MIRA INFORM
REPORT
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Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUNSHINE
INTERNATIONAL IMPORT &
EXPORT (HK) CO.
LTD. |
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|
|
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Registered Office : |
c/o Korchina
TNC Ltd., Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road,
Tsimshatsui, |
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Country : |
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Date of Incorporation : |
08.07.2010 |
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Com. Reg. No.: |
52570859 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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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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Status : |
No operating office in Hong Kong |
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Payment
Behaviour : |
Unknown |
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Litigation : |
--- |
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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Hong Kong |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
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 |
SUNSHINE INTERNATIONAL IMPORT & EXPORT (HK) CO. LTD.
Registered Office:-
c/o Korchina TNC Ltd.
Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road, Tsimshatsui, Kowloon, Hong Kong.
[Tel: 3913 9502; Fax: 2170 1902]
52570859
1477665
8th July, 2010.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
(As per registry
dated 08-07-2011)
|
Name |
|
No. of shares |
|
Sanjay BUDHWANI |
|
5,000 |
|
Surender DASWANI |
|
5,000 |
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|
|
–––––– |
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Total: |
10,000 ===== |
(As per registry
dated 08-07-2011)
|
Name (Nationality) |
Address |
|
Sanjay BUDHWANI |
1322-25 Nr. Radha Swami Satsang Bhawan, Issai Mohalla, Bhagwan Ganj Ajmer, Rajasthan, India. |
|
Surender DASWANI |
275, Sindhi Colony, Raja Park, Jaipur, Rajasthan, India. |
(As per registry
dated 08-07-2011)
|
Name |
Address |
Co.
No. |
|
Korchina TNC Ltd. |
Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road, Tsimshatsui, Kowloon, Hong Kong. |
0846604 |
Sunshine International Import & Export (HK) Co. Ltd. was incorporated on 8th July, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Unit 706, 7/F., South Seas Centre, Tower 2, 75 Mody Road, Tsimshatsui, Kowloon, Hong Kong known as Korchina TNC 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.
According to the Companies Registry of Hong Kong, the subject has issued 10,000 ordinary shares of HK$1.00 each which are equally owned by Mr. Sanjay Budhwani and Mr. Surender Daswani, both of whom are Indian. They are India passport holders and do not have the right to reside in Hong Kong permanently.
The subject’s lines of business are unknown since the secretarial firm also does not know any information about its activities. No information of the subject can be obtained from our secondary sources. The two shareholders cannot be reached as they are in India.
The subject may have got an associated company in India which is also operated by Budhwani and Daswani. 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 history of the subject in Hong Kong is just over a year and nine months.
Since the subject does not have its own operating office 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.51.16 |
|
UK Pound |
1 |
Rs.81.79 |
|
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 |
|
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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.