MIRA INFORM
REPORT
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Report Date : |
10.04.2012 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
c/o Sharrow
Ltd., |
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Country : |
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Date of Incorporation : |
22.01.2008 |
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Com. Reg. No.: |
38895738 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer, Exporter and Wholesaler of Aquatic products, etc. |
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No. of Employees
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Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
SIAM CANADIAN (ASIA)
LTD.
c/o Sharrow Ltd.
Suite 2302, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong.
PHONE: 2525 9991
FAX: 2877 6852
Managing Director: Mr. James Peter Gulkin
Incorporated on: 22nd January, 2008.
Organization: Private Limited Company.
Capital: Nominal: HK$10,000.00
Issued: HK$10,000.00
Business Category: Importer, Exporter and Wholesaler.
Employees: Nil.
Main Dealing Banker: The Hongkong & Shanghai Banking Corp. Ltd., Hong Kong.
Banking Relation: Satisfactory.
Registered Head Office:-
c/o Sharrow Ltd.
Suite 2302, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong.
Holding Company:-
Siam Canadian Group Ltd., British Virgin Islands.
Associated Companies:-
Siam Canadian (China) Ltd., China.
Siam Canadian (India) Ltd., India.
Siam Canadian (Indonesia) Ltd., Indonesia.
Siam Canadian Foods Co. Ltd., Thailand.
Siam Canadian Group Ltd., Thailand.
38895738
1205879
Managing Director: Mr. James Peter Gulkin
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 22-01-2012)
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Name |
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No. of shares |
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Siam Canadian Group Ltd. Portcullis TrustNet Chambers, P.O. Box 3444, Road Town, Tortola, British Virgin Islands. |
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10,000 ===== |
(As per registry
dated 22-01-2012)
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Name (Nationality) |
Address |
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James Peter GULKIN |
62/24 Prompak Place, Sukhumvit 49/6, Klongton Nua, Wattana, Bangkok 10110, Thailand. |
(As per registry
dated 22-01-2012)
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Name |
Address |
Co.
No. |
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Sharrow Ltd. |
Suite 2302, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong. |
0288438 |
The subject was incorporated on 22nd January, 2008 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.
Activities: Importer, Exporter and Wholesaler.
Lines: Aquatic products, etc.
Employees: Nil.
Commodities Imported: Europe, Asian countries, South America, etc.
Markets: Asian countries, Europe, etc.
Terms/Sales: L/C, T/T, etc.
Terms/Buying: L/C, T/T, etc.
Nominal Share Capital: HK$10,000.00 (Divided into 10,000 shares of HK$1.00 each)
Issued Share Capital: HK$10,000.00
Profit or Loss: Keeping a balance account in Hong Kong.
Condition: Business is not active in Hong Kong.
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.
Siam Canadian (Asia) Ltd. is a wholly-owned subsidiary of Siam Canadian Group Ltd. [Siam Canadian] which is a BVI-registered firm. The only director of the subject Mr. James Peter Gulkin is a Canada passport holder and does not have the right to reside in Hong Kong permanently. Most of the time he is residing in Bangkok, Thailand.
The subject does not have its own operating office. Its registered office is in a commercial service firm located at Suite 2302, 23/F., Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong known as Sharrow 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 headquarters of Siam Canadian are in Bangkok, Thailand. From modest beginnings in Thailand in 1987, Siam Canadian started off as a small trading company specialized in food products. It was during this time that Thailand’s seafood industry was entering a period of dynamic growth, fuelled by the rapid expansion of aqua cultured shrimp.
In 1992, Siam Canadian opened its first overseas branch in Vietnam. It continued to grow its procurement network and expand its operations by subsequently opening additional offices in China, India and Indonesia. Siam Canadian currently maintains 8 offices across Asia and additionally procures product from Malaysia, Korea and Bangladesh.
Siam Canadian later added the International Trading Division to its Bangkok headquarters to facilitate procurement of products from other countries where Siam Canadian does not maintain its own offices, particularly in South America countries including Argentina, Peru, Brazil, North America and Europe.
Its range of products from its diverse geographical locations ensures that its buyers can truly use us as a “One Stop Shop”, covering all their needs from multiple sources through a single channel. Its offices across Asia together with its strong presence in other countries provides Siam Canadian the ability to market good quality food products which covers hundreds of different frozen seafood items.
Siam Canadian sells to importers in over 70 countries on 6 continents. Your given enquiry Siam Canadian (India) Ltd. is one of the associated companies of Siam Canadian.
The history of the subject in Hong Kong is over four years and two 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.51.28 |
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UK Pound |
1 |
Rs.81.38 |
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Euro |
1 |
Rs.67.01 |
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.