MIRA
INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CHINA GLOBAL TRADING ENTERPRISES LTD. |
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Registered Office : |
C/o PAMM Corporate Secretary Ltd. Flat A, 15/F., Hillier Commercial Building, 65-67 Bonham Strand East, Sheung Wan |
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Country : |
Hong Kong |
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Date of Incorporation : |
08.08.2011 |
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Com. Reg. No.: |
58918293 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of Electronic products, light industrial products, precious stones, 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 – September 30, 2011
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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 |
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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 and address
CHINA GLOBAL
TRADING ENTERPRISES LTD.
Address: c/o PAMM
Corporate Secretary Ltd.
Flat A,
15/F., Hillier Commercial Building,
65-67
Bonham Strand East,
Sheung Wan,
Hong Kong.
(Your enquiry given as:
CHINA GLOBAL
TRADING ENTERPRISES
of the same address)
PHONE: 2581 0058
MANAGEMENT
Managing Director: Mr. Ankur
Gupta
SUMMARY
Incorporated on: 8th
August, 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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too
early to comment.
ADDRESS
Registered Head Office:-
c/o PAMM Corporate Secretary Ltd.
Flat A, 15/F., Hillier Commercial Building, 65-67 Bonham Strand East,
Sheung Wan, Hong Kong.
BUSINESS REGISTRATION NUMBER
58918293
COMPANY FILE NUMBER
1656781
MANAGEMENT
Managing Director: Mr. Ankur
Gupta
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
SHAREHOLDER
(As per registry dated 08-08-2011)
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Name |
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No. of shares |
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Ankur Gupta |
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10,000 ===== |
DIRECTOR
(As per registry dated 08-08-2011)
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Name (Nationality) |
Address |
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Ankur Gupta |
E 612, Narwana Appts, I P Extension Delhi, 110092, India. |
SECRETARY
(As per registry dated 08-08-2011)
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Name |
Address |
Co. No. |
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PAMM Corporate Secretary Ltd. |
Flat A, 15/F., Hillier Commercial Building, 65-67 Bonham Strand East,
Sheung Wan, Hong Kong. |
1646493 |
HISTORY
The subject was incorporated on 8th August, 2011 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: Electronic products,
light industrial products, precious stones, etc.
Employees: Nil.
Commodities Imported: China, other Asian countries, etc.
Markets: India, other Asian countries, etc.
Terms/Sales:
L/C or as per contracted.
Terms/Buying: As per
contracted.
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: Too early to
offer an opinion.
Condition: Business is under development.
Facilities: Making fairly active use of general
banking facilities.
Commercial Morality: Too
early to comment.
Banker: The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
Standing:
Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, China Global
Trading Enterprises Ltd. is wholly owned by Mr. Ankur Gupta who is an
Indian. He is an India passport holder
and does not have the right to reside in Hong Kong permanently.
Being the only director of the subject, currently he is residing in
Delhi, India.
The subject does not have its own operating office. Its registered office is in a commercial
service firm located at ‘Flat A, 15/F., Hillier Commercial Building, 65-67
Bonham Strand East, Sheung Wan, Hong Kong’ known as ‘PAMM Corporate
Secretary Ltd.’ [PAMM] which is handling its correspondences and
documents. This firm is also the
corporate secretary of the subject. PAMM
is an associated company of Stephen M. S. Lai & Co. CPA, an accountant
firm, which is also located at the above-mentioned address.
The subject has no employees in Hong Kong.
The subject’s lines of business are unknown since the secretarial firm
declined to divulge any information about it.
The director of the subject cannot be reached as he is in India.
It is likely that the subject is trading in electronic products, light
industrial products and precious stones, etc.
Commodities are chiefly sourced from China, other Asian countries, etc. Business is still under development.
It is likely that the subject has got an associated company in India
which is also operated by Ankur Gupta.
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/imports commodities to/from foreign markets under the
name of the subject and its registered address in Hong Kong.
The subject’s business in Hong Kong is not active. History in Hong Kong is just over two months.
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 L/C basis.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.49.87 |
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|
1 |
Rs.79.73 |
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Euro |
1 |
Rs.69.53 |
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 |
-- |
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.