MIRA INFORM REPORT

 

 

Report Date :           

08.10.2011

 

IDENTIFICATION DETAILS

 

Name :

NISHI  INTERNATIONAL  LTD.

 

 

Registered Office :

c/o Forward Secretarial Services Ltd., Room 1117, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

30.09.2005

 

 

Com. Reg. No.:

36064557

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of furniture, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

NISHI  INTERNATIONAL  LTD.

 

 

Company ADDRESS

 

c/o Forward Secretarial Services Ltd.

Room 1117, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.

PHONE:            2780 0823

FAX:                 2770 9309

 

 

MANAGEMENT

 

Managing Director:  Parag Chandrakant Mehta

 

 

SUMMARY

 

Incorporated on:             30th September, 2005.

 

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:           Satisfactory.

 

 

Company ADDRESS

 

Registered Head Office:-

c/o Forward Secretarial Services Ltd.

Room 1117, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong

 

Associated Company:-

Guangzhou Nishi International Ltd., China.

[Tel: 86-20-8136 4798;  Fax: 86-20-8136 5934]

 

 

BUSINESS REGISTRATION NUMBER

 

36064557

 

 

COMPANY FILE NUMBER

 

0998714

 

 

MANAGEMENT

 

Managing Director:  Parag Chandrakant Mehta

 

 

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 30-09-2010)

 

Name

 

No. of shares

Parag Chandrakant MEHTA

 

4,000

Mitin Chandrakant MEHTA

 

3,000

Purvi Mitin MEHTA

 

3,000

 

 

–––––

 

Total:

10,000

=====

 

DIRECTORS

(As per registry dated 30-09-2010)

 

Name

(Nationality)

 

Address

Parag Chandrakant MEHTA

Room 1607, Tower 7, Pavkview Place, Dongfengxi, Guangzhou, China.

 

Mitin Chandrakant MEHTA

Room 1607, Tower 7, Pavkview Place, Dongfengxi, Guangzhou, China.

 

Purvi Mitin MEHTA

Room 1607, Tower 7, Pavkview Place, Dongfengxi, Guangzhou, China.

 

 

SECRETARY

(As per registry dated 30-09-2010)

 

Name

Address

Co. No.

Forward Secretarial Services Ltd.

Room 1101, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong.

0575813

 

 

HISTORY

 

The subject was incorporated on 30th September, 2005 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:                           All kinds of furniture, etc.

 

Employees:                   Nil.

 

Commodities Imported:   China, etc.

 

Markets:                       Hong Kong, Macau, Taiwan, other Asian countries, Middle East, Africa, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, T/T, D/P, 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:                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 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, Nishi International Ltd. is jointly owned by Parag Chandrakant Mehta, holding 40% interests; Mr. Mitin Chandrakant Mehta, holding 30%; Mr. Purvi Mitin Mehta, also 30%.  All the Mehtas are also directors of the subject.  They are India passport holders and do not have the right to reside in Hong Kong permanently.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at ‘Room 1117, Hollywood Plaza, 610 Nathan Road, Mongkok, Kowloon, Hong Kong’ known as ‘Forward Secretarial Services 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.

The subject has got an associated company known as Guangzhou Nishi International Ltd. [NIL] which is a China-based firm.  Your given phone and fax number belong to this firm.

NIL is engaged in sourcing and exporting all kind of furniture from China.  Originally from Rajkot, NIL has been based in Guangzhou, Guangdong Province, China since last 7 years.

NIL helps clients penetrate the markets, locate the factories, source products, and co-ordinate with clients and factories, shipment and documents.  It is also engaged in the ‘LCL business’ -- consolidation and forwarding -- which includes warehousing.  It usually works on fixed commission basis for its services offered to clients.

Its main clientele are in India, Africa and the Middle East.  Its customers are wholesalers and retailers, agents, professional like Architect and interior designers and also actual end users.

Not only trades in furniture, NIL also trades in building materials such as sanitary wares, tiles and home decor, bathroom fittings and other hardware.

Besides the subject, NIL has got office in India, and Bali of Indonesia.  From Bali, NIL also trades in home decor, handicraft and rattan and bamboo furniture.

It is likely that NIL deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  NIL 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.

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.