MIRA
INFORM REPORT
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Report Date : |
23.11.2011 |
IDENTIFICATION DETAILS
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Name : |
UNIQUE TALENT LTD. |
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Registered Office : |
C/o Happy Consultants Ltd. Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
14.11.2006 |
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Com. Reg. No.: |
37646687 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer and Exporter of all kinds of garments, fashions, textile products, 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 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
UNIQUE TALENT
LTD.
ADDRESS:
C/o Happy Consultants Ltd.
Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong.
PHONE: 2156 8086
FAX: 2156 2086
MANAGEMENT
Managing Director: Mr. Manish
Khanna
SUMMARY
Incorporated on: 14th
November, 2006.
Organization: Private
Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Fashion Trader.
Employees:
Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
ADDRESS
Registered Head Office:-
c/o Happy Consultants Ltd.
Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai,
Hong Kong.
Associated Company:-
Group Indigo, France.
BUSINESS REGISTRATION NUMBER
37646687
COMPANY FILE NUMBER
1087510
MANAGEMENT
Managing Director: Mr. Manish
Khanna
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDER
(As per registry dated 14-11-2010)
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Name |
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No. of share |
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Ashim KHANNA |
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1 = |
DIRECTOR
(As per registry dated 14-11-2010)
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Name (Nationality) |
Address |
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Manish KHANNA |
C-8/8743, Vasant Kunj, New Delhi-110070, India. |
SECRETARY
(As per registry dated 14-11-2010)
|
Name |
Address |
Co. No. |
|
Happy Consultants Ltd. |
Unit B, 9/F., Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong. |
1101325 |
HISTORY
The subject was incorporated on 14th November, 2006 as a private limited
liability company under the Hong Kong Companies Ordinance.
The subject’s registered address was formerly located at Room 9 &
11, 22/F., Wayson Commercial Building, 28 Connaught Road West, Sheung Wan, Hong
Kong where was the operating address of an account firm B. Ho & Co. CPA,
moved to the present address in March 2009.
Apart from these, neither material change nor amendment has been ever
traced and noted.
OPERATIONS
Activities: Importer
and Exporter.
Lines: All
kinds of garments, fashions, textile products, etc.
Employees: Nil.
Commodities Imported: China, India, other Asian countries, etc.
Markets: France,
other European countries, US, etc.
Terms/Sales:
L/C or as per
contracted.
Terms/Buying: As
per contracted.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of
HK$1.00 each)
Issued Share Capital: HK$1.00
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 contracted.
Commercial Morality: Satisfactory.
Banker:
The Hongkong
& Shanghai Banking Corp. Ltd., Hong Kong.
Standing:
Small.
GENERAL
Unique Talent Ltd. has issued just 1 ordinary share of HK$1.00 which is owned
by Mr. Ashim Khanna who is an Indian.
The director Mr. Manish Khanna is an India passport holder who is
residing in New Delhi, India. The two
Khannas belong to the same family.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at Unit B, 9/F., Jonsim Place, 228 Queen’s Road East,
Wanchai, Hong Kong known as Happy Consultants Ltd. which is handling its
correspondences and documents. Happy
Consultants Ltd. is also the corporate secretary of the subject. This firm is an affiliate of an accountant
firm B. Ho & Co. CPA also located at the above-mentioned address. The subject has no employees in Hong Kong.
To our knowledge, the subject is an associate of Group Indigo which is a
France-based firm.
Group Indigo is a service organisation offering expertise in sourcing,
product development, quality and technical assurance to fashion retailers and
brands in Europe. The founders of Group
Indigo, Ashim Khanna, has had a consolidated experience of over 20 years in
sourcing apparel, home textiles and fashion accessories for customers in Europe
and the United States. Most of its
suppliers are in China and the other Asian countries. Group Indigo also carries other commodities
as entrusted by customers.
Group Indigo has set up an office and supplier base in India. It has had suppliers from the Indian
subcontinent namely from countries like India, Sri Lanka, Bangladesh,
Nepal, etc. It also has extensive
industry contacts and counterparts to source from the Middle East and Africa
(Dubai, Kenya, Madagascar, Egypt, Turkey, etc.).
Group Indigo has got an office in Paris where is the centre of Europe,
which allows it to be close to its main customers.
The Group’s another office is in New Delhi and a production branch
office in south India in Chennai, and an office in Pune for Western Indian
operations from Bombay.
Mr. Manish Khanna has over 14 years experience in the fashion
industry. He had worked in large
organizations in the United States and Europe.
He had handled accounts like Paul Smith UK, Talbots US, Okaidi France,
Peek & Cloppenburg Germany. His last
experience included 5 years at Li & Fung (India) as head of European
operations.
Ashim Khanna, Director of Europe Operations – Customer Management, R&D
and Finance management. He has been
living in Europe since 2001. He has got
an MBA degree from HEC France and also has got an apparel production technology
diploma from NIFT, India. He had worked
for 8 years in a US$14 billion turnover company May Department Stores in its
New Delhi office, administering the women’s, men’s and children’s
divisions. The annual turnover of these
divisions amounted to US$8 million.
Currently, Ashim Khanna is residing in France administering the business
of Group Indigo. The business of Group
Indigo is active.
It is likely that Group Indigo deals with foreign parties under the name
of the subject and let foreign firms correspond with the subject’s registered
address in Hong Kong. Group Indigo also
exports commodities to foreign markets under the name of the subject and its
registered address in Hong Kong.
The subject is fully supported by Group Indigo. However, the subject’s business in Hong Kong
is not active.
Since the subject does not have its own operating office and has no
employees in Hong Kong, on the whole, consider it good for business engagements
on L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
|
1 |
Rs.82.44 |
|
Euro |
1 |
Rs.71.08 |
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.