MIRA INFORM REPORT

 

 

Report Date :

27.09.2011

 

IDENTIFICATION DETAILS

 

Name :

DAILY  BLOOM  LTD.

 

 

Registered Office :

Room 702, 7/F., Hart House, 12-14 Hart Avenue, Tsimshatsui, Kowloon

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

27.01.2011

 

 

Com. Reg. No.:

53829368

 

 

Legal Form :

Private Limited Company.

 

 

LINE OF BUSINESS :

IMPORTER, EXPORTER AND WHOLESALER OF ALL KINDS OF MOBILE PHONES AND ACCESSORIES, ETC.

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

--

NB

                                       New Business

 

--

 

Status :

New Company

Payment Behaviour :

Unknown

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

 

DAILY  BLOOM  LTD.

 

 

ADDRESS:       Room 702, 7/F., Hart House, 12-14 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

PHONE:            5335 4861

 

FAX:                 5382 9368

 

 

MANAGEMENT

 

Managing Director:  Mr. Jawahar Jiffrikhan Mohamed Ali Jinna
(Mobile: 6202 9751)

 

 

SUMMARY

 

Incorporated on:                         27th January, 2011.

 

Organization:                             Private Limited Company.

 

Capital:                                     Nominal:           HK$10,000.00

Issued:              HK$1.00

 

Business Category:                    Importer, Exporter and Wholesaler.

 

Employees:                               2.  (Including affiliate)

 

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

 

Banking Relation:                       Satisfactory.

ADDRESS

 

Registered Head Office:-

Room 702, 7/F., Hart House, 12-14 Hart Avenue, Tsimshatsui, Kowloon, Hong Kong.

 

 

BUSINESS REGISTRATION NUMBER

 

 53829368

 

 

COMPANY FILE NUMBER

 

1556773

 

 

MANAGEMENT

 

Managing Director:  Mr. Jawahar Jiffrikhan Mohamed Ali Jinna

 

 

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 27-01-2011)

 

Name

 

No. of share

GNL11 Ltd., Hong Kong.

 

1

=

 

 

DIRECTOR    

(As per registry dated 08-03-2011)

 

Name

(Nationality)

 

Address

Jawahar Jiffrikhan MOHAMED ALI JINNA

90B, Big Nesavu Street, Kayalpatnam, Thoothukudi Dt., Tamilnadu 628204, India.

 

SECRETARY

(As per registry dated 08-03-2011)

 

Name

Address

Co. No.

Primax Secretaries Ltd.

Unit B, 23/F., North Cape Commercial Building, 388 King’s Road, North Point, Hong Kong.

0693467

 

 

HISTORY

 

The subject was incorporated on 27th January, 2011 as a private limited liability company under the Hong Kong Companies Ordinance.

Initially the subject was located at Room 1001-1004A, 10/F., Champion Building, 287-291 Des Voeux Road Central, Hong Kong where is the operating office of Gateway Registrations Ltd., moved to the present address with effect from 8th March, 2011.

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

 

 

OPERATIONS

 

Activities:                      Importer, Exporter and Wholesaler.

 

Lines:                           All kinds of mobile phones and accessories, etc.

 

Employees:                   2.  (Including affiliate)

 

Commodities Imported:   Europe, China, etc.

 

Markets:                       Asian countries, Middle East, etc.

 

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

 

Terms/Buying:               L/C, T/T, 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$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

 

Daily Bloom Ltd. was founded and owned by GNL11 Ltd. which is a nominee firm in Hong Kong.

The director of the subject Mr. Jawahar Jiffrikhan Mohamed Ali Jinna is an Indian.  Being the only director of the subject, Mohamed Ali Jinna is an India passport holder and does not have the right to reside in Hong Kong permanently.

The subject is trading in all kinds of mobile phones and accessories.  It is carrying GSM/PCS mobile phones and accessories such as “Motorola”, “Nokia”, “Sony Ericsson”, “Samsung”, “LG”, “Sharp”, “Panasonic/NEC”, etc.  It also trades in accessories such as batteries, chargers, iPhones, etc.

The subject has registered with the Office of the Telecommunications Authority [OFTA], The Government of Hong Kong SAR, the People’s Republic of China as a Radio Dealer (Unrestricted) Licensee.  The subject bears the licence No. of RU00145258-RU.

Commodities are imported from Europe and China.  Prime markets are Asian countries, Middle East, etc.  Business is still under development.

The subject’s business is chiefly handled by Mohamed Ali Jinna who can be reached at his mobile phone number 6202 9751.

On the whole, since the history of the subject is short in Hong Kong, consider it good for normal business engagements on L/C 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.