MIRA INFORM REPORT
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Report Date : |
08.10.2011 |
IDENTIFICATION DETAILS
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Name : |
ALLIED
SUN TRADING LTD. |
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Registered Office : |
c/o Krsna Group Ltd., Suite 1508, 15/F., Empress Plaza, 17-19 Chatham Road South, Tsimshatsui, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
20.01.2011 |
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Com. Reg. No.: |
53701451 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Scrap, Metal Scrap, Textile Products, Soda Ash, Soda Dense, other Chemicals, 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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
ALLIED SUN
TRADING LTD.
Company ADDRESS
c/o Krsna Group Ltd.
Suite 1508, 15/F., Empress Plaza, 17-19 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
PHONE: 2369 8722
FAX: 3740 0159
MANAGEMENT
Managing Director: Mr. Gunjan Razdan
SUMMARY
Incorporated on: 20th January, 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: Indian Overseas Bank, Hong Kong Branch.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o Krsna Group Ltd.
Suite 1508, 15/F., Empress Plaza, 17-19 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong.
Affiliated Company:-
Astra Global (HK) Ltd.
10A, Hilton Tower, Tsim Sha Tsui, Kowloon, Hong Kong.
[Tel: 5192 8669; Fax: 3740 0159]
BUSINESS REGISTRATION NUMBER
53701451
COMPANY FILE NUMBER
1554050
MANAGEMENT
Managing Director: Mr. Gunjan Razdan
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 31-01-2011)
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Name |
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No. of shares |
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GNL11 Ltd., Hong Kong. |
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1 |
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Gunjan RAZDAN |
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9,999 |
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––––– |
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Total: |
10,000 ===== |
DIRECTOR
(As per registry
dated 31-01-2011)
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Name (Nationality) |
Address |
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Gunjan RAZDAN |
Y-406, Siddartha Appt., M.P. Enclave, New Delhi 110034, India. |
SECRETARY
(As per registry
dated 31-01-2011)
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Name |
Address |
Co.
No. |
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AT Accounting & Secretarial Services Ltd. |
Suite 909, 9/F., Two Grand Tower, 625 Nathan Road, Mongkok, Kowloon, Hong Kong. |
0985965 |
HISTORY
The subject was incorporated on 20th January, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.
Formerly the subject was located at Room 1001-4A, Champion Building, 287-291 Des Voeux Road, Central, Hong Kong which is the operating address of Gateway Registrations Ltd. which is a commercial service provider. The subject moved to the present address with effect from 31st January, 2011 as it has changed its commercial service provider since then.
Apart from these, neither material change nor amendment has been ever traced and noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Scrap, Metal Scrap, Textile Products, Soda Ash, Soda Dense, other Chemicals, etc.
Employees: Nil.
Commodities Imported: China, India, other Asian countries, etc.
Markets: India, 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
Mortgage or Charge:-
Date of Undertaking Relating to Deposits: 18-05-2011
Amount: All liabilities
Property: Distinctive No. of Receipt: 2011 FD 44 1
Date of Receipt: 18-05-2011
Amount of Deposit: US$153,079
Rate of Interest: 0.80%
Maturity Date of Deposit: 14-11-2011
Mortgagee: Indian Overseas Bank, Hong Kong Branch.
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: Indian Overseas Bank, Hong Kong Branch.
Standing: Small
GENERAL
Allied Sun Trading Ltd. is wholly-owned by Mr. Gunjan Razdan 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 director of the subject. Currently, he is residing in India.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at ‘Suite 1508, 15/F., Empress Plaza, 17‑19 Chatham Road South, Tsimshatsui, Kowloon, Hong Kong’ known as ‘Krsna Group Ltd.’ which is handling its correspondences and documents.
The subject has no employees in Hong Kong.
Your given phone number 5192 8669 belongs to a firm known as Astra Global (HK) Ltd. [Astra] which is located at a residential building. The owner of Astra is Mr. Rohit Razdan who is a family member of Gunjan Razdan.
Astra and the subject are engaged in the same lines of business. Astra is trading in the following commodities:
Scrap,
Metal Scrap, Textile Products, Soda Ash, Soda Dense, other Chemicals, etc.
It is likely that the subject has got an associated company in India which is also operated by Gunjan Razdan.
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’s business in Hong Kong is not very active. History in Hong Kong is just over eight 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 secured basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.14 |
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UK Pound |
1 |
Rs.75.97 |
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Euro |
1 |
Rs.65.99 |
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.