MIRA INFORM REPORT
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Report Date : |
14.10.2011 |
IDENTIFICATION DETAILS
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Name : |
BURHANI INTERNATIONAL TRADING
HK LTD. |
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Registered Office : |
c/o Akin
Professionals Ltd., 20/F., Champion Building, 287-291 Des Voeux Road Central,
Sheung Wan, Hong Kong |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.07.2011 |
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Com. Reg. No.: |
58790334 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
---- |
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 – 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 |
|
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
BURHANI INTERNATIONAL
TRADING HK LTD.
company ADDRESS
Registered Office:-
c/o Akin
Professionals Ltd.
20/F., Champion
Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.
BUSINESS REGISTRATION NUMBER
58790334
COMPANY FILE NUMBER
1644014
DATE OF INCORPORATION
27th July, 2011.
CAPITAL
Nominal Share
Capital: HK$100,000.00 (Divided into 100,000 shares of HK$1.00 each)
Issued Share
Capital: HK$1.00
SHAREHOLDER
(As per registry dated 27-07-2011)
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Name |
|
No.
of share |
|
Hussain Sam KAPADIA |
|
1 = |
DIRECTOR
(As per registry dated 26-08-2011)
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Name (Nationality) |
Address |
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Mustufa Rafik
KAPADIA |
7/F., Flat No. 702, Bhagvati-Ashish, Complex-1
Opp. Ashok Pan-House, City Light, Surat-395007, India. |
SECRETARY
(As per registry dated 27-07-2011)
|
Name |
Address |
Co.
No. |
|
Akin
Professionals Ltd. |
20/F., Champion Building, 287-291 Des Voeux Road Central, Sheung Wan,
Hong Kong. |
1273165 |
GENERAL
Burhani
International Trading HK Ltd. was incorporated on 27th July, 2011 as a private
limited liability company under the Hong Kong Companies Ordinance.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at ‘20/F.,
Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.’
known as Akin Professionals Ltd. [Akin] which is handling its correspondences
and documents. Akin is also the
corporate secretary of the subject.
The
subject has no employees in Hong Kong.
According
to the Companies Registry of Hong Kong, the subject has issued 1 ordinary
shares of HK$1.00 each which are wholly-owned by Mr. Hussain Sam Kapadia
who is an Indian.
The
only director of the subject Mustufa Rafik Kapadia is also an Indian. He is an India passport holder and does
not have the right to reside in Hong Kong permanently. Currently, the shareholder and director of
the subject are residing in India.
The
subject’s lines of business are unknown since the secretarial firm declined to
divulge any information about it.
The
director and shareholder of the subject cannot be reached as they are in Surat,
India.
The
subject seems to be a diamond importer, exporter and wholesaler. It is trading in loose, polished and cut
diamonds. Most of the commodities are
imported from India. Prime markets are
Hong Kong, Japan and the other Asian countries.
Business is still under development.
It
is likely that the subject has got an affiliated company in India which is
operated by Kapadia.
The
India firm is doing business with foreign parties under the name of the subject
and let foreign firms correspond with the subject’s registered address in Hong
Kong.
The
subject’s history in Hong Kong is just over two months. It has been banking with HBZ Finance Ltd.,
Hong Kong.
Since
the subject does not have its own operating office, history is short and has no
employees in Hong Kong, consider it good for business engagements on fully secured
terms.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.02 |
|
UK Pound |
1 |
Rs.77.12 |
|
Euro |
1 |
Rs.67.55 |
RATING EXPLANATIONS
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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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.