MIRA INFORM REPORT

 

 

Report Date :

22.09.2011

 

IDENTIFICATION DETAILS

 

Name :

GINNI  INTERNATIONAL

 

 

Registered Office :

Room 1602-1604, 16/F., Rightful Centre, 12 Tak Hing Street, Jordan, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

16.05.1996

 

 

Com. Reg. No.:

19868295-000-05

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Importer, Exporter and Wholesaler of all kinds of watches, clocks, calculators, electric products, mobile phones, 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 :

No Complaints

 

 

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 and address

 

GINNI  INTERNATIONAL

 

 

ADDRESS:       Room 1602-1604, 16/F., Rightful Centre, 12 Tak Hing Street, Jordan, Kowloon, Hong Kong.

 

PHONE:            2366 3909

 

FAX:                 2366 0063

 

E-MAIL:                        prem@hkstar.com

 

 

MANAGEMENT

 

Manager:  Mr. Prem Chimanlal Ahuja

 

 

SUMMARY

 

Establishment:                          16th May, 1996.

 

Organization:                 Sole Proprietorship.

 

Capital:                         Not disclosed.

 

Business Category:        Importer, Exporter and Wholesaler.

 

Employees:                    8.

 

Main Dealing Banker:     The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.

 

Banking Relation:           Satisfactory.

ADDRESS

 

Head Office:-

Room 1602-1604, 16/F., Rightful Centre, 12 Tak Hing Street, Jordan, Kowloon, Hong Kong.

 

Associated Factory in China:-

Dongguan Huiying Plastic Co., China.

 

Associated Company:-

Ginni International Ltd., Hong Kong.  (Same address)

 

 

BUSINESS REGISTRATION NUMBER

 

19868295-000-05

 

 

MANAGEMENT

 

Manager:  Mr. Prem Chimanlal Ahuja

 

 

SOLE PROPRIETOR

 

Name:  Prem Chimanlal AHUJA

Residential Address:      Flat B1, 14/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong.

 

 

HISTORY

 

The subject was established on 16th May, 1996 as a sole proprietorship concern owned by Mr. Prem Chimanlal Ahuja under the Hong Kong Business Registration Regulations.

Initially the subject was located at Flat B1, 14/F., Mirador Mansion, 58 Nathan Road, Tsimshatsui, Kowloon, Hong Kong, moved to Flat D1, 14/F. of the same building in May 1999, and further moved to the present address in January 2003.

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

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of watches, clocks, calculators, electric products, mobile phones, etc.

 

Employees:                   8.

 

Commodities Imported:   China, other Asian countries, etc.

 

Markets:                       Southeast Asia, Middle East, Western Europe, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

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

 

 

FINANCIAL INFORMATION

 

Capital:                         Not disclosed.

 

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:                      Small.

 

 

GENERAL

 

Ginni International is a is a sole proprietorship set up and owned by Mr. Prem Chimanlal Ahuja who is 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 Ginni International Ltd. [GIL] located at its operating address.  The subject and GIL are engaged in the same lines of business.  Also owned by Ahuja, GIL was incorporated in May 2001.

The subject is trading in the following commodities:-

Clock – Quartz Analogue

Watch – Quartz Analogue

Solar Generated Products and Cells (Calculators)

Calculators

Integrated Circuit [IC]

Hi-Fi, DVD Players, etc.

In Hong Kong, GIL has registered the following trade marks with the Hong Kong SAR Government: “SuNTIME”, “ST SONITEC”, “GOLDTIME”, “TIMESTAR”, “REFORM NEW FASHION WATCHES”, “Bentini”, “C D Charles Dumont”, “Samstar”, “KIDDY”, “XENON”, “Vanis”, “Plasma SUPERIOR”, “L & J Collection”, “Black Mount”, “MAPLE”, “Cheer”, “Philux”, “E Everon Collection”, “Everon”, “D Desert Time”, “Super Time”, “AWARI”, “Sajiko S”, “Jonchn Safety”, “Mitsu”, etc.

Most of the commodities are sourced from China and other Asian countries.  Prime markets are Japan, Southeast Asia, the Middle East, Western Europe, North America, etc.  Business is rather active.

In recent years, the subject has set up an associated factory in Dongguan known as Dongguan Huiying Plastic Co.  This firm is engaged in manufacturing electric products such as speakers.  Brand carried is “LECXO”.

In the years ahead, the subject is going to diversify its business to mobile phones.  The business of mobile phone is still under development.

The business of the subject is chiefly administered by Ahuja himself.

As the history of the subject is over fifteen years in Hong Kong, on the whole, consider it good for normal business engagements.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.89

UK Pound

1

Rs.75.31

Euro

1

Rs.65.63

 

 

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.