MIRA INFORM REPORT
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Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
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Name : |
VAST
FAITH INTERNATIONAL LTD. |
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Registered Office : |
c/o Buttar & AssociatesUnit V, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
27.01.2011 |
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Com. Reg. No.: |
53700641 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter
and Wholesaler of Jewellery and diamond |
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 : |
Usually Correct |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
VAST FAITH INTERNATIONAL LTD.
Company ADDRESs
c/o Buttar & Associates
Unit V, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
MANAGEMENT
Managing Director: Mr. Ramachandran Peramkulangara (Mobile: 6687 9825)
SUMMARY
Incorporated on: 27th January, 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: Satisfactory.
Company ADDRESS
Registered Head Office:-
c/o Buttar & Associates
Unit V, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBER
53700641
COMPANY FILE NUMBER
1557016
MANAGEMENT
Managing Director: Mr. Ramachandran Peramkulangara
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
SHAREHOLDERS
(As per registry
dated 01-02-2011)
|
Name |
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No.
of shares |
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GNL11
Ltd., Hong Kong. |
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1 |
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Ramachandran Peramkulangara |
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9,999 |
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–––––– |
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Total: |
10,000 ===== |
DIRECTOr
(As per registry
dated 01-02-2011)
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Name (Nationality) |
Address |
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Ramachandran Peramkulangara |
B No-288 F, No-2576 5/2 Lig Hou Board,
Pandesara, Surat, India. |
SECRETARY
(As per registry
dated 01-02-2011)
|
Name |
Address |
Co.
No. |
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Buttar.HK
Ltd. |
1/F., Mau Lam Commercial Building 16-18 Mau Lam Street, Jordan Kowloon,
Hong Kong. |
0975326 |
HISTORY
The
subject was incorporated on 27th January, 2011 as a private limited liability
company under the Hong Kong Companies Ordinance.
Initially
the subject was located at Room 1001-1004A, 10/F., Champion Building, 287-291
Des Voeux Road Central, Hong Kong where is the operating address of a
commercial service provider Gateway Registrations Ltd. It moved to the present address with effect
from 1st February, 2011 as it has changed its commercial service provider since
then.
Apart
from these, neither material change nor amendment has been ever traced and
noted.
OPERATIONS
Activities: Importer, Exporter and Wholesaler.
Lines: Jewellery and diamond.
Employees: Nil.
Commodities Imported: India, etc.
Markets: Hong Kong, Japan, other Asian countries
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, pre-payment, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Alternation of Capital:-
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27-01-2011 |
paid up |
HK$ 1.00 |
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01-02-2011 |
paid up |
HK$ 9,999.00 |
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––––––––––––– |
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Total: |
paid up |
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.
Payment: Met trade commitments as required.
Commercial Morality: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Vast
Faith International Ltd. was incorporated on 27th January, 2011 as a private limited
liability company wholly owned by Ramachandran Peramkulangara who is an
Indian. He is an India passport holder
and does not have the right to reside in Hong Kong permanently.
Your
given phone number 852-6687 9825 is a mobile phone number seems belongs to
Ramachandran Peramkulangara. However, we
can reach nobody on this number.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit V,
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong
Kong known as Buttar & Associates which is handling its correspondences and
documents. The associate of Buttar &
Associates Buttar.HK Ltd. is the corporate secretary of the subject. Buttar.HK Ltd. is also located at the above‑mentioned
address. The subject has no employees in
Hong Kong.
The
subject is a diamond importer, exporter and wholesaler. It is trading in loose, polished and cut
diamonds. Most of the commodities are
imported from India. Prime markets are
Hong Kong, Japan and the other Asian countries.
Business is still under development.
It
is likely that the subject has got an associated company in India which is also
operated by the shareholder of the subject.
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 commodities to foreign markets under the name of the subject and its
registered address in Hong Kong.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.02 |
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UK Pound |
1 |
Rs.73.61 |
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Euro |
1 |
Rs.64.78 |
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 |
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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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.