MIRA INFORM REPORT

 

 

Report Date :           

19.10.2011

 

IDENTIFICATION DETAILS

 

Name :

ROYAL  WORLD  (FAR  EAST)  TRADING  LTD.

 

 

Registered Office :

c/o Richful Deyong Corporate Management Ltd., Room 1105, Lippo Centre, Tower 1, 89 Queensway, Admiralty

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

20.03.2009

 

 

Com. Reg. No.:

50439475

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

----

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No operating Office in Hong Kong

 

 

Payment Behaviour :

---

 

 

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

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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

 

ROYAL  WORLD  (FAR  EAST)  TRADING  LTD.

 

 

Company ADDRESS

 

Registered Office:-

c/o Richful Deyong Corporate Management Ltd.

Room 1105, Lippo Centre, Tower 1, 89 Queensway, Admiralty, Hong Kong.   [Phone: 2537 7886;  Fax: 2537 7780]

 

Holding Company:-

Empire (Hong Kong) Ltd., British Virgin Islands.

 

 

BUSINESS REGISTRATION NUMBER

 

50439475

 

 

COMPANY FILE NUMBER

 

1320924

 

 

DATE OF INCORPORATION

 

20th March, 2009.

 

 

CAPITAL

 

Nominal Share Capital:   HK$1,000.00 (Divided into 1,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1,000.00

 

SHAREHOLDER  

(As per registry dated 20-03-2011)

 

Name

 

No. of shares

Empire (Hong Kong) Ltd.

Road Town, Pasea Estate, Tortola, British Virgin Islands.

 

1,000

====

 

DIRECTOR    

(As per registry dated 20-03-2011)

 

Name

(Nationality)

 

Address

Julien, Marc, Richard FOUSSARD

146 Rue de Rivoli, 75001 Paris, France.

 

 

SECRETARY

(As per registry dated 20-03-2011)

 

Name

Address

Co. No.

Joy Enterprise Secretary Services Ltd.

Room 19C, Lockhart Centre, 301-307 Lockhart Road, Wan Chai, Hong Kong.

1336601

 

 

INDEBTEDNESS

 

HK$30,000  (Total amount outstanding on all mortgages and charges as per last Annual Return dated 20-03-2011)

 

 

MORTGAGE OR CHARGE

 

Date of  Security Over Deposits with the Bank (Fixed Deposits) Limited Company – Under Seal:  30-04-2010

Amount:            (i) all monies in any currency owing by the Depositor to the chargee at any time, actually or

contingently, in any capacity, alone or jointly with any other person, (ii) interest on such monies, to the date on which the chargee receives payment, at the rates payable by the Depositor or which would have been payable but for any circumstance which restricts payment and (iii) all expenses of the chargee in perfecting or enforcing the charge and recovering any indebtedness of the Depositor.

Property:           The chargee in the amount of HK$30,000 under Deposit A/C No. 411-707417 (0001)

Mortgagee:        The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

GENERAL

 

Royal World (Far East) Trading Ltd. was incorporated on 20th March, 2009 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 provider located at ‘Room 1105, Lippo Centre, Tower 1, 89 Queensway, Admiralty, Hong Kong’ known as ‘Richful Deyong Corporate Management Ltd.’ which is handling its correspondences and documents.

Formerly the subject’s registered address was located at ‘3/F., Jonsim Place, 228 Queen’s Road East, Wanchai, Hong Kong’ where is the operating address of another commercial service provider Aall & Zyleman Co. Ltd.  The subject’s registered address moved to the present address in February 2011 as it has changed its commercial service provider since then.

The subject has no employees in Hong Kong.

According to the Companies Registry of Hong Kong, the subject has issued 1,000 ordinary share of HK$1.00 each which are wholly-owned by Empire (Hong Kong) Ltd. which is a BVI-registered firm.

The only director of the subject Mr. Julien, Marc, Richard Foussard is a France passport holder who does not have the right to reside in Hong Kong permanently.  Currently he is residing in Paris, France.

The subject’s lines of business are unknown since the secretarial firm declined to divulge any information about it.

The subject has been banking with The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

The subject’s total amount outstanding registered with the Companies Registry as at late March, 2011 amounted to HK$30,000.00.

It is likely that the subject has got an associated company in Paris, France which is also operated by Foussard.

It is also likely that the France 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 subject’s business in Hong Kong is not active.  History in Hong Kong is over two years and six month.

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.77.58

Euro

1

Rs.67.58

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.