MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
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Name : |
THREE
STARS EAST LTD. |
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Registered Office : |
15/F., Xiu Ping Commercial Building, 104 Jervois Street |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.05.2007 |
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Com. Reg. No.: |
37990200 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of chemicals and pharmaceuticals, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – 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
THREE STARS EAST
LTD.
Company ADDRESS
15/F., Xiu Ping Commercial Building, 104 Jervois Street, Hong Kong.
PHONE: 2544 9398
FAX: 2544 1333
E-MAIL: threestarseast@gmail.com
MANAGEMENT
Managing Director: Mr. Anil Kishumal Aswani
SUMMARY
Incorporated on: 25th May, 2007.
Organization: Private Limited Company.
Capital: Nominal: HK$100,000.00
Issued: HK$100.00
Business Category: Importer, Exporter and Wholesaler.
Annual Turnover: US$20~25 million.
Employees: 16. (Including associate)
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Company ADDRESS
Registered Head
Office:-
15/F., Xiu Ping Commercial Building, 104 Jervois Street, Hong Kong.
Associated
Company:-
Asiaxport (H.K.) Ltd., Hong Kong. (Same address)
BUSINESS REGISTRATION NUMBER
37990200
COMPANY FILE NUMBER
1135633
MANAGEMENT
Managing Director: Mr. Anil Kishumal Aswani
CAPITAL
Nominal Share Capital: HK$100,000.00 (Divided into 1,000 shares of HK$100.00 each)
Issued Share Capital: HK$100.00
SHAREHOLDER
(As per registry
dated 25-05-2011)
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Name |
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No. of share |
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Anil Kishumal ASWANI |
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1 = |
DIRECTOR
(As per registry
dated 25-05-2011)
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Name (Nationality) |
Address |
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Anil Kishumal ASWANI |
Apartment 4B, Block 1, 51 Conduit Road, Hong Kong. |
SECRETARY
(As per registry
dated 25-05-2011)
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Name |
Address |
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Hema Gul MIRPURI |
Apartment 4B, Block 1, 51 Conduit Road, Hong Kong. |
HISTORY
The subject was incorporated on 25th May, 2007 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: All kinds of chemicals and pharmaceuticals, etc.
Employees: 16. (Including associate)
Commodities Imported: India, Germany, other European countries, etc.
Markets: Japan, other Asian countries, Europe, Middle East, etc.
Annual Turnover: US$20~25 million.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, D/P, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$100,000.00 (Divided into 1,000 shares of HK$100.00 each)
Issued Share Capital: HK$100.00
Profit or Loss: Making a small profit every year.
Condition: Keeping in a satisfactory manner.
Facilities: Making active use of general banking facilities.
Payment: Met trade commitments as required.
Commercial Morality: Satisfactory.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Normal.
GENERAL
Three Stars East Ltd. is wholly-owned by Mr. Anil Kishumal Aswani who is a foreigner. He may be an Indian. He is a Hong Kong ID Card holder and has got the right to reside in Hong Kong permanently.
The subject has had an associated company known as Asiaxport (H.K.) Ltd. [Asiaxport], also a Hong Kong-registered firm, located at the operating office. Also owned by Aswani, Asiaxport and the subject are engaged in the same lines of business. Asiaxport was incorporated on 9th June, 2004.
The subject is a chemical and pharmaceutical trader.
Asiaxport is based in Hong Kong and is a major exporter of chemical and pharmaceutical products. It has made large investment in chemical factories for producing its products. Asiaxport has got ISO 9001:2000 and QS-9000 certifications.
The subject and Asiaxport are buying offices. Chemicals and pharmaceuticals are sourced from India, China, European countries, etc. Products are exported to worldwide countries. Business is active.
Graduated from Hofstra University of New York, the United States in 1991, Aswani had been the director of Finance at Rhodia. He got an MBA degree majoring in accounting from Hofstra University.
The history of the subject is over four years and three months in Hong Kong. However, the history of Asiaxport is over seven years and three months.
The annual sales turnover of the subject and Asiaxport ranges from US$20 to 25 million. Making a small profit every year.
On the whole, consider the subject good for normal business engagements.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.81 |
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UK Pound |
1 |
Rs.75.16 |
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Euro |
1 |
Rs.65.11 |
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.