MIRA INFORM REPORT

 

 

Report Date :           

06.09.2011

 

IDENTIFICATION DETAILS

 

Name :

GOODWILL  IMP  AND  EXP

 

 

Registered Office :

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

07.06.2009

 

 

Com. Reg. No.:

50751827-000-06

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of Mobile phones, accessories, 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 :

Unknown

 

 

Litigation :

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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

 

 Bottom of Form

 

Company name

 

GOODWILL IMP AND EXP

 

 

company ADDRESS

 

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

PHONE:            2724 0044

FAX:                 2724 0055

 

 

MANAGEMENT

 

Manager:  Mr. Mohamed Sultan Seyed Ismail  (Mobile: 6423 8131)

 

 

SUMMARY

 

Establishment:                          7th June, 2009.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                   2.

 

Main Dealing Banker:     Bank of China (Hong Kong) Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Head Office:-

Room 1308, 13/F., Hart Avenue Plaza, 5 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

50751827-000-06

 

 

MANAGEMENT

 

Manager:  Mr. Mohamed Sultan Seyed Ismail

 

 

SOLE PROPRIETOR

 

Name:                           Mr. Mohamed Sultan SEYED ISMAIL

Residential Address:      Room1203, 12/F., Star Mansion, 3-5 Minden Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 7th June, 2009 as a sole proprietorship concern owned by Mr. Mohamed Sultan Seyed Ismail under the Hong Kong Business Registration Regulations.

Apart from these, neither material change nor amendment has been ever traced and noted.

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           Mobile phones, accessories, etc.

 

Employees:                   2.

 

Commodities Imported:   Europe, Japan, China, etc.

 

Markets:                       Asian countries, Middle East, etc.

 

Terms/Sales:                 L/C or as per contracted.

 

Terms/Buying:               L/C, D/P, etc.

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

Profit or Loss:                Too early to offer an opinion.

 

Condition:                      Business is under development.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Bank of China (Hong Kong) Ltd., Hong Kong.

 

Standing:                      Small.

 

 

GENERAL

 

Goodwill Imp And Exp is a sole proprietorship set up and owned by Mr. Mohamed Sultan Seyed Ismail who is an Indian.  He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.  Seyed Ismail can be reached at his mobile phone number 6423 8131.

Established in June 2009, the subject is trading in GSM/PCS mobile phones and accessories.  Significant brands carried such as “Motorola”, “Nokia”, “Ericsson”, “Samsung”, “Philips”, “Siemens”, etc.  The subject also carries mobile phone accessories such as phone cases, batteries, chargers, etc.

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 RU00133099-RU.

The business of the subject is chiefly handled by Seyed Ismail himself.

The history of the subject in Hong Kong is just about two years and three months, business is still under development.

Since the history of the subject is short in Hong Kong, consider it good for normal business engagements on secured basis.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.94

UK Pound

1

Rs.74.28

Euro

1

Rs.64.97

 

 

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

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NB

New Business

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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.