MIRA INFORM REPORT

 

 

Report Date :

04.08.2011

 

IDENTIFICATION DETAILS

 

Name :

akio international

 

 

Registered Office :

C/o Asia-Pacific Business Centre

Room 2207-2209, 22/F., Block II, Lippo Centre, 89 Queensway, Admiralty

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

23.03.2010

 

 

Com. Reg. No.:

51966281-000-03

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Mobile Phone Trader

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

No Operating Office

 

 

Payment Behaviour :

Unknown

 

 

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 – 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 and address

 

AKIO  INTERNATIONAL

 

 

Address:          

c/o Asia-Pacific Business Centre

Room 2207-2209, 22/F., Block II,

Lippo Centre, 89 Queensway,

Admiralty, Hong Kong.

 

(Formerly located at:

Room A2A, 4/F., Winner Building,

36 Man Yue Street, Hunghom, Kowloon, Hong Kong.)

 

ADDRESS

 

Registered Office:-

c/o Asia-Pacific Business Centre

Room 2207-2209, 22/F., Block II, Lippo Centre, 89 Queensway, Admiralty, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER 

 

51966281-000-03

 

 

ESTABLISHMENT

 

23rd March, 2010.

 

 

SOLE PROPRIETOR

 

Name:  Mr. Safeer Sherif IBRAHIM

Residential Address:      Thottathil Kottappurath House, Marampally Po, Aluva, Ernakulam Kerala, India - 683107.

 

 

GENERAL

 

Akio International is a sole proprietorship set up on 23rd March, 2010 and owned by Mr. Safeer Sherif Ibrahim under the Hong Kong Business Registration Regulations.

Ibrahim is the manager of the subject who can be reached at his mobile phone number 852-9747 8250.  He is an India passport holder and does not have the right to reside in Hong Kong permanently.

Formerly, the subject was located at Room A2A, 4/F., Winner Building, 36 Man Yue Street, Hunghom, Kowloon, Hong Kong, moved to the present address in February 2011.

The subject does not have its own operating office.  Its new registered office is in a business centre located at Room 2207-2209, 22/F., Block II, Lippo Centre, 89 Queensway, Admiralty, Hong Kong known as Asia-Pacific Business Centre which is handling its correspondences and documents.

The subject has no employees in Hong Kong.

To our knowledge, the subject is a mobile phone trader.

The subject has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee.  The subject bears the licence No. of RU00138227-RU.

The subject is trading in GSM/PCS mobile phones and accessories.  Significant brands carried are “Motorola”, “Nokia”, “Ericsson”, “Samsung”, “Philips”, “Siemens”, etc.  The subject also trades in batteries, spare parts, etc.  Commodities are sourced from China, Europe, South Korea, etc. and re‑exported to foreign countries.  Business is still under development.

Your given fax number 86-20-8130 0545 is not a Hong Kong line.  It is not a phone number but a Guangzhou fax number.  We can reach nobody at this number.  It is likely that the subject has had an affiliated company in Guangzhou, Guangdong Province, China trading in the same kind of products.

The subject’s business in Hong Kong is not very active.  History in Hong Kong is just over a year and four months.

Since the subject does not have its own operating office and has no employees in Hong Kong, consider it good for business engagements on L/C basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.20

Euro

1

Rs.62.87

 

 

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.