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Report Date : |
02.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
TATA SOUTH-EAST ASIA LTD. |
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Formerly Known As : |
Tata Exports South-East Asia Ltd. |
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Registered Office : |
Unit 6-8, 25/F., |
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Country : |
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Date of Incorporation : |
22.09.1992 |
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Com. Reg. No.: |
16128131 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Textiles, garments, automotive products, engineering spares, chemical and allied products, fish and food products, carpets, leather garments, footwear and leather articles (such as bags, wallets and pouches, briefcases), bicycles and bicycle parts, electrical and electronic products, agro commodities, etc. |
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No. of Employees : |
18 |
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 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
TATA SOUTH-EAST ASIA LTD.
Unit 6-8, 25/F., Enterprise Square 2, 3 Sheung Yuet Road,
Kowloon Bay, Kowloon, Hong Kong.
PHONE: 2272 5400, 2751 9747,
2751 1802, 2624 9521
FAX: 2759 6332, 2754 6672,
2755 5806
E-MAIL: agoel@tatahk.com
General Manager: Mr. Ashwani
Kumar Goel
Incorporated on: 22nd
September, 1992.
Organization: Private
Limited Company.
Capital: Nominal: HK$16,000,000.00
Issued: HK$8,510,700.00
Business Category: Marketing Office.
Employees:
18.
Main Dealing Bankers: State Bank of India, Hong Kong Branch.
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head
Office:-
Unit 6-8, 25/F., Enterprise Square 2, 3 Sheung Yuet Road, Kowloon Bay,
Kowloon, Hong Kong.
Representative
Offices:-
Dongguan
Room 13A16, Winner Way Edifice, 1 Winnerway Road, Nancheng District, Dongguan
City, Guangdong Province, China 523087.
Tel: 86-769-8707 1190
Fax: 86-769-8707 1191
E-mail: suvarup@tatachina.com
Shanghai
Unit A, 17/F., Jiu Shi Yin Mansion, 918 Huai Hai Zhong Road, China 200020.
Tel: 86-21-6415 9773
Fax: 86-21-6415 7929
E-mail: raymond@tatachina.com
Vietnam
7/F., Opera Business Center, 60 Ly Thai To Street, Hoan Kiem, Hanoi, Vietnam.
Tel: 81-973-633 476
Email: rpant@tatainternational.com
Parent Company:-
Tata International Ltd.
Block A, Shivsagar Estates, Dr. Annie Besant Road, Worli,
Mumbai 400 018, India.
[Tel: 91-22-6665 2200-10; Fax:
91-22-6661 2833]
Associated/Affiliated
Companies:-
Tata Group of
Companies
Advinus Therapeutics Pvt. Ltd., India.
Casa Décor Pvt. Ltd., India.
CMC Ltd., India.
Consilience Technologies (Pty) Ltd., South Africa.
Drive India Enterprise Solution Ltd., India.
Hooghly Met Coke and Power Co. Ltd., India.
Infiniti Retail Ltd., India.
Jamipol Ltd., India.
Jamshedpur Utilities and Services Co. Ltd., India.
Landmark Ltd., India.
Mjunction Services Ltd., India.
Natsteel Holdings Pte. Ltd., Singapore.
Nelco Ltd., India.
Nelito Systems Ltd., India.
Powerlinks Transmission Ltd., India.
Rallis India Ltd., India.
Roots Corporation Ltd., India.
Taj Air Ltd., India.
TAL Manufacturing Solutions Ltd., India.
Tata (UAE) FZE, UAE.
Tata (Zimbabwe) Pvt. Ltd., Zimbabwe.
Tata Advanced Materials Ltd., India.
Tata Advanced Systems, India.
Tata Africa Holdings (SA) Pty. Ltd., South Africa.
Tata Africa Ltd., Africa.
Tata AG, Switerland.
Tata AIG General Insurance Co. Ltd., India.
Tata AIG Life Insurance Co. Ltd., India.
Tata Asset Management Ltd., India.
Tata AutoComp. Systems Ltd., India.
Tata BlueScope Steel Ltd., India.
Tata BP Solar India Ltd., India.
Tata Business Support Services Ltd., India.
Tata Capital Ltd., India.
Tata Ceramics Ltd., India.
Tata Chemicals Europe Ltd., UK.
Tata Chemicals Ltd., India.
Tata Chemicals Megadi Ltd., Kenya.
Tata Chemicals North America Inc., USA.
Tata Coffee Ltd., India.
Tata Communications Ltd., India.
Tata Consultancy Services Ltd., India.
Tata Consulting Engineers Ltd., India.
Tata Cummins Ltd., India.
Tata Daewoo Commercial Vehicle Co. Ltd., South Korea.
Tata DOCOMO Ltd., India.
Tata Elxsi Ltd., India.
Tata Engineering Ltd., India.
Tata Engineering Services (Pte) Ltd., Singapore.
Tata Enterprises (Overseas) AG, Switzerland.
Tata Financial Services, India.
Tata Ghana Ltd., Ghana.
Tata Global Beverages Ltd., India.
Tata Holdings (Tanzania) Ltd., Tanzania.
Tata Holdings Mocambique Limitada., Mocambique.
Tata Housing Development Co. Ltd., India.
Tata Inc., USA.
Tata Industrial Services Ltd., India.
Tata Industries Ltd., India.
Tata Information Technology (Shanghai) Co. Ltd., China.
Tata Interactive Systems, India.
Tata International (Australia) Pty. Ltd., Australia.
Tata International (Thailand) Ltd., Thailand.
Tata International (UK) Ltd., UK.
Tata International AG, Switzerland.
Tata International DLT Pvt. Ltd., India.
Tata International Ltd., Bangladesh.
Tata International Ltd., India.
Tata International Ltd., Nepal.
Tata International Ltd., Saudi Arabia.
Tata International Ltd., Singapore.
Tata International Ltd., Sri Lanka.
Tata Investment Corporation Ltd., India.
Tata Ltd., UK.
Tata Metaliks Ltd., India.
Tata Motors European Technical Centre PLC., UK.
Tata Motors Ltd., India.
Tata Nambia (Pty) Ltd., Nambia.
Tata NYK Shipping Pte. Ltd., Singapore.
Tata Petrodyne Ltd., India.
Tata Pigments Ltd., India.
Tata Power Co. Ltd., India.
Tata Power Delhi Distribution Ltd., India.
Tata Power Trading Co. Ltd., India.
Tata Precision Industries (India) Ltd., India.
Tata Precision Industries (UK) Ltd., UK.
Tata Precision Industries Pte. Ltd., Singapore.
Tata Projects Ltd., India.
Tata Quality Management Services Ltd., India.
Tata Realty and Infrastructure Ltd., India.
Tata Ryerson Ltd., India.
Tata Serivces Ltd., India.
Tata Sky Ltd., India.
Tata Sons Ltd., India.
Tata Sons Ltd., USA.
Tata South Africa Holdings (SA) (Pty) Ltd., South Africa.
Tata South-East Asia Ltd., China.
Tata South-East Asia Ltd., Indonesia.
Tata South-East Asia Ltd., Thailand.
Tata Sponge Iron Ltd., India.
Tata SSL Ltd., India.
Tata Steel Europe Ltd., UK
Tata Steel KZN (Pty) Ltd., South Africa.
Tata Steel Ltd., India.
Tata Steel Processing and Distribution Ltd., India.
Tata Tea Inc., USA.
Tata Tea Ltd., India.
Tata Technologies Ltd., India.
Tata Teleservices (Maharashtra) Ltd., India.
Tata Teleservices Ltd., India.
Tata Uganda Ltd., Uganda.
Tata West Asia FZE, UAE.
Tata Zambia Ltd., Zambia.
Tayo Rolls Ltd., India.
Telco Construction Equipment Co. Ltd., India.
The Indian Hotels Co. Ltd., India.
Tinplate Co. of India Ltd., India.
Titan Industries Ltd., India.
TM International Logistics Ltd., India.
TML Drivelines Ltd., India.
Trent Ltd., India.
TRF Ltd., India.
TRL Krosaki Refractories Ltd., India.
Voltas Ltd., India.
Westland Ltd., India.
etc.
16128131
0380751
President: Mr. Hoshie Hirji
Malgham
General Manager: Mr. Ashwani
Kumar Goel
Nominal Share Capital: HK$16,000,000.00 (Divided into 1,600,000 shares
of HK$10.00 each)
Issued Share Capital: HK$8,510,700.00
(As per registry dated 22-09-2011)
|
Name |
|
No. of shares |
|
Hoshie Hirji MALGHAM |
|
4 |
|
Tata International Ltd. Block A, Shivsagar Estates, Dr. Annie Besant Road, Worli,
Bombay 400 018, India. |
|
851,066 |
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|
|
––––––– |
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Total: |
851,070 ====== |
(As per registry dated 22-09-2011)
|
Name (Nationality) |
Address |
|
Raman DHAWAN |
28A, Third Street, Houghton, 2198, Johannesburg, South Africa. |
|
Ajay Murlidhar PONKSHE |
3 Yashodhan, Sahayog Mandir Road, Naupada, Thane 400602, India. |
|
Opender Kumar KAUL |
102B Vaibhav Nagar, Kannadia Road, Indore, Madhaya Pradesh, India. |
(As per registry dated 22-09-2011)
|
Name |
Address |
Co. No. |
|
Sekots Secretarial Services Ltd. |
16/F. - 19/F., Prince’s Building, 10 Chater Road, Central, Hong Kong. |
0028739 |
The subject was incorporated on 22nd September, 1992 as a private
limited liability company under the Hong Kong Companies Ordinance.
It was originally registered under the name of Tata Exports South-East Asia
Ltd., name changed to the present style on 16th July, 1997.
Formerly the subject was located at Unit 13, 9/F., Po Lung Centre, 11
Wang Chiu Road, Kowloon Bay, Kowloon, Hong Kong, moved to Room 1010, 10/F.,
Enterprise Square, Tower III, 9 Sheung Yuet Road, Kowloon Bay, Kowloon,
Hong Kong in May 1997; and further moved to the present address in
September 2002.
Apart from these, neither material change nor amendment has been ever
traced and noted.
Activities: Importer,
Exporter and Wholesaler.
Lines: Textiles,
garments, automotive products, engineering spares, chemical and allied
products, fish and food products, carpets, leather garments, footwear and
leather articles (such as bags, wallets and pouches, briefcases), bicycles and
bicycle parts, electrical and electronic products, agro commodities, etc.
Employees: 18.
Commodities Handled: Imported from India, China, etc.
Markets: Hong
Kong, China, India, other Asian countries, etc.
Terms/Sales:
As per contracted.
Terms/Buying: As
per contracted.
The Hong Kong General Chamber of Commerce,
Hong Kong.
[Membership No. HKT0551]
The Indian Chamber of Commerce Hong Kong,
Hong Kong.
Nominal Share Capital: HK$16,000,000.00 (Divided
into 1,600,000 shares of HK$10.00 each)
Issued Share Capital: HK$8,510,700.00
Alternation of Capital:-
|
Initially |
paid up |
HK$ 1,934,250.00 |
|
16-06-1997 |
paid up |
HK$ 5,802,750.00 |
|
20-03-2005 |
paid up |
HK$ 773,700.00 |
|
|
|
––––––––––––––– |
|
Total: |
paid up |
HK$ 8,510,700.00 ============== |
Increases of Nominal Capital:-
|
From |
HK$2,000,000.00 |
to |
HK$
8,000,000.00 |
on |
16-06-1997 |
|
From |
HK$8,000,000.00 |
to |
HK$16,000,000.00 |
on |
20-03-2005 |
Mortgage or Charge:-
Date of Letter of
Set Off & Appropriation: 27-09-2010
Amount: Advances and other banking
facilities
Property: Deal No.: 163754
Date: 07-06-2010
Amount: US$250,000.00
Due Date: 06-06-2011
Mortgagee: Bank of India, Hong Kong Branch.
Profit or Loss: Making a small profit every year.
Condition:
Business is
active and steady.
Facilities:
Making active
use of general banking facilities.
Payment: So
far so good.
Commercial Morality: Satisfactory.
Bankers:-
State Bank of India, Hong Kong Branch.
The Hongkong & Shanghai Banking Corp.
Ltd., Hong Kong.
BNP Paribas, Hong Kong Branch.
Bank of India, Hong Kong Branch.
Shanghai Commercial Bank Ltd., Hong Kong.
MeesPierson N.V., Hong Kong Branch.
Standing: Good.
Tata South-East Asia Ltd., previously known as Tata Exports South-East
Asia Ltd., is a wholly-owned overseas subsidiary of Tata International Ltd.
[Tata International] which is a publicly listed company in India.
The subject, set up in Hong Kong in September 1992, is responsible for
exporting commodities to Southeast Asia, Africa, Central & South America
and the other countries on behalf of its parent company.
At present, the subject is trading in the following commodities:-
·
Yarn – Vegetable Fibre (From India)
·
Shoes – Leather (From China)
·
Tableware – Glass (From China)
·
Tableware – Metal (From China)
·
Tableware – Plastic (From China)
·
Tableware – Porcelain / Ceramic / Stone (From
China)
·
Tableware – Wooden (From China)
·
Motor Vehicles
·
Leather (From India)
·
Non-Ferrous Metal (From China and India)
The subject has had representative offices in Dongguan City and Shanghai
of China, as well as in Vietnam.
Tata International, renamed from Tata Exports Ltd. on 3rd March, 1998,
is a well-established, reputed and significant company in India. It is also a remarkable member of the Tata
Group.
Tata Group operates in seven business sectors: Communications &
Information Technology, Engineering, Materials, Services, Energy, Consumer Products
and Chemicals. They are, by and large,
based in India and have significant international operations.
The total revenue of Tata Group, taken together, was US$83.3 billion
(around Rs 3,796.75 billion) in 2010-11, with 58% of this coming from business outside
India. Tata Group employs over 425,000
people worldwide. The Tata name has been
respected in India for 140 years for its adherence to strong values and
business ethics.
Every Tata company or enterprise operates independently. Each of these companies has its own board of
directors and shareholders, to whom it is answerable. There are 31 publicly listed Tata enterprises
and they have a combined market capitalisation of some US$92.46 billion (as at
9th February, 2012), and a shareholder base of 3.6 million.
The major activities of Tata Group are Tata Steel, Tata Motors, Tata
Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages,
Tata Teleservices, Titan, Tata Communications and Indian Hotels.
Tata Steel is among the top ten steelmakers, and Tata Motors is among
the top five commercial vehicle manufacturers, in the world. TCS is a leading
global software company, with delivery centres in the United States, the United
Kingdom, Hungary, Brazil, Uruguay and China, besides India. Tata Global Beverages is the second-largest
player in tea in the world. Tata
Chemicals is the world’s second-largest manufacturer of soda ash and Tata
Communications is one of the world’s largest wholesale voice carriers.
In tandem with the increasing international footprint of Tata Group, the
“Tata” brand is also gaining international recognition. Brand Finance, a UK-based consultancy firm,
valued the “Tata” brand at US$15.75 billion in 2011 and ranked it 41st
among the world’s 100 most valuable brands. BusinessWeek
magazine ranked Tata 17th among the “50 Most Innovative Companies” list and the
Reputation Institute, the United States, in 2009 rated it 11th on its list of
the world’s most reputable companies.
Going forward, Tata is focusing on new technologies and innovation to
drive its business in India and internationally. The Nano car is one example, as is the Eka
supercomputer (developed by another Tata company), which in 2008 was ranked the
world’s fourth fastest. Anchored in
India and wedded to traditional values and strong ethics, Tata Group are
building multinational businesses that will achieve growth through excellence
and innovation, while balancing the interests of shareholders, employees and
civil society.
Besides the subject in Hong Kong, Tata’s other wholly-owned subsidiaries
are in South Africa, Zambia, Zimbabwe, Namibia, Mozambique, Uganda, Tanzania,
Ghana, and the United Arab Emirates.
Offices have been set up in Thailand, Bangladesh, Oman, Cyprus, Russia,
the United Kingdom and China.
As one of India’s leading global trading companies, Tata is recognized
by the Government of India as a “Golden Super Star Trading House”. In total, Tata International exports about
80% of its commodities to foreign countries every year.
In Hong Kong, the subject’s business is chiefly handled by Mr.
Ashwani Kumar Goel who is an Indian.
On the whole, in view of the parentage and background of the subject,
consider it good for normal business engagements.
Property information of the company:-
Property Location: Units
6, 7 & 8 on 25/F. and Parking Spaces Nos. P6, P7 & P11 on 5/F.,
Enterprise Square 2, 3 Sheung Yuet Road, Kowloon Bay, Kowloon, Hong Kong.
Owner: Tata South-East Asia Ltd.
Date of Purchase: n.a.
Purchased Price: n.a.
Incumbrances:-
|
Date of Mortgage |
Amount Consideration |
Mortgagee |
Nature |
|
30-10-2001 |
- |
The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong. |
Mortgage to secure general banking facilities |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.16 |
|
|
1 |
Rs.81.72 |
|
Euro |
1 |
Rs.68.34 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.