MIRA INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
GOOD
GROUP LTD. |
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Registered Office : |
c/o Buttar.HK Ltd., Unit G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon |
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Country : |
Hong Kong |
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Date of Incorporation : |
02.07.2011 |
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Com. Reg. No.: |
58598304 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler
of all kinds of mobile phones and accessories, etc |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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---- |
NB |
New Business |
---- |
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Status : |
New Company |
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Payment
Behaviour : |
Unknown |
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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
|
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
GOOD GROUP
LTD.
Company ADDRESS
c/o Buttar.HK Ltd.
Unit G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
PHONE: 2312 0148
FAX: 2375 6513
MANAGEMENT
Managing Director: Mr. Moinuddin Naseeruddin
SUMMARY
Incorporated on: 2nd July, 2011.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$1.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Too early to comment.
Company ADDRESS
Registered Head Office:-
c/o Buttar.HK Ltd.
Unit G, 1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong Kong.
BUSINESS REGISTRATION NUMBEr
58598304
COMPANY FILE NUMBER
1624863
MANAGEMENT
Managing Director: Mr. Moinuddin Naseeruddin
CAPITAL
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
SHAREHOLDERS
(As per registry
dated 06-07-2011)
|
Name |
|
No.
of shares |
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GNL11
Ltd., Hong Kong. |
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1 |
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Moinuddin NASEERUDDIN |
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9,999 |
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|
–––––– |
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Total: |
10,000 ===== |
DIRECTOR
(As per registry
dated 06-07-2011)
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Name (Nationality) |
Address |
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Moinuddin
NASEERUDDIN |
Old No. 22, New No. 24, Unnis Ali Sahib
Street, Ellis Road, Chennai 600002, Tamilnadu, India. |
SECRETARY
(As per registry
dated 06-07-2011)
|
Name |
Address |
Co.
No. |
|
Buttar.HK
Ltd. |
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan,
Kowloon, Hong Kong. |
0975326 |
HISTORY
The
subject was incorporated on 2nd July, 2011 as a private limited liability
company under the Hong Kong Companies Ordinance.
Formerly
the subject’s registered address was located at Room 1001-1004A, 10/F.,
Champion Building, 287-291 Des Voeux Road Central, Hong Kong where is the
operating address of GNL11 Ltd., a nominee firm owned by a commercial service
provider located at the same address.
The subject moved to the present address with effect from 6th July,
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: Nil.
Commodities Imported: China, Europe, India, etc.
Markets: Asian countries, Middle East, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, pre-payment, etc.
FINANCIAL INFORMATION
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$1.00
Alternation of Capital:-
|
02-07-2011 |
paid up |
HK$ 1.00 |
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06-07-2011 |
paid up |
HK$ 9,999.00 |
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––––––––––––– |
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Total: |
paid up |
HK$ 10,000.00 ============ |
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: Too early to comment.
Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Standing: Small.
GENERAL
Having
issued 10,000 ordinary shares of HK$1.00 each, Good Group Ltd. is wholly owned
by Mr. Moinuddin Naseeruddin who is an Indian.
He is an India passport holder and does not have the right to reside in
Hong Kong permanently.
The
subject does not have its own operating office.
Its registered office is in a commercial service firm located at Unit G,
1/F., Mau Lam Commercial Building, 16-18 Mau Lam Street, Jordan, Kowloon, Hong
Kong known as Buttar.HK 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 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.
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 RU00147771-RU.
It
is likely that the subject has got an associated company in India which is also
operated by Naseeruddin. The India firm
is also a mobile phone trader.
It
is likely that the India firm deals with foreign parties under the name of the
subject and let foreign firms correspond with the subject’s registered address
in Hong Kong. The India firm 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 active.
History in Hong Kong is just over two months.
Since
the subject does not have its own operating office, history is short 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.49.62 |
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UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.66.47 |
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.