MIRA INFORM REPORT

 

 

Report Date :           

19.09.2011

 

IDENTIFICATION DETAILS

 

Name :

NAMO &  (H.K)  CO.  LTD.

 

 

Registered Office :

c/o Hong Kong United Accounting & Secretarial Ltd., Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

13.08.2008

 

 

Com. Reg. No.:

39672074

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Importer, Exporter and Wholesaler of Leather materials, chemicals, coatings, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Usually Correct

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

 

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

 

NAMO  &  (H.K)  CO.  LTD.

 

 

Company ADDRESS

 

c/o Hong Kong United Accounting & Secretarial Ltd.

Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

PHONE:                        2575 5599

FAX:                 2891 1996

 

 

MANAGEMENT

 

Managing Director:  Mr. Anandha Kumar

 

 

SUMMARY

 

Incorporated on:             13th August, 2008.

 

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:     Citibank N.A., Shanghai Branch, China.

 

Banking Relation:           Satisfactory.

 

Company ADDRESS

 

Registered Head Office:-

c/o Hong Kong United Accounting & Secretarial Ltd.

Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

 

Associated Companies:-

JSR Exim Enterprises (Pvt.) Ltd., India.

Shanghai Huidu International Trade Co. Ltd., China.

 

 

BUSINESS REGISTRATION NUMBER

 

39672074

 

 

COMPANY FILE NUMBER 

 

1264736

 

 

MANAGEMENT

 

Managing Director:  Mr. Anandha Kumar

 

 

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 13-08-2011)

 

Name

 

No. of shares

Anandha KUMAR

 

7,000

ZHAO Haiyan

 

3,000

 

 

––––––

 

Total:

10,000

=====

 

DIRECTOR    

(As per registry dated 13-08-2011)

 

Name

(Nationality)

 

Address

Anandha KUMAR

102 6 Hao, Jiuge Garden, Xinchengqi District, Jingan Minxing District, Shanghai City, China.

 

 

SECRETARY

(As per registry dated 13-08-2011)

 

Name

Address

Co. No.

Hong Kong United Accounting & Secretarial Ltd.

Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong.

0932922

 

 

HISTORY

 

The subject was incorporated on 13th August, 2008 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Huidu International Group (Hongkong) Ltd., name changed to the present style on 11th August, 2009.

Initially the subject was located at Room 506, 5/F., Shun On Commercial Building, 112-114 Des Voeux Road Central, Hong Kong where was the operating address of a commercial service provider Company Kit Registrations Ltd.  The subject’s registered address moved to the present address in August 2009 as it has changed it 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:                           Leather materials, chemicals, coatings, etc.

 

Employees:                   Nil.

 

Commodities Imported:   India, Europe, etc.

 

Markets:                       China, other Asian countries, etc.

 

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

 

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

 

Profit or Loss:                Keeping a balance account in Hong Kong.

 

Condition:                      Business is not active in Hong Kong.

 

Facilities:                      Making fairly active use of general banking facilities.

 

Payment:                      Met trade commitments as required.

 

Commercial Morality:     Satisfactory.

 

Banker:                         Citibank N.A., Shanghai Branch, China.

 

Standing:                      Small.

 

 

GENERAL

 

Having issued 10,000 ordinary shares of HK$1.00 each, Namo & (H.K) Co. Ltd. is jointly owned by Mr. Anandha Kumar, holding 70% interests; and Ms. Zhao Haiyan, holding 30%.  The former is an Indian holding an India passport while the latter is a China businesswoman.  Kumar is the only director of the subject.  Currently, Kumar is residing in Shanghai while Zhao is residing in Nantong City, Jiangsu Province, China.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at Unit D, 16/F., Cheuk Nang Plaza, 250 Hennessy Road, Wanchai, Hong Kong known as Hong Kong United Accounting & Secretarial Ltd. which is handling its correspondences and documents.  This firm is also the corporate secretary of the subject.

The subject has no employees in Hong Kong.

To our knowledge, the subject has had an associated company in Shanghai known as Shanghai Huidu International Trade Co. Ltd. [Huidu] which is operated by Ms. Zhao Haiyan.  Your given phone number 86-513-8750 0708 and fax number 86-513-8750 0706 belong to Huidu.

Established in May 2007 and with a registered capital of RMB500,000 Yuan, Huidu is trading in the following commodities:-

·         Leather Raw Materials

·         Leather Dyestuffs

·         Coatings

·         Chemicals

·         Chemical Agents

etc.

Products are imported from India and European countries, etc.  Prime markets are China and other Asian countries.  The legal representative of Huidu is Ms. Zhao Haiyan.  History in China is over four years.  Business is just fair.

Besides Huidu, the subject has had another associated company in India known as JSR Exim Enterprises (Pvt.) Ltd. [JSR Exim].  JSR Exim is engaged in the same lines of business as Huidu.

It is likely that Huidu deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Huidu also exports commodities to foreign markets under the name of the subject and its registered address in Hong Kong.

The subject’s business in Hong Kong is not very active.

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

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.47

UK Pound

1

Rs.74.96

Euro

1

Rs.65.79

 

 

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.