MIRA INFORM REPORT
|
Report Date : |
20.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED
RAINBOW ASIA LTD. |
|
|
|
|
Registered Office : |
c/o Dhun’s Management Services Ltd., 7/F., Man On Commercial Building, 12-13 Jubilee Street, Central |
|
|
|
|
Country : |
Hong Kong |
|
|
|
|
Date of Incorporation : |
23.02.2006 |
|
|
|
|
Com. Reg. No.: |
36811649 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importer, Exporter and Wholesaler of Pharmaceuticals, chemicals, sundry products, 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 – 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
ALLIED RAINBOW
ASIA LTD.
Company ADDRESS
c/o Dhun’s Management Services Ltd.
7/F., Man On Commercial Building, 12-13 Jubilee Street, Central, Hong Kong.
PHONE: 2850 8826
FAX: 2850 8830
E-MAIL: info@alliedrainbow.com
MANAGEMENT
President: Mr. Vikas Sureshkumar Bhageria
SUMMARY
Incorporated on: 23rd February, 2006.
Organization: Private Limited Company.
Capital: Nominal: HK$1,560,000.00
Issued: HK$1,560,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: State Bank of India, Hong Kong Branch.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
c/o Dhun’s Management Services Ltd.
7/F., Man On Commercial Building, 12-13 Jubilee Street, Central, Hong Kong.
China Main Office:-
Allied Rainbow
Asia Ltd.
C-27, Lingqiao
Square, 34-35 Yaohang Street, Ningbo City, Zhejiang Province, China.
[Tel: 86-574-2778 0612
Fax: 86-574-2778 0616
E-mail: info@alliedrainbow.com ]
BUSINESS REGISTRATION NUMBER
36811649
COMPANY FILE NUMBER
1026050
MANAGEMENT
President: Mr. Vikas Sureshkumar Bhageria
Director & General Manager: Mr. Rahul Bhageria
CAPITAL
Nominal Share Capital: HK$1,560,000.00 (Divided into 1,560,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,560,000.00
SHAREHOLDERS
(As per registry
dated 23-02-2011)
|
Name |
|
No. of shares |
|
Vikas Sureshkumar BHAGERIA |
|
780,000 |
|
Rahul BHAGERIA |
|
780,000 |
|
|
|
–––––––– |
|
|
Total: |
1,560,000 ======= |
DIRECTORS
(As per registry
dated 23-02-2011)
|
Name (Nationality) |
Address |
|
Rahul BHAGERIA |
301/302, Vasant Galaxy Mars, B Wing, Junction of MG & Link Road, Bangur Nagar, Goregaon (W), Mumbai-400090, India. |
|
Vikas Sureshkumar BHAGERIA |
601/602, Vasant Galaxy Mars, B Wing, Junction of MG & Link Road, Bangur Nagar, Goregaon (W), Mumbai-400090, India. |
SECRETARY
(As per registry
dated 23-02-2011)
|
Name |
Address |
Co.
No. |
|
Dhun’s Management Services Ltd. |
7/F., Man On Commercial Building, |
0027006 |
HISTORY
The subject was incorporated on 23rd February, 2006 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: Pharmaceuticals, chemicals, sundry products, etc.
Employees: Nil.
Materials/Commodities: Imports raw materials from European countries, some Asian countries and finished
products from China.
Markets: China, Asian countries, Middle East, Africa, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$1,560,000.00 (Divided into 1,560,000 shares of HK$1.00 each)
Issued Share Capital: HK$1,560,000.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 10,000.00 |
|
16-04-2009 |
paid up |
HK$ 390,000.00 |
|
31-07-2009 |
paid up |
HK$ 1,160,000.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 1,560,000.00 ============== |
Increase of Nominal Capital:-
|
From |
HK$400,000.00 |
to |
HK$1,560,000.00 |
on |
31-07-2009 |
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: State Bank of India, Hong Kong Branch.
Standing: Small.
GENERAL
Having issued 1,560,000 ordinary shares of HK$1.00 each, Allied Rainbow Asia Ltd. was wholly-owned by Mr. Vikas Sureshkumar Bhageria who is an Indian. Now, the subject is equally-owned by Vikas Sureshkumar Rahul Bhageria and Rahul Bhageria. The two Bhagerias belong to the same family. They are also directors of the subject.
V. S. Bhageria is a Hong Kong ID holder while R. Bhageria is an India passport holder.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at 7/F., Man On Commercial Building, 12‑13 Jubilee Street, Central, Hong Kong known as Dhun’s Management Services Ltd. which is handling its correspondences and documents. Dhun’s Management Services Ltd. is also the corporate secretary of the subject.
The subject has no employees in Hong Kong.
To our knowledge, the subject was established with an objective to serve customers with pharmaceutical products. It has had operating office in Ningbo City, Zhejiang Province, China.
The subject mainly deals in the following products:
1. Pharmaceuticals/finished pharmaceuticals/API
2. Chemicals (organic and inorganic) and Argo Chemicals
3. Minerals (copper ore, lead ore, iron ore)
4. Machines and steel structures
5. Auto Parts, etc.
It also trades in pigments, dye stuff, electrical products, hand tools and hardware, motorcycle tyres and tubes, plywood, steel products like SS tubes, pipes and sheets, jewellery, diamonds, etc.
Its major markets include the United States, Africa, Southeast Asia, Iran, India, the United Arab Emirates, etc.
The subject’s main customers includes Vedanta, Furnace Fabrica, Bhageria Dye Chem, Ash Trade Nigeria Ltd., Astron, etc.
Most of the time, Vikas Sureshkumar Bhageria and Rahul Bhageria are stationing at their China office in Zhejiang Province, China. Vikas Sureshkumar Bhageria can be reached at his mobile phone number 0086-13566017249 while Rahul Bhageria can be reached at 0086‑13486403175.
Since the China office and the subject bear the same name, the China firm corresponds with foreign parties under the subject’s 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.49.18 |
|
UK Pound |
1 |
Rs.77.49 |
|
Euro |
1 |
Rs.67.96 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.