MIRA INFORM REPORT

 

 

Report Date :           

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CAPITAL  WORLD  CORPORATION  LTD.

 

 

Registered Office :

Flat F, 19/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street / 19‑22 Lan Kwai Fong, Central

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

22.03.2010

 

 

Com. Reg. No.:

52337839

 

 

Legal Form :

Private Limited Company.          

 

 

Line of Business :

Importer and Exporter of Garments, piecegoods, buttons, buckles, zippers, fashion accessories, etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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

 

 Bottom of Form

Company name

 

CAPITAL  WORLD  CORPORATION  LTD.

 

 

Company ADDRESS

 

Flat F, 19/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street / 19‑22 Lan Kwai Fong, Central, Hong Kong.

PHONE:            2851 6992

FAX:                 2851 7170

E-MAIL:            bharat@matsumotiond.com.hk

 

 

MANAGEMENT

 

Managing Director:  Mr. Bharat Gohel

 

 

SUMMARY

 

Incorporated on:             22nd March, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:        Garment Trader.

 

Annual Turnover:            HK$20~25 million  (Including associate)

 

Employees:                   5.  (Including associate)

 

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

 

Banking Relation:     Satisfactory.

Company ADDRESS

 

Registered Head Office:-

Flat F, 19/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street / 19‑22 Lan Kwai Fong, Central, Hong Kong.

 

Associated Companies:-  (Same address)

Matsumoto Industrial Ltd., Hong Kong.

Sonar (HK) Ltd., Hong Kong.  [Business name: Sonar Trading Co.]

 

 

BUSINESS REGISTRATION NUMBER

 

52337839

 

 

COMPANY FILE NUMBER

 

1433579

 

 

MANAGEMENT

 

Managing Director:  Mr. Bharat Gohel

 

 

CAPITAL

 

Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital: HK$1.00

 

 

SHAREHOLDER  

(As per registry dated 22-03-2011)

 

Name

 

No. of share

Bharat GOHEL

 

1

=

 

DIRECTOR    

(As per registry dated 22-03-2011)

 

Name

(Nationality)

 

Address

Bharat GOHEL

Flat F, 19/F., Ho Lee Commercial Building, 38-44 D’Aguilar Street, Central, Hong Kong.

 

 

SECRETARY 

(As per registry dated 22-03-2011)

 

Name

Address

Co. No.

Join Success Consultants Ltd.

Unit C, 7/F., Nathan Commercial Building, 430-436 Nathan Road, Kowloon, Hong Kong.

0786992

 

 

HISTORY

 

The subject was incorporated on 22nd March, 2010 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 and Exporter.

 

Lines:                           Garments, piecegoods, buttons, buckles, zippers, fashion accessories, etc.

 

Employees:                   5.  (Including associate)

 

Commodities Imported:   China and other Asian countries.

 

Markets:                       India, other Asian countries, Middle East, Europe, North America, etc.

 

Annual Turnover:            HK$20~25 million  (Including associate)

 

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

 

Terms/Buying:               As per contracted.

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$1.00

 

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:     Satisfactory.

 

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

 

Standing:                      Small.

 

 

GENERAL

 

Capital World Corporation Ltd. has just issued a single ordinary share of HK$1.00 owned by Mr. Bharat Gohel.  Mr. Bharat Gohel is an Indian who has been in Hong Kong for a very long time.  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 Matsumoto Industrial Ltd. [Matsumoto] located at the same operating office.

The subject and Matsumoto are engaged in the same lines of business, more or less.

The subject is trading in the following commodities:-

Product/Service

Produce/Service Remarks

Piecegoods – Vegetable Fibre

Denim – Cotton, Woven

 

Shirts (Men’s, Women’s and Children’s)

 

Haberdashery

Zipper

Button – Plastic

Button – Metal

Buckle – Plastic

Buckle – Metal

Padding and Pad

Lining and Inter-Lining

 

Fashion Accessories

Ribbon (Cut-Edge)

Lace and Trimming

 

Machinery – Textile and Garment

Sewing Machines and Parts – Household

 

Sewing machine from Japan, China (Importer and Exporter)

 

Most of the commodities are imported from China and Japan.  Prime markets are Asian countries, North America, Europe, the Middle East, etc.

The subject has got an affiliated company located at the same operating address known as Sonar (HK) Ltd. [Sonar].  Operated by Mrs. Ravi Sujanani, Sonar is also an Indian firm engaged in the same lines of business as the subject, more or less.

Sonar is trading in woven and knitted fabrics from China.  These include all types of cotton and cotton blended fabrics such as denim, twill, poplin, corduroy, velour, fleece, etc. as well as other fabrics — polyester, nylon, T/C, acrylic, linen, ramie, rayon, etc. which are exported to various regions, directly to factories for the production of garments for the US market.  In addition, Sonar supplies a comprehensive selection of garment accessories such as zippers, buttons (plastic and metal), rhinestones, embroidery patches, velcro tapes, ribbon, lace, thread, etc.

Sonar is also regularly exporting other items from China such as stuffed plush toys, caps, flags, T-shirt, drop cloth and other promotional items which are specially made to order for the customers.  Sonar is employing about 4 persons.

The annual turnover of the subject and its associates ranges from HK$20 to 25 million.  Business is steady.

As the history of the subject is just about a year and six months in Hong Kong, on the whole, consider it good for normal business engagements on secured basis.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.62

UK Pound

1

Rs.76.68

Euro

1

Rs.66.47

 

 

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.