MIRA INFORM REPORT
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Report Date : |
20.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL
SKY INDUSTRIES LTD. |
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Registered Office : |
c/o Companies Registrations & Secretary Ltd., Room 1701(340), 17/F., Henan Building, 90 Jaffe Road, Wanchai |
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Country : |
Hong Kong |
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Date of Incorporation : |
25.02.2004 |
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Com. Reg. No.: |
35550305 |
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Legal Form : |
Private Limited Company. |
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Line of Business : |
Importer, Exporter and Wholesaler of all kinds of knitted ladies’ garments, etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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
GLOBAL SKY INDUSTRIES LTD.
Company ADDRESS
c/o Companies Registrations & Secretary Ltd.
Room 1701(340), 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong.
PHONE: 5804 2046
FAX: 3115 8812
Note: The subject is not located at your given address “Room 230-3, Wayson Comm Building No. 28
Connaught Road, W Sheung Wan” as there are mistakes in it.
MANAGEMENT
Managing Director: Mr. Sabri Omar Abdullah Abdat
SUMMARY
Incorporated on: 25th February, 2004.
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 Companies Registrations & Secretary Ltd.
Room 1701(340), 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong.
Associated Company:-
Guangzhou Global Sky Industries Ltd.
Room 301, Vice Sui Feng Building, 75 Xianlie Zhong Road, Guangzhou, Guangdong Province, China.
[Tel: 86-20-3758 9840]
BUSINESS REGISTRATION NUMBER
35550305
COMPANY FILE NUMBER
0884666
MANAGEMENT
Managing Director: Mr. Sabri Omar Abdullah Abdat
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
SHAREHOLDER
(As per registry
dated 25-02-2011)
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Name |
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No. of shares |
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Sabri Omar Abdullah ABDAT |
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10,000 ===== |
DIRECTOR
(As per registry
dated 25-02-2011)
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Name (Nationality) |
Address |
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Sabri Omar Abdullah ABDAT |
Babsharif, Albald Street, Jeddah, Saudi Arabia. |
SECRETARY
(As per registry
dated 25-02-2011)
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Name |
Address |
Co.
No. |
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Companies Registrations & Secretary Ltd. |
Room 1701, 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong. |
1303515 |
HISTORY
The subject was incorporated on 25th February, 2004 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 knitted ladies’ garments, etc.
Employees: Nil.
Materials/Commodities: Imports raw materials from European countries, some Asian countries and finished
products from China.
Markets: Southeast Asia, the Middle East, Africa, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, D/P, O/A, 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: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having issued 10,000 ordinary shares of HK$1.00 each, Global Sky Industries Ltd. is wholly-owned by Mr. Sabri Omar Abdullah Abdat who is a Republic of Yemen passport holder. He is also the only director of the subject.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Room 1701(340), 17/F., Henan Building, 90 Jaffe Road, Wanchai, Hong Kong known as Companies Registrations & Secretary 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.
The subject has had an associated company known as Guangzhou Global Sky Industries Ltd. [GS] which is in Baiyun District, Guangzhou, Guangdong Province, China. GS and the subject are engaged in the same lines of business.
Founded in 2001 in Guangzhou, China and with a registered capital of RMB1 million Yuan, GS is trading in all kinds of garments especially knitted ladies’ garments. Besides garments, GS also trades in auto-parts, hardware, etc. Products are exported to Southeast Asia, the Middle East, Africa, etc. Every month GS exports about 30 containers to foreign markets. The business of GS is administered by Mr. Sabri Omar Abdullah Abdat himself. The annual sales turnover of GS is over RMB100 million Yuan. Making a small profit every year.
It is likely that GS deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong. GS 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.79 |
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UK Pound |
1 |
Rs.75.06 |
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Euro |
1 |
Rs.65.35 |
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.