MIRA INFORM REPORT

 

 

Report Date :           

12.04.2012

 

IDENTIFICATION DETAILS

 

Name :

GREEN  ENERGY  COMMODITIES  LTD.

 

 

Formerly Known As :

Field Great Ltd

 

 

Registered Office :

c/o Crisp Business Services (HK) Ltd., 9/F., Spa Centre, 55 Lockhart Road, Wanchai

 

 

Country :

Hong Kong

 

 

Date of Incorporation :

12.04.2010

 

 

Com. Reg. No.:

52298409

 

 

Legal Form :

Private Limited Company.

 

 

Line of Business :

Importer and Exporter of all kinds of agricultural tools, soil cultivating machinery, etc.

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

No Operating Office in Hong Kong

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

 

GREEN  ENERGY  COMMODITIES  LTD.

 

 

Company ADDRESS

 

c/o Crisp Business Services (HK) Ltd.

9/F., Spa Centre, 55 Lockhart Road, Wanchai, Hong Kong.

PHONE:            2572 1731

FAX:                 3747 3375

 

 

MANAGEMENT

 

Managing Director:  Mr. Satharai Raghavan Ekambaram

 

 

SUMMARY

 

Incorporated on:             12th April, 2010.

 

Organization:                 Private Limited Company.

 

Capital:                         Nominal:           HK$20,000.00

Issued:              HK$20,000.00

 

Business Category:        Importer and Exporter.

 

Employees:                   Nil.

 

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

 

Banking Relation:           Satisfactory.

Company ADDRESS

 

Registered Head Office:-

c/o Crisp Business Services (HK) Ltd.

9/F., Spa Centre, 55 Lockhart Road, Wanchai, Hong Kong.

 

Associated Company:-

Veles-Agro Ltd., Ukraine.

 

 

BUSINESS REGISTRATION NUMBER

 

52298409

 

 

COMPANY FILE NUMBER

 

1441651

 

 

MANAGEMENT

 

Managing Director:  Mr. Satharai Raghavan Ekambaram

 

 

CAPITAL

 

Nominal Share Capital:               HK$20,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:                 HK$20,000.00

 

 

SHAREHOLDERS

(As per registry dated 19-09-2011)

 

Name

 

No. of shares

Viktor KOROBKO

 

10,000

Meganet Group Corporation

Calles 50, Y Aquilino De La Guardia Plaza Banco General, Piso 30, Apartado Postal 0823-05789, Panama, Republic of Panama.

 

10,000

 

 

––––––

 

Total:

20,000

=====

DIRECTORS

(As per registry dated 19-09-2011)

 

Name

(Nationality)

 

Address

Viktor KOROBKO

14 Utyosova Street, Apartment 91, Odessa, Odessa Region, Ukraine.

 

Satharai Raghavan EKAMBARAM

Flat H, 17/F., Kam Shan Mansion, 5 Tai Fung Avenue, Taikoo Shing, Hong Kong.

 

Zeev BERNSTINE

122, Lamerhav Street, Ramat Hasharon, Israel.

 

 

SECRETARY

(As per registry dated 15-05-2011)

 

Name

Address

Co. No.

Crisp Business Services (HK) Ltd.

9/F., Spa Centre, 55 Lockhart Road, Wanchai, Hong Kong.

1147350

 

 

HISTORY

 

The subject was incorporated on 12th April, 2010 as a private limited liability company under the Hong Kong Companies Ordinance.

Originally the subject was registered under the name of Field Great Ltd., name changed to the present style on 3rd March, 2011.

Formerly the subject was located at 9/F., Bel Trade Commercial Building, 3 Burrows Street, Wanchai, Hong Kong, moved to the present address with effect from 15th May, 2011.

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

    

 

OPERATIONS

 

Activities:                      Importer and Exporter.

 

Lines:                           All kinds of agricultural tools, soil cultivating machinery, etc.

 

Employees:                   Nil.

 

Commodities Imported:   Russia, Ukraine, etc.

 

Markets:                       China, other Asian countries, etc.

 

Terms/Sales:                 L/C, T/T, etc.

 

Terms/Buying:               L/C, etc.

 

 

FINANCIAL INFORMATION

 

Nominal Share Capital:   HK$20,000.00 (Divided into 10,000 shares of HK$1.00 each)

 

Issued Share Capital:     HK$20,000.00

 

Alternation of Capital:-

Initially

paid up

HK$      10,000.00

19-09-2011

paid up

HK$      10,000.00

 

 

–––––––––––––

Total:

paid up

HK$      20,000.00

============

 

Increase of Nominal Capital:-

From

HK$10,000.00

to

HK$20,000.00

on

19-09-2011

 

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.

 

 

GENERAL

 

Having issued 20,000 ordinary shares of HK$1.00 each, Green Energy Commodities Ltd. is equally owned by Viktor Korobko, a Ukraine merchant, and Meganet Group Corporation, a Panama-registered firm.

The subject does not have its own operating office.  Its registered office is in a commercial service firm located at 9/F., Spa Centre, 55 Lockhart Road, Wanchai, Hong Kong known as Crisp Business Services (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 has had an associated company Veles-Agro Ltd. [Veles-Agro] which is in Ukraine.  This firm is owned and operated by Viktor Korobko.  Founded in about 1997, Veles-Agro is one of leading manufacturers of soil cultivating machinery and spare parts.

Veles-Agro manufactures mouldboard ploughs, cultivators, disk aggregates, and wide-cut units for solid preplant soil working.  The range of spare parts for soil cultivating machinery of home and foreign manufacture exceeds 150 items.  Now, Veles-Agro is known both for its wide range and high quality in Ukraine and abroad.  It exports to 19 countries of the CIS, the Baltics, Eastern Europe and Africa.

The subject is engaged in the same lines of business as Veles-Agro.

In Hong Kong, the subject’s business is handled by Mr. Satharai Raghavan Ekambaram who is residing in Hong Kong for a very long time.  He is a Hong Kong ID Card holder.

It is likely that Veles-Agro deals with foreign parties under the name of the subject and let foreign firms correspond with the subject’s registered address in Hong Kong.  Veles-Agro 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 about two years.

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.51.55

UK Pound

1

Rs.81.95

Euro

1

Rs.67.57

 

 

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.