MIRA INFORM REPORT
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Report Date : |
21.11.2011 |
IDENTIFICATION DETAILS
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Name : |
MICROCHEM
SPECIALITIES TRADE LTD. |
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Registered Office : |
c/o Universal Link Corporate Secretary Ltd., Flat A, 14/F., Unionway Commercial Centre, 283 Queen’s Road Central |
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Country : |
Hong Kong |
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Date of Incorporation : |
15.04.2011 |
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Com. Reg. No.: |
58234403 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Pharmaceuticals, organic chemicals and derivatives, dyestuffs, pigments, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Business |
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Payment
Behaviour : |
Unknown |
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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 30th, 2011
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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
MICROCHEM SPECIALITIES
TRADE LTD.
Company ADDRESS
c/o Universal Link Corporate Secretary Ltd.
Flat A, 14/F., Unionway Commercial Centre, 283 Queen’s Road Central, Hong Kong.
PHONE: 3106 2622
FAX: 3106 2629
E-MAIL: info@unilink8.com
MANAGEMENT
Managing Director: Mr. Vishal Ramesh Saheta
SUMMARY
Incorporated on: 15th April, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$100.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Universal Link Corporate Secretary Ltd.
Flat A, 14/F., Unionway Commercial Centre, 283 Queen’s Road Central, Hong Kong.
Headquarters:-
Kunshan Microchem Specialties Co. Ltd.
Room 1419-1420, Modern Plaza, 18 Weiye Road, Kunshan, Jiangsu Province, China.
[ Tel: (86-512) 8616 7005, 8616 7006
Fax: (86-512) 8616 7008
E-mail: info@micro-chem.cn]
Associated
Companies:-
G.C Int’l
Head Office
Kilfire Premises Co-Operative Society, Unit No. 4, G/F., C-17 Dalia Industrial Area, Off Link Road, Andheri (W), Mumbai-400053, India.
[Tel: 0091-22-2673 6487, 4085 0400; Fax: 0091-22-2673 6486]
China Office
Room 1509, Baihua Plaza, 33 Zumiao Road, Foshan, Guangdong Province, China.
[Tel: 86-757-8320 1955; Fax: 86-757-8320 1965]
Microchem Specialities Corpn Ltd., Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
58234403
COMPANY FILE NUMBER
1588652
MANAGEMENt
Managing Director: Mr. Vishal Ramesh Saheta
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDER
(As per registry
dated 15-04-2011)
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Name |
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No. of shares |
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Vishal Ramesh SAHETA |
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100 === |
DIRECTOR
(As per registry
dated 15-04-2011)
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Name (Nationality) |
Address |
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Vishal Ramesh SAHETA |
Room 1509, Baihua Plaza, 33 Zumiao Road, Foshan, Guangdong, China. |
SECRETARY
(As per registry dated
15-04-2011)
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Name |
Address |
Co.
No. |
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Universal Link Corporate Secretary Ltd. |
Flat A, 14/F., Unionway Commercial Centre, 283 Queen’s Road, Central, Hong Kong. |
1124701 |
HISTORY
The subject was incorporated on 15th April, 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: Pharmaceuticals, organic chemicals and derivatives, dyestuffs, pigments, etc.
Employees: Nil.
Commodities Imported: China, India, Europe, etc.
Markets: China, India, other Asian countries, etc.
Terms/Sales: L/C or as per contracted.
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$100.00
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 on time.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 100 ordinary share of HK$1.00, Microchem Specialities Trade Ltd. is wholly owned by Mr. Vishal Ramesh Saheta who is an India passport holder. Saheta is also the only director of the subject and currently residing in Foshan City, Guangdong Province, China.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Flat A, 14/F., Unionway Commercial Centre, 283 Queen’s Road Central, Hong Kong known as Universal Link Corporate Secretary Ltd. [Universal Link] which is handling its correspondences and documents. Universal Link is also the corporate secretary of the subject. The subject has no employees in Hong Kong.
To our knowledge, the subject is an associated company of G.C Int’l which is an India-based firm. G.C Int’l has set up a branch office in Foshan, Guangdong Province, China. Your given phone number 86-757-8320 1955 and fax number 86-757-8320 1965 belong to the Foshan Office of G.C Int’l.
Headquartered in India, G.C Int’l is a global company trading in more than 1,200 chemicals and a wide range of aromatic and perfumery compounds and solvents, pharmaceutical and agro intermediates. G.C Int’l is one of the largest indenters in India and a reliable supplier for chemical raw materials, specialty chemicals, basic and advance intermediates to the chemical and pharmaceutical industry.
Today, China is one of the biggest suppliers of chemical raw materials and intermediates to the global market; hence G.C Int’l established its own office in the Foshan, Guangdong in 2001.
G.C Int’l ships more than 75 containers of chemicals every month from different parts of the world to India. The China Office is responsible for sourcing series of chemical compounds and molecules in the field of chemistry from basic chemicals and intermediates related to gas, paints, aromatic, food additives to various advanced intermediates for pharmaceutical and agro industries.
G.C Int’l has close co-operation with a number of trading companies, research institutes and fine chemical manufacturing plants in China as well as India. G.C Int’l also has had its trading company since the last 40 years, handling fine chemicals and food additives with their own warehousing facilities on the outskirts of Mumbai.
The subject’s headquarters is in Kunshan known as Kunshan Microchem Specialties Co. Ltd. [Kunshan Microchem]. Kunshan Microchem has got the ISO 9001:2000 certification. The subject’s main markets are India, South America and South Asian countries.
The subject is carrying agrochemicals, pharmaceuticals, specialty and health products, intermediates, etc. In China, the subject has developed business ties with a number of chemical companies. The business of Kunshan Microchem is rather active. However, the subject’s business in Hong Kong is not very active.
The subject has had an associated company in Hong Kong known as Microchem Specialities Corpn Ltd. The registered address of this firm is also located at the operating address of the secretarial firm Universal Link.
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.51.35 |
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UK Pound |
1 |
Rs.80.97 |
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Euro |
1 |
Rs.68.26 |
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.